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PCG

Pacific Gas & Electric (PCG) has increased its adjusted earnings per share (EPS) forecast for fiscal year 2024 to a range of $1.33 to $1.37, up from the previous estimate of $1.31 to $1.35. This new forecast is compared against an analyst consensus estimate of $1.35.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:15 am

LCID

RIVN

Rivian Automotive and Lucid Group saw their stock prices plummet in premarket trading following disappointing earnings reports. Rivian missed production targets and announced a workforce reduction, while Lucid missed revenue expectations and provided weak delivery guidance.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 11:14 am

GRAB

Grab Holdings (NASDAQ:GRAB) reported Q4 GAAP EPS of $0.01, surpassing the $(0.01) estimate, marking a 200% beat and a 110% increase from last year's $(0.10) per share loss. Quarterly sales reached $653M, exceeding the $628.98M estimate by 3.82% and showing a 30.08% increase from the previous year's $502M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:13 am

ACRE

Ares Commercial Real Estate (ACRE) reported Q4 adjusted earnings of $0.20 per share, surpassing the $(0.01) estimate by 2100%, but saw a 54.55% decrease from last year's $0.44. Sales were $17.55M, missing the $23.89M estimate by 26.54%, and marking a 42.28% decrease from last year's $30.41M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:13 am

EQ

Equillium received a letter from the Nasdaq Stock Market on February 21, 2024, indicating that it has regained compliance with the Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:12 am

LKQ

LKQ Corporation reported Q4 adjusted earnings of $0.84 per share, surpassing the consensus estimate of $0.76, marking a 7.69% year-over-year increase. However, their quarterly sales of $3.50 billion slightly missed the estimate of $3.51 billion, despite being a 16.66% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:03 am

ENOV

Enovis reported Q4 adjusted EPS of $0.79, surpassing the $0.74 estimate, and sales of $455.02M, exceeding the $445.36M estimate. This represents a 9.72% increase in earnings and an 11.33% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:01 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares surged in premarket trading following a stellar quarterly performance, sparking speculation it could reach a $2 trillion market cap. The rally is attributed to Nvidia's leadership in AI technology. KeyBanc Capital Markets raised Nvidia's price target from $740 to $1,100, indicating a 63% upside potential. The company's first-quarter revenue guidance of $24 billion exceeded expectations, driven by strong Data Center revenue and demand for the H100 platform and InfiniBand. Analyst John Vinh remains optimistic about Nvidia's growth, particularly in the Data Center and Pro Viz segments.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 10:59 am

NICE

NICE has projected its Q1 Non-GAAP total revenues to be between $650M-$660M, surpassing the estimated $643.57M. Additionally, its Non-GAAP EPS is expected to be in the range of $2.40-$2.50, exceeding the forecast of $2.31.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:38 am

SEI

SOL

'Solana Killer' Sei (CRYPTO: SEI) has seen a significant rise of 55% in 2024, outperforming Solana (CRYPTO: SOL), which increased by 2%. Meme coins on both networks, like BONK and SEIYAN, have also seen substantial rallies. The Sei Network, a Layer 1 blockchain within the Cosmos ecosystem, achieved over $1 billion in trading volume shortly after its debut in August 2023.

Portfolio Pulse from Mehab Qureshi

February 22, 2024 | 10:35 am