Streetbeat News

Earnings

WELL

Welltower Inc. (NYSE: WELL) has revised its 2024 outlook, now expecting normalized funds from operations (FFO) in the range of $4.05 - $4.17 per diluted share, up from the previous guidance of $4.02 - $4.15 per diluted share.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:44 am

BITF

Bitfarms announced it is on track to deliver 21 EH/s and 21 w/TH in 2024. The company earned 156 BTC in May, which is 42% lower than the previous month and 66% lower year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:39 am

NBIX

Neurocrine Biosciences announced positive results from its CAHtalyst Pediatric Phase 3 study on crinecerfont for treating congenital adrenal hyperplasia (CAH). The study met primary and key secondary endpoints, showing significant androgen reduction and glucocorticoid dose reduction while maintaining androgen control. The results were published in The New England Journal of Medicine and presented at ENDO 2024.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:38 am

ADSK

Autodesk shares are trading higher after the company issued preliminary results and confirmed there will be no restatement or adjustment of any audited or unaudited financial statements.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:37 am

ARWR

Arrowhead Pharmaceuticals reported positive topline results from its Phase 3 PALISADE study of investigational Plozasiran, meeting both primary and key secondary endpoints. The company plans to present this data at its June 25, 2024, Cardiometabolic event.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:36 am

GPCR

Structure Therapeutics Inc. (NASDAQ:GPCR) announced positive 12-week results from its Phase 2a study of the obesity drug GSBR-1290, showing significant weight loss and favorable safety profiles. The capsule to tablet PK study also demonstrated promising results.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:32 am

JBLU

JetBlue has revised its Q2 revenue outlook slightly upward due to better operational performance and declining jet fuel prices. The company maintains a high completion factor of approximately 99%.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:30 am

AMC

GME

GTLB

NVDA

QQQ

SAIC

SPY

Wall Street is poised for a strong start to June, driven by a resurgence in meme stocks and positive tech sector developments. GameStop and AMC Entertainment saw significant premarket gains due to renewed interest from investors. Nvidia also rose following a keynote address at Computex 2024. Key economic data and manufacturing activity reports are expected to influence market sentiment throughout the week.

Portfolio Pulse from Shanthi Rexaline

June 03, 2024 | 11:29 am

HON

Honeywell has raised its FY24 sales outlook to $38.5B - $39.3B and adjusted EPS to $10.15 - $10.45, surpassing estimates. The company expects organic sales growth of 4% to 6%, segment margin expansion of 30 to 60 basis points, and free cash flow of $5.6B to $6.0B.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:22 am

HON

Honeywell has raised its Q2 sales outlook to $9.3B - $9.6B and adjusted EPS to $2.35 - $2.45, indicating positive growth. The company expects organic sales growth of 1% to 4% and a segment margin of 22.7% to 23.1%.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:19 am