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GFS

GlobalFoundries projects its Q1 revenue to be between $1.50B and $1.54B, which is below the estimated $1.76B. Additionally, the adjusted EPS is expected to be in the range of $0.18 to $0.28, falling short of the $0.46 estimate.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 11:54 am

GFS

GLOBALFOUNDRIES (NASDAQ:GFS) reported Q4 adjusted EPS of $0.64, surpassing the $0.58 estimate, and sales of $1.85B, slightly above the $1.85B estimate. This represents a 55.56% decrease in EPS and an 11.76% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 11:51 am

GFS

GLOBALFOUNDRIES (NASDAQ:GFS) reported Q4 adjusted EPS of $0.64, surpassing the $0.58 estimate, and sales of $1.85B, slightly above the $1.85B estimate. This represents a 55.56% decrease in EPS and an 11.76% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 11:50 am

OGI

OrganiGram Holdings (NASDAQ:OGI) reported Q1 EPS of $(0.11), missing the $(0.09) estimate, and sales of $26.79M, missing the $28.00M estimate. This represents a 311.54% decrease in earnings and a 17.57% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 11:50 am

TM

Toyota Motor Corp (NYSE:TM) announced the resignation of Daihatsu Motor's president and chairman due to a scandal involving rigged collision safety tests. Masahiro Inoue will replace Soichiro Okudaira as president, and the chairman position will be abolished. Daihatsu, a subsidiary of Toyota, had previously suspended shipments of all its models due to the scandal, affecting 64 models and three engines. Toyota plans to compensate its 423 domestic suppliers in Japan for the production halt. Despite the scandal, Toyota's shares rose by 2.34% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 11:40 am

QQQ

SPY

TRIP

ZI

Wall Street is set for a weaker open as traders await the consumer price inflation report for January, with concerns over overbought levels and the Federal Reserve's rate trajectory. Fund manager Louis Navellier expects benign inflation numbers, highlighting shelter costs as a key component. U.S. stocks closed mixed on Monday, with the Dow re-entering record territory. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF saw premarket declines. Several companies, including ZoomInfo Technologies and Tripadvisor, moved on earnings news or strategic announcements.

Portfolio Pulse from Shanthi Rexaline

February 13, 2024 | 11:39 am

QSR

Restaurant Brands Intl (NYSE:QSR) reported Q4 adjusted EPS of $0.75, surpassing the $0.73 estimate, and sales of $1.82B, exceeding the $1.81B estimate. This represents a 4.17% increase in earnings and a 7.76% increase in sales over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 11:32 am

SITC

SITE Centers (NYSE:SITC) reported a decrease in Q4 FFO to $0.26 per share from $0.29 YoY and missed sales estimates with $123.16M against the expected $129.52M. This represents a 10.34% decrease in earnings and a 9.73% decrease in sales compared to the same period last year.

Portfolio Pulse from saritha@benzinga.com

February 13, 2024 | 11:32 am

HAS

Hasbro reported Q4 adjusted EPS of $0.38, missing the $0.66 estimate, and sales of $1.29B, missing the $1.36B estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 11:31 am

TRU

TransUnion has provided its FY24 outlook, projecting revenues to be between $3.96B and $4.02B, slightly above the $3.97B estimate. The adjusted EPS is expected to be between $3.57 and $3.74, significantly higher than the $3.26 estimate.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 11:29 am