Streetbeat News

Earnings

EXPE

Expedia Group reported Q4 2023 adjusted EPS of $1.72, surpassing the $1.68 estimate, with sales of $2.89B exceeding the $2.88B estimate, marking a 10.28% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:01 pm

ARM

BTCUSD

DIA

DIS

PINS

SPY

The S&P and Dow closed relatively flat, while shares of Arm and Disney surged post-earnings. Bitcoin also rose, surpassing $45,000. Pinterest is set to report earnings after the market close.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:56 pm

AMKBY

ZIM

Zim Integrated Shipping Services Ltd. (NYSE:ZIM) stock is trading lower due to turmoil in the Red Sea, affecting shipping routes and causing uncertainty in the industry. Moller Maersk (OTCPK:AMKBY) also reported earnings and warned of future uncertainties due to the Red Sea crisis, leading the industry lower. The crisis has led to immediate capacity constraints and temporary rate increases, but an oversupply in shipping capacity is expected to eventually pressure prices. Attacks by Iran-backed Houthi militia have forced shipping companies to reroute, potentially impacting global inflation.

Portfolio Pulse from Erica Kollmann

February 08, 2024 | 8:54 pm

CIGI

Colliers International Group's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:45 pm

RXO

RXO shares declined following the announcement of disappointing Q4 revenue results. Additionally, B of A Securities downgraded RXO from Buy to Neutral and reduced its price target from $25 to $22.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:44 pm

UBER

Analysts from Needham, KeyBanc, RBC Capital, and Roth MKM have raised their price targets for Uber Technologies Inc (NYSE:UBER), citing better-than-expected fourth-quarter results, solid growth, and strategic gains. The raised targets reflect optimism about Uber's market position, EBITDA growth, and upcoming investor updates. UBER shares traded higher by 1.05% at $71.40.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 8:42 pm

EFX

Equifax shares experienced an increase following the announcement of their Q4 financial results, which surpassed expectations. Despite an initial drop after the release of Q1 guidance, the stock has rebounded.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:33 pm

ITT

ITT shares are trading lower following the announcement of their Q4 financial results and the issuance of their FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:30 pm

MOH

Molina Healthcare's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided FY24 total revenue guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:29 pm

SNA

Snap-On shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:19 pm