Streetbeat News

Earnings

TSLA

During an earnings call, Elon Musk expressed his desire to maintain a 25% ownership stake in Tesla, believing it necessary to be an effective steward of the company's advanced technology.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:55 pm

TSLA

During the earnings call, Elon Musk expressed that a dual class stock structure would be ideal for Tesla, aiming for influence rather than control.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:54 pm

TSLA

During the earnings call, Tesla announced that it expects its capital spending to exceed $10 billion in 2024. This significant investment is indicative of the company's growth plans and commitment to expanding its operations and production capacity.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:48 pm

TSLA

During the earnings call, Elon Musk stated that Tesla is significantly advanced in the development of its next-generation products.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:42 pm

TSLA

During an earnings call, Elon Musk claimed that Tesla is the leading company globally in terms of AI inference efficiency.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:41 pm

URI

United Rentals, Inc. (NYSE:URI) reported Q4 earnings with adjusted earnings of $11.26 per share, surpassing estimates of $10.93. Revenue was $3.73 billion, exceeding estimates of $3.62 billion and showing a 13% year-over-year growth. Rental revenue hit a record $3.119 billion, up 13.5% from the previous year. Adjusted EBITDA reached a record $1.809 billion, though the margin fell by 150 basis points to 48.5%. The company announced a new $1.5 billion share repurchase program to be completed by Q1 2025. United Rentals forecasts full-year 2024 revenue between $14.65 billion and $15.15 billion, compared to an estimate of $14.805 billion. After the earnings release, URI shares rose 3.31% to $596 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 24, 2024 | 10:37 pm

EQBK

Equity Bancshares (NASDAQ:EQBK) reported a Q4 loss of $(1.84) per share, slightly better than the estimated $(1.88) loss. However, this represents a significant decrease from the $0.72 earnings per share in the same quarter last year. Quarterly sales were $(3.95 million), far below the expected $29.49 million, and a sharp decline from the previous year's $50.36 million.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:36 pm

PRSO

Peraso Technologies Inc. reported estimated Q4 revenue of $1.6M-$1.9M, below the expected $3.2M, and FY23 revenue of $13.6M-$13.8M, under the $15.12M estimate. The company's cash position improved by $0.9M in Q4 due to proceeds from the end-of-life of its memory products.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:35 pm

T

TMUS

VZ

Analysts from Keybanc, Oppenheimer, Raymond James, and Morgan Stanley have updated their outlook on Verizon Communications Inc (VZ) following its Q4 results and 2024 guidance. Keybanc raised its price target to $46, noting mixed Q4 results but encouraging guidance. Oppenheimer increased its price target to $48, highlighting strong momentum and positive outlook for 2024. Raymond James maintained a $46 price target, emphasizing Verizon's defensive nature and total return potential. Morgan Stanley also maintained an Overweight rating with a $44 price target, pointing to a significant beat on postpaid phone adds and positive revenue trends. The analysts' views suggest a positive impact on Verizon's stock, with a neutral to positive outlook for AT&T (T) and neutral for T-Mobile US (TMUS). Verizon's shares closed lower by 2.25% at $41.28.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 10:31 pm

CVBF

CVB Financial Corp. reported a Q4 adjusted EPS of $0.39, surpassing the estimated $0.38. This indicates a positive performance compared to market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:23 pm