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TU

TELUS (NYSE:TU) reported Q4 adjusted EPS of $0.18, missing the $0.23 estimate, and sales of $3.82B, missing the $5.24B estimate. This represents a 32.31% decrease in earnings and an 18.57% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:49 am

HOLO

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares dropped 27.87% in premarket trading on Friday after a significant surge of 1800% over the past two days, attributed to increased mentions on social media platforms and joining the Communications Industry Association. The company, which experienced a turbulent debut losing 80% of its market value, recently underwent a 1-for-10 reverse stock split to maintain Nasdaq compliance.

Portfolio Pulse from Nabaparna Bhattacharya

February 09, 2024 | 11:48 am

PLCE

Children's Place (PLCE) released its Q4 preliminary unaudited results, indicating sales of $454M-$456M, below the estimated $462.88M and prior guidance of $460M-$465M. The company expects an adjusted operating loss of 8%-9% of net sales, contrary to the previously guided 2%-3% operating income. This shift is attributed to lower merchandise margins due to aggressive promotions, higher e-commerce related split shipments, and increased inventory valuation adjustments. Year-end inventory is projected to be down 16%-20% from the previous year. Total liquidity as of February 3, 2024, is expected to be around $45 million, with a significant reduction in total indebtedness to approximately $277 million from $408 million in Q3 of fiscal 2023.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:42 am

ESNT

Essent Group (NYSE:ESNT) reported Q4 earnings of $1.64 per share, surpassing the $1.59 estimate, marking a 19.71% increase from last year. Sales reached $297.28M, exceeding the $286.18M estimate, a 29.23% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:32 am

EMBC

Embecta (NASDAQ:EMBC) reported Q1 adjusted EPS of $0.61, surpassing the $0.46 estimate, and sales of $277.30M, exceeding the $264.91M estimate. This represents a 36.46% decrease in EPS and a 0.58% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:31 am

MXC

Mexco Energy (AMEX:MXC) reported a significant decrease in both earnings per share and sales for Q3, with EPS down 71.43% to $0.16 from $0.56 YoY, and sales down 35.84% to $1.66M from $2.58M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:23 am

LCID

Gary Black, a Future Fund Managing Partner, criticized Lucid Group's (NASDAQ:LCID) pricing strategy, stating that advertising cannot compensate for a bad product or pricing strategy. Despite Lucid's advertising efforts, including winning the '2023 World Luxury Car Of The Year', its stock has been declining. Black contrasts Lucid's strategy unfavorably with Tesla, advocating for a balanced approach of advertising and pricing to boost sales without hurting margins. Lucid's stock has seen a significant drop, closing up 3.9% at $3.51 recently but down 15.4% year-to-date and nearly 66% over the past year.

Portfolio Pulse from Anan Ashraf

February 09, 2024 | 11:15 am

MTAL

Metals Acquisition Corp (MTAL) announced that its initial offering related to its ASX listing was oversubscribed and has been upsized to approximately A$325 million. This indicates strong investor interest and confidence in the company's prospects.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:06 am

DINO

HF Sinclair entered into a stock purchase agreement with REH Company on Feb 8, agreeing to a purchase price of $56.50 per share, totaling an aggregate purchase price of $60M.

Portfolio Pulse from Charles Gross

February 09, 2024 | 11:06 am

PEP

PepsiCo has updated its FY24 financial outlook, expecting at least a 4% increase in organic revenue and an 8% increase in core constant currency EPS. The company forecasts a core EPS of at least $8.15, surpassing the $8.14 estimate. It anticipates a core annual effective tax rate of 20%, total cash returns to shareholders of approximately $8.2 billion, including $7.2 billion in dividends and $1.0 billion in share repurchases. However, a 1-percentage-point foreign exchange translation headwind is expected to impact reported net revenue and core EPS growth.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:03 am