Streetbeat News

Earnings

CI

Cigna's shares are trading lower even though the company reported earnings that exceeded expectations for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 7:05 pm

APO

Apollo Global Management's shares surged following the announcement of their Q1 earnings per share (EPS) and sales, which exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 7:04 pm

REGN

Regeneron shares are trading higher after initially dropping due to a Q1 earnings miss.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 7:04 pm

TRI

Thomson Reuters shares surged following the announcement of stronger-than-expected Q1 financial results and an upward revision of its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 7:02 pm

COIN

Coinbase shares are trading higher in anticipation of the company's Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 7:01 pm

ASPN

CVNA

EBS

FSLY

VSTS

XPEL

XRAY

Nasdaq surged over 200 points, with significant movements in individual stocks following Q1 results. Dentsply Sirona's shares fell by 5% due to revenue miss. Aspen Aerogels, Emergent BioSolutions, and Carvana saw substantial gains post-earnings, while Fastly, Vestis Corporation, and XPEL experienced sharp declines after reporting disappointing results.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 6:45 pm

CVNA

EBIZ

IBUY

Carvana Co. (NYSE:CVNA) reported strong Q1 FY24 results, surpassing consensus revenue estimates and showing a significant increase in adjusted EBITDA. This performance led to several analysts upgrading their price targets and ratings, with notable mentions from Wedbush, Needham, and JP Morgan. The company anticipates further growth in retail units and adjusted EBITDA. The stock soared by 32.9% following the announcement. Investors can also gain exposure to Carvana through the Global X E-Commerce ETF (NASDAQ:EBIZ) and Amplify Online Retail ETF (NYSE:IBUY).

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 6:42 pm

HSY

Hershey Co. (NYSE:HSY) is set to report Q1 financial results with analysts expecting revenue of $3.11 billion and EPS of $2.76. Rising cocoa prices and competition from MrBeast's Feastables are key concerns. Hershey has a history of beating revenue estimates but faces challenges from higher commodity inflation and market share encroachment by Feastables. Hershey's stock has declined 30% over the last year.

Portfolio Pulse from Chris Katje

May 02, 2024 | 6:38 pm

PTON

Peloton Interactive (NASDAQ:PTON) has seen significant options trading activity, with a bullish sentiment from big-money investors. Benzinga's options scanner revealed 8 trades, showing a preference for calls over puts, indicating expectations of a price increase. The trades suggest a target price window of $5.0 to $7.0. Despite this, PTON's stock is currently down by -10.71%, trading at $2.88, with an earnings announcement imminent. Analysts have mixed views, with an average target price of $3.625.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:33 pm

AMD

MRVL

NVDA

QCOM

UMC

Semiconductor stocks are experiencing an uptick in their trading values after Qualcomm reported strong quarterly results. This positive performance by Qualcomm is seen as a bullish signal for the semiconductor industry, potentially indicating robust demand and operational strength within the sector.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:26 pm