Streetbeat News

Earnings

Hecla Mining announced its Q3 production, following which its shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 4:14 pm

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The Dow Jones index fell by more than 50 points, while the NASDAQ rose by 0.20%. Walgreens Boots Alliance Inc reported weaker-than-expected earnings for its fourth quarter, with adjusted EPS decreasing 18% to $0.67. Secoo Holding Limited, OpGen, Inc., and BSQUARE Corporation saw significant increases in their share prices, while RVL Pharmaceuticals plc, Soluna Holdings, Inc., and T2 Biosystems, Inc. experienced significant drops.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 4:00 pm

Citigroup (NYSE:C) is set to release its quarterly earnings report on October 13, 2023. Analysts estimate an EPS of $1.17. Last quarter, Citigroup beat EPS estimates by $0.03, but the share price dropped by 0.0% the next day. The company's shares were trading at $41.53 as of October 11, with a 52-week return of -4.21%.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 4:00 pm

JPM

JPMorgan Chase (NYSE:JPM) is set to release its latest quarterly earnings report on October 13, 2023. Analysts estimate an earnings per share (EPS) of $3.90. The company's past performance shows it beat EPS estimates last quarter, which was followed by a 0.0% drop in share price. JPMorgan Chase's shares were trading at $146.15 as of October 11, with a 31.36% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 4:00 pm

WFC

Wells Fargo (NYSE:WFC) is set to release its quarterly earnings report on Friday, 2023-10-13, with an estimated EPS of $1.22. The company's past performance shows a trend of beating EPS estimates but this has not always led to a positive impact on the share price. The stock is currently trading at $39.69, down 8.23% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 4:00 pm

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Several US stocks recorded gains in Thursday's trading session. LL Flooring surged 35% after Live Ventures proposed to acquire it for $5.85 per share. Scholar Rock surged 28.8% after pricing an upsized $85 million public offering. E2open shares gained 17.5% despite falling 50% on Wednesday due to Q2 financial results. Viasat rose 9.7% after issuing an interim update on VS-3 F1 satellite status. Cerevel Therapeutics gained 7.3% after pricing an underwritten public offering. Fastenal climbed 7% after reporting mixed Q3 financial results. Walgreens rose 4.8% after Q4 sales increased 9.2% Y/Y. Domino's Pizza gained 1.08% after reporting better-than-expected Q3 EPS results.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 3:52 pm

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Alphabet Inc. (NASDAQ:GOOGL) has seen a 56.89% increase since the start of 2023 and is still considered attractive despite being below 2022 highs. The company has been growing earnings, outperforming the S&P 500, increasing revenue, and buying back shares. The stock is in an uptrend with new highs for 2023 on October 10 and 11. The stock has a P/E ratio of 29.7, trading near a fair value based on historic norms.

Portfolio Pulse from Cory Mitchell

October 12, 2023 | 3:40 pm

SAVE

Spirit Airlines has an option alert for January 19 $25 calls at the ask price of $1.18 for 1000 shares. This is compared to an open interest of 14961. The company's earnings are expected to be announced on October 25 after market close. The reference price is $16.33.

Portfolio Pulse from Charles Gross

October 12, 2023 | 3:16 pm

AXTA

Axalta Coating Systems (AXTA) has seen a significant increase in the volume of its January 19 $30 calls, with 1492 contracts traded at $0.801 each, compared to an open interest of 67. The company is set to announce its earnings on November 1.

Portfolio Pulse from Charles Gross

October 12, 2023 | 3:14 pm

EVLV

Evolv Technologies Holdings Inc (NASDAQ:EVLV) shares are trading higher by around 12% after the company disclosed better-than-expected Q3 preliminary results and raised its fiscal 2023 outlook. The company expects Q3 revenues of $19.3 million to $19.8 million and an adjusted gross margin of 57% to 58%. The FY23 outlook has been raised to a revenue of $75 million-$77 million and an adjusted EBITDA loss of $50 million-$(53) million.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 2:59 pm