Streetbeat News

Earnings

ACRHF

CCHWF

CRLBF

CURLF

GTBIF

VRNOF

Cresco Labs (OTC:CRLBF) is highlighted as a top multi-state operator (MSO) in the cannabis industry with strong financial performance and significant growth potential, especially if states like Ohio, Pennsylvania, and Florida legalize recreational cannabis. The company has shown substantial improvement in its financial metrics and is trading at an attractive valuation compared to peers.

Portfolio Pulse from Nicolás Jose Rodriguez

June 13, 2024 | 1:37 am

SPY

TSLA

The 2024 Tesla Inc (NASDAQ:TSLA) shareholders meeting will be held on June 13, featuring a crucial vote on a new compensation plan for CEO Elon Musk. Analysts are divided on the outcome, with potential impacts on Tesla's future direction and stock price. The meeting will be livestreamed on YouTube.

Portfolio Pulse from Chris Katje

June 12, 2024 | 9:45 pm

CANG

Cango Inc. (CANG) expects its Q2 total revenues to be between RMB35 million and RMB45 million, a significant decrease from the RMB64.4 million reported in Q1.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:35 pm

CANG

Cango (NYSE:CANG) reported Q1 adjusted earnings per ADS of $0.12, a 50% increase from $0.08 YoY. However, sales plummeted by 88.74% to $8.92 million from $79.01 million YoY.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:32 pm

PLCE

Children's Place reported an 11.7% decrease in Q1 comparable retail sales, attributed to lower store count, reduced store traffic, decreased ecommerce demand due to reduced marketing, and lower wholesale revenue.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:11 pm

PLCE

Children's Place (NASDAQ:PLCE) reported a Q1 adjusted EPS of $(1.18), an improvement from $(2.00) last year, but sales decreased by 16.71% to $267.88 million from $321.64 million.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:10 pm

AVGO

Broadcom Inc (NASDAQ:AVGO) reported strong Q2 earnings, beating revenue and EPS estimates driven by AI demand. The company announced a 10-for-1 stock split and raised its fiscal-year 2024 revenue guidance. Shares rose 10.53% in after-hours trading.

Portfolio Pulse from Adam Eckert

June 12, 2024 | 8:44 pm

ASNS

AVGO

EVLV

INUV

MAXN

MYSZ

ONDS

PLAB

SLNH

SPEC

TLS

XTKG

The article highlights the performance of various Information Technology stocks during Wednesday's after-market session. Broadcom (AVGO) saw a significant rise of 9.6% following its Q2 earnings report. Other gainers include Telos (TLS), My Size (MYSZ), Maxeon Solar Technologies (MAXN), Ondas Holdings (ONDS), and Evolv Technologies (EVLV). On the losing side, Spectaire Holdings (SPEC), Inuvo (INUV), Photronics (PLAB), Soluna Holdings (SLNH), X3 Holdings (XTKG), and Actelis Networks (ASNS) experienced declines.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 8:30 pm

FLEX

Flex Inc. (NASDAQ:FLEX) has seen a 0.53% decrease in its stock price to $31.97 in the current session, but has increased by 9.00% over the past month and 63.69% over the past year. The company's P/E ratio is lower than the industry average, suggesting it might be undervalued.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 8:30 pm

AVGO

Broadcom projects its FY24 adjusted EBITDA to be approximately 61% of its projected revenue, indicating strong profitability expectations.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:19 pm