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Earnings

DOCS

GME

HOOD

Market-Moving News for May 17th: GameStop Corporation reveals disappointing Q1 preliminary results, Robinhood Markets gets an upgrade from B of A Securities, and Doximity shares surge following strong Q4 results and positive guidance.

Portfolio Pulse from ryanfaloona@benzinga.com

May 17, 2024 | 12:34 pm

SGBX

Safe & Green Holdings (NASDAQ:SGBX) reported a Q1 EPS of $(4.93), an improvement from $(5.00) YoY, but sales dropped significantly to $1.02M from $5.50M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:34 pm

GME

GameStop shares are trading lower after the company announced Q1 preliminary results and an Open Market Sale Agreement to offer and sell up to 45 million shares of its Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:33 pm

WMS

Advanced Drainage Systems (NYSE:WMS) reported strong Q4 results, beating earnings and sales estimates, and raised its dividend by 14%. Despite the positive results, shares fell 2.1%. Analysts have raised their price targets for the stock.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:29 pm

NVDA

PLTR

Duquesne Family Office, led by Stanley Druckenmiller, has reopened a position in Palantir Technologies (PLTR) after a year-long hiatus, purchasing 769,965 shares in Q1 2024. Concurrently, the firm significantly reduced its stake in Nvidia (NVDA), selling off a large portion of its holdings. Palantir's fundamentals have improved due to its pivot to AI, despite mixed Q1 results. The stock has risen 26% year-to-date.

Portfolio Pulse from Shanthi Rexaline

May 17, 2024 | 12:28 pm

DXC

DXC Technology shares are trading lower after the company issued weak guidance.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:26 pm

AKAN

DOCS

DUO

DXC

Doximity, Inc. (NYSE:DOCS) shares surged 14% in pre-market trading after reporting better-than-expected Q4 financial results. The company posted a 6% YoY revenue increase to $118.1 million, beating estimates, and adjusted earnings of 25 cents per share, surpassing the 20 cents per share forecast. Doximity also provided strong Q1 revenue guidance. Other notable pre-market movers include Akanda Corp. (NASDAQ:AKAN), Fangdd Network Group Ltd. (NASDAQ:DUO), and DXC Technology Company (NYSE:DXC), among others.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:19 pm

GLOB

Globant S.A. (NYSE:GLOB) reported mixed Q1 results, missing EPS estimates but slightly beating revenue expectations. Following the results, several analysts cut their price targets while maintaining positive ratings. Globant's shares fell 0.3% to $177.73.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:19 pm

ROLL

RBC Bearings shares are trading lower after the company reported Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:14 pm

ROLL

RBC Bearings projects Q1 FY25 revenue to be between $415.0M and $420.0M, surpassing the estimated $408.0M.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:12 pm