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RL

Ralph Lauren's inventory at the end of Q3 has decreased by 15% year-over-year, indicating a significant reduction in stock levels.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:05 pm

K

Kellogg (NYSE:K) reported Q4 sales of $3.17 billion, surpassing the analyst consensus estimate of $3.08 billion by 3.05%. However, this represents a 17.17% decrease from the $3.83 billion sales reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:03 pm

RBC

RBC Bearings reported Q3 2024 adjusted EPS of $1.85, missing the $1.96 estimate, and sales of $373.90M, below the $376.80M estimate. This represents a 6.33% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:02 pm

PATK

Patrick Industries (NASDAQ:PATK) reported Q4 earnings of $1.41 per share, surpassing the $1.35 estimate, and sales of $781.19M, exceeding the $774.96M estimate. However, this reflects a decrease from the previous year, with earnings down 16.07% and sales down 17.94%.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:02 pm

NSP

Insperity (NYSE:NSP) reported Q4 2023 earnings of $0.75 per share, surpassing the consensus estimate of $0.65 by 15.38%. Sales reached $1.60 billion, exceeding the $1.58 billion estimate and marking a 7.38% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:01 pm

BTU

Peabody Energy (NYSE:BTU) reported Q4 2023 adjusted EPS of $1.33, missing the $1.40 estimate, but sales of $1.24B exceeded the $1.23B estimate. This represents a 24.05% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:01 pm

AMD

ARM

META

MSFT

NVDA

PLTR

QQQ

U.S.-listed shares of Arm Holdings plc surged 20% in after-hours trading following forecast-beating Q3 results, amidst a broader tech rally. Gene Munster, co-founder of Deepwater Asset Management, dismissed concerns of an AI bubble, predicting a 3-5 year tech run. High-profile tech stocks like Microsoft, Meta Platforms, AMD, and Nvidia have seen significant gains. The AI revolution is considered to be in its early stages, with positive outlooks from analysts and the Invesco QQQ Trust also up 1.03%.

Portfolio Pulse from Shanthi Rexaline

February 08, 2024 | 12:57 pm

PCOR

SEER

ZM

Zoom Video Communications, Procore Technologies, and Seer have seen notable insider sales. Zoom's CEO sold shares ahead of Q4 financial results announcement. Procore's director sold shares after a price target upgrade. Seer's President and CFO sold shares before their Q4 financial results. Insider sales can indicate various strategic decisions but are not the sole indicator for investment decisions.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 12:56 pm

UCAR

U Power Limited (NASDAQ:UCAR) shares surged in the premarket session on Thursday following the appointment of Jean Christophe von Pfetten as an independent director and member of various committees, effective February 1, 2024. This comes after Bo Lyu's resignation and a significant share price drop over the last year. U Power received a Nasdaq compliance warning in January but also signed a memorandum with Cornerstone Technologie to develop a strategic business relationship, aiming to increase visibility for their battery swapping stations. UCAR shares rose by 47.95% to $0.0975 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 08, 2024 | 12:55 pm

UAA

Under Armour's stock is trading higher following the announcement of their third-quarter financial results, which surpassed expectations. Additionally, the company provided earnings per share (EPS) guidance that exceeded analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:48 pm