Streetbeat News

Earnings

GRYP

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) reported a record-breaking April 2024 with $2.6M in Bitcoin production, achieving new efficiency milestones. The company, known for its 100% renewable energy mining, produced 40 bitcoins at an average price of $66,183 each. It set new records with an average self-mining hashing power of 914 PH/s and improved machine efficiency to 28.7 J/T, thanks to the installation of Bitmain S21 200 TH/s machines. Gryphon also maintained its top-ranking position in bitcoin efficiency, holding 21 bitcoins in treasury by month-end.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:39 am

ANVS

Annovis Bio, Inc. (ANVS) CEO Maria Maccecchini addressed stockholders following mixed results from a Phase II/III Alzheimer's study, outlining plans for an improved Phase III trial. The company aims to refine patient selection based on plasma AD biomarkers and focus on early and mild Alzheimer's patients, who showed the most improvement in previous studies. Despite the setback, Annovis remains committed to developing treatments for neurodegenerative diseases.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:35 am

AMR

Alpha Metallurgical reported Q1 2024 earnings of $9.59 per share, missing the $10.82 estimate, but sales of $864.072M exceeded the $845.350M forecast. This represents a 5.18% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:33 am

AGM

Federal Agricultural (NYSE:AGM) reported Q1 2024 earnings of $3.96 per share, missing the consensus estimate of $4.06, and sales of $89.103M, below the $92.255M estimate. This represents a 7.49% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:33 am

AON

FLYW

GPN

The article highlights the top 3 financial stocks considered oversold and poised for growth this quarter, based on their RSI values. Global Payments Inc. (GPN) reported higher-than-expected earnings and anticipates revenue growth. Aon plc (AON) experienced a slight decline after reporting strong Q1 results but missed expectations. Flywire Corporation (FLYW) is anticipated to announce its Q1 2024 results soon, with its stock having fallen recently.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 11:32 am

ADCT

AKO

BNTX

LAZR

MPW

MTC

OCUL

VSCO

BioNTech SE reported disappointing first-quarter earnings, leading to a 4.4% drop in pre-market trading. Other stocks also moved lower, including Medical Properties Trust after a tenant's bankruptcy filing, and Victoria's Secret following a downgrade by Morgan Stanley. Companies like Embotelladora Andina, Luminar Technologies, MMTec, Ocular Therapeutix, and ADC Therapeutics also saw pre-market declines due to various factors.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 11:32 am

SHO

Sunstone Hotel Invts (NYSE:SHO) reported Q1 2024 FFO of $0.19 per share, surpassing the $0.17 estimate, with sales of $217.166M exceeding the $214.595M forecast. This represents a 10.79% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:32 am

TSN

Tyson Foods projects its adjusted operating income for 2024 to be between $1.4 billion and $1.8 billion, with sales anticipated to remain relatively flat compared to 2023.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:31 am

TSN

Tyson Foods (TSN) reported Q2 2024 adjusted EPS of $0.62, surpassing the $0.39 estimate, but its sales of $13.072B fell short of the $13.157B forecast, marking a 0.46% year-over-year decrease.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:30 am

GLYC

GlycoMimetics shares dropped following the announcement of topline results from its Phase 3 study of uproleselan in patients with R/R AML and the issuance of preliminary Q1 2024 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:29 am