Streetbeat News

Earnings

ORAN

Orange (NYSE:ORAN) reported a 16.4% increase in FY EPS to €0.85 and a 1.5% increase in sales to €44.12B compared to last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:28 am

CGNX

CVE

WEN

Numerous companies are scheduled to report their earnings on February 15, 2024, covering a wide range of industries from technology to energy, and including both earnings and losses. Key companies reporting include Cognex, Cenovus Energy, Wendy's, Agios Pharmaceuticals, Appian, and many others, with expectations of both profits and losses.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 10:17 am

ALLT

Allot Ltd projects a non-GAAP operating profit and free cash flow breakeven for the full year of 2024, alongside continued double-digit growth in SECaaS revenues and ARR.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:03 am

ALLT

Allot (NASDAQ:ALLT) reported Q4 adjusted EPS of $(0.43), missing the $(0.16) estimate by 168.75%, and a 230.77% decrease from last year's $(0.13). Sales were $24.34M, beating the $22.26M estimate by 9.35%, but down 26.30% from last year's $33.03M.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:01 am

AAPL

CVX

DHI

HPQ

Warren Buffett's Berkshire Hathaway trimmed its Apple stake by over 10 million shares, despite it being their top holding, reflecting a cautious outlook. The firm also reduced positions in HP Inc. and Paramount Global, while completely exiting D.R. Horton, Globe Life, Markel Group, and StoneCo. Conversely, Berkshire increased its investments in Chevron, Occidental Petroleum, and Sirius XM, indicating a strategic shift in its portfolio. Notably, positions in Bank of America, American Express, and Coca-Cola remained unchanged.

Portfolio Pulse from Shanthi Rexaline

February 15, 2024 | 9:25 am

FUN

Cedar Fair (NYSE:FUN) reported Q4 sales of $371.12M, surpassing the $366.96M estimate, marking a 1.13% beat and a 1.40% increase YoY. However, the company experienced a net loss of $10M compared to a net income of $12M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:02 am

BYDDY

Ford Motor Co views Chinese EV makers as a significant strategic threat to its business in the U.S., with Ford's EV COO Marin Gjaja highlighting the technological advancements and strategic moves, such as potential factory setups in Mexico by Chinese companies like BYD Co Ltd, to circumvent U.S. tariffs. Ford is focusing on cost and efficiency in its EV development to compete with Tesla and affordable Chinese EVs.

Portfolio Pulse from Anan Ashraf

February 15, 2024 | 8:15 am

ABNB

COIN

DBX

LYFT

USFD

U.S. stocks closed higher with the Dow Jones up by 161 points, influenced by improved investor sentiment as indicated by the CNN Money Fear and Greed index remaining in the 'Greed' zone. Lyft shares surged 35% after positive Q4 results and guidance, while Airbnb shares dropped 2% following its Q4 financial report. The S&P 500 and Nasdaq also saw gains, with industrials, information technology, and communication services leading. Investors are looking forward to earnings from US Foods Holding, Deere & Company, Coinbase Global, and Dropbox.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 7:39 am

CPAC

Cementos Pacasmayo reported its earnings, with an EPS of S/0.10, remaining flat year-over-year. Sales decreased to S/511.37M from S/533.89M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:38 am

COIN

CSCO

HUBS

USFD

Cisco Systems reported better-than-expected Q2 results but weak full-year 2024 guidance and a workforce cut plan, causing shares to drop. US Foods Holding is expected to report earnings with shares slightly up. Deere & Company's earnings anticipation caused a minor share decrease. HubSpot reported strong Q4 results and FY24 guidance, boosting shares. Coinbase Global is expected to report a quarterly loss, yet shares increased.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 7:37 am