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BCOV

Brightcove has provided its financial outlook for FY24, expecting revenues to be between $195M-$198M, which is below the estimated $205.63M. Additionally, the company anticipates an adjusted EPS in the range of $(0.10)-$(0.05), contrary to the estimated $0.10.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:56 pm

RIOT

Riot Platforms (RIOT) reported FY23 revenue of $280.7M, missing the $288.433M estimate but showing improvement from $259.2M in FY22. The increase was driven by higher Bitcoin production and prices. RIOT earned $71.2M in power credits, produced 6,626 Bitcoin (up 19% YOY), and saw a net loss decrease to $49.5M from $509.6M in FY22. Non-GAAP Adjusted EBITDA was $214.0M, including a $184.7M gain on Bitcoin. The company also increased its hash rate capacity by 28% to 12.4 EH/s.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:56 pm

ALTR

Altair Engineering projects its Q1 2024 revenue to be between $167M and $170M, which is below the estimated $181.735M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:55 pm

VCYT

Veracyte (NASDAQ:VCYT) reported Q4 earnings with an EPS of $0.05, surpassing the estimated -$0.09, and revenue increased by $17.90 million year-over-year. Despite beating EPS estimates in the past, such as by $0.22 in Q3 2023, the share price dropped by 3.58% the following day.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 9:55 pm

RMAX

RE/MAX Holdings (NYSE:RMAX) reported Q4 earnings with an EPS of $0.3, beating estimates by 3.45% but with a revenue decrease of $4.67 million year-over-year. The company has a history of surpassing EPS estimates, which previously led to a share price increase.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 9:55 pm

NE

Noble Corp (NYSE:NE) reported Q4 earnings with an EPS of $0.39, missing the estimated $0.58 by 32.76%. Revenue increased by $20.14 million from the same period last year. In the previous quarter, the company exceeded EPS estimates, leading to a 5.1% share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 9:55 pm

SPXC

SPX Techs (NYSE:SPXC) reported Q4 earnings with an EPS of $1.25, missing estimates by 0.79% against an expected $1.26. Revenue increased by $40.10 million from the previous year. Despite beating EPS estimates in Q3 2023, the share price dropped by 0.64% the following day. The company has shown consistent revenue growth over the past four quarters.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 9:55 pm

RKT

Rocket Companies shares surged following the announcement of better-than-expected Q4 financial results and positive future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:55 pm

VCYT

Veracyte (NASDAQ:VCYT) reported Q4 2023 adjusted EPS of $0.05, surpassing the $(0.09) estimate, with sales of $98.20M exceeding the $91.96M forecast. This represents a 22.29% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:54 pm

ARDX

Ardelyx, Inc. (NASDAQ:ARDX) reported mixed Q4 results with earnings missing and revenue beating analyst estimates. The company reported a quarterly loss of 12 cents per share, missing the consensus estimate of a 10 cent loss. However, quarterly sales of $34.36 million exceeded estimates by 0.39% and showed a 22.22% decrease from the previous year. Ardelyx ended 2023 with $184.3 million in cash and investments. The company anticipates 2024 U.S. net product sales revenue for IBSRELA to be between $140 million and $150 million. After-hours, ARDX shares dropped 6.46% to $8.25.

Portfolio Pulse from Erica Kollmann

February 22, 2024 | 9:53 pm