Streetbeat News

Earnings

HCWB

HCW Biologics announced that due to a default issue, its financial statements for the year ended December 31, 2023, need to be restated and should no longer be relied upon, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:02 pm

ADTN

Adtran announced a material charge for impairment to goodwill estimated at $293M for Q1 2024, affecting its GAAP operating loss but not its compliance with credit agreement covenants. The non-cash goodwill impairment is allocated solely to its Network Solutions segment.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:57 pm

UPS

UPS forecasts an increase in fuel surcharge revenue in Q2 due to volume growth and higher surcharge modifiers. However, Q2 earnings are expected to be lower than the rest of 2023, mainly because of increased labor costs from the first year of the Teamsters contract. UPS anticipates a return to operating profit growth in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:42 pm

LGIH

LGI Homes reported closing 505 homes in April 2024 and had 127 active selling communities as of April 30, 2024. This update provides insight into the company's operational performance and growth.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:38 pm

SPT

Sprout Social's shares plummeted 40% after Q1 financial results missed revenue estimates and the company provided weaker Q2 guidance. Despite beating EPS estimates, Sprout Social's guidance reflects challenges in sales execution and enterprise seasonality. Analysts responded by downgrading the stock and cutting price targets.

Portfolio Pulse from Chris Katje

May 03, 2024 | 9:41 pm

MSI

Four analysts have recently updated their ratings on Motorola Solutions (NYSE:MSI), all maintaining a somewhat bullish stance with no changes in the last 30 days. The average 12-month price target for MSI has been raised to $394.25, indicating a 5.41% increase from the previous target of $374. Analysts from JP Morgan and Barclays have raised their price targets, reflecting optimism about the company's performance and market position. Motorola Solutions, known for its communications and analytics solutions, has shown strong financial performance with a revenue growth rate of 5.25%, a net margin of 20.92%, and an ROE of 109.76%.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 9:01 pm

UUUU

Energy Fuels (UUUU) reports strong Q1-2024 performance, driven by robust uranium sales and gross margins. The company is capitalizing on high uranium prices, with significant sales and profits from uranium operations. It's also advancing in the rare earth elements (REE) sector, with the completion of a Phase 1 REE Separation circuit and plans for expanded production. Energy Fuels is securing sources of heavy mineral sands and monazite to support its REE production, including acquisitions and project developments in Brazil, Madagascar, and Australia. The U.S. Senate's approval of the Prohibiting Russian Uranium Imports Act is expected to benefit the company by reducing competition from Russian uranium imports.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:51 pm

UUUU

Energy Fuels (AMEX:UUUU) reported Q1 earnings of $0.02 per share, meeting analyst estimates but marking a 97.22% decrease from last year's $0.72. Sales were $25.43M, missing the $26.25M estimate, yet representing a 29.64% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:44 pm

LPTV

Loop Media shares surged following the announcement of their Q2 results, which included a significant cost-cutting review and a 108% increase in partner screens across partner platforms.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:40 pm

LPTV

Loop Platform reported a significant growth in Q2 2024, with a 108% YoY increase in partner screens, reaching 50,000 across partner platforms.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:37 pm