Streetbeat News

Earnings

RGLS

Regulus Therapeutics shares are trading higher following the announcement of positive topline results from the third cohort of patients in its Phase 1b MAD study of RGLS8429 for the treatment of ADPKD.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:43 am

MNY

MoneyHero Group has reiterated its FY24 revenue guidance of $100M, reporting a 24% YoY revenue increase to $22.2M in Q1. The company attributes its growth to strategic initiatives and strong performance across core markets, despite seasonal challenges. Key growth drivers include insurance brokerage, strong partner relationships, and the Creatory platform. The company is investing in growth and market share expansion, with a focus on operational efficiencies and higher margin products.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:34 am

RXO

TMFS

UPS

RXO, Inc. (NYSE:RXO) has agreed to acquire Coyote Logistics from United Parcel Service, Inc. (NYSE:UPS) for $1.025 billion in cash. The deal, financed through equity and debt, is expected to close by the end of 2024 and will make RXO the third-largest provider of brokered transportation services in North America. The acquisition is anticipated to significantly enhance RXO's adjusted EPS and free cash flow, with expected annualized cost synergies of at least $25 million. RXO shares are up 13.8% premarket following the announcement.

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 11:34 am

AAPL

COIN

DJT

META

NVDA

QQQ

RMD

SPY

Nasdaq futures slipped as Nvidia's sell-off continued, while S&P 500 futures held up. Analysts suggest that tech stock valuations may go parabolic, making it a good time to sell. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed mixed premarket performance. Key stocks in focus include Nvidia, Coinbase, Apple, Meta, Trump Media & Technology Group, and ResMed.

Portfolio Pulse from Shanthi Rexaline

June 24, 2024 | 11:33 am

MNY

MoneyHero (NASDAQ:MNY) reported Q1 earnings per share (EPS) of $(0.30), an 82.35% improvement from $(1.70) YoY. Sales increased by 23.87% to $22.18 million from $17.90 million YoY.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:32 am

ALNY

Alnylam Pharmaceuticals announced positive topline results from its HELIOS-B Phase 3 study of Vutrisiran. The study achieved statistical significance on both primary and all secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:02 am

GTHX

G1 Therapeutics' Phase 3 trial of Trilaciclib in metastatic triple-negative breast cancer did not achieve statistical significance in overall survival. The company will now focus on the extensive-stage small cell lung cancer market and is sufficiently funded to achieve anticipated profitability by the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:34 am

EPAC

FDS

KMX

NVDA

XAIR

Investor optimism improved despite mixed stock performance on Friday. The S&P 500 closed lower, driven by a 3% drop in Nvidia, while the Dow Jones ended marginally higher. FactSet Research Systems saw a 4% gain after strong earnings, and CarMax edged higher post-results. Investors await earnings from Enerpac Tool Group and Beyond Air.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 7:42 am

EPAC

ITI

OMIC

STOK

XAIR

Enerpac Tool Group, Singular Genomics Systems, Beyond Air, Iteris, and Stoke Therapeutics are stocks to watch on Monday. Enerpac Tool Group is expected to report earnings, Singular Genomics announced a reverse stock split, Beyond Air is expected to post a quarterly loss, Iteris filed for a mixed securities shelf offering, and Stoke Therapeutics' COO will step down.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 7:32 am

RXO

UPS

RXO (NYSE:RXO) is set to acquire Coyote Logistics from UPS for $1.025 billion in cash. This acquisition will make RXO the third-largest provider of brokered transportation in North America, significantly enhancing its market position and customer base. The deal is expected to be immediately accretive to RXO's earnings and free cash flow.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:17 am