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NUE

Nucor Corp (NYSE:NUE) reported Q4 earnings of $3.16 per share, surpassing estimates of $2.87 per share, with sales of $7.70 billion exceeding expectations of $7.65 billion. Despite a year-over-year decrease in sales and shipments, the company expects an increase in Q1 earnings for 2024. Nucor's stock rose 1.62% in after-hours trading following the earnings beat.

Portfolio Pulse from Ryan Gustafson

January 29, 2024 | 10:26 pm

CLS

Celestica Inc. forecasts Q1 revenue to be between $2.025B-$2.175B, surpassing the estimated $1.987B. The company also anticipates adjusted EPS to range from $0.67-$0.77, which is higher than the estimated $0.60.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:24 pm

FINW

FinWise Bancorp (NASDAQ: FINW) reported Q4 earnings of $0.32 per share, surpassing the consensus estimate of $0.31 by 3.23%. However, this represents a 34.69% decrease from the previous year's earnings of $0.49 per share. The company's quarterly sales were $20.40 million, exceeding estimates of $18.82 million by 8.41%, but marking a 9.00% decline from the $22.42 million reported in the same period last year.

Portfolio Pulse from mahesh@benzinga.com

January 29, 2024 | 10:22 pm

WBD

Hogwarts Legacy, a video game from Warner Bros Discovery Inc (NASDAQ:WBD) and Avalanche Software, will make its Sony-exclusive content available on other platforms in the summer. The game, which sold 22 million copies in 2023, will also receive additional updates and features. The PlayStation-exclusive content includes the Haunted Hogsmeade quest and related cosmetic sets.

Portfolio Pulse from Franca Quarneti

January 29, 2024 | 10:14 pm

IMCR

Immunocore Holdings reported preliminary Q4 2023 unaudited net product revenue of approximately $66 million, which is slightly below the estimated $67.05 million.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:12 pm

QS

QuantumScape Corp (NYSE:QS) shares increased by over 9% on Monday, potentially recovering from January losses. The initial surge in shares earlier in the month was due to positive test results from a solid-state battery by Volkswagen Group's subsidiary PowerCo. However, the stock experienced a pullback in the following weeks. The recent gain could be attributed to a high short interest of 16.59% and overall strength in the EV sector. QuantumScape closed at $7.18, up 8.30%.

Portfolio Pulse from Ryan Gustafson

January 29, 2024 | 10:09 pm

DNMR

Danimer Scientific has received a notice from the NYSE regarding a deficiency in meeting the minimum share price standard. The company has notified the NYSE of its intention to remedy this deficiency within six months.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:09 pm

IBIT

Joe Saluzzi, co-founder of Themis Trading, criticized SEC Chairman Gary Gensler for approving spot Bitcoin ETFs, suggesting he should have resisted the pressure from the crypto industry. Saluzzi believes this decision, which followed the approval of Bitcoin futures ETFs, sets a risky precedent and gives unwarranted legitimacy to cryptocurrencies. He also mentioned the BlackRock application for options trading on its iShares Bitcoin Trust (IBIT) shares and expressed concerns over the lack of market surveillance. Saluzzi also commented on Vanguard's decision not to offer Bitcoin ETFs and the Federal Reserve's potential rate cuts.

Portfolio Pulse from Ivan Crnogatić

January 29, 2024 | 10:07 pm

FEAM

5E Advanced Materials Inc has filed with the SEC for an offering of up to 85.3 million shares by selling stockholders. This move could potentially dilute current shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:07 pm

WBUY

Webuy, presumably a publicly traded company, has received a notification from Nasdaq concerning non-compliance with the exchange's minimum bid price requirement. This could indicate that Webuy's stock price has fallen below the minimum threshold set by Nasdaq for a certain period, and the company may need to address this issue to maintain its listing.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:06 pm