Streetbeat News

Earnings

NMIH

NMI Holdings (NASDAQ:NMIH) reported Q1 2024 adjusted EPS of $1.08, surpassing the $0.99 estimate, with sales of $156.253M also beating the $136.753M estimate. This represents a 22.73% increase in earnings and a 14.24% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:43 pm

MDXG

MiMedx Group (NASDAQ:MDXG) reported Q1 2024 adjusted EPS of $0.07, surpassing the $0.04 estimate, and sales of $84.709M, exceeding the $79.361M estimate. This represents a significant improvement over the previous year, with a 333.33% increase in EPS from a loss of $(0.03) and an 18.18% increase in sales from $71.676M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:43 pm

LMND

Lemonade has provided its Q2 revenue forecast, expecting it to be between $118M-$120M, which is below the estimated $123.02M. Additionally, the company anticipates its Gross Earned Premium for the same period to be between $197M-$199M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:42 pm

NTRA

Neutra Corp. has filed to delay its 10-K annual report, according to Bloomberg. This filing indicates a postponement in the release of the company's annual financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:41 pm

GPOR

Gulfport Energy reported Q1 2024 adjusted EPS of $3.77, missing the $4.39 estimate, and sales of $283.229M, below the $292.500M estimate. This represents a significant decrease from the same period last year, with earnings down 47.2% and sales down 61.27%.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:41 pm

SWKS

Skyworks Solutions' shares dropped following its Q2 financial results announcement and Q3 revenue guidance, which had a midpoint below market estimates.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:40 pm

LMND

Lemonade (NYSE:LMND) reported Q1 2024 earnings with a GAAP EPS of $(0.67), surpassing the $(0.80) estimate, and sales of $119.100M, exceeding the $114.319M estimate. This represents a significant improvement over the previous year, with a 29.47% decrease in losses per share and a 25.11% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:39 pm

AMZN

Amazon's CFO reported that 61% of the company's unit sales in Q1 came from third-party sellers, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:39 pm

ILPT

Industrial Logistics (NASDAQ:ILPT) reported Q1 2024 FFO of $0.14 per share, surpassing the $0.12 estimate, and sales of $112.235M, exceeding the $110.362M forecast. This represents a 16.67% increase in earnings and a 1.79% increase in sales over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:39 pm

DIA

IWM

NEE

NEM

QQQ

SPY

XLU

April saw a downturn in major US stock indices with the S&P 500, Nasdaq 100, and Dow Jones all reporting declines. Utilities and miners were the bright spots, with specific ETFs and companies like NextEra Energy and Newmont Corp showing gains. The market faced challenges from inflation surprises and geopolitical tensions, impacting sector performances variably. The utilities sector led with a 2.1% increase, while real estate lagged due to interest rate sensitivity.

Portfolio Pulse from Piero Cingari

April 30, 2024 | 8:39 pm