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SG

Sweetgreen shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:48 pm

WEN

Wendy's Co (NASDAQ:WEN) faced backlash over reports of implementing dynamic pricing, similar to surge pricing, leading to public outcry and criticism from Elizabeth Warren. The company clarified that it does not plan to raise prices during high demand periods, emphasizing that dynamic pricing will allow for competitive and flexible pricing without implementing surge pricing. The clarification comes after Wendy's announced testing digital menu boards and AI-enabled features by 2025, aiming to enhance customer experience without directly increasing prices during peak times.

Portfolio Pulse from Chris Katje

February 29, 2024 | 9:48 pm

TTEC

TTEC shares dropped following the announcement of mixed Q4 financial results and the issuance of Q1 and FY24 adjusted EPS and revenue guidance that fell below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:47 pm

ZYXI

Zynex shares are trading lower following the announcement of disappointing Q4 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:46 pm

INUV

Inuvo CEO Richard Howe expressed optimism about the company's future, stating that their sales pipeline is robust and the outlook for 2024 is promising.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:45 pm

TGLS

Tecnoglass (NYSE:TGLS) reported Q4 earnings, beating estimated EPS by 5.0% with an actual EPS of $0.8 versus the estimate of $0.76. However, revenue decreased by $16.52 million from the same period last year. In the previous quarter, the company also surpassed EPS estimates, which led to a 5.0% increase in share price the following day.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 9:45 pm

MTZ

MasTec (NYSE:MTZ) reported Q4 earnings with an EPS of $0.66, beating estimates by 50% and showing a significant revenue increase of $272 million from the previous year. This comes after a disappointing Q3 where they missed EPS estimates, resulting in an 18% share price drop. The company's past earnings performance shows variability in meeting EPS estimates but indicates a strong Q4 recovery.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 9:45 pm

FSR

Fisker Inc (NYSE:FSR) reported a significant increase in Q4 revenue to $200.1 million but also a net loss of $1.23 per share. The company produced 4,789 vehicles and delivered 3,818 in Q4. Despite challenges and a strategic shift to a Dealer Partner model, Fisker faces doubts about its ongoing viability, planning workforce reductions and seeking additional investments. Fisker aims for 20,000 to 22,000 vehicle sales in 2024, with negotiations for a potential large automaker investment ongoing.

Portfolio Pulse from Adam Eckert

February 29, 2024 | 9:45 pm

FSR

Fisker has revised its 2024 delivery forecast for the Ocean model to 20,000-22,000 units worldwide, with a more conservative outlook than 2023. The expected average selling prices (ASPs) are set between $56,000 and $62,000, accounting for import duties and dealer commissions.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:44 pm

MTZ

MasTec (NYSE:MTZ) reported Q4 2023 adjusted EPS of $0.660, surpassing the $0.440 estimate, with sales of $3.280B also beating the $3.263B estimate. This represents a 9.04% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:43 pm