Streetbeat News

Earnings

MPC

Marathon Petroleum's stock is trading lower after the company reported its first-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:27 pm

APM

Aptorum Gr (NASDAQ:APM) reported a significant improvement in its FY EPS to $(0.62) from $(2.75) YoY, although sales decreased to $431.38K from $1.30M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:26 pm

CLSK

MARA

MSTR

RIOT

Bitcoin mining stocks including Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are trading lower amid a drop in bitcoin prices and following poor financial results from MicroStrategy Inc (MSTR). Bitcoin's price fell about 2.22%, affecting demand for bitcoin ETFs and mining stocks. MicroStrategy reported a 5% year-over-year revenue decline and a quarterly loss, impacting sentiment. Upcoming earnings reports from MARA, RIOT, and CLSK are also in focus.

Portfolio Pulse from Adam Eckert

April 30, 2024 | 1:25 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) reported Q1 financial results below expectations, with a 5% year-over-year revenue decline to $115.2 million, missing estimates. The company also reported a significant quarterly loss and a decrease in various revenue streams. Despite this, MicroStrategy continued its Bitcoin investment strategy, purchasing 25,250 Bitcoin, bringing its total holdings to 214,400 Bitcoin. Following the report, Canaccord Genuity maintained a Buy rating on MSTR but lowered the price target from $1,810 to $1,590. MSTR shares dropped 6.88% to $1,204.00.

Portfolio Pulse from Adam Eckert

April 30, 2024 | 1:25 pm

SSBI

Summit State Bank (NASDAQ:SSBI) reported a significant decrease in its quarterly earnings, with EPS dropping to $0.21 from $0.62 YoY, marking a 66.13% decline.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:20 pm

NRXP

NRx Pharmaceuticals shares dropped following the announcement of results from its Phase 2b/3 trial of NRX-101 vs. Lurasidone, indicating potentially disappointing outcomes or market reactions.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:19 pm

EAF

EXFY

RVP

Insiders are buying shares of GrafTech International, Expensify, and Retractable Technologies, indicating confidence in these companies. GrafTech reported strong Q1 results, Expensify is set to announce Q1 results, and Retractable Technologies has already reported its results for 2023.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 1:17 pm

FFIV

F5, Inc. (NASDAQ:FFIV) reported Q2 earnings above market estimates but provided a weaker than expected forecast for Q3, leading to price target cuts by Piper Sandler and Barclays. Despite the cautious outlook, F5's shares slightly rose by 0.1%.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 1:17 pm

HLIT

Harmonic shares are trading higher following a Q1 revenue beat.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:16 pm

MAC

Macerich 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

April 30, 2024 | 1:14 pm