Streetbeat News

Earnings

ICE

Intercontinental Exchange shares are trading higher, reversing after a decline on Thursday due to Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 5:24 pm

CPT

Camden Property Trust's shares saw an increase following the announcement of their Q1 FFO results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 5:23 pm

TRMB

Trimble's stock price declined following the announcement of Q1 financial results and Q2 guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 5:21 pm

OLMA

Olema Pharmaceuticals (OLMA) saw significant activity in its October 18 $15 call options, with 156 contracts traded at $1.9 each against an open interest of 1547 contracts. This activity comes ahead of the company's estimated earnings release on May 14, after the market closes. The stock reference price at the time of the option activity was $10.78.

Portfolio Pulse from Charles Gross

May 03, 2024 | 5:19 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) reported a revenue beat for Q1 but saw its shares decline. Analysts from JPMorgan, Canaccord Genuity, Needham, HC Wainwright, Oppenheimer, Wedbush, and JMP Securities provided positive feedback, adjusting their price targets mostly upwards. The company's strong performance was highlighted by significant revenue growth, cost reductions, and strategic expansions in services and global markets. Despite the positive analyst outlook, COIN shares dropped 3.68% to $220.42.

Portfolio Pulse from Priya Nigam

May 03, 2024 | 5:18 pm

DLR

Digital Realty Trust's shares saw an increase following the announcement of FFO results that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 5:17 pm

CAH

Whale investors have shown a bullish stance on Cardinal Health (NYSE:CAH), with options trading indicating a target price range of $70.0 to $115.0. Analysis of options activity reveals a majority of trades are bullish, with significant volumes in both calls and puts. Cardinal Health, a major pharmaceutical wholesaler, is currently trading at $98.48, down 4.37%, with analysts giving mixed ratings but an average target price of $112.33. The company's next earnings release is anticipated in 102 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 5:17 pm

PANW

Investors have shown a bullish stance on Palo Alto Networks (NASDAQ:PANW), with Benzinga's options scanner revealing 38 unusual options trades. The sentiment is predominantly bullish, with a focus on calls over puts, indicating expectations of a price movement between $160 and $400. Analysts have set an average price target of $345, with specific targets from Oppenheimer ($330), Keybanc ($355), and Cantor Fitzgerald ($350). The current trading volume is 1,834,689, with a slight price decrease of -0.12%, and an earnings announcement expected in 17 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 5:17 pm

AAPL

DIA

IWM

QQQ

QQQM

SPY

US stock indexes rose after a weak jobs report fueled speculation of a potential easing in Federal Reserve policy. Additionally, strong earnings from Apple contributed to positive market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 5:14 pm

TPB

Turning Point Brands, Inc. (NYSE:TPB) reported Q1 2024 financial results with net sales of $97.1 million, down from $100.96 million in Q1 2023. Zig-Zag rolling papers made up 48% of total sales, with net sales increasing 11.5% to $46.7 million. The company saw a gross profit increase of 6.8% to $51.9 million, and a significant net income increase of 58.1% to $12.0 million. Adjusted net income and EBITDA also saw increases of 29.8% and 21.6%, respectively. TPB maintains its full-year 2024 adjusted EBITDA forecast of $95 to $100 million, despite a slight pre-market share price drop of 1.54% to $32.07.

Portfolio Pulse from Nina Zdinjak

May 03, 2024 | 5:14 pm