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OXY

Occidental Petroleum Corporation (OXY) announced that its oil production in the U.S. Gulf of Mexico will be impacted into March due to a third-party outage, as reported by Reuters during a webcast.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:22 pm

UPWK

Upwork, Inc. (NASDAQ:UPWK) reported strong Q4 results, surpassing analyst estimates for earnings and sales. The company's earnings were 20 cents per share against an expected 17 cents, with sales at $183.9 million versus the anticipated $178.16 million. Upwork's optimistic outlook for Q1 and full-year 2024, including higher earnings and revenue forecasts, was also highlighted. Despite this, UPWK shares fell 7.2% following the announcement. Analysts from Needham and RBC Capital raised their price targets for Upwork, reflecting confidence in its growth trajectory.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 6:20 pm

HLF

Herbalife Ltd. (NYSE:HLF) shares plummeted by approximately 36% due to disappointing quarterly earnings, missing market expectations. The article also highlights significant movements in other stocks during Thursday's mid-day session, including notable gainers like JX Luxventure Limited and losers such as Treasure Global Inc.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 6:20 pm

WST

West Pharmaceutical Services Inc. (WST) reported a Q4 2023 adjusted EPS of $1.83, surpassing estimates but with sales slightly missing expectations. The company provided a cautious 2024 outlook, forecasting lower sales and EPS than consensus estimates, attributing this to moderated organic sales growth and inventory management challenges. Despite this, analysts at William Blair maintain an Outperform rating, emphasizing the need for West to clarify its position on destocking to reassure investors.

Portfolio Pulse from Vandana Singh

February 15, 2024 | 6:17 pm

GEO

The GEO Group Inc (NYSE:GEO) reported Q4 FY23 revenue of $608.3 million, surpassing the consensus of $597.5 million. Adjusted EBITDA decreased to $129.0 million from $145.5 million a year ago, while adjusted EPS of $0.29 beat the consensus of $0.18. The company reduced its total net debt by $197.0 million, ending the year with $1.78 billion in total net debt. Cash and cash equivalents were $93.97 million as of December 31, 2023. GEO expects Q1 revenue between $600 million and $610 million, and FY24 net income between $110 million and $125 million, with revenues around $2.4 billion. Shares are up 6.59% at $11.84.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 6:13 pm

WCN

Waste Connections, Inc. (NYSE:WCN) reported Q4 earnings of $1.11 per share, surpassing estimates of $1.09. Sales reached $2.04 billion, exceeding expectations of $2.03 billion. The company anticipates significant growth in 2024, including a 120 basis points EBITDA margin expansion and potential revenue growth from acquisitions. Waste Connections plans to offer senior notes in a public offering. Shares rose 0.3% to $164.63. RBC Capital and BMO Capital raised their price targets for WCN following these results.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 6:13 pm

ABNB

Airbnb's stock (ABNB) is experiencing increased trading activity and higher prices following the release of its Q4 financial results earlier in the week. The movement is attributed to market volatility.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:11 pm

UPXI

Alliance Global Partners analyst Aaron Grey downgraded Upexi (NASDAQ:UPXI) from Buy to Neutral and reduced the price target from $3 to $1.25.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:10 pm

FSLY

Craig-Hallum analyst Jeff Van Rhee downgrades Fastly (NYSE:FSLY) from Buy to Hold and sets a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:07 pm

TSLA

A Delaware judge ruled against Elon Musk's $56 billion compensation plan, creating uncertainty for Tesla Inc (NASDAQ:TSLA). Musk is expected to appeal, with legal proceedings potentially taking six months. The appeal could impact Tesla's future compensation plans and Musk's financial status. Tesla's shares rose 3.74% to $195.76 following the news.

Portfolio Pulse from Chris Katje

February 15, 2024 | 6:07 pm