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SOGP

Sound Group shares are trading higher following the announcement of launching new AI-powered applications for the international market.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:59 pm

PHIN

PHINIA shares have seen an increase in trading volume and price following the announcement of their Q4 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:54 pm

ROCK

Gibraltar Industries' shares dropped following a Q4 revenue miss, indicating weaker financial performance than expected.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:53 pm

GLBE

SHOP

Global-E Online Ltd. (NASDAQ:GLBE) reported a Q4 fiscal 2023 sales growth of 32.6% year-over-year to $185.40 million, surpassing expectations. The company's Gross Merchandise Value (GMV) increased by 42% Y/Y to $1.19 billion, and adjusted gross profit rose by 37% Y/Y to $79.12 million. Despite these positive results, GLBE's shares fell by 12% due to a lower-than-expected Q1 revenue forecast of $138.5 million-$145 million, below the consensus of $150.48 million. The company also renewed its strategic partnership with Shopify Inc. (NYSE:SHOP).

Portfolio Pulse from Akanksha Bakshi

February 21, 2024 | 3:53 pm

ABCL

AbCellera Biologics shares are trading lower following the announcement of mixed Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:52 pm

HCKT

The Hackett Group's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Subsequently, Craig-Hallum upgraded HCKT from Hold to Buy.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:51 pm

DKNG

PENN

DraftKings Inc (NASDAQ:DKNG) announced its Q4 financial results, increased 2024 guidance, and revealed a partnership with Barstool Sports following its re-acquisition by founder Dave Portnoy from PENN Entertainment (NASDAQ:PENN). This partnership, along with a new deal with LeBron James and the acquisition of Jackpocket, is poised to boost DraftKings' growth. The Jackpocket acquisition, expected to close in the second half of 2024, is anticipated to diversify DraftKings' portfolio and enhance customer acquisition, with significant revenue and EBITDA impact projected for 2026.

Portfolio Pulse from Chris Katje

February 21, 2024 | 3:51 pm

EXC

Exelon's shares surged following the announcement of its Q4 financial results, which exceeded expectations. Additionally, the company provided optimistic adjusted operating EPS guidance for FY24 and announced an increase in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:50 pm

WTTR

Select Water Solutions shares are trading higher following the announcement of mixed Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:50 pm

BYND

Beyond Meat Inc (NASDAQ:BYND) shares rose after announcing the fourth generation of its core beef platform, Beyond IV, featuring new Beyond Burger and Beyond Beef products. These products, developed with health experts, offer improved nutritional benefits with 60% less saturated fat and 20% less sodium. The company emphasizes plant-based nutrition that rivals traditional beef in taste and health benefits. Beyond Meat is set to report its Q4 financial results soon, with expectations of a loss and specific revenue figures.

Portfolio Pulse from Adam Eckert

February 21, 2024 | 3:49 pm