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BELFA

Bel Fuse Inc. (BELFA) reported Q4 2023 adjusted EPS of $1.29, missing the $1.38 estimate, and sales of $140.01M, below the $150.50M estimate. This represents a 17.25% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:28 pm

FLJ

FLJ Group Limited has received a deficiency notice from NASDAQ, indicating that it has failed to meet the minimum listing requirements. This could potentially lead to delisting if the issues are not resolved.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:27 pm

CHRD

ERF

Chord Energy Corporation (CHRD) and Enerplus Corporation (ERF) announced a definitive arrangement to combine in an $11 billion transaction, creating a premier Williston Basin-focused E&P company. The combined entity will have 1.3 million net acres, 287,000 Boepd production in 4Q23, and is expected to generate significant free cash flow and shareholder returns. The deal, comprising 90% stock and 10% cash, will see Chord shareholders owning 67% and Enerplus shareholders 33% of the new company. The merger aims to enhance operating scale, drive returns, and achieve cost synergies up to $150 million annually, with a post-transaction return of capital at 75%+ of free cash flow.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:26 pm

BELFB

Bel Fuse Inc. (NASDAQ:BELFB) reported Q4 2023 adjusted EPS of $1.37, missing the $1.38 estimate, and sales of $140.01M, below the $150.50M estimate. This represents a 17.25% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:26 pm

BNBUSD

Binance Coin (BNB) saw a 5.5% increase, reaching a 21-month high, possibly due to Binance's announcement of its 47th project on its launchpool, Portal. The BNB Smart Chain reported record-breaking transaction volumes, with analysts predicting further growth, targeting a $400 price level.

Portfolio Pulse from Khyathi Dalal

February 21, 2024 | 10:26 pm

YHGJ

Yunhong Green CTI (NASDAQ:YHGJ) reported a Q4 EPS of $0.02, up from $(0.01) YoY, with sales increasing to $6.80M from $5.57M YoY, marking a 300% EPS increase and a 22.08% sales increase.

Portfolio Pulse from Happy Mohamed

February 21, 2024 | 10:25 pm

ERII

Energy Recovery, Inc. (NASDAQ:ERII) announced CFO Joshua Ballard will step down at the end of June 2024. The company is working with Korn Ferry to find his replacement. Ballard has been instrumental in the company's financial and operational growth since joining in 2018. The transition aims to maintain the company's momentum in diversifying beyond its core desalination business.

Portfolio Pulse from Happy Mohamed

February 21, 2024 | 10:19 pm

NVDA

Nvidia has disclosed in an SEC filing that its new 'Notice of Advanced Computing' process with U.S. regulators has not led to approvals for exporting controlled chips to China. This development could impact Nvidia's ability to sell its products in one of its key markets.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:18 pm

SNPS

Synopsys, Inc. (NASDAQ:SNPS) reported Q1 earnings of $3.56 per share, surpassing the consensus estimate of $3.43. Quarterly sales were $1.65 billion, aligning with expectations and marking a 21.16% increase from the previous year. The company's strong performance is attributed to AI-driven customer investments. Synopsys provided an optimistic outlook for Q2 and the full year, expecting earnings and revenue above analyst estimates. Shares rose 3.76% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 21, 2024 | 10:15 pm

FG

F&G Annuities & Life (NYSE:FG) reported Q4 earnings of $0.60 per share, missing the $1.05 estimate, a 45.45% decrease from last year. Sales were $1.61B, beating the $1.31B estimate, a 158.75% increase from last year.

Portfolio Pulse from Happy Mohamed

February 21, 2024 | 10:15 pm