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OSBC

Old Second Bancorp (NASDAQ:OSBC) reported Q4 adjusted earnings of $0.42 per share, missing the consensus estimate of $0.54 by 22.22%. Year-over-year, earnings decreased by 20.75% from $0.53 per share. Quarterly sales were $69.96M, falling short of the $72.97M estimate by 4.12% and representing a 4.21% decrease from $73.04M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:49 pm

AKTS

Akoustis has announced its intention to offer and sell shares of its common stock through a public offering, although specific terms have not been disclosed. The company plans to use the net proceeds to fund operations and business growth, including capital expenditures, working capital, R&D, commercialization of technology, potential strategic transactions, and other general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:48 pm

BLK

ETHUSD

The SEC has postponed its decision on BlackRock Inc's proposed spot Ethereum ETF until March 10. The application was filed on Nov. 21, and the delay is in line with similar postponements, such as Fidelity's application. The SEC needs more time to consider the proposed rule change. Spot Ethereum ETFs are gaining interest, and the industry expects sporadic delays in approvals.

Portfolio Pulse from Ivan Crnogatić

January 24, 2024 | 9:47 pm

ALRS

Alerus Financial Corp. (ALRS) reported Q4 adjusted earnings of $0.50 per share, surpassing the $0.29 estimate by 72.41%, but saw a 5.66% decrease from the previous year's $0.53 per share. Sales were $20.84M, falling short of the $45.38M estimate by 54.09% and representing a 60.30% decline from last year's $52.48M.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:45 pm

LOB

Live Oak Bancshares (NYSE:LOB) reported Q4 earnings with an EPS of $0.36, missing estimates by 18.18% compared to the expected $0.44. However, revenue increased by $14.71 million from the same period last year. In the previous quarter, the company exceeded EPS estimates which led to a 7.22% rise in share price the following day. The company's past earnings performance shows mixed results with both beats and misses in EPS compared to estimates.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:45 pm

ESSA

ESSA Bancorp (NASDAQ:ESSA) reported Q1 earnings with an EPS of $0.45, missing estimates by 2.17% compared to the expected $0.46. Revenue decreased by $750 thousand from the same period last year. In the previous quarter, ESSA Bancorp exceeded EPS estimates which led to an 8.65% share price increase the following day. The company's past earnings performance shows fluctuations in EPS and revenue when compared to estimates.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:45 pm

COLB

Columbia Banking System's stock (COLB) is trading lower due to the company announcing Q4 financial results that fell short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:42 pm

NOW

ServiceNow, Inc. (NYSE:NOW) reported Q4 earnings of $3.11 per share, surpassing estimates of $2.79, and sales of $2.44 billion, exceeding estimates of $2.4 billion. The results represent a 25.62% increase in sales year-over-year. The company also raised its 2024 subscription revenues and operating margin outlook, with Q1 subscription revenues expected between $2.51 billion and $2.515 billion and operating margin at 29%. Despite the positive report, ServiceNow shares traded down 0.64% post-announcement.

Portfolio Pulse from Erica Kollmann

January 24, 2024 | 9:41 pm

EGBN

Eagle Bancorp (NASDAQ: EGBN) reported Q4 earnings with an EPS of $0.67, missing estimates by 1.47% and a revenue decline from the previous year. Despite beating EPS estimates last quarter, which led to a share price increase, this quarter's miss and revenue drop may concern investors.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:40 pm

CACI

CACI International reported Q2 adjusted earnings of $4.36 per share, missing the consensus estimate of $4.47, and sales of $1.83B, slightly below the expected $1.84B. Despite the miss, earnings and sales increased from the same period last year by 1.87% and 11.22%, respectively.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:40 pm