Streetbeat News

Earnings

DOCS

Doximity reported Q3 2024 adjusted EPS of $0.29, surpassing the $0.23 estimate, with sales of $135.28M exceeding the $127.49M forecast. This represents a 17.37% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:03 pm

DXCM

DexCom (NASDAQ:DXCM) reported Q4 earnings of $0.50 per share, surpassing the $0.43 estimate, marking a 47.06% increase from last year. Sales reached $1.03B, exceeding the $1.02B estimate, a 26.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:03 pm

EMKR

EMCORE (NASDAQ:EMKR) reported Q1 2024 adjusted EPS of $(0.03), missing the $(0.02) estimate, with sales of $24.12M also missing the $27.00M estimate. This represents a 3.33% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:02 pm

POWI

Power Integrations (NASDAQ:POWI) reported Q4 2023 adjusted EPS of $0.22, surpassing the $0.15 estimate, but its sales of $89.50M fell short of the $90.17M forecast, marking a 28.27% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:02 pm

EXPE

Expedia reported a 6% year-over-year increase in Q4 gross bookings, indicating a positive trend in its business operations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:01 pm

EXPE

Expedia Group reported Q4 2023 adjusted EPS of $1.72, surpassing the $1.68 estimate, with sales of $2.89B exceeding the $2.88B estimate, marking a 10.28% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:01 pm

ARM

BTCUSD

DIA

DIS

PINS

SPY

The S&P and Dow closed relatively flat, while shares of Arm and Disney surged post-earnings. Bitcoin also rose, surpassing $45,000. Pinterest is set to report earnings after the market close.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:56 pm

AMKBY

ZIM

Zim Integrated Shipping Services Ltd. (NYSE:ZIM) stock is trading lower due to turmoil in the Red Sea, affecting shipping routes and causing uncertainty in the industry. Moller Maersk (OTCPK:AMKBY) also reported earnings and warned of future uncertainties due to the Red Sea crisis, leading the industry lower. The crisis has led to immediate capacity constraints and temporary rate increases, but an oversupply in shipping capacity is expected to eventually pressure prices. Attacks by Iran-backed Houthi militia have forced shipping companies to reroute, potentially impacting global inflation.

Portfolio Pulse from Erica Kollmann

February 08, 2024 | 8:54 pm

CIGI

Colliers International Group's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:45 pm

RXO

RXO shares declined following the announcement of disappointing Q4 revenue results. Additionally, B of A Securities downgraded RXO from Buy to Neutral and reduced its price target from $25 to $22.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:44 pm