Streetbeat News

Earnings

ES

Eversource Energy (NYSE:ES) reported Q4 FY23 revenue of $2.69 billion, missing the consensus of $3.24 billion. Adjusted EPS of $0.95 also missed the consensus of $0.97. The company announced the sale of its 50% stake in South Fork Wind and Revolution Wind to Global Infrastructure Partners, expecting to realize $1.1 billion and use it to repay debt. Eversource is also exploring the sale of its water business. Shares rose 1.10% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 11:15 am

CGAU

Centerra Gold announced it met its 2023 production guidance, with Q4 gold production reaching 129,259 ounces. The company starts 2024 with over $600M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:14 am

SITE

SiteOne Landscape Supply projects its FY24 Adjusted EBITDA to be between $420M-$455M. The company anticipates sales volume growth to counteract price deflation, leading to a low single-digit organic daily sales growth for the full year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:08 am

GLSI

Greenwich Lifesciences announced an update on the Phase 3 Flamingo-01 trial of its cancer immunotherapy, GLSI-100. The update is crucial for investors as it marks a significant milestone in the company's development of treatments for cancer.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:07 am

GNRC

Generac Holdings forecasts a 3%-7% sales growth for 2024, driven by residential product sales, despite a projected 10% decline in C&I product sales. The company anticipates a net income margin of 6.5-7.5% and an adjusted EBITDA margin of 16.5-17.5%, with strong cash flow generation.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:05 am

LPX

Louisiana-Pacific projects an increase in Siding Net sales by 3%-5% for Q1 and 8%-10% for 2024. The company also forecasts Consolidated Adjusted EBITDA to be between $130 million to $145 million for Q1 and $495 million to $525 million for 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:04 am

SITE

SiteOne Landscape Supply (NYSE:SITE) reported Q4 earnings with losses of $(0.08) per share, surpassing the $(0.19) estimate, and sales of $965.00M, exceeding the $942.2M estimate. This represents a 300% increase in losses from the previous year but an 8.43% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:04 am

AMD

NVDA

Nvidia Corp. (NVDA) faces potential concerns despite its significant rise in 2023, with UBS analyst Timothy Arcuri noting a decrease in lead times for Nvidia's chips, suggesting potential for increased shipments and revenue. However, short seller Jim Chanos and others view this as a negative sign, indicating possible waning demand. The situation is complicated by Nvidia's strong position in the AI market, competition, and reliance on key markets like Singapore. Nvidia's upcoming quarterly earnings report on Feb. 21 may provide further insights.

Portfolio Pulse from Shanthi Rexaline

February 14, 2024 | 11:03 am

GOLD

Barrick Gold (NYSE:GOLD) reported Q4 adjusted EPS of $0.27, surpassing the $0.21 estimate, marking a 107.69% increase from last year. However, its $3.06B sales fell short of the $3.15B estimate, despite being a 10.27% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:03 am

AVTR

Avantor reported its Q4 2023 operating cash flow at $251.6 million, alongside a free cash flow of $201 million.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:03 am