Streetbeat News

Earnings

META

On April 25th, Meta Platforms Inc (NASDAQ:META) experienced a surprising 14% stock drop despite beating Q1 earnings expectations, reporting $4.71 per share against the predicted $4.32. However, the stock has since rebounded by more than 8%, stabilizing above the $414 level and closing at $441.68 on May 2. This resilience, coupled with a 27% year-to-date gain, suggests a cautiously optimistic outlook for Meta, despite the psychological barrier at the $500 stock price.

Portfolio Pulse from Zaheer Anwari

May 03, 2024 | 3:59 pm

JYNT

Joint Corp's shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company confirmed its full-year 2023 system-wide sales guidance. Roth MKM maintained a Buy rating on Joint Corp and increased the price target from $13 to $16.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:57 pm

AMRX

Amneal Pharmaceuticals' shares surged following the announcement of their Q1 2024 earnings, which exceeded analysts' expectations in terms of adjusted EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:54 pm

SMLP

Summit Midstream Partners shares are trading higher following a report of improved year-over-year Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:51 pm

UNIT

Uniti Group's shares dropped following a Q1 earnings miss and the announcement of a merger with Windstream Holdings II. The merger could potentially reshape the company's future operations and financial structure.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:47 pm

MATW

Matthews International's stock price increased following the announcement of their Q2 earnings per share (EPS) and sales figures, which exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:46 pm

LMAT

LeMaitre Vascular's stock is trading higher following the announcement of strong Q1 earnings and the issuance of EPS guidance that surpasses estimates.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:44 pm

CNDT

MSFT

Conduent Inc's shares surged after announcing the sale of its Casualty Claims Solutions business to MedRisk for $240 million. The deal includes workers' compensation and auto casualty bill review solutions, and the Strataware bill review software products. Conduent also reported a slight sales decline in Q1 FY24 but beat analyst estimates. Additionally, Conduent has partnered with Microsoft to use Azure OpenAI Service and sold its Curbside and Public Safety Solutions businesses to Modaxo.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 3:43 pm

ZEUS

Olympic Steel's shares traded lower due to a miss in Q1 revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:43 pm

BJRI

BJ's Restaurants shares surged following the announcement of their Q1 earnings, which exceeded analysts' expectations in both EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:40 pm