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Cannabis stocks experienced significant gains following the DEA's decision to reclassify marijuana from Schedule I to Schedule III, with Canopy Growth Corporation and Aurora Cannabis leading the surge. The move, recommended by the Department of Health and Human Services, has sparked optimism in the market, despite the stocks' history of volatility. Financial performances vary, with Tilray showing strong revenue growth, while Canopy Growth had mixed results. The rescheduling could lead to increased profitability for U.S. cannabis businesses by removing the 280E tax penalty but also introduces potential FDA oversight.

Portfolio Pulse from Nicolás Jose Rodriguez

April 30, 2024 | 10:35 pm

HURN

Huron Consulting Group (HURN) reported Q1 2024 adjusted EPS of $1.23, surpassing the $0.89 estimate, with a 38.2% beat. Year-over-year, earnings increased by 41.38% from $0.87. Sales reached $355.961M, exceeding the $351.014M forecast by 1.41% and marking an 11.97% increase from the previous year's $317.895M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:22 pm

CLWT

Euro Tech Holdings (NASDAQ:CLWT) reported a significant increase in its fiscal year earnings per share (EPS) to $0.24, up from $0.05 the previous year, and a 20.01% increase in sales to $17.94M from $14.95M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:02 pm

DSP

Viant Technology shares surged following the announcement of better-than-expected Q1 results and the authorization of a repurchase program.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:01 pm

LMND

Lemonade shares surged following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company has increased its revenue guidance for FY24, surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:00 pm

ROOT

Root shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:59 pm

CZR

Caesars Entertainment's stock trades lower after the company reported a revenue miss for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:58 pm

POWL

Powell Industries' stock price increased following the announcement of their Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:58 pm

TXG

10x Genomics shares are trading lower due to worse-than-expected Q1 results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:58 pm

CLX

Clorox shares are trading lower following the announcement of worse-than-expected Q3 sales results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:57 pm