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HPP

Hudson Pacific Properties (NYSE:HPP) reported a Q4 FFO Per Share Excluding Specified Items of $0.14, missing the $0.15 estimate, and sales of $223.42M, missing the $223.93M estimate. This represents a 71.43% decrease in FFO per share and a 17.23% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:03 pm

CGC

CRLBF

GTBIF

Piper Sandler's analyst Michael S. Lavery assigned Canopy Growth Corporation (CGC) an 'Underweight' rating, citing financial pressures and strategic challenges despite revenue outperformance in Q3 2024. CGC's focus on the Canadian cannabis market and strategic divestitures, like This Works, aim to stabilize finances. However, the Canopy USA deal's strategic benefits remain uncertain, facing competition from MSOs like Green Thumb Industries, Cresco Labs, and Curaleaf Holdings. Piper Sandler adjusted CGC's fiscal 2024 sales estimate downwards with a new price target of US$3.00.

Portfolio Pulse from Nicolás Jose Rodriguez

February 12, 2024 | 10:02 pm

EIS

Karim Ahmad Khan, an ICC prosecutor, expressed serious concerns about Israeli military operations in Rafah, warning of potential war crimes. The ICC is focusing on bringing justice for violations of the Rome Statute. This comes after an Israeli operation in Rafah resulted in the liberation of two hostages but also the deaths of numerous Palestinians. U.S. Secretary of State Antony Blinken emphasized the need for peace and security for both Israelis and Palestinians. Despite the conflict, Israeli stocks have not been materially affected, with the iShares MSCI Israel ETF (EIS) rising 0.3%.

Portfolio Pulse from Piero Cingari

February 12, 2024 | 9:58 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has experienced a significant surge in whale inflows, network activity, and buying interest, with a 2,595% increase in large holder inflows and a 7.3% price gain over the past week. Transaction volume and active accounts on Shibarium have also seen substantial growth. The burning rate of SHIB tokens increased by 75% in the last 24 hours, contributing to a reduced total supply. The Shibarium ecosystem is expanding, with new projects and tokens expected to be integrated soon, supported by infrastructure providers like NOWNodes.

Portfolio Pulse from Khyathi Dalal

February 12, 2024 | 9:57 pm

ASPN

Aspen Aerogels (ASPN) reported Q4 2023 earnings with a GAAP EPS of $(0.01), surpassing the $(0.12) estimate. Sales reached $84.22M, exceeding the $80.86M forecast, marking a 41.28% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:52 pm

MEDP

Medpace Holdings (MEDP) reported Q4 earnings of $2.46 per share, surpassing the $2.22 estimate, marking a 16.04% increase from last year. However, their Q4 sales of $498.40M slightly missed the $498.71M estimate, despite being a 26.47% increase from the previous year.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:49 pm

VNO

Vornado Realty Trust's shares saw an increase following the announcement of mixed financial results for Q4.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:49 pm

TSE

Trinseo reported Q4 earnings with a significant miss on both EPS and sales estimates. The EPS was $(2.99), missing the $(1.33) estimate by 124.81%, and sales were $837.50M, missing the $853.00M estimate by 1.82%. Year-over-year, this represents a 73.84% decrease in EPS and a 14.12% decrease in sales.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:47 pm

CAR

Avis Budget Group, Inc. (NASDAQ:CAR) reported mixed Q4 results, with earnings per share of $7.10, surpassing estimates but showing a decrease from the previous year. Quarterly sales of $2.76 billion missed estimates slightly and also decreased year-over-year. Despite this, the company highlighted record full-year revenue of $12 billion for 2023, driven by strong demand. Shares dropped 3.48% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 12, 2024 | 9:47 pm

BHF

Brighthouse Financial (BHF) reported Q4 2023 adjusted EPS of $2.92, missing the $3.69 estimate, and sales of $2.11B, below the $2.13B estimate. This represents a 13.35% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:46 pm