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AVGO

Broadcom, Inc. (NASDAQ:AVGO) reported Q1 earnings of $10.99 per share, surpassing the consensus estimate of $10.29, and sales of $11.96 billion, beating the $11.71 billion estimate. The company saw a 34.16% year-over-year sales increase and reported $4.693 billion in free cash flow. Broadcom's revenue growth is driven by its VMware acquisition and strong demand for networking products in AI data centers. Despite this, Broadcom's shares dropped 3.34% after-hours following the announcement of its fiscal year 2024 revenue guidance, which, at approximately $50 billion, slightly missed the $50.21 billion estimate.

Portfolio Pulse from Erica Kollmann

March 07, 2024 | 9:44 pm

PBPB

Potbelly Corporation projects its FY24 same-store sales to grow in the low to mid-single digit range.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:43 pm

AOUT

American Outdoor Brands projects that its FY24 net sales could surpass FY23 net sales by up to 3.5%, indicating a positive outlook for the company's financial performance in the upcoming fiscal year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:43 pm

PBPB

Potbelly Corporation forecasts its Q1 2024 same-store sales to range from a slight decrease of 0.25% to a modest increase of 0.5%.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:42 pm

NEPH

Nephros reported Q4 2023 GAAP EPS of $(0.060), missing the $(0.030) estimate, with sales of $3.300M also missing the $3.813M estimate. This represents a 29.01% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:42 pm

NX

Quanex Building Products (NX) reported Q1 2024 adjusted EPS of $0.180, surpassing the $0.110 estimate, with sales of $239.155M also beating the $231.428M estimate. However, this represents an 8.69% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:42 pm

IGMS

IGM Biosciences reported Q4 earnings with a loss of $(1.01) per share, slightly better than the expected $(1.03), and sales of $651K, missing the $700K estimate. This represents a 15.13% improvement in losses and a 75% increase in sales year-over-year.

Portfolio Pulse from Happy Mohamed

March 07, 2024 | 9:41 pm

RBT

Rubicon Technologies (NYSE:RBT) reported Q4 earnings with an EPS of $-0.34, beating estimates by 19.0% and showing a revenue increase of $4.67 million from the previous year. Despite past earnings beats, the company experienced an 18.0% share price drop the day after last quarter's results were announced.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:40 pm

SDPI

Superior Drilling Products (SDPI) reported Q4 sales of $4.273M, missing the consensus estimate of $5.600M by 23.70%, and marking an 18.67% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:40 pm

GRNT

Granite Ridge Resources (NYSE:GRNT) reported its Q4 earnings, missing estimated earnings by 0.0% with an EPS of $0.2, matching the estimate. Revenue decreased by $9.54 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 1.0% the following day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:40 pm