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ACIW

ACI Worldwide (NASDAQ:ACIW) reported Q4 adjusted EPS of $1.27, surpassing the $0.97 estimate, marking a 27% increase from last year. However, their sales of $476.56M slightly missed the $477.50M estimate, though it's a 5.48% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:02 am

TCNNF

Trulieve Cannabis (TCNNF) reported Q4 adjusted EPS of $(0.12), surpassing the $(0.16) estimate, with sales of $287.00M exceeding the $267.95M forecast. This represents a 33.33% improvement in losses per share and a 7.11% sales beat year-over-year, despite a 3.85% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:02 am

EXLS

ExlService Holdings (EXLS) reported Q4 adjusted earnings of $0.35 per share, surpassing the consensus estimate of $0.34, marking a 12.9% increase from the previous year. Sales reached $414.06M, exceeding estimates of $409.34M and showing a 10.5% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:02 am

TSLA

Ross Gerber, a Tesla investor, expressed skepticism about the feasibility of Tesla's new Roadster achieving 0-60 mph in less than a second, citing potential risks. He suggested Elon Musk's motivation might be driven by competition with BYD's Yangwang, a Chinese supercar. Musk aims to finalize the Roadster's design by late 2024, with deliveries in 2025. Gerber believes BYD could succeed in the U.S. market by adopting a strategy similar to Hyundai's Genesis brand.

Portfolio Pulse from Anan Ashraf

February 29, 2024 | 11:01 am

ESAB

ESAB reported Q4 2023 adjusted EPS of $1.13, surpassing the $1.04 estimate, with sales of $689.35M exceeding the $641.62M forecast. This represents a 3.80% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:01 am

NAT

Nordic American Tankers (NAT) reported Q4 earnings of $0.08 per share, missing the $0.13 estimate, and sales of $59.25M, missing the $68.69M estimate. This represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:57 am

VWAGY

XPEV

XPeng Inc. (NYSE:XPEV) and Volkswagen AG (OTC:VWAGY) have enhanced their partnership by signing an agreement to jointly develop two B-class battery electric vehicles (BEVs) and initiate a Joint Sourcing Program for vehicle parts. This collaboration aims to leverage both companies' strengths, reduce platform costs, and improve the competitiveness of their BEVs. Additionally, XPeng is expanding its global presence through a strategic partnership with Ali & Sons in the UAE, targeting markets in Egypt, Azerbaijan, Jordan, and Lebanon. XPEV shares saw a premarket increase of 3.67% to $9.05.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 10:53 am

DDL

Dingdong (Cayman) reported a significant decrease in both earnings per share and sales for Q4, with EPS down 87.5% to $0.01 from $0.08 YoY, and sales down 21.77% to $703.31M from $899.01M YoY.

Portfolio Pulse from totan@benzinga.com

February 29, 2024 | 10:48 am

FRT

Wells Fargo analyst Dori Kesten upgraded Federal Realty Investment (FRT) from Equal-Weight to Overweight and increased the price target from $110 to $112.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:41 am

BECN

Baird analyst David Manthey has upgraded Beacon Roofing Supply (BECN) from Neutral to Outperform and increased the price target from $99 to $115. This upgrade reflects a positive outlook on BECN's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:38 am