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OII

Oceaneering International (OII) reported Q4 2023 earnings of $0.19 per share, missing the $0.25 estimate, but sales of $654.63M exceeded the $627.44M estimate. Earnings per share increased by 216.67% and sales by 22.08% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:18 pm

AAOI

Applied Optoelectronics anticipates a significant decrease in its Q1 2024 adjusted EPS, forecasting a range of $(0.33)-$(0.28) compared to the $(0.01) estimate. Additionally, the company expects its revenue to be between $41M-$46M, which is substantially lower than the estimated $66.180M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:16 pm

LCAA

LOT

Lotus Technology Inc. ("Lotus Tech"), a global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ:LCAA) have completed their business combination, with Lotus Tech becoming a U.S-listed company under the ticker "LOT" on Nasdaq starting February 23, 2024. LCAA, now a wholly owned subsidiary of Lotus Tech, is expected to be delisted from Nasdaq. This marks a significant milestone for Lotus Tech in its Vision80 strategy for global sustainable luxury mobility. The company will ring the Nasdaq opening bell on February 23, 2024, to celebrate its public listing.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:15 pm

SWN

Southwestern Energy (NYSE:SWN) reported Q4 earnings of $0.17 per share, surpassing the $0.13 estimate, and sales of $1.69B, exceeding the $1.30B estimate. However, this represents a 34.62% decrease in earnings and a 49.94% decrease in sales from the same period last year.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:10 pm

LAW

CS DISCO projects its Q1 2024 revenue to be between $34.5M and $36.6M, which is below the estimated $36.736M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:10 pm

NU

Nu Holdings Ltd (NYSE:NU) reported a 57% increase in Q4 revenue year-over-year to $2.4 billion, with net income of $360.9 million. The company added 4.8 million customers, reaching 93.9 million. Deposits grew 38% to $23.7 billion. CEO David Vélez highlighted efforts towards surpassing 100 million customers in 2024, focusing on growth in Brazil, Mexico, and Colombia. Warren Buffett's Berkshire Hathaway maintains a stake in Nu Holdings. Post-earnings, NU shares dropped 5.31% in after-hours trading.

Portfolio Pulse from Adam Eckert

February 22, 2024 | 10:09 pm

ZKIN

ZK International Group Co., Ltd. (NASDAQ:ZKIN) received two notices from Nasdaq for not meeting the minimum bid price requirement and for not timely filing its annual report. The company has until August 13, 2024, to regain compliance with the minimum bid price requirement and to submit a plan to regain compliance for the late filing. Failure to meet these requirements could lead to delisting from the Nasdaq Capital Market.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:08 pm

AFCG

SUNS

AFC Gamma, Inc. (AFCG) announced a plan to spin-off its commercial real estate lending business into an independent company, Sunrise Realty Trust, Inc. (SUNS), expected to be completed in mid-2024. Post-separation, AFC Gamma will focus on the cannabis industry, while SUNS will concentrate on CRE in the southern U.S. The separation aims to allow both companies to pursue tailored growth strategies and attract suitable investors. SUNS will focus on CRE debt investments across various asset classes, aiming for diversified investment portfolios. The separation will involve a pro-rata distribution of SUNS' common stock to AFC Gamma's shareholders and a special cash dividend.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:06 pm

RMAX

RE/MAX projects its FY24 revenue to be between $300M-$320M, which is below the estimated $327.126M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:05 pm

KAMN

Kaman (NYSE:KAMN) reported Q4 earnings of $0.12 per share, missing the consensus estimate of $0.14, a 71.43% decrease from last year's $0.42. However, their quarterly sales of $203.10M exceeded the $195.77M estimate, marking a 3.02% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:05 pm