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QCOM

Qualcomm's stock is trading higher following the release of their Q1 financial results, which surpassed expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:20 pm

LSTR

Landstar System reported Q4 2023 earnings of $1.62 per share, slightly above the consensus estimate of $1.61. However, their quarterly sales of $1.20B fell short of the expected $1.24B, marking a 28.12% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:20 pm

RKLB

Rocket Lab has announced a proposed offering of $275 million in Convertible Senior Notes. These notes are a form of debt that can be converted into equity, typically shares of the company. This move could potentially dilute existing shareholders but also provides the company with additional capital for growth, operations, or debt repayment.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:20 pm

THG

Hanover Insurance Group (NYSE:THG) reported Q4 earnings with an EPS of $3.13, surpassing the estimate of $2.73 by 14.65%. Revenue increased by $20 million from the same period last year. In the previous quarter, a miss on EPS resulted in a 2.38% share price drop the following day. The company's past earnings performance shows mixed results with actual EPS meeting or falling short of estimates in the past four quarters.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 9:20 pm

LSTR

Landstar System (NASDAQ:LSTR) reported Q4 earnings with an EPS of $1.62, exactly in line with estimates. However, revenue saw a decrease from the same period last year, totaling $471 million. The company's past earnings performance shows a pattern of mixed results, with the previous quarter's EPS miss leading to a 1.91% share price drop the following day. Investors may want to consider the company's earnings history and the recent revenue decline when making investment decisions.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 9:20 pm

ALGN

Align Technology Inc (NASDAQ:ALGN) reported Q4 earnings with a revenue increase of 6.1% YOY to $956.7 million, surpassing estimates of $933.67 million. Adjusted EPS was $2.42, beating estimates of $2.18. Growth was driven by higher clear aligner volumes, expansion in Canada and EMEA, and increased systems and services revenues. The company introduced iTero Lumina, a new intraoral scanner. Q1 revenue is projected between $960 million and $980 million, above estimates of $946.854 million. Post-earnings, ALGN shares rose 12.30% to $300.00 after hours.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 9:20 pm

AFL

Aflac's stock (AFL) is trading lower due to the company reporting Q4 financial results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:18 pm

AXS

Axis Capital Holdings (NYSE:AXS) reported Q4 adjusted EPS of $2.94, surpassing the consensus estimate of $2.59 by 13.51%, and marking a 50.77% increase from $1.95 per share a year ago. However, their quarterly sales of $1.48B fell short of the expected $1.62B by 8.58%, though it was a 2.28% increase from the previous year.

Portfolio Pulse from totan@benzinga.com

January 31, 2024 | 9:17 pm

MNTS

Momentus Inc. (NASDAQ:MNTS) stock surged after the company announced the termination of its National Security Agreement (NSA) with the U.S. government, as approved by the Committee on Foreign Investment in the United States (CFIUS). The company's CEO, John Rood, highlighted the positive impact of this development, indicating that Momentus has addressed any security concerns. The stock experienced heavy trading volume, with over 20.35 million shares traded, significantly higher than its 100-day average volume.

Portfolio Pulse from Erica Kollmann

January 31, 2024 | 9:17 pm

EGHT

8x8, Inc. (NASDAQ:EGHT) reported Q3 earnings with an EPS of $0.12, surpassing estimates by 20%. However, revenue declined by $3.39 million year-over-year. In the previous quarter, a beat on EPS estimates led to a significant share price increase the following day. The company's past earnings performance shows fluctuating EPS and revenues when compared to estimates.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 9:15 pm