Streetbeat News

Earnings

GPN

Global Payments Inc. (NYSE:GPN) shares fell over 11% despite reporting Q1 earnings that exceeded expectations, with adjusted EPS of $2.59 and revenue of $2.184 billion. The company also announced a dividend and maintained its FY24 outlook, but shares dropped to $109.20.

Portfolio Pulse from Nabaparna Bhattacharya

May 01, 2024 | 4:29 pm

USNA

Usana Health Sciences' stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 4:29 pm

FANG

Diamondback Energy's shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 4:25 pm

CHK

Chesapeake Energy's stock price declined following the announcement of Q1 adjusted EPS results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 4:23 pm

AMZN

GOOGL

PINS

Pinterest Inc (PINS) shares surged after reporting Q1 results surpassing expectations, driven by strong earnings, user growth, and successful ad monetization strategies. Analysts from Goldman Sachs, Roth MKM, Wedbush, Piper Sandler, and JPMorgan have raised their price targets, citing the company's product initiatives, partnerships with Amazon (AMZN) and Alphabet (GOOGL, GOOG), and improved advertising capabilities as key growth drivers. The partnerships are expected to significantly contribute to revenue momentum through 2024.

Portfolio Pulse from Priya Nigam

May 01, 2024 | 4:18 pm

CETX

CTMX

CVRX

LEG

RCKY

TMDX

U.S. stocks showed mixed performance with the Dow Jones up by 0.33%, while the NASDAQ and S&P 500 fell by 0.35% and 0.25%, respectively. Crude oil prices dropped by 3.2%, and the ISM manufacturing PMI decreased to 49.2 in April. CytomX Therapeutics, TransMedics Group, and Rocky Brands reported significant stock price increases following positive financial news. Conversely, Cemtrex, CVRx, and Leggett & Platt experienced substantial declines after reporting negative financial results or guidance.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 4:17 pm

CNDT

CNSWF

Conduent Inc (NASDAQ:CNDT) shares surged after reporting Q1 FY24 earnings that exceeded expectations, with a slight sales decline but beating analyst estimates. The company also announced the completion of a sale of two businesses to Modaxo, a division of Constellation Software Inc (OTC:CNSWF), for $230 million. Despite a drop in adjusted EBITDA and negative operating cash flow, Conduent's share repurchase and positive outlook for FY24 revenue contributed to the stock's rise.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 4:15 pm

PYPL

PayPal shares are trading lower due to increased volatility following the company's Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 4:13 pm

LSEA

Landsea Homes shares are trading lower following the release of their Q1 earnings, indicating a negative market reaction to the financial results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 4:12 pm

WGS

GeneDx shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 4:11 pm