Streetbeat News

Earnings

MRK

Merck & Co's shares saw an increase following the announcement of their Q4 financial results, which surpassed expectations. Additionally, the company provided an adjusted EPS guidance for FY24 that exceeded analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:43 pm

GOOG

MSFT

NVDA

Microsoft Corporation (NASDAQ:MSFT) reported strong quarterly results, with revenue and net income surpassing analyst expectations, driven by significant growth in its Azure cloud service. In contrast, Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) disappointed with lower-than-expected holiday-season advertising sales. Microsoft's success in AI, highlighted by its partnership with ChatGPT-maker OpenAI and the use of its AI tools by major corporations, has contributed to its stock's rise. Microsoft, along with other tech giants, has significantly influenced market performance, with Microsoft and Nvidia Corporation (NASDAQ:NVDA) accounting for a substantial portion of the S&P 500's gains.

Portfolio Pulse from Upwallstreet

February 01, 2024 | 4:41 pm

QCOM

Qualcomm's shares dropped following its Q1 financial results announcement and future guidance. Citigroup downgraded Qualcomm from Buy to Neutral, and JP Morgan reduced its price target from $173 to $170.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:40 pm

RCL

Royal Caribbean CEO Jason Liberty was featured on CNBC, discussing the company's current performance and future outlook.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:37 pm

GOOS

Canada Goose Holdings Inc. (NYSE:GOOS) reported a 6% year-over-year revenue growth for Q3 FY24, with a notable 14% increase in DTC revenue and a 62% revenue surge in Asia Pacific. Despite missing analyst revenue expectations in USD terms, the company saw gross profit grow by 8% and adjusted EPS increase. The company has adjusted its FY24 revenue and EPS guidance upwards, leading to a 2% rise in its stock price.

Portfolio Pulse from Nabaparna Bhattacharya

February 01, 2024 | 4:33 pm

LVS

Deep-pocketed investors have shown a bearish sentiment towards Las Vegas Sands (LVS) based on unusual options activity detected by Benzinga. The activity includes 9 significant options trades with a mixed sentiment, but a majority leaning bearish. The targeted price range for LVS is between $30.0 to $60.0. The largest trades include both bearish and bullish calls with varying expiration dates and strike prices. Las Vegas Sands, a major operator of integrated resorts primarily in Asia, has seen its stock price increase by 2.11% to $49.95, with a potential overbought RSI indication.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:31 pm

PTSI

P.A.M. Transportation (PTSI) reported Q4 2023 adjusted EPS of $(0.10), missing the $0.20 estimate, with sales of $180.20M also missing the $196.60M estimate. This represents an 11.43% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:22 pm

MTH

Meritage Homes' shares are trading lower despite the company reporting better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:21 pm

TT

Trane Technologies' shares surged following the announcement of Q4 adjusted EPS results that exceeded expectations, along with the issuance of optimistic FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:21 pm

BOOT

Boot Barn shares are trading higher following the announcement of mixed Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:20 pm