Streetbeat News

Earnings

ARCH

Arch Resources Inc (NYSE:ARCH) shares fell after reporting mixed Q4 results. Revenue was $774.0 million, down from $859.5 million YOY but above consensus. Adjusted EBITDA and EPS missed expectations. The company saw a decrease in coking coal sales volume and announced a quarterly cash dividend of $1.65 per share. It also repurchased $3.0 million in shares, with $217.7 million remaining under its repurchase program. The outlook for 2024 includes an increase in coking coal production and solid contributions from thermal assets.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 5:17 pm

TWLO

Twilio Inc (NYSE:TWLO) shares dropped despite reporting strong Q4 results, as the company did not release a full-year outlook and announced a review of its Segment business. Analysts have mixed views, with some reducing price targets due to concerns over the Segment business and first-quarter guidance, while others remain optimistic about the company's margin expansion and operational review outcomes.

Portfolio Pulse from Priya Nigam

February 15, 2024 | 5:17 pm

ALNY

Alnylam Pharmaceuticals reported its Q4 2023 adjusted EPS at $(0.77), surpassing the $(1.32) estimate. However, its sales of $439.72M fell short of the expected $442.90M.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:04 pm

OTLY

Oatly Group AB (NASDAQ:OTLY) reported a Q4 loss per share of $(0.50), wider than the expected $(0.15), but surpassed revenue expectations with $204.12 million against a forecast of $191.34 million. Revenue grew by 4.6% year-over-year, with a slight increase in sold volume. The company improved its gross margin to 23.4% and reduced its adjusted EBITDA loss to $19.2 million. Despite these improvements, OTLY shares dropped 15.1% to $1.14. Oatly forecasts 5-10% revenue growth for 2024 with an adjusted EBITDA loss of $35-$60 million and capital expenditures below $75 million.

Portfolio Pulse from Nabaparna Bhattacharya

February 15, 2024 | 5:03 pm

WEN

Wendy's Co (NASDAQ:WEN) reported Q4 FY23 results with a slight sales growth of 0.8% to $540.7 million, missing analyst estimates. Adjusted EPS of $0.21 also fell short of expectations. Despite challenges, the company saw digital sales acceleration and global expansion, opening nearly 250 new restaurants. The company expects FY24 adjusted EPS of $0.98-$1.02, below consensus estimates, and projects 5%-7% global systemwide sales growth. Shares dropped 2.05% to $18.89.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 5:01 pm

GXO

GXO Logistics (NYSE:GXO) has received mixed analyst ratings in the last three months, with 2 bullish and 2 somewhat bullish ratings. The average 12-month price target for GXO has increased to $70.25, up 1.44% from the previous $69.25. Analysts from Susquehanna, Citigroup, Stifel, and JP Morgan have adjusted their price targets and ratings, reflecting their perspectives on the company's performance and market conditions. GXO Logistics, a contract logistics company, has shown positive financial indicators such as revenue growth, net margin, ROE, ROA, and a healthy debt-to-equity ratio, outperforming industry benchmarks.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:00 pm

QS

QuantumScape's stock price has decreased following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 4:51 pm

IRDM

Iridium Communications shares are trading lower following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 4:50 pm

APPN

Appian Corp (NASDAQ:APPN) reported a 16% year-on-year revenue growth for Q4 FY21, reaching $145.3 million and surpassing the consensus of $140.9 million. The adjusted EPS loss of $0.06 also beat the consensus loss of $(0.24), leading to a stock price increase. Subscription revenue grew by 24% Y/Y to $115.8 million, while professional services revenue declined by 9% Y/Y to $29.5 million. CEO Matt Calkins highlighted reaching two milestones in 2023: exceeding half a billion dollars in full-year revenue and achieving the highest quarterly gross margin in the company's history. Appian's outlook for Q1 revenue is $148.00 million to $150.00 million, slightly below the consensus of $150.84 million, and expects an adjusted EPS loss of $(0.21) to $(0.16), compared to the consensus loss of $(0.17). For FY24, the company forecasts revenue of $615.00 million to $617.00 million, below the consensus of $618.17 million, and an adjusted EPS loss of $(0.73) to $(0.66), against the consensus loss of $(0.60). APPN shares surged 12.3% to $37.50 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 15, 2024 | 4:39 pm

ALKS

Alkermes shares are trading higher following the announcement of mixed Q4 results and the approval of a share repurchase program worth up to $400 million.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 4:37 pm