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    Feb 27, 2024
    • Norwegian Cruise Line soared 10% to $17.55 after the travel company reported wider-than-expected fourth-quarter results, but the company guided a strong 2024 outlook. 

      Revenue in the fourth quarter increased to $1.98 billion from $1.52 billion, net loss shrank to $1106.5 million from $482.8 million, and diluted loss per share shrank to 25 cents from $1.14 a year ago. 

      The company's cost-cutting initiatives were helped by a higher passenger count in the quarter. 

      Gross cruise costs per capacity day were approximately $280 in the fourth quarter, compared to $311 last quarter. 

      Adjusted net cruise costs, excluding fuel per capacity day, in the fourth quarter of 2023 were approximately $151, in line with the company's prior guidance.
      • Feb 22, 2024
      • Nvidia said revenue in the fourth quarter soared 265% from a year ago to $22.1 billion, driven by a surge in demand for artificial intelligence-driven applications. 

        Revenue in the fourth quarter increased to $22.1 billion from $6.2 billion, net income soared 769% to $12.3 billion from $1.4 billion, and diluted earnings per share jumped to $4.93 from 57 cents a year ago. 

        For the fiscal year, revenue jumped 126% to $60.9 billion, net income soared 581% to $29.7 billion from $4.93 billion, and diluted earnings per share advanced to $11.93 from $1.74 a year ago. 

        Nvidia's blowout results boosted other semiconductor stocks, and ASML, AMD, TSMC, Intel, and Qualcomm jumped between 2% and 4%. 

        Nvidia stock has jumped 40% so far this year and soared 225% in the last 52- weeks of trading. 
        • Lucid Group declined 8.1% to $3.40 after the electric vehicle maker reported weaker-than-expected revenue in its latest quarter as losses widened. 

          Revenue in the fourth quarter declined to $157.1 million from $257.7 million; net loss increased to $653.7 million from $472.6 million; and diluted loss per share expanded to 29 cents from 28 cents a year ago. 

          The company produced 2,391 vehicles in the fourth quarter and 8,428 vehicles in 2023, meeting the higher end of 2023 annual production guidance of 8,000 to 8,500 vehicles. 

          The company delivered 1,734 vehicles in the fourth quarter and 6,001 vehicles in 2023, up 37% compared to full-year 2022. 
          • Rivian Automotive dropped 17.2% to $12.74 after the company reported weaker-than-expected quarterly results and lowered its 2024 electric vehicle production estimate to 57,000, compared to 57,232 in 2023. 

            Revenue in the fourth quarter increased to $1.32 billion from $0.66 billion, net loss declined to $1.52 billion from $1.72 billion, and diluted loss per share shrank to $1.58 from $1.87 a year ago. 
            • Feb 21, 2024
            • Palo Alto Networks dropped 23.8% to $279.01 after the cyber security company reported better-than-estimated fiscal second quarter revenue and earnings. 

              Total revenue increased to $1.97 billion from $1.65 billion, pre-tax income rose to $135.5 million from $84.4 million, and diluted earnings per share rose to $4.89 from 25 cents a year ago. 

              Net income rose to $1.74 billion from $84.4 million, including tax-benefit of $1.61 billion. 

              However, the company lowered its revenue outlook in the fiscal third quarter to an increase between 13% and 15% and total billing growth between 2% and 4%. 

              The company also lowered its full-year 2024 revenue outlook to between 15% and 16%, down from the previous estimate of between 18% and 19%. 
              • SolarEdge plunged 20% to $67.37 after the solar inverter maker reported weaker-than-expected revenue, but losses narrowed in the fourth quarter. 

                Revenue in the fourth quarter declined to $316 million from $890.7 million, net income swung to a loss of $162.4 million from $20.8 million, and diluted earnings per share were ($2.85) compared to a profit of 36 cents a year ago. 

                Revenue in 2023 increased to $2.97 billion from $1.96 billion, net income decreased to $34.3 million from $169.2 million, and diluted earnings per share declined to 60 cents from $3.06 a year ago. 
                • Teladoc Health dropped 22% to $15.98 after the online health service provider reported weaker-than-expected quarterly revenue. 

                  Revenue in the fourth quarter increased 4% to $660.5 million from $637.7 million, net loss shrank to $28.9 million from $3.8 billion, and diluted loss per share fell to 17 cents from $23.49 a year ago. 

                  Results for the fourth quarter of 2022 primarily included non-cash goodwill impairment charges of  $3.77 billion, or $23.26 per share, stock-based compensation expense of $50.8 million, or $0.31 per share,  and amortization of acquired intangibles of $50.2 million, or $0.31 per share. 

                  Net loss for the fourth quarter of  2022 also included $3.7 million, or $0.02 per share, of restructuring costs primarily related to the  abandonment of certain excess leased office space. 
                  • HSBC Holdings declined 7.6% to 594.40 pence, despite the UK-based and China-focused global bank reporting a sharp jump in profit and announcing a stock buyback program. 

                    The bank reported a 56% surge in its annual profit in 2023 to $22.43 billion from $14.83 billion, and income per share increased to $1.15 from 72 cents a year ago, respectively. 

                    Revenue in 2023 rose 30% to $66.1 billion, driven by a $5.4 billion increase in net interest income and a $10.0 billion increase in non-interest income. 

                    The net interest margin increased by 24 basis points to 1.66%, with $3.4 billion in expected credit losses and other impairment charges.

                    The bank announced a new $2 billion stock repurchase plan and hiked its full-year dividend to 61 U.S. cents from 32 U.S. cents a year ago. 

                    Revenue in the fourth quarter declined 11% to $13 billion after the company reclassified its retail operation in France as "held of sale," and after-tax profit dropped by $4 billion to $0.2 billion. 

                    The bank took an impairment charge of $3.0 billion related to its Shanghai, China-based BoCom. 
                    • Glencore dropped 3.7% to 377.70 pence after the mining company reported a sharp decline in its annual profit. 

                      Revenue in 2023 declined 15% to $217.8 billion from $255.98 billion, net income attributable to shareholders plunged 75% to $4.3 billion from $17.3 billion, and basic earnings per share dropped 74% to 34 cents from $1.33 a year ago. 

                      Earnings in 2023 declined sharply, reflecting impairment charges linked to the company's zinc and cobalt asset revaluations and sharply lower coal prices. 

                      The company proposed a cash dividend of 13 cents per share. 

                       
                      • Rio Tinto declined 1.8% to 5,176.0 pence after the Australia-focused mining company reported a decline in its profit. 

                        Consolidated revenue in 2023 declined to $54.0 billion from $55.6 billion, net income dropped to $10.1 billion from $12.4 billion, and diluted earnings per share fell to $6.16 from $7.60 a year ago. 

                        Iron ore segment revenue increased to $32.2 billion from $30.9 billion, and aluminum segment revenue edged higher to $12.3 billion from $14.1 billion a year ago, respectively.