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Earnings

YUM

Yum! Brands shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:33 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is reportedly considering mass layoffs amid a slowdown in sales growth, despite planning for future expansions and significant capital investments. The company's U.S. managers have been asked to categorize team members' roles as critical or non-critical, following the cancellation of some performance reviews. Tesla missed its earnings and revenue forecasts for Q4 2023, leading to a more than 10% drop in shares. However, the company still plans to allocate over $10 billion in capital expenditures and increase its R&D spending to approximately $4.5 billion.

Portfolio Pulse from Piero Cingari

February 07, 2024 | 3:32 pm

AMGN

Amgen's shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:29 pm

GILD

Gilead Sciences' shares dropped following the announcement of disappointing Q4 adjusted EPS results and a forecast for FY24 revenue that falls short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:27 pm

HLT

Hilton's CEO reported in a conference call that Leisure Transient RevPAR grew by 3%, showing a modest deceleration from Q3 due to seasonality. The Business Transient segment surpassed pre-pandemic RevPAR levels, yet lagged in terms of occupancy.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:27 pm

HLT

Hilton Worldwide's CFO reported a significant 73% YoY increase in Revenue Per Available Room (RevPAR) in China for the quarter. Additionally, Group RevPAR rose by 6% YoY, attributed to an uptick in small company meetings and convention demand.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:26 pm

BABA

Alibaba's stock price declined following the announcement of its Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:24 pm

EQH

Equitable Holdings' shares surged following the announcement of their Q4 adjusted EPS results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:22 pm

DAY

Dayforce shares are trading lower following the announcement of their Q4 financial results, along with Q1 and FY24 revenue guidance that fell below market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:21 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) shares surged after reporting Q4 financial results, despite missing earnings and revenue estimates. The stock was upgraded by Oppenheimer and had its price target raised by BMO Capital. The company plans to cease operations in Romania and Wisconsin, focusing on manufacturing in the U.S. Short interest in ENPH shares may also be influencing its price movement.

Portfolio Pulse from Erica Kollmann

February 07, 2024 | 3:20 pm