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NPO

EnPro Industries (NPO) reported Q4 2023 adjusted EPS of $1.19, missing the $1.44 estimate, and sales of $249.10M, missing the $263.70M estimate. This represents an 8.39% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:31 am

SSRM

RBC Capital analyst Michael Siperco downgraded SSR Mining (NASDAQ:SSRM) from Sector Perform to Underperform and reduced the price target from $6 to $3, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:26 am

BHP

BHP Group Ltd (NYSE:BHP) shares fell in premarket trading after reporting its half-year results for the period ended December 31, 2023. Revenue increased by 6% Y/Y to $27.2 billion, driven by higher iron ore and copper prices and contributions from new mines. However, unit costs rose by 5.4%, and iron ore production decreased by 2% Y/Y. Underlying EBITDA grew by 5% Y/Y to $13.9 billion, with a slight decrease in margin. The company declared an interim dividend of $0.72 per share and maintains its capital and exploration expenditure forecast for FY24 and FY25.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 11:17 am

ACAC

Acri Capital Acquisition Corp (NASDAQ:ACAC) and Foxx Development Inc. announced a $50M SPAC merger, aiming to list the Combined Company on Nasdaq. The deal includes an escrow account for Foxx Stockholders, contingent on FCC program funding, and additional shares based on future financial milestones. Post-merger, Acri stockholders will own 51.98% and Foxx Stockholders 48.02% of the Combined Company, with potential adjustments based on Acri's public stockholder redemptions.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:16 am

JBLU

Deutsche Bank analyst Michael Linenberg upgraded JetBlue Airways (NASDAQ:JBLU) from Hold to Buy and increased the price target from $4 to $9.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:15 am

TPH

Tri Pointe Homes (NYSE:TPH) reported Q4 earnings with an EPS of $1.36, beating estimates by 15.25% but with a revenue decrease of $262M from the previous year. Past quarters show a pattern of beating EPS estimates but mixed revenue results.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:15 am

TPH

Tri Pointe Homes (TPH) reported a significant increase in Q4 net new home orders by 143% YoY to 1,078, with backlog units also rising by 58% to 2,320. The average number of active selling communities increased by 16%, and the net new home orders per average selling community surged by 109%. The cancellation rate improved dramatically from 42% to 12%. The dollar value of the backlog at quarter end rose to $1.6 billion, a 38% increase, although the average sales price in the backlog decreased by 12% to $695,000.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:13 am

AWI

Armstrong World Industries projects its 2024 revenue to be between $1.335B and $1.375B, slightly above the consensus of $1.33B. The company also forecasts its adjusted EPS to range from $5.60 to $5.90, closely aligning with the consensus estimate of $5.61.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:10 am

FRSH

Wolfe Research analyst Alex Zukin has upgraded Freshworks (NASDAQ:FRSH) from Peer Perform to Outperform, setting a new price target of $27.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:06 am

MD

Pediatrix Medical Group (NYSE:MD) reported Q4 earnings with an EPS of $0.32, meeting estimates. However, revenue decreased by $17.40 million compared to the same period last year. Despite missing EPS estimates last quarter, the share price increased by 0.1% the following day. Historical earnings performance shows mixed results over the past year.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:05 am