Streetbeat News

Earnings

SNAP

Snap Inc. reported a 10% year-over-year increase in its Daily Active Users (DAUs) for the fourth quarter, reaching 414 million users.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:13 pm

FTNT

Fortinet projects its Q1 2024 revenue to be between $1.3B and $1.36B, surpassing the estimated $1.262B.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:13 pm

F

Ford anticipates a full-year adjusted EBIT of $10B-$12B and aims to generate $6B-$7B in adjusted free cash flow for 2024, with capital expenditures of $8B-$9.5B. COO Kumar Galhotra highlighted the company's focus on quality and cost improvements, expecting $2B in cost reductions. The guidance includes beneficial pricing from the all-new Super Duty sales, with total costs expected to be flat due to cost improvements offset by higher labor and product refresh expenses. Segment-wise, Ford Pro is expected to contribute $8B-$9B, Ford Blue $7B-$7.5B, Ford Model e to report a loss of $5B-$5.5B, and Ford Credit to earn about $1.5B before taxes.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:12 pm

CMG

Chipotle Mexican Grill (CMG) reported Q4 2023 earnings of $10.36 per share, surpassing the $9.75 estimate, with sales of $2.52B also beating the $2.49B estimate. This represents a 15.36% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:12 pm

ENPH

Enphase Energy has projected its Q1 revenue to be between $260M and $300M, which falls below the estimated $319.418M by analysts.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:11 pm

SNAP

Snap Inc. (SNAP) reported Q4 2023 adjusted earnings per share (EPS) of $0.08, surpassing the consensus estimate of $0.06 by 33.33%. However, its quarterly sales of $1.36 billion fell short of the expected $1.38 billion by 1.03%, marking a 4.69% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:11 pm

CTSH

Cognizant Tech Solns (NASDAQ:CTSH) reported Q4 earnings, beating estimates with an EPS of $1.18 against the expected $1.04, a 13.46% increase. However, revenue decreased by $81 million from the previous year. Despite beating last quarter's EPS estimate, the share price dropped by 2.02% the following day. Historical earnings data shows fluctuating performance over the past year.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 9:10 pm

AZEK

AZEK Co (NYSE:AZEK) reported Q1 earnings with an EPS of $0.1, doubling the estimated $0.05 and marking a significant revenue increase of $24.18 million from the previous year. The company has a history of surpassing earnings estimates, which previously led to a 5.99% share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 9:10 pm

EXEL

Exelixis (NASDAQ:EXEL) reported Q4 earnings with a 50.0% beat on estimated EPS, reporting $0.33 versus the $0.22 estimate. Revenue increased by $55.73 million from the same period last year. In the previous quarter, the company missed EPS estimates which led to a 4.23% drop in share price the following day. The report highlights Exelixis's performance improvement over the past quarters.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 9:10 pm

F

Ford's CFO, John Lawler, announced that the company's strong cash flow and disciplined capital allocation strategy will support significant investments in the Ford+ plan. Additionally, Ford aims to return value to shareholders by targeting distributions of 40% to 50% of its adjusted free cash flow.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:10 pm