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ASLE

AerSale's shares dropped following the announcement of disappointing Q4 financial results, falling short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:58 pm

BKCC

TCPC

BlackRock TCP Capital Corp. (TCPC) and BlackRock Capital Investment Corporation (BKCC) announced shareholder approval for their merger, with over 90% support. The merger aims to leverage combined scale for investing in middle market companies, enhancing BlackRock's BDC platform and private credit offerings. The merged entity will be a subsidiary of TCPC, which will continue trading under the ticker TCPC on the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:57 pm

OPFI

OppFi (NYSE:OPFI) reported Q4 2023 adjusted EPS of $0.100, surpassing the $0.070 estimate, marking a 152.63% increase from the previous year. However, its sales of $132.924M fell short of the $135.433M estimate, though they were up 10.74% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:56 pm

GWRE

Guidewire Software's shares dropped following its announcement of Q2 revenue results that fell short of expectations. Additionally, the company's revenue guidance for Q3 and the full year 2024 were below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:56 pm

NCSM

NCS Multistage Holdings (NASDAQ:NCSM) reported Q4 earnings with a significant miss, having an EPS of $-0.36 against an estimate of $1.18. Revenue also decreased by $4.94 million from the previous year. This follows a pattern from the last quarter where the company missed EPS estimates, resulting in a 5.0% share price drop the following day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:55 pm

HCI

HCI Group (NYSE:HCI) reported Q4 earnings with an EPS of $3.22, surpassing estimates by 128% and marking a significant revenue increase of $42.73 million year-over-year. This follows a pattern of beating EPS estimates in previous quarters, with a notable 22% share price increase after last quarter's earnings beat.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:55 pm

CTOS

Custom Truck One Source (NYSE:CTOS) reported Q4 earnings with an EPS of $0.07, missing estimates by -36.0% against an expected $0.11. Revenue increased by $35.03 million from the previous year. Historically, a miss in EPS last quarter led to an 18.0% drop in share price the following day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:55 pm

CYT

Cyteir's common stock is scheduled for official delisting on or about March 28, 2024, following the filing of the Form 25 ten days prior.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:54 pm

CTOS

Custom Truck One Source (CTOS) reported Q4 2023 earnings of $0.070 per share, missing the $0.110 estimate by 36.36%, and a 46.15% decrease from last year. Sales were $521.754M, beating the $468.735M estimate by 11.31%, a 7.20% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:54 pm

CYT

Cyteir Therapeutics, Inc. (NASDAQ:CYT) announced its intent to delist its common stock from the Nasdaq Global Select Market, with trading suspension effective before the market opens on March 18, 2024. This move precedes the company's filing of a certificate of dissolution on March 20, 2024, and the closure of its stock transfer books. The official delisting is expected to be effective on March 28, 2024. This decision is part of Cyteir's Plan of Complete Liquidation and Dissolution, approved by its board and stockholders, due to the costs and burdens of being a publicly traded company amidst its planned dissolution.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:53 pm