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PRPL

Purple Innovation's stock is up following the announcement of an improved balance sheet, providing more financial flexibility for growth. The company also reaffirmed its 2023 guidance.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:26 pm

AMD

ASML

GFS

INTC

MRVL

NVDA

NXPI

QCOM

TER

WDC

Cantor Fitzgerald's 2024 Outlook report for semiconductors, analyzed by C.J. Muse, indicates semiconductor revenues are currently below GDP trend but are expected to catch up and surpass it in 2024. The industry is set for a recovery, with an 18% growth projection for CY24, potentially exceeding 20%. Key growth areas include AI and Memory, with System-on-Chip companies playing a significant role. The SOX index has risen ~95% since its low in October 2022, and semiconductor fundamentals bottomed in Q2 2023, suggesting a strong year ahead for semiconductor stocks.

Portfolio Pulse from Surbhi Jain

January 23, 2024 | 9:26 pm

CNI

Canadian National Railway (NYSE:CNI) reported Q4 earnings with an EPS of $1.48, slightly above the estimate of $1.46, marking a 1.37% beat. However, revenue decreased by $97 million compared to the same period last year. In the previous quarter, a minor EPS beat was followed by a slight increase in share price.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:25 pm

TSLA

Tesla Inc. (TSLA) has entered a bear market with its stock value declining over 20% since December 28, 2023. The RSI indicates oversold conditions, which historically have been followed by upward trends. Analysts expect Q4 revenues of $25.76 billion, a 6% growth, but project a significant decline in EPS. Tesla's past earnings reports have led to mixed stock reactions, with the upcoming Q4 report potentially causing high volatility.

Portfolio Pulse from Piero Cingari

January 23, 2024 | 9:24 pm

BHB

Bar Harbor Bankshares (AMEX:BHB) reported Q4 earnings of $0.68 per share, surpassing the consensus estimate of $0.67. Sales reached $37.64M, also beating the estimate of $37.46M. However, both earnings and sales saw a decrease compared to the same period last year, with earnings down 18.07% and sales down 8.59%.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:22 pm

OGS

ONE Gas, Inc. has updated its 2023 earnings per share (EPS) guidance, narrowing the range from $4.06-$4.22 to $4.12-$4.16. This update is in comparison to the market estimate of $4.14 EPS.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:21 pm

OGS

ONE Gas, Inc. has announced an increase in its quarterly dividend from $0.65 to $0.66 per share, reflecting a commitment to providing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:20 pm

NBHC

National Bank Holdings (NYSE:NBHC) reported Q4 earnings with an EPS of $0.87, beating estimates by 6.1% but with a revenue decline of $1.97 million YoY. The company had previously beaten EPS estimates last quarter, resulting in a 4.73% stock price increase the following day. Historical earnings performance shows mixed results over the past four quarters.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:20 pm

LRN

Stride, Inc. (NYSE:LRN) reported Q2 earnings with an EPS of $1.54, surpassing the estimate of $1.31 by 17.56%. Revenue increased by $46.43 million compared to the same period last year. The company's stock price had previously risen by 18.02% following a positive earnings surprise last quarter.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:20 pm

WSBC

Wesbanco (NASDAQ:WSBC) reported Q4 earnings with an EPS of $0.55, missing estimates by 1.79% against the expected $0.56. Revenue declined by $12.12 million compared to the same period last year. Despite missing EPS estimates last quarter, WSBC's share price increased by 2.68% the following day.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:20 pm