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RXO

RXO reported Q4 2023 adjusted EPS of $0.06, surpassing the $0.04 estimate, but its sales of $978M fell short of the $996.36M forecast, marking a 12.68% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:33 am

ZBH

Zimmer Biomet Holdings (ZBH) reported Q4 earnings of $2.20 per share, surpassing the $2.15 estimate, marking a 17.02% increase from last year. Sales reached $1.94B, exceeding the $1.93B estimate, a 6.31% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:32 am

DT

Dynatrace (NYSE:DT) reported Q3 adjusted EPS of $0.32, surpassing the $0.28 estimate, and sales of $365.10M, exceeding the $358.06M estimate. This represents a 28% increase in EPS and a 22.74% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:31 am

SNA

Snap-on (NYSE:SNA) reported Q4 earnings of $4.75 per share, surpassing the $4.66 estimate, marking a 7.47% year-over-year increase. However, its $1.20B sales missed the $1.20B estimate slightly by 0.25%, though it's a 3.55% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:31 am

UL

Unilever PLC (NYSE:UL) shares rose after reporting a 7.0% underlying sales growth in FY23, driven by a 6.8% price increase and a 0.2% rise in volume. Despite a 0.8% Y/Y turnover decrease to €59.6 billion, the company saw growth across most segments, with a notable increase in gross margin and underlying operating profit. Unilever also announced a new €1.5 billion share buyback program for FY24 and expects FY24 sales growth of 3% to 5% with a modest improvement in underlying operating margin.

Portfolio Pulse from Lekha Gupta

February 08, 2024 | 11:28 am

AXS

DC

RBB

Insiders at RBB Bancorp, AXIS Capital Holdings, and Dakota Gold have recently made significant stock purchases, signaling their confidence in the companies' prospects. RBB Bancorp and AXIS Capital Holdings reported better-than-expected fourth-quarter results, while Dakota Gold's stock has seen a decline over the past month.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 11:28 am

LYFT

UBER

Wedbush analysts have increased their price target on Uber Technologies Inc (UBER) from $67 to $78, maintaining an 'outperform' rating after the company reported a strong fourth-quarter performance and provided an optimistic earnings forecast for Q1 2024. Uber's Q4 adjusted EBITDA was $1.3 billion with total revenue of $9.9 billion, exceeding consensus estimates. The company anticipates 18-22% year-on-year booking growth and adjusted EBITDA between $1.26 billion and $1.34 billion for Q1 2024. Analyst Dan Ives praised Uber's turnaround and market share gains, contrasting it with Lyft's performance.

Portfolio Pulse from Anan Ashraf

February 08, 2024 | 11:27 am

ARES

Ares Management reported Q4 sales of $703.49M, which fell short of the expected $864.54M estimate. This underperformance could signal potential concerns for investors regarding the company's revenue generation capabilities in the near term.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:17 am

DUK

Duke Energy reported Q4 adjusted EPS of $1.51, missing the $1.54 estimate, and sales of $7.21B, missing the $7.49B estimate. This represents a 36.04% increase in earnings but a 1.89% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:09 am

HAE

Haemonetics has updated its sales growth expectations, now anticipating a 10%-12% increase in both reported and organic sales, up from the previously expected 8%-10% growth. This revision indicates a positive outlook for the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:08 am