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VSCO

Victoria's Secret & Co. shares are trading lower following the release of mixed Q4 financial results and the issuance of guidance. The company's performance and future outlook have impacted investor sentiment, leading to a decrease in stock price.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:11 pm

INFN

Infinera's shares are trading lower following the announcement of their preliminary Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:11 pm

LYT

Lytus Technologies shares are trading higher following the announcement of the launch of Lytus Cloud.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:10 pm

PMTS

CPI Card (NASDAQ:PMTS) reported Q4 earnings of $0.23 per share, missing the $0.32 estimate, and sales of $102.87M, missing the $104.70M estimate. This represents a significant decrease from the same period last year, with earnings down 78.3% and sales down 18.64%.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:07 pm

OPTN

OptiNose (NASDAQ:OPTN) reported Q4 GAAP EPS of $(0.09), meeting analyst consensus estimates and marking a 47.06% improvement over last year's $(0.17) per share. Quarterly sales reached $19.86M, surpassing the $19.23M estimate but showing a 4.75% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:05 pm

BILI

Bilibili shares are trading lower following the announcement of their Q4 results.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:03 pm

FL

Foot Locker Inc (NYSE:FL) reported Q4 earnings with a 2% year-on-year sales growth to $2.38 billion, surpassing the $2.28 billion analyst consensus. Adjusted EPS was 38 cents, beating the 32 cents consensus. Despite the upbeat results, FL expects a slower progress towards its EBIT margin target, now aiming for 2028, and forecasts FY24 sales growth of 1% to 3% with adjusted EPS of $1.50 to $1.70, below the consensus of $1.93. Following the report, FL shares dropped 29.4%, and analysts from Telsey Advisory Group, B of A Securities, and Guggenheim adjusted their price targets downwards.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 12:03 pm

BIG

Big Lots anticipates an improvement in Q1 comparable sales relative to Q4, expecting them to be in the mid-single digit negative range.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:03 pm

MEI

Methode Electronics announced the suspension of forward-looking guidance due to the recent CEO transition and various market and operational challenges. This decision reflects the company's current uncertainty about its future performance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:03 pm

MEI

Methode Electronics (NYSE:MEI) reported a significant miss in its Q3 earnings, with an adjusted EPS of $(0.33), missing the $0.09 estimate by 466.67%. Year-over-year, this represents a 161.11% decrease from an EPS of $0.54. Quarterly sales were $259.50M, missing the $287.80M estimate by 9.83%, and marking a 7.35% decrease from $280.10M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:01 pm