Streetbeat News

Earnings

PSNY

Polestar Automotive's shares are trading lower following the announcement of a delay in its annual report, attributed to accounting errors.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:25 pm

AMCR

Amcor's stock price increased following the announcement of mixed Q3 financial results and an update to its guidance.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:24 pm

UUP

The ADP National Employment Report revealed that the U.S. private sector added 192,000 jobs in April, exceeding forecasts and indicating a robust employment landscape. The report, serving as a precursor to the Bureau of Labor Statistics' jobs report, highlighted broad-based hiring across various sectors, with notable job gains in leisure and hospitality, construction, and other industries. However, the information sector experienced job losses. Wage growth remained steady for job-stayers, while job changers saw a slight decrease in pay increases. The U.S. Dollar Index, as tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), remained stable, while U.S. equity futures fell in premarket trading.

Portfolio Pulse from Piero Cingari

May 01, 2024 | 12:23 pm

HLP

NTIC

Two materials sector stocks, Hongli Group Inc. (HLP) and Northern Technologies International Corporation (NTIC), are highlighted as overbought with RSI values above 70, indicating potential short-term performance concerns. HLP's stock surged 32% over five days, while NTIC reported strong Q2 earnings and a 34% gain over the past month.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 12:22 pm

FLEX

Flex shares are trading lower following the announcement of their Q4 financial results and the issuance of their guidance.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:22 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) reported Q1 earnings of $3.24 per share, surpassing the consensus estimate of $3.16, and sales of $3.13 billion, slightly above the estimate of $3.127 billion. The company projects Q2 adjusted earnings between $3.00 and $3.41 per share, with revenue between $3.025 billion and $3.225 billion. Following these results, Needham and Oppenheimer raised their price targets for NXPI to $280 and $295, respectively. NXPI shares rose 3.7% to close at $256.19.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 12:22 pm

CVRX

PINS

PLTN

Pinterest, Inc. (PINS) shares surged 17% in pre-market trading after reporting strong Q1 earnings and positive Q2 guidance, with revenue up 23% YOY. Other stocks also showed significant pre-market movements, including notable gainers like Plutonian Acquisition Corp. (PLTN) and losers like CVRx Inc (CVRX), reflecting a mix of financial results and guidance updates.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 12:19 pm

MA

Mastercard's stock is trading lower following the announcement of mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:19 pm

COR

Cencora (NYSE:COR) reported Q2 adjusted EPS of $3.80, surpassing the $3.69 estimate, marking an 8.57% year-over-year increase. However, its sales of $68.41B fell short of the $70.65B estimate, despite a 7.81% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:17 pm

GTES

Gates Industrial has reaffirmed its FY24 adjusted EPS guidance of $1.28 to $1.43, compared to the $1.42 estimate, and expects core revenue growth to range from -3% to +1%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:17 pm