Streetbeat News

Earnings

MIND

MIND Technology's shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:38 pm

GM

General Motors (GM) shares are trading lower due to a sector-wide downturn in the automotive industry, triggered by Stellantis reporting a decrease in Q1 revenue.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:38 pm

ADM

Archer-Daniels-Midland Company (ADM) reported Q1 earnings with EPS of $1.46, surpassing analyst expectations of $1.36, but missed revenue forecasts with $21.85 billion against an expected $22.27 billion. The company experienced a 24% decrease in adjusted segment operating profit and declines in AS&O and Nutrition segment profits. Despite these challenges, ADM is focusing on strategic initiatives like the Green Bison JV, regenerative agriculture, and BioSolutions to improve future performance. The company anticipates FY24 EPS to be between $5.25 and $6.25, compared to analyst estimates of $5.57. ADM's shares dropped by 2.97% to $58.89.

Portfolio Pulse from Nabaparna Bhattacharya

April 30, 2024 | 4:36 pm

THRM

Gentherm's shares surged following the announcement of Q1 adjusted EPS results that exceeded expectations, along with the issuance of positive guidance.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:35 pm

META

SNAP

Snap Inc (NYSE:SNAP) reported Q1 financials with a 21% revenue increase to $1.19 billion, surpassing estimates and showing significant improvement in its ad business. Daily active users rose to 422 million, and shares surged 21% after hours. Adjusted EBITDA and EPS also exceeded expectations. Snap's Q2 guidance beats estimates, indicating continued growth. Meta Platforms (NASDAQ:META) also reported strong earnings, with a 27% revenue increase to $28.65 billion, but shares fell due to weak revenue guidance and increased capital expenditures for AI investments.

Portfolio Pulse from Upwallstreet

April 30, 2024 | 4:35 pm

AGBA

AKLI

CHGG

GMM

KO

MED

VNCE

The Nasdaq Composite fell over 100 points amid lower U.S. stock trading, with Coca-Cola Company reporting better-than-expected Q1 results. Health care shares slightly rose, while energy shares dropped significantly. Akili, AGBA Group Holding, and Global Mofy Metaverse saw their stocks surge on positive developments, whereas Chegg, Vince Holding, and Medifast experienced significant declines following their financial results.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 4:34 pm

LEA

Lear Corporation's shares are trading lower after the company reported mixed results for its first quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:33 pm

ARI

Apollo Commercial Real Estate Finance's shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:32 pm

AIN

Albany International's shares dropped following mixed Q1 results and weaker than expected FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:32 pm

CHGG

COUR

WKSP

In Tuesday's intraday session, 12 consumer discretionary stocks saw significant movements. Worksport, Golden Heaven Group Holdings, Meta Data, Mullen Automotive, Sacks Parente Golf, and Visionary Holdings were among the gainers, with notable increases in their stock prices. On the downside, Chegg, Vince Holding, E-Home Household Service, Neo-Concept International, Flexsteel Industries, and Coursera experienced declines, with several companies' movements tied to recent earnings reports.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 4:31 pm