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PATH

UiPath, Inc. (NYSE:PATH) reported Q4 earnings of 22 cents per share, surpassing the consensus estimate of 16 cents. Sales reached a record $405.253 million, beating estimates and marking a 31.34% year-over-year increase. This quarter marked UiPath's first as a GAAP profitable company. The company forecasts Q1 revenue between $330 million to $335 million, below the $347.851 million estimate, and FY 2025 revenue between $1.555 billion to $1.56 billion, above the $1.531 billion estimate.

Portfolio Pulse from Erica Kollmann

March 13, 2024 | 8:25 pm

AE

Adams Resources & Energy (AMEX:AE) reported Q4 earnings, beating estimated earnings by 138% with an EPS of $0.03 versus an estimate of $-0.08. However, revenue was down $37.97 million from the same period last year. In the previous quarter, the company missed EPS estimates, resulting in a 3.0% share price drop the next day.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:25 pm

AYRWF

JUSHF

MRMD

MSOS

MariMed Inc. (OTC:MRMD) reported a 48% increase in wholesale revenue for 2023, with projections of over 20% growth for 2024, despite its CY24 sales guidance being below expectations. The company trades at 4.6x EBITDA, below the MSO average of 7.3x. Analyst Pablo Zuanic maintains an Overweight rating on MRMD, citing strong wholesale growth and underutilized brand power, despite a 21% decrease in MRMD shares over the past 90 days. The MSOS ETF (NYSE:MSOS) has only 1% ownership in MariMed, compared to 10-14% for companies like Jushi (OTC: JUSHF) and AYR (OTC:AYRWF), contributing to MariMed's underperformance. Zuanic sees limited downside risk and potential for future gains, especially with strategic expansions.

Portfolio Pulse from Nicolás Jose Rodriguez

March 13, 2024 | 8:25 pm

LMB

Limbach Holdings (NASDAQ:LMB) reported Q4 earnings with an EPS of $0.44, beating estimates by 10.0% but with a revenue decrease of $792 thousand from the previous year. The company had previously beaten EPS estimates in Q3 2023, leading to an 18.0% share price increase the next day.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:25 pm

PATH

UiPath (NYSE:PATH) reported Q4 earnings with a 38.0% beat on estimated EPS, reporting $0.22 versus an estimate of $0.16. Revenue increased by $96.70 million from the same period last year. The company has a history of beating EPS estimates, leading to a share price increase of 27.0% the day after last quarter's earnings were announced.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:25 pm

HEAR

Turtle Beach (NASDAQ:HEAR) reported Q4 earnings with an EPS of $0.47, missing estimates by -22.0% against an expected $0.6. Revenue decreased by $1.36 million from the same period last year. In the previous quarter, the company beat EPS estimates which led to a 13.0% share price increase the next day. Historical performance shows mixed results in beating EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:25 pm

PATH

UiPath's stock price increased following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided FY25 revenue guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:21 pm

MDU

MDU Resources announced plans to spin off its construction services business, leading to two independent, publicly traded companies. The construction services group will rebrand to Everus Construction Group, with the spinoff expected to complete by late 2024.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:21 pm

AE

Adams Resources & Energy (AMEX:AE) reported Q4 2023 earnings of $0.03 per share, surpassing the $(0.09) estimate, marking a 133.33% beat and a significant improvement from last year's $(0.85) loss per share. Sales reached $709.751M, exceeding the $678.365M estimate by 4.63%, despite a 5.08% decrease from the previous year's $747.721M.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:20 pm

MOR

MorphoSys (NASDAQ:MOR) reported Q4 earnings with an EPS of $0.33, beating estimates by 267.0% but with a revenue decrease of $19.78 million from the previous year. Despite beating EPS estimates in past quarters, such as a $0.87 beat in Q3 2023, the share price dropped 11.0% the following day.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:20 pm