Streetbeat News

Earnings

QCOM

Qualcomm Inc (NASDAQ:QCOM) reported Q2 financial results, surpassing analyst estimates for revenue and earnings per share. Analysts from Cantor Fitzgerald, KeyBanc, Oppenheimer, JPMorgan, and Rosenblatt provided insights, highlighting Qualcomm's outperformance in China, leverage to premium smartphones, record automotive segment revenue, and potential in AI smartphones and PCs. Qualcomm's shares rose 9% to $179.35, reaching new 52-week highs.

Portfolio Pulse from Chris Katje

May 02, 2024 | 3:21 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen a notable surge in options activity, with Benzinga's tracking revealing 10 significant trades. The sentiment is mixed, with 50% bullish and 40% bearish, focusing on a price target between $60.0 and $90.0. The largest trades include both calls and puts, with a notable put at a strike price of $74.00 and calls up to $85.00. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently trading at $73.53, with an upcoming earnings report in 5 days.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 3:19 pm

PCOR

Procore Technologies' shares surged following the announcement of their Q1 financial results, which exceeded expectations. The company also provided optimistic guidance for Q2.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:18 pm

MOS

Mosaic shares are trading lower following the announcement of Q1 financial results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:16 pm

EXLS

ExlService Holdings' shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company provided guidance for FY24, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:15 pm

APTV

HYMLY

Aptiv PLC (NYSE:APTV) reported Q1 earnings with an EPS of $1.16, surpassing expectations but with revenues slightly missing forecasts at $4.901 billion. The company saw growth in Asia and North America, offset by declines in Europe and South America. Aptiv announced a restructuring deal with Hyundai Motor (OTC:HYMLY) to reduce its equity interest in Motional from 50% to approximately 15%. Additionally, Aptiv raised its FY24 EPS outlook but lowered its revenue forecast. Shares surged 11.6% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

May 02, 2024 | 3:13 pm

EVTC

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

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:13 pm

IDCC

Interdigital's stock price increased following the announcement of Q1 financial results surpassing expectations, along with optimistic Q2 and FY24 adjusted EPS guidance. Additionally, the company secured a court injunction against Lenovo in Germany.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:12 pm

NTGR

NETGEAR's stock price declined following the announcement of its Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:08 pm

ACHC

Acadia Healthcare's stock traded lower due to the company reporting Q1 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:08 pm