Streetbeat News

Earnings

NN

NN has announced that its preliminary results for 2023 are consistent with its previous outlook. This suggests stability in the company's performance and adherence to its financial projections. No specific financial figures or comparisons with past performance were provided in the announcement.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:33 pm

AER

AL

BAC

BMO Capital Markets analyst James Fotheringham maintained a Market Perform rating on Bank Of America Corporation (BAC) but lowered the price target from $37 to $36. The adjustment follows BAC's Q4 2023 miss driven by higher operating and credit costs, and reduced share repurchase expectations. Fotheringham suggests better return potential in other U.S. FIG stocks, highlighting AerCap Holdings (AER) and Air Lease Corporation (AL) as having less exposure to risks. BAC's Q4 revenue declined 10% Y/Y, and core EPS of $0.66 missed consensus by 7%. The 2024 core EPS estimate for BAC was reduced to $3.13 from $3.29, while the 2025 estimate remains nearly the same. BAC shares dropped 2.07% to $32.12.

Portfolio Pulse from Nabaparna Bhattacharya

January 16, 2024 | 9:32 pm

PRGS

Progress Software projects its FY24 adjusted earnings per share (EPS) to be in the range of $4.58-$4.68, compared to the estimated $4.64. The company also forecasts revenue to be between $722 million and $732 million, versus the estimated $729.51 million.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:28 pm

PRGS

Progress Software (NASDAQ:PRGS) reported Q4 2023 adjusted EPS of $1.02, surpassing the $0.91 estimate, and non-GAAP revenue of $177.50M, exceeding the $174.05M estimate. This represents an 11.51% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:25 pm

LAES

SEALSQ Corp (NASDAQ:LAES) stock has seen a significant increase after a period of stagnation. The rise followed the announcement of its post-quantum semiconductor technology and preliminary unaudited revenue for 2023 showing a 29% increase from 2022. The company's participation in CES 2024 and the closing of a $10 million private placement also contributed to the stock's performance. Additionally, SEALSQ launched SEALCOIN.AI with Google Cloud, aiming to develop hardware and software for internet-driven devices. Despite a pullback on Friday, shares surged over 43% on Tuesday.

Portfolio Pulse from Ryan Gustafson

January 16, 2024 | 9:23 pm

BGFV

Big 5 Sporting Goods Corporation (BGFV) has provided guidance for its FY23 earnings per share (EPS), projecting a loss of $(0.30) to $(0.32). This forecast is worse than the estimated loss of $(0.2) previously anticipated by analysts.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:23 pm

BGFV

Big 5 Sporting Goods Corporation (BGFV) has reported an estimated Q4 2023 EPS of $(0.38)-$(0.40), which is lower than the estimated $(0.28).

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:21 pm

PLXS

Plexus Corp. announced that it will not meet its Q1 revenue guidance of $990M-$1.03B, nor will it meet its operating margin and GAAP EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:20 pm

NIC

Nicolet Bankshares (NYSE:NIC) reported Q4 earnings of $1.85 per share, missing the consensus estimate of $1.90 by 2.63%. Year-over-year, earnings increased by 1.09% from $1.83 per share. Quarterly sales were $64.28M, surpassing the estimate of $60.98M by 5.41%, but marked a 5.60% decrease from $68.09M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:18 pm

PI

Impinj, a provider of RAIN RFID solutions, has announced that it expects its Q4 adjusted EBITDA to exceed $2.5 million, which is significantly above its prior guidance range of ($0.9 million) to $0.7 million.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:17 pm