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FRGT

Fr8Tech announced it has regained compliance with Nasdaq's minimum bid price listing rule, indicating its stock price has met the required threshold.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:40 am

DAN

Dana Incorporated (NYSE:DAN) announced its plan to sell its European hydraulics business to HPI Group, aiming to streamline its portfolio and focus on industrial system sales. The deal includes operations in Italy, France, and Germany, and is expected to close in the first half of 2024, pending regulatory approvals. This unit generated approximately $90 million in sales last year. Dana reported Q4 sales of $2.494 billion, missing expectations, and forecasts FY24 sales between $10.65 billion and $11.15 billion.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 11:40 am

WWW

Wolverine World Wide provided its fiscal year 2024 revenue and adjusted EPS forecasts, which are both below analysts' estimates. The company expects FY24 revenue to be between $1.70 billion and $1.75 billion, compared to the estimated $1.95 billion. Additionally, Wolverine projects its FY24 adjusted EPS to range from $0.65 to $0.85, versus the $0.85 estimate.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:38 am

NI

NiSource (NYSE:NI) reported Q4 adjusted EPS of $0.53, missing the $0.54 estimate, and sales of $1.42B, missing the $1.70B estimate. This represents a 6% increase in EPS and a 16.60% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:36 am

MTLS

Materialise (NASDAQ:MTLS) reported Q4 earnings with a loss of $(0.01) per share, missing the consensus estimate of $0.06. However, their quarterly sales of $72.15M exceeded the estimate of $66.10M, marking a 7.88% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:35 am

DINO

HF Sinclair's stock traded lower due to mixed Q4 financial results, indicating a mixed performance that could influence investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:32 am

PLAB

Photronics (NASDAQ:PLAB) reported Q1 adjusted EPS of $0.48, missing the consensus estimate of $0.49, and sales of $216.33M, missing the $220.00M estimate. This represents a 20% increase in earnings and a 2.48% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:32 am

DINO

HF Sinclair (NYSE:DINO) reported Q4 2023 adjusted EPS of $0.87, surpassing the $0.72 estimate, but its sales of $7.66B fell short of the $8.05B estimate, marking a 14.75% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:31 am

GD

General Dynamics Corporation (NYSE:GD) announced that its unit, General Dynamics European Land Systems – Steyr (GDELS), has won a contract to supply 225 PANDUR 6x6 EVO wheeled armored vehicles to the Austrian Armed Forces, valued at approximately $1.3 billion. This contract adds to an existing agreement for 100 PANDUR EVO vehicles. As of the end of December 2023, General Dynamics reported long-term debt of $8.754 billion and cash equivalents of $1.913 billion. The PANDUR EVO 6x6 is produced in Vienna and has been in service since 1996. The order includes various vehicle variants for different military tasks.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 11:27 am

OGE

OGE Energy reported Q4 earnings of $0.24 per share, surpassing the analyst consensus estimate of $0.20 by 20%. However, this represents a 4% decrease from the previous year's earnings of $0.25 per share. Sales for the quarter were $566.70M, a decline from $711.90M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:26 am