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ORLY

O'Reilly Automotive's shares dropped following the announcement of disappointing Q4 sales and FY24 EPS guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:27 pm

NIO

TSLA

Huawei Technologies Co plans to install 100,000 superfast EV charging stations across China by 2024, aiming to outpace Tesla Inc in the EV sector. These chargers, with 600kW power efficiency, surpass Tesla's 250kW superchargers and are universally compatible with all EVs, including Tesla's. This move could intensify competition in the auto market and challenge Tesla's dominance in the EV charging domain. Tesla's shares traded higher by 1.19% at $189.81 premarket on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 2:26 pm

FOX

FOXA

Fox Corporation (NASDAQ:FOX) (NASDAQ:FOXA) reported Q2 2023 revenues of $4.23 billion, slightly down from $4.61 billion a year ago but beating the consensus of $4.21 billion. Adjusted net income was $165 million, surpassing the consensus of 11 cents per share. Affiliate fee revenues grew by 4%, with the Television segment seeing a 10% increase. Despite these results, Fox shares fell 6.5% to close at $27.44. Analysts from Wells Fargo and Macquarie revised their price targets for Fox following the earnings report.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 2:26 pm

UAA

Under Armour's executive announced during a conference call that the company's North America revenue is expected to decline at a high single-digit rate, revising the previous forecast of a 5%-7% decline.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:25 pm

AZN

AstraZeneca's stock price has declined following the announcement of their Q4 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:24 pm

ABVC

ABVC BioPharma has completed the acquisition of land valued at $2.96 million in Asia. The deal involved an equity transfer priced at $3.50 per share.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:21 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) reported Q4 FY23 revenue of $9.94 billion, a 15% increase year-on-year, surpassing the consensus of $9.76 billion. GAAP EPS was 29 cents, beating the 17 cents consensus. Revenue growth was seen across Mobility (34% increase to $5.54 billion), Delivery (6% increase to $3.12 billion), while Freight revenue fell by 17% to $1.28 billion. Gross Bookings grew 22% to $37.58 billion. Uber anticipates Q1 gross bookings between $37.0 billion and $38.5 billion, with adjusted EBITDA of $1.26 billion to $1.34 billion. Following the report, Uber shares rose 2% to $645.41, and analysts from Needham, JP Morgan, and Roth MKM raised their price targets on Uber.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 2:20 pm

ALLY

CRTO

DFS

DIS

EMR

IEX

MEOH

PAYC

RBLX

SPR

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Emerson Electric, Paycom Software, Roblox Corporation, The Walt Disney Company, IDEX Corporation, Methanex Corporation, Ally Financial, Spirit AeroSystems Holdings, Criteo S.A., and Discover Financial Services. These updates reflect analysts' optimism or neutrality towards these stocks, with specific price target adjustments and rating changes indicating expected stock performance.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 2:19 pm

AAPL

AIA

ARM

BABA

DAY

DIS

NVDA

PLTR

PYPL

TSLA

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:19 pm

SWI

SolarWinds Corp (NYSE:SWI) stock rose after reporting Q4 FY23 revenue of $198.14 million, surpassing the consensus of $190.44 million, with a 6% year-on-year growth. Adjusted EPS was $0.24, beating the consensus of $0.21. Subscription revenue increased by 36.3% Y/Y, while License revenue declined by 31.5%. The company also provided an optimistic outlook for Q1 and FY24, expecting revenues and adjusted EPS to meet or exceed consensus estimates. Shares traded 4.83% higher at $13.03 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 2:15 pm