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LYT

Trading for LYT was halted and then resumed at 8:55 AM ET, following an update on its status.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:55 pm

LUNR

Intuitive Machines' shares surged following the successful landing of its Odysseus spacecraft on the Moon, marking a significant achievement for the company.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:52 pm

FMX

Fomento Economico (FMX) reported Q4 adjusted EPS of $1.46, missing the $1.61 estimate, and sales of $10.82B, below the $11.66B estimate. This represents a 15.61% decrease in EPS and a 13.99% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:51 pm

H

Hyatt Hotels (NYSE:H) reported Q4 earnings of $0.64 per share, surpassing the $0.39 estimate, a 64.1% beat. However, this represents a 74.9% decrease from last year's $2.55 per share. Q4 sales were $1.66 billion, exceeding the $1.60 billion estimate by 3.75% and marking a 4.53% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:51 pm

EOG

EOG Resources Inc (NYSE:EOG) shares fell in premarket trading after announcing Q4 FY23 results. Despite beating revenue expectations with $6.36 billion and reporting higher production across all segments, the stock declined. The company also announced a quarterly dividend of $0.91 per share and a $300 million share repurchase. CEO Ezra Yacob highlighted successful management and cost reduction strategies. EOG provided an optimistic outlook for FY24, with increased production volumes and a projected expenditure of $6.0-$6.4 billion.

Portfolio Pulse from Lekha Gupta

February 23, 2024 | 1:50 pm

ZM

Zoom Video Communications (NASDAQ:ZM) has seen a 15% decline in stock price over the past year and 13.6% this year, now trading at a forward P/E of 12.56, below the sector median. JPMorgan analyst Mark R. Murphy rates ZM as Neutral with a $83 price target, indicating a 33.69% upside. Despite post-pandemic growth slowdown, Zoom's expansion into new services and a strong market position suggest an undervalued stock with over 30% upside potential. However, potential M&A activity introduces uncertainty.

Portfolio Pulse from Surbhi Jain

February 23, 2024 | 1:49 pm

SQNS

Sequans Communications' stock price dropped following the announcement by Renesas that it has terminated the Memorandum of Understanding (MOU) for the proposed acquisition of Sequans Communications.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:49 pm

AAOI

Applied Optoelectronics' shares dropped after reporting Q4 results and future guidance. B. Riley Securities downgraded the stock from Buy to Neutral and reduced the price target from $22 to $16.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:44 pm

DSX

Diana Shipping (NYSE:DSX) reported Q4 GAAP EPS of $0.06, surpassing the $0.04 estimate, with sales of $60.02M exceeding the $58.75M forecast. However, this represents a 77.78% decrease in earnings and a 20.72% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:43 pm

NU

Nu Holdings shares are trading lower following the release of mixed Q4 financial results, indicating a mixed performance that has impacted investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:39 pm