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INTT

inTEST Corporation announced preliminary Q4 revenue of approximately $28.4M with EPS of $0.14 and forecasts Q1 revenue to be between $28M-$30M with EPS ranging from $0.08-$0.13. Additionally, the company has decided to reschedule its Q4 earnings release.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:17 pm

MTZ

MasTec projects a Q1 revenue of around $2.6B, missing estimates of $2.744B, and an adjusted EPS loss of approximately $(0.48), worse than the estimated $(0.20). The shortfall is attributed to seasonal slowness, project delays, and start-up costs.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:15 pm

SMHI

Seacor Marine Holdings (SMHI) reported Q4 earnings of $0.20 per share, surpassing the consensus estimate of $(0.49) by 140.82%. Sales reached $73.08M, beating estimates of $63.55M by 15%. This marks a significant improvement from the previous year, with a 140% increase in earnings and a 26.17% increase in sales.

Portfolio Pulse from Happy Mohamed

February 29, 2024 | 10:10 pm

NYCB

New York Community Bancorp Inc (NYSE:NYCB) shares plummeted in after-hours trading following the company's announcement of material weaknesses in internal controls and a leadership transition. The weaknesses, related to internal loan review, are due to ineffective oversight and monitoring. The company expects to report ineffective disclosure controls in its 2023 Form 10-K. Additionally, Alessandro DiNello has been appointed as president and CEO, replacing Thomas Cangemi, who remains on the board. This news follows a recent downgrade by Moody's and a significant share price drop.

Portfolio Pulse from Adam Eckert

February 29, 2024 | 10:06 pm

BRBR

BellRing Brands has announced a new share repurchase authorization of $300 million, signaling confidence in the company's financial health and future prospects. This move is likely to positively impact investor sentiment and could lead to an increase in the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:06 pm

ARIZ

FUFU

Arisz Acquisition Corp. (NASDAQ:ARIZ) has completed its business combination with BitFuFu, a leading company in the digital asset mining industry. The combined entity, BitFuFu Inc., will trade on Nasdaq under the ticker symbols 'FUFU' for Class A ordinary shares and 'FUFUW' for warrants, starting March 1, 2024. This merger, approved by shareholders of both companies, marks BitFuFu's entry into the public market, aiming to expand its global footprint and offerings in cloud-mining, self-mining, and miner hosting. The merger is supported by a $74M PIPE investment to accelerate BitFuFu's growth.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:06 pm

GIA

QTI

GigCapital5, Inc. (NASDAQ:GIA) and QT Imaging, Inc. have announced the completion of their business combination on March 4, 2024, with QT Imaging Holdings, Inc. expected to start trading on Nasdaq under the ticker 'QTI' on March 5, 2024. This marks GigCapital5's fifth business combination, leveraging QT Imaging's innovative medical imaging technology. QT Imaging, known for its advanced breast imaging system, is poised for growth in the healthcare market.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:04 pm

GRTS

Gritstone Bio announced a significant workforce reduction of approximately 40%, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:04 pm

CRDF

Cardiff Oncology's shares surged following the announcement of favorable Q4 financial outcomes, a positive update on the Phase 2 ONSEMBLE trial for RAS-mutated mCRC, and the initiation of dosing in a first-line RAS-mutated mCRC trial.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:03 pm

DNA

Ginkgo Bioworks Holdings (NYSE:DNA) reported Q4 earnings with a loss of $(0.11) per share, missing the $(0.10) estimate, and sales of $34.76M, missing the $42.50M estimate. This represents a 10% increase in losses and an 18.22% miss in sales estimates compared to the same period last year, alongside a 64.64% decrease in sales from $98.28M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:02 pm