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JWN

Nordstrom Inc (NYSE:JWN) reported Q4 earnings of 96 cents per share, surpassing the consensus of 88 cents, with sales of $4.42 billion beating estimates of $4.388 billion. Total net sales increased by 2.2%, though Nordstrom banner sales fell by 3%. Nordstrom Rack sales rose by 14.6%. Despite meeting 2023 guidance, the company's 2024 earnings outlook of $1.65 to $2.05 per share falls below the $2.05 estimate, with revenue expected to range from a 2% decline to 1% growth. Shares dropped 10.43% after-hours to $18.72.

Portfolio Pulse from Erica Kollmann

March 05, 2024 | 10:19 pm

FNV

Franco-Nevada (NYSE:FNV) reported Q4 adjusted EPS of $0.90, surpassing the $0.84 estimate, and sales of $303.30M, beating the $297.41M estimate. This represents a 4.65% increase in EPS and a 5.34% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:19 pm

ALNT

Allient (NASDAQ:ALNT) reported Q4 2023 adjusted EPS of $0.550, surpassing the $0.320 estimate, with sales of $140.997M also beating the $132.560M estimate, marking a 7.57% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:16 pm

OFIX

Orthofix Medical (NASDAQ:OFIX) reported Q4 earnings with a significant miss on EPS at $(0.59) versus the $(0.08) estimate, a 637.5% miss, and a 68.57% decrease from last year's $(0.35) per share. However, their quarterly sales of $200.41M exceeded estimates by 2.61%, marking a 63.97% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:13 pm

DIS

Disney CEO Bob Iger announced the construction of an 'Avatar-based land' at Disneyland Resort, California, during the Morgan Stanley Technology Media and Telecom Conference. This addition marks the second 'Avatar' experience across Disney parks, with more details promised soon. The announcement follows Disney's February 2023 earnings call where the experience was first revealed. Additionally, Disney's dividend yield is 1.05% as of March 5, 2024, and its shares closed down 0.72% at $112.87.

Portfolio Pulse from Erica Kollmann

March 05, 2024 | 10:12 pm

FANG

VNOM

Viper Energy's stock is trading lower following the announcement of a secondary common stock offering of 11,500,000 shares by its parent company, Diamondback Energy.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:12 pm

XRX

Xerox Holdings announced a $300 million notes offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:10 pm

NVEI

Nuvei forecasts Q1 revenue to be between $322M-$330M, surpassing the estimated $319.54M, and anticipates 2024 revenue to range from $1.34B-$1.38B, slightly below the $1.377B estimate. The company also projects a 15%-20% annual growth over the medium term.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:08 pm

AUMN

AUST

CLF

CMP

MP

MP Materials Corp. and Cleveland-Cliffs Inc. have increased their offerings, with MP Materials announcing a $650 million convertible notes offering and Cleveland-Cliffs upsizing to $825 million in senior unsecured notes. Austin Gold completed its initial drilling program, showing promising gold grades. Compass Minerals Intl. was downgraded by Loop Capital, and Golden Minerals Company announced the passing of a board member.

Portfolio Pulse from Austin DeNoce

March 05, 2024 | 10:07 pm

ODD

ODDITY Tech's shares have declined following the announcement of disappointing Q4 earnings per share (EPS) results and the issuance of a fiscal year 2024 EPS guidance that fell below analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:06 pm