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LGST

Semper Paratus Acquisition Corporation (NASDAQ:LGST, LGSTW) has filed a Prospectus Supplement to its definitive proxy statement/prospectus for an extraordinary general meeting to vote on a Business Combination with Tevogen Bio Inc. The merger will result in Semper Paratus de-registering from the Cayman Islands, redomesticating to Delaware, and renaming to Tevogen Bio Holdings Inc. The combined entity plans to list its common stock and public warrants on Nasdaq instead of NYSE American.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:30 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q4 earnings with a revenue of $25.17 billion, missing the consensus estimate of $25.62 billion. EPS was 71 cents, below the estimate of 74 cents. Automotive revenue increased by 1% YOY, and the Model Y was the best-selling vehicle globally in 2023. Operating margins decreased to 8.2%. Solar deployments were down 59% YOY, while energy storage increased by 30%. Annual production reached a 2 million vehicle run rate. Tesla ended Q4 with $29.1 billion in cash and anticipates slower growth in 2024 due to the next-gen vehicle launch. After the report, TSLA shares dropped 3% in after-hours trading.

Portfolio Pulse from Chris Katje

January 24, 2024 | 9:27 pm

AMSC

American Superconductor (NASDAQ:AMSC) exceeded analyst expectations for Q3, posting adjusted earnings of $0.03 per share against an estimated $(0.06), and sales of $39.35M surpassing the $34.00M forecast. These figures represent significant improvements from the previous year, with a 111.11% increase in earnings and a 64.79% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:26 pm

AMP

Ameriprise Financial reported Q4 sales of $3.99 billion, surpassing the estimated $3.88 billion, indicating a positive performance compared to market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:26 pm

IBM

IBM reported a strong Q4 performance with a 4% increase in revenue to $17.38 billion, surpassing the consensus estimate of $17.3 billion. Adjusted earnings were $3.87 per share, beating estimates of $3.78 per share. The growth was attributed to the adoption of hybrid cloud and AI offerings, with AI demand doubling from Q3 to Q4. IBM ended the quarter with $13.5 billion in cash and expects a mid-single digit revenue growth and about $12 billion in free cash flow for 2024. IBM shares rose 5.01% after hours to $182.64.

Portfolio Pulse from Adam Eckert

January 24, 2024 | 9:25 pm

ETD

Ethan Allen Interiors (NYSE:ETD) reported Q2 earnings with an EPS of $0.67, missing the estimate of $0.76 by 11.84%. Revenue also declined by $35.88 million compared to the same period last year. Following a previous earnings miss, the share price dropped by 9.31% the next day. Historical earnings performance shows variability in meeting EPS estimates.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:25 pm

RJF

Raymond James Financial (NYSE:RJF) reported Q1 earnings with an EPS of $2.4, beating estimates by 6.19% and showing a revenue increase of $224 million from the previous year. Despite missing EPS last quarter, RJF's share price increased by 4.98% the following day. Historical earnings data shows mixed results in meeting EPS estimates over the past four quarters.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:25 pm

SLG

SL Green Realty (NYSE:SLG) reported Q4 2023 earnings with an FFO of $0.72 per share, missing the consensus estimate of $0.91 by 20.88%. Quarterly sales were $131.93M, falling short of the $161.36M estimate by 18.24%, and representing a 23.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:25 pm

CACI

CACI International (NYSE:CACI) reported Q2 earnings with an EPS of $4.36, missing estimates by 2.46% against the expected $4.47. However, revenue increased by $185 million compared to the same period last year. Despite missing last quarter's EPS estimate by $0.19, CACI's share price increased by 1.55% the following day. Historical earnings and revenue figures were also provided for comparison.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:25 pm

COLB

Columbia Banking System (NASDAQ:COLB) reported Q4 adjusted earnings of $0.44 per share, significantly missing the consensus estimate of $0.79 by 44.3%. Year-over-year, earnings fell by 50% from $0.88 per share. Quarterly sales were $519.16M, also missing the estimate of $526.68M by 1.43%, despite a 173.21% increase from $190.02M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:23 pm