Streetbeat News

Earnings

CRUS

Cirrus Logic shares are trading higher following the announcement of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:35 pm

SNAP

Snap Inc (NYSE:SNAP) reported Q4 earnings with a 5% year-over-year revenue increase to $1.361 billion, missing estimates of $1.38 billion. Adjusted EPS was 8 cents, beating the 6 cents estimate. Daily active users grew to 414 million, a 10% increase. Operating cash flow was $165 million, and free cash flow was $111 million. The company provided Q1 revenue guidance of $1.095 to $1.135 billion, below estimates of $1.12 billion, and anticipates an adjusted EBITDA between negative $55 million and negative $99 million. Shares dropped 30.6% after hours to $12.10.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 9:34 pm

TENB

Tenable shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:34 pm

AYX

Alteryx (NYSE:AYX) reported Q4 earnings of $1.07 per share, missing the consensus estimate of $1.16 by 7.76%, but saw a 27.38% increase from last year. Sales reached $351M, beating estimates of $337.61M by 3.97%, and marking a 16.58% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:33 pm

FRSH

Freshworks (NASDAQ:FRSH) reported Q4 adjusted EPS of $0.08, surpassing the $0.05 estimate, marking a 700% increase from last year. Sales reached $160.11M, exceeding the $158.50M estimate, a 20.23% year-over-year increase.

Portfolio Pulse from mahesh@benzinga.com

February 06, 2024 | 9:33 pm

GILD

Gilead Sciences' shares dropped following the announcement of disappointing Q4 adjusted EPS results and a forecast for FY24 revenue that falls short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:33 pm

VLTO

Veralto (NYSE:VLTO) reported Q4 adjusted EPS of $0.87, surpassing the $0.81 estimate, and sales of $1.29B, exceeding the $1.25B estimate. This represents an 8.75% increase in earnings and a 3.21% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:33 pm

ZWS

Zurn Elkay Water (ZWS) reported Q4 adjusted EPS of $0.26, surpassing the $0.23 estimate, marking a 62.5% increase from last year. Sales reached $356.80M, exceeding the $350.45M estimate, a 4.85% increase from the previous year.

Portfolio Pulse from totan@benzinga.com

February 06, 2024 | 9:33 pm

F

Ford Motor Company (NYSE: F) reported Q4 earnings with a revenue of $46 billion, up 4% YoY, surpassing the consensus estimate of $39.53 billion. EPS was 29 cents, beating the 13 cents estimate. Segment sales showed growth, especially in Ford Pro (+11%) and Ford Model e (+2%). The company emphasized its commitment to EVs, projecting the next generation of electric vehicles to be profitable within a year of launching. Ford announced a Q1 dividend of 15 cents per share and a supplemental dividend of 18 cents, payable on March 1. The company expects full-year adjusted EBIT to be between $10 billion and $12 billion, with free cash flow between $6 billion and $7 billion. Ford shares rose 7% in after-hours trading.

Portfolio Pulse from Chris Katje

February 06, 2024 | 9:33 pm

KD

Kyndryl shares surged following the announcement of their Q3 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:32 pm