Streetbeat News

Earnings

BIG

Big Lots shares are trading lower after the company reported worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:13 pm

SJ

Scienjoy Holding (NASDAQ:SJ) reported Q1 earnings of $0.03 per share, a 50% increase from $0.02 per share YoY. Sales were $43.81M, down 1.13% from $44.31M YoY.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:12 pm

BIG

CAVA

ECX

FIVE

GNLN

JWEL

LULU

SDA

THCH

TRNR

YOSH

ZCMD

The article highlights the pre-market movements of several consumer discretionary stocks on Thursday. Notable gainers include ECARX Holdings, TH International, Yoshiharu Global, Lululemon Athletica, Greenlane Holdings, and SunCar Tech Group. On the losing side, Big Lots, Five Below, Jowell Global, ZHONGCHAO, Interactive Strength, and Cava Group saw declines.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 12:07 pm

ASNS

CIEN

CXM

MLGO

OBLG

SCWX

SMAR

The article highlights the pre-market movements of 12 information technology stocks on Thursday. Notable gainers include Smartsheet, SecureWorks, and Oblong, while significant losers include Actelis Networks, Sprinklr, and MicroAlgo.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 12:07 pm

PGY

Pagaya Technologies LTD. (NASDAQ: PGY) has raised its 2024 Adjusted EBITDA guidance to $160M-$200M, an increase of $10M from its previous outlook. The company is implementing operational initiatives expected to reduce annual core operating expenses by approximately $25M, including a workforce reduction. These savings will be partially reinvested in key growth areas.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:04 pm

VSCO

XRT

Victoria's Secret & Co. (NYSE:VSCO) reported a 3.4% Y/Y revenue decline for Q1 FY24, with total comparable sales down 5% Y/Y. Despite a challenging retail environment, the company managed to beat EPS estimates. The stock is down 2.92% premarket. Investors can also gain exposure through SPDR S&P Retail ETF (NYSE:XRT).

Portfolio Pulse from Lekha Gupta

June 06, 2024 | 12:03 pm

MDGL

Madrigal Pharmaceuticals announced new analyses from its Phase 3 MAESTRO-NASH trial of Resmetirom, to be presented at the EASL Congress in June 2024. The analyses show significant improvements in fibrotic features, liver stiffness, and health-related quality of life for patients treated with Resmetirom.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:02 pm

STCN

Steel Connect (NASDAQ:STCN) reported Q3 sales of $43.85M, down from $46.14M YoY, and quarterly earnings of $2.51 per share. The company exits the quarter with $269.2M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:52 am

ALOT

AstroNova has reiterated its fiscal 2025 outlook, expecting mid-single digit organic revenue growth and adjusted EBITDA margins of 13% to 14%. The company has strengthened its position in the color digital printing market through the acquisition of MTEX NS and showcased its expanded product range at drupa 2024. AstroNova is also making progress in its T&M segment with key defense programs and the ToughWriter transition.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:35 am

ALOT

AstroNova (NASDAQ: ALOT) reported Q1 earnings per share (EPS) of $0.15, a 36.36% increase from $0.11 YoY. However, sales decreased by 6.94% to $32.96 million from $35.42 million YoY.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:33 am