Streetbeat News

Earnings

ERII

Energy Recovery shares are trading lower following the announcement of Q1 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:43 pm

PACK

Ranpak Holdings' shares dropped following the announcement of disappointing Q1 financial results, falling short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:43 pm

PFE

Pfizer's stock is trading higher following its announcement of better-than-expected Q1 financial results. The positive momentum is further supported by Josh Brown's bullish call on CNBC.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:42 pm

NCLH

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares fell after Q1 earnings, with analysts noting the company's guidance raise fell short of high expectations. Despite stronger demand in the industry, the modest increase in 2024 EBITDA and net yield guidance did not meet analyst expectations. Goldman Sachs, Bank of America Securities, Truist Securities, and JPMorgan analysts maintained Neutral or Hold ratings, with price targets ranging from $19 to $20. The company's net yield guidance increase and the all-time high booked position for 2024 were highlighted, but the deceleration in net per diem in Q4 was seen as a key negative.

Portfolio Pulse from Priya Nigam

May 02, 2024 | 4:41 pm

ASPN

COP

CVNA

EBS

FSLY

VSTS

XPEL

The Dow Jones surged over 100 points amid positive market trends, with notable movements in individual stocks. ConocoPhillips reported earnings that missed expectations, impacting its stock. Other companies like Aspen Aerogels, Emergent BioSolutions, and Carvana saw significant stock price movements due to their financial results. Conversely, Fastly, Vestis Corporation, and XPEL experienced declines after reporting disappointing financial outcomes.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 4:37 pm

HWM

ITA

MISL

Howmet Aerospace Inc. (NYSE:HWM) shares surged after reporting Q1 FY24 financial results exceeding expectations with a 14% Y/Y revenue increase to $1.82 billion and adjusted EPS of $0.57, surpassing the consensus. The company also raised its FY24 outlook, citing robust demand for air travel and a favorable demand outlook despite lower 737 MAX volumes. Howmet repurchased $150 million of common stock and plans to increase its quarterly dividend. Exposure to HWM can also be gained through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and First Trust Indxx Aerospace & Defense ETF (NYSE:MISL).

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 4:34 pm

CVNA

DASH

ETSY

Consumer Discretionary stocks showed significant movement in Thursday's intraday session, with notable gainers including Carvana, Cazoo Gr, Perdoceo Education, Rush Street Interactive, Vroom, and Canterbury Park Holding, while XPEL, Etsy, DoorDash, Fenbo Holdings, Faraday Future, and 17 Education & Technology were among the losers. The movements were largely driven by the release of Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:31 pm

NVRI

Enviri shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:31 pm

ARAY

EBS

ELEV

MGX

In Thursday's intraday session, health care stocks saw significant movements. Emergent BioSolutions (EBS) led the gainers with a 98.4% increase following their Q1 earnings release. Other notable gainers include Nuwellis (NUWE), Sensei Biotherapeutics (SNSE), and Syra Health (SYRA). On the losing side, Accuray (ARAY) dropped 27.6% after their Q3 earnings, with Metagenomi (MGX) and Elevation Oncology (ELEV) also experiencing declines. The movements were attributed to recent earnings reports and market reactions.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:31 pm

CAR

DRVN

ENVX

VSTS

In Thursday's intraday session, several industrials stocks experienced significant movements. Enovix, Avis Budget Group, Pitney Bowes, Nuburu, Valmont Industries, and Howmet Aerospace were among the gainers, with increases ranging from 15.36% to 35.3% following their Q1 earnings reports. Conversely, Vestis, Driven Brands Holdings, Energy Recovery, Professional Diversity, Enviri, and Paycom Software were among the losers, with decreases ranging from 12.82% to 41.4%, mostly due to their latest earnings reports.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:31 pm