Streetbeat News

Earnings

LPTV

Loop Media (AMEX:LPTV) reported Q2 2024 earnings with a GAAP EPS of $(0.11), missing the $(0.10) estimate, and sales of $4.002M, missing the $6.123M estimate. This represents a 25.79% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:31 pm

ASTR

ATMU

ENS

KITT

In Friday's after-market session, several industrials stocks saw significant movements. Nauticus Robotics, Atmus Filtration Techs, EnerSys, Simpple, Sidus Space, and Knightscope were among the gainers, with increases ranging from 3.6% to 5.7%. Conversely, Astra Space, Professional Diversity, Swvl Hldgs, Nuburu, Getaround, and Agrify experienced declines between 2.17% and 5.0%. Atmus Filtration Techs' stock rise followed their Q1 earnings release.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 8:31 pm

WHR

Whirlpool initiated a global workforce reduction plan on Apr. 29, expecting to incur $75M-$80M in restructuring charges for FY 2024, including $63M-$67M in employee termination costs and $13M in other costs.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:21 pm

MRK

Merck & Co announced its 2024 Restructuring Program, expecting cumulative annual net cost savings of approximately $750M by the end of 2031. The company anticipates recording charges of about $800M in 2024 related to this program, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:20 pm

DIS

Investors have shown a bullish stance on Walt Disney (NYSE:DIS) through significant options trading activity, as detected by Benzinga's options scanner. A total of 33 uncommon options trades were spotted, with a sentiment split of 57% bullish and 43% bearish. The trades include 10 puts and 23 calls, indicating a predicted price range for DIS between $60.0 and $140.0. Recent analyst ratings have set a consensus target price of $137.75 for DIS, with individual targets ranging from $130 to $141. The current market status shows DIS stock up 0.78% at $113.5, with an RSI indicating a neutral position and earnings expected in 4 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 8:16 pm

AAPL

BTCUSD

TSLA

The stock market responded positively as Fed Chair Jerome Powell indicated no immediate interest rate hikes, aiming for a 2% inflation target. The labor market showed signs of cooling in April, with a slowdown in job creation and a rise in unemployment. Apple Inc. announced a record $110-billion stock buyback, while nearly 80% of S&P 500 companies reporting so far have exceeded earnings expectations. Goldman Sachs cautioned investors about Tesla Inc.'s self-driving technology, and Treasury Secretary Janet Yellen discussed challenges for first-time homebuyers. Robert Kiyosaki expressed confidence in Bitcoin amidst market downturns.

Portfolio Pulse from Piero Cingari

May 03, 2024 | 8:15 pm

PTON

Benzinga's options scanner revealed significant options trading activity on Peloton Interactive (NASDAQ:PTON), with over 9 call transactions totaling $394,041 and 7 puts worth $297,150. Market trends indicate a focus on a price range between $3.0 and $8.0 for PTON. The largest options trades include bullish sentiments for both calls and puts, with expiration dates ranging from 2024 to 2025. Peloton, known for its interactive fitness platform, has seen its stock price increase by 9.42% to $3.42, with a neutral RSI indicator. The company's earnings announcement is expected in 110 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 8:15 pm

PENN

PENN Entertainment reported Q1 results below analysts' estimates, with the Interactive segment, particularly ESPN Bet, impacting results negatively. Analysts have mixed views, with some lowering price targets and others seeing potential for improvement, especially with the upcoming NFL season and product development efforts. The company's retail segment remains strong, but concerns about the Interactive segment's performance and high leverage are notable.

Portfolio Pulse from Chris Katje

May 03, 2024 | 8:12 pm

AJX

Great Ajax (NYSE:AJX) reported Q1 adjusted losses of $(0.16) per share, missing the $0.02 estimate by 900%, and a 77.78% decrease from last year's $(0.09) loss. Quarterly sales were $(49.38M), missing the $3.22M estimate by 1.63K%, a 9.24K% decrease from last year's $540.00K.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:08 pm

BHP

GLCNF

GORO

NEXA

Anglo American rejected BHP Group's $39B bid, potentially starting a bidding war with Glencore. Gold Resource reported Q1 results with a net loss and detailed production figures. The U.S. Department of Commerce is acting against aluminum dumping, affecting several countries and benefiting Tredegar. Nexa Resources reported a significant quarterly loss but exceeded sales expectations.

Portfolio Pulse from austin@walkonholdings.com

May 03, 2024 | 8:05 pm