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Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:19 pm

SWI

SolarWinds Corp (NYSE:SWI) stock rose after reporting Q4 FY23 revenue of $198.14 million, surpassing the consensus of $190.44 million, with a 6% year-on-year growth. Adjusted EPS was $0.24, beating the consensus of $0.21. Subscription revenue increased by 36.3% Y/Y, while License revenue declined by 31.5%. The company also provided an optimistic outlook for Q1 and FY24, expecting revenues and adjusted EPS to meet or exceed consensus estimates. Shares traded 4.83% higher at $13.03 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 2:15 pm

CTRM

Castor Maritime (NASDAQ:CTRM) reported a significant decrease in both earnings per share and sales for Q4, with EPS down 69.44% to $0.11 from $0.36 YoY, and sales down 15.65% to $26.40M from $31.30M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:12 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) shares dropped following the release of its Q4 results, despite beating revenue and EPS estimates. The company reported a 15% increase in total payment volumes and a 13% rise in payment transactions. However, total active accounts decreased by 2%. PayPal expects a 6.5% revenue increase in Q1 and full-year 2024 adjusted earnings to match 2023's, contrary to analysts' higher expectations. The company is focusing on transformation and execution for long-term success.

Portfolio Pulse from Adam Eckert

February 08, 2024 | 2:05 pm

NVVE

Nuvve Holding Corp. (NVVE), a green energy technology company specializing in vehicle-to-grid (V2G) technology, announced it has regained compliance with the Nasdaq minimum bid price rule. The company's stock had a closing bid price of $1.00 or greater for 10 consecutive business days, from January 22, 2023, to February 2, 2024, meeting the Nasdaq Listing Rule 5550(a)(2) requirements.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:04 pm

PYPL

Paypal's stock price declined following the announcement of its Q4 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:02 pm

SONO

TDG

TMO

WST

TransDigm, Sonos, Thermo Fisher Scientific, and West Pharmaceutical were featured on CNBC's 'Final Trades'. TransDigm is expected to report increased earnings, while Sonos exceeded first-quarter financial expectations. Thermo Fisher's revenue beat consensus despite a year-on-year decline, and West Pharmaceutical is anticipated to release its financial results soon. Shares of these companies saw varied movements, with Sonos experiencing a significant jump.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 2:01 pm

COOP

Mr. Cooper Gr (NASDAQ:COOP) is expected to report quarterly earnings on February 9, 2024, with an estimated EPS of $1.33. Historically, the company has surpassed EPS estimates, leading to positive stock price movements. Shares have increased by 47.38% over the last 52 weeks, indicating strong long-term shareholder returns. Investors will be keenly watching for both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 2:01 pm

OWL

Blue Owl Cap (NYSE:OWL) is scheduled to release its quarterly earnings report on February 9, 2024, with an expected EPS of $0.17. Analysts and investors are keen on not just the earnings beat but also the company's guidance for future growth. Despite a miss in the last quarter's EPS estimate, the stock price increased by 6.59% the following day. Historically, Blue Owl Cap's stock performance post-earnings has shown positive trends, with a 27.15% increase over the last 52 weeks. The stock was trading at $16.14 as of February 6.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 2:01 pm

CTLT

Catalent (NYSE:CTLT) is scheduled to release its quarterly earnings report on February 9, 2024, with analysts expecting an EPS of $-0.02. The company's past earnings performance shows a mix of beats and misses, with the share price reacting variably. Shares are currently trading at $56.5, down 20.03% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 2:01 pm