Streetbeat News

Earnings

CNEY

CN Energy Group, Inc. (CNEY) announced its Fiscal 2023 financial results, reporting a revenue of $57.90M, a 44% increase YoY, driven by a 39.2% increase in activated carbon sales. EPS remained flat at $(0.10).

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:30 am

COIN

Coinbase Global Inc (NASDAQ:COIN) reported a doubling in trading volume in Q4, with $154 billion traded. CEO Brian Armstrong highlighted the success of Bitcoin ETFs, noting Coinbase's significant role in custodying 90% of the $36 billion in Bitcoin ETF assets. The company's Q4 earnings exceeded expectations, with earnings of $1.04 per share and revenue of $953.8 million. Armstrong attributed part of this success to the growing appeal of Bitcoin ETFs, which have seen over $4 billion in net inflows. He also mentioned Coinbase's involvement in supporting pro-crypto candidates in the U.S. election through a Super PAC.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 5:22 am

NVDA

Options traders anticipate an 11% swing in NVIDIA Corp (NASDAQ:NVDA) stock around its earnings report on Feb. 21, marking the largest expected pre-earnings move in three years. The stock has already surged 50% this year, and the potential swing could shift its market value by about $200 billion. Demand for upside options remains high, with the 90-day 25 delta call skew near a five-year peak. Nvidia's recent achievements and investments in AI are seen as key growth drivers.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 2:55 am

COIN

DKNG

ROKU

SMCI

TSLA

DraftKings, Coinbase, Super Micro Computer, Roku, and Tesla were among the top stocks on investors' radars, with significant movements and news impacting their stock prices. DraftKings reported a 44% increase in Q4 revenue and an acquisition to boost its digital lottery market presence. Coinbase exceeded Q4 revenue estimates with transaction revenue up by 83%. Super Micro Computer surged due to its strong AI market positioning. Roku saw a 14% increase in Q4 revenue, with strategic expansions into branded TVs. Tesla's stock rose amid CEO Elon Musk's compensation plan appeal, reflecting strategic responses to challenges.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 2:17 am

DE

F

TSLA

Ford CEO Jim Farley encourages investors to focus on Ford's 'Pro' unit over Tesla's Full Self-Driving, highlighting its potential with expected pretax earnings of $8-$9 billion this year. Farley compares Ford Pro to Deere & Co's success and emphasizes its undervaluation. Morgan Stanley's Adam Jonas also sees Ford Pro as a 'cash cow'. Despite challenges, Ford's EV sales in 2023 show significant growth, with Farley optimistic about future profitability.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 1:42 am

LNT

Alliant Energy has reaffirmed its earnings per share (EPS) guidance for the year 2024, projecting a range of $2.99 to $3.13, with an estimated average of $3.07.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:04 pm

LNT

Alliant Energy (NASDAQ:LNT) reported Q4 adjusted EPS of $0.48, missing the consensus estimate of $0.55, and sales of $961M, below the $1.12B estimate. This represents a 4.35% increase in EPS and a 9.17% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:01 pm

YELP

Yelp Inc. (NYSE:YELP) reported mixed Q4 results with earnings of 37 cents per share, missing estimates by 2.63%, but surpassed sales expectations with $342.38 million, a 10.76% increase year over year. The company announced a $500 million increase in its share repurchase program and provided a positive outlook for 2024, expecting net revenue between $1.42 billion and $1.44 billion and adjusted EBITDA between $315 million and $335 million. Despite this, Yelp shares dropped 8.76% after-hours.

Portfolio Pulse from Erica Kollmann

February 15, 2024 | 10:38 pm

COIN

FTNT

IT

NVDA

SMCI

Marc Chaikin, founder of Chaikin Analytics, differentiates between the investment potential of AI and crypto sectors. He favors AI, particularly semiconductor stocks like NVIDIA Corp (NVDA) and Super Micro Computer Inc (SMCI), over crypto stocks. Chaikin suggests taking profits in SMCI around $1,000 a share. Despite the recent surge in Coinbase Global Inc (COIN) due to crypto highs, Chaikin prefers AI, which benefits various tech industries. He also mentions Gartner Inc (IT) and Fortinet Inc (FTNT) as part of the AI boom.

Portfolio Pulse from Aaron Bry

February 15, 2024 | 10:31 pm

SAND

Sandstorm Gold (NYSE:SAND) reported Q4 2023 earnings of $0.08 per share, surpassing the $0.01 estimate, with sales of $44.50M beating the $43.77M estimate, marking a 15.74% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:17 pm