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AAPL

QCOM

Qualcomm has extended its licensing agreement with Apple until March 2027, ensuring a continued partnership between the two tech giants for the next several years.

Portfolio Pulse from Charles Gross

January 31, 2024 | 9:54 pm

RKLB

Rocket Lab USA Inc (RKLB) shares dropped after announcing a private offering to raise $275 million through convertible senior notes due 2029. The proceeds will fund capped call transactions and repay part of its equipment financing. This follows preliminary Q4 results with expected revenues of $59-$61 million, gross margins of 24.8%-26.8%, and a net loss of $49-$52.5 million. The company's stock fell 2.61% and an additional 12.01% after hours.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 9:54 pm

SNCY

Sun Country Airlines projects its Q1 2024 revenue to be between $310M and $320M, which is in line with the estimated $311.889M by analysts.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:53 pm

VLCN

Volcon Inc. (VLCN) announced a 1-for-45 reverse stock split, causing its shares to trade lower. Reverse stock splits often signal that a company is attempting to boost its share price to meet exchange listing requirements or to improve perception, but can be viewed negatively by the market as it may indicate underlying issues with the company's value or performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:52 pm

SNCY

Sun Country Airlines (NASDAQ:SNCY) reported Q4 2023 earnings of $0.12 per share, surpassing the consensus estimate of $0.05 by 140%. However, their quarterly sales of $245.50 million fell short of the expected $248.21 million by 1.09%, despite being an 8.08% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:52 pm

EZPW

EZCORP's stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:51 pm

VLCN

Volcon, Inc. has announced a 1-for-45 reverse stock split. This corporate action is typically used by companies to boost their share price by reducing the number of shares outstanding, which can help them meet minimum price requirements for stock exchanges and improve investor perceptions. However, reverse splits do not change the company's overall market capitalization and can sometimes be viewed negatively as they may signal underlying issues with the company's performance or stock demand.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:49 pm

WOLF

Wolfspeed, Inc. (NYSE:WOLF) reported Q2 earnings with losses of 55 cents per share, beating estimates but showing a 400% increase in losses from the previous year. Revenue was $208.40 million, slightly above expectations but down 3.56% year-over-year. The company highlighted record design wins of $2.9 billion, mainly in the EV sector. Non-GAAP gross margin dropped to 16.4% from 35.8% last year. Q3 revenue is projected between $185 million and $215 million, with a non-GAAP net loss of $71 million to $87 million. The Mohawk Valley Fab's revenue increased threefold. Despite positive aspects, WOLF shares fell 4.73% after hours.

Portfolio Pulse from Ryan Gustafson

January 31, 2024 | 9:49 pm

UGI

UGI Corporation reported Q1 2024 adjusted earnings per share (EPS) of $1.20, surpassing the consensus estimate of $1.05 by 14.29%. However, their quarterly sales of $2.12 billion fell short of the expected $2.67 billion, marking a 20.53% miss and a 23.12% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:45 pm

GTIM

Good Times Restaurants reported a Q1 2024 EPS of $(0.05), a decrease from $(0.01) year-over-year. Revenue also decreased to $33.123M from $33.394M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:43 pm