Streetbeat News

Earnings

HUBS

HubSpot, Inc. (NYSE:HUBS) reported higher-than-expected Q4 earnings and sales, and provided strong FY24 guidance. Earnings per share were $1.76, surpassing estimates of $1.54. Sales reached $581.91 million, exceeding expectations of $558.27 million. The company forecasts Q1 earnings of $1.48 to $1.50 per share and FY24 earnings of $6.86 to $6.94 per share, with revenue projections of $2.55 to $2.56 billion. Following the announcement, HubSpot shares rose by 4.3%. Analysts from Piper Sandler and Needham raised their price targets for HubSpot to $675 and $730, respectively.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 12:47 pm

SPWR

SunPower (NASDAQ:SPWR) reported Q4 2023 adjusted EPS of $(0.51), missing the $(0.24) estimate, with non-GAAP revenue from continuing operations at $361.30M, below the $362.85M estimate. This represents a 27.35% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:46 pm

SO

Southern Company (SO) forecasts its FY24 adjusted earnings per share (EPS) to be in the range of $3.95 to $4.05, which is slightly below the estimated $4.010.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:45 pm

SABR

Sabre Corporation (NASDAQ:SABR) reported Q4 2023 adjusted EPS of $(0.12), surpassing the $(0.14) estimate, but its sales of $687.00M fell short of the $691.78M estimate. This represents an 8.84% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:42 pm

APP

CSCO

QQQ

SPY

Nasdaq and S&P 500 futures edged higher ahead of a slew of economic data, with optimism that the Federal Reserve may soon reverse rates. Bond yields declined, and crude oil prices fell for a second day. U.S. stocks had advanced on Wednesday, with the Nasdaq Composite and S&P 500 showing strength. A Morgan Stanley analyst predicts 2024 will be another good year for equity markets, citing reasons including an uptick in retail fund flows and cooling inflation. In premarket trading, SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw gains. Several companies reacted to earnings announcements, with notable movements in stocks like AppLovin Corporation and Cisco Systems, Inc.

Portfolio Pulse from Shanthi Rexaline

February 15, 2024 | 12:42 pm

OGN

Organon shares are trading higher following the announcement of better than expected Q4 2023 earnings and the issuance of 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:40 pm

KELYA

Kelly Services anticipates growth in Q1 2024 European staffing operations revenue, alongside sustained structural expense reductions and positive outcomes from growth initiatives, to further expand its EBITDA margin.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:39 pm

OGN

Organon forecasts its full year revenues for 2024 to be between $6.2 billion and $6.5 billion, aligning closely with the consensus estimate of $6.40 billion. Additionally, the company anticipates an adjusted EBITDA margin of 31.0% to 33.0%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:38 pm

SO

Southern reported Q4 2023 adjusted EPS of $0.64, surpassing the $0.60 estimate, but its sales of $6.04B fell short of the $7.89B estimate, marking a 14.22% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:37 pm

NVMI

Nova, identified by its ticker NVMI, has projected its adjusted earnings per share (EPS) for Q1 2024 to be in the range of $1.21 to $1.33, which compares to the market expectation of $1.24.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:37 pm