Streetbeat News

Revenues

DASH

Doordash projects its Q1 Marketplace Gross Order Value (GOV) to be between $18.5 billion and $18.9 billion, with an adjusted EBITDA ranging from $320 million to $380 million.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:09 pm

COHU

Cohu, Inc. forecasts Q1'24 sales to be around $107 million, plus or minus $6 million, which is below the estimated $118.98 million. President and CEO Luis Müller indicates a subdued demand for systems in the near-term but anticipates a recovery in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:09 pm

DLR

Digital Realty forecasts its FY24 Core FFO to range between $6.60 and $6.75, compared to the estimated $6.83. The company also projects its revenue to be between $5.550 billion and $5.650 billion, which is below the estimated $5.760 billion.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:08 pm

DLR

Digital Realty Trust (DLR) reported Q4 2023 earnings of $1.63 per share, missing the consensus estimate of $1.64 by 0.61%. Sales were $1.40B, exceeding the $1.39B estimate by 0.41%, marking a 13.54% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:06 pm

RARE

Ultragenyx has reaffirmed its total revenue outlook for 2024, projecting revenues to be in the range of $500M-$530M, closely aligning with the estimated $504.31M.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:05 pm

ALB

In the last three months, 11 analysts have rated Albemarle (NYSE:ALB), with a shift towards more neutral stances recently. The average 12-month price target is now $144.18, down from $169.30. Analysts' actions, ranging from lowering to maintaining ratings, reflect adjustments to market dynamics and company performance. Albemarle, a leading lithium producer, has shown strong financials, including a revenue growth rate of 10.46% and a net margin of 13.09%, outperforming industry benchmarks.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:00 pm

BLK

KR

WMT

Rick Rieder of BlackRock Inc (NYSE:BLK) is optimistic about the U.S. economy, predicting 4% nominal GDP growth this year, exceeding previous expectations. Despite high federal funds rates, Rieder expects rate cuts starting mid-year. He notes strong consumer spending, particularly in services, despite concerns from big retailers like Walmart (NYSE:WMT) and Kroger (NYSE:KR). Rieder manages BlackRock's $2.6 trillion global fixed-income portfolio.

Portfolio Pulse from Natan Ponieman

February 15, 2024 | 8:11 pm

VECO

Veeco Instruments (NASDAQ:VECO) has been evaluated by 4 analysts over the last three months, showing a shift towards a more bullish outlook with an increase in the average 12-month price target to $34.75, up 14.88% from $30.25. The company's financial performance indicates strong revenue growth and net margin, but challenges in ROE and ROA. Veeco's market capitalization is below industry average, suggesting it's smaller compared to peers, yet it has a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:00 pm

QSR

Restaurant Brands International (RBI) projects significant growth by 2028, aiming for at least 40,000 restaurants worldwide, $60 billion in system-wide sales, and $3.2 billion in adjusted operating income. This ambitious plan reflects RBI's confidence in its expansion strategy and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:47 pm

HLF

JXJT

NNOX

RNLX

SOUN

TGL

USFD

U.S. stocks saw gains with the Dow Jones up 0.75%, NASDAQ up 0.22%, and S&P 500 up 0.52%. US Foods (USFD) shares rose 3% after reporting Q4 revenue above estimates and providing optimistic FY24 guidance. JX Luxventure (JXJT), SoundHound AI (SOUN), and Nano-X Imaging (NNOX) shares surged following positive results and stake news. Conversely, Herbalife (HLF), Treasure Global (TGL), and Renalytix (RNLX) shares fell sharply after disappointing earnings and sales reports.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 7:34 pm