Streetbeat News

Earnings

BAC

Bank of America Corp (NYSE:BAC) reported Q1 earnings surpassing expectations with an adjusted net income of $7.2 billion and EPS of 83 cents, beating the 77 cents consensus. Revenue declined slightly, but still exceeded forecasts. Following this, BAC declared a quarterly dividend of 24 cents per share. The article also explains how investors can earn monthly income from BAC's dividends, requiring ownership of a significant number of shares to achieve specific income goals. BAC's stock price fell 1.5% to close at $35.79.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 12:10 pm

MLCO

Melco Resorts & Entertainment (MLCO) reported Q1 earnings of $0.04 per share, missing the $0.05 estimate but beating the $0.03 consensus by 46.67%. Year-over-year, this marks a 131.65% increase from a $(0.14) loss per share. Q1 sales were $1.11B, narrowly missing the $1.12B estimate by 0.71% but representing a 55.20% increase from $716.48M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:10 pm

LDOS

Leidos Holdings' shares surged following the announcement of Q1 results surpassing expectations and an updated forecast for FY24, signaling strong performance and optimistic future projections.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:09 pm

BLND

CYCC

MED

MRIN

WGS

GeneDx Holdings Corp. (NASDAQ:WGS) shares surged 37.4% in pre-market trading after reporting Q1 financial results that exceeded analyst expectations and raising its FY2024 sales guidance. Other stocks also showed significant movement in pre-market trading, with notable gainers including Cyclacel Pharmaceuticals, Greenwave Technology Solutions, and Marin Software, among others. Losers in pre-market trading included Lichen China Limited, Medifast, and iClick Interactive Asia Group.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 12:08 pm

MSC

Studio City Intl Hldgs (NYSE:MSC) reported a significant improvement in Q1 results with losses narrowing to $(0.02) per share from $(0.17) YoY and sales increasing to $150.16M from $51.47M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:08 pm

TRS

TriMas Corporation reaffirmed its FY24 adjusted EPS outlook of $1.95-$2.15, aligning with the $2.00 estimate. The company anticipates a gradual recovery in consumer goods and industrial markets, robust demand in aerospace and defense, and expects performance in Packaging and Aerospace to offset softer demand in Specialty Products.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:07 pm

CHGG

COUR

EAT

MULN

In Tuesday's pre-market session, 12 consumer discretionary stocks showed significant movement. Mullen Automotive, LL Flooring Holdings, Worksport, Tupperware Brands, Brinker International, and Allbirds were among the gainers, with Mullen Automotive leading with a 21.1% increase. On the losing side, Chegg, Coursera, Fenbo Holdings, Nova Lifestyle, Container Store Group, and Lottery.com saw declines, with Chegg experiencing the largest drop of 16.2%. Notably, Brinker International's Q3 earnings were released today, while Chegg and Coursera's Q1 earnings were announced yesterday.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:06 pm

CYCC

GEHC

WGS

In Tuesday's pre-market session, health care stocks showed significant movement. Cyclacel Pharmaceuticals, GeneDx Hldgs, BioRestorative Therapies, Vaccinex, Addex Therapeutics, and Tenet Healthcare were among the gainers, with notable increases in their stock prices. On the other hand, SHL Telemedicine, Nektar Therapeutics, GlucoTrack, GE HealthCare Techs, Virios Therapeutics, and 180 Life Sciences experienced declines. The movements were influenced by factors such as Q1 earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:06 pm

AGX

MMM

WWD

In Tuesday's pre-market session, several industrials stocks showed notable movements. Woodward (WWD) and 3M (MMM) reported their Q2 and Q1 earnings, respectively, leading to significant stock price increases. Other gainers included Greenwave Tech Solns (GWAV), Earlyworks Co (ELWS), Broadwind (BWEN), and Pioneer Power Solutions (PPSI). On the downside, Lichen China (LICN), Swvl Hldgs (SWVL), Shimmick (SHIM), Safe & Green Holdings (SGBX), Argan (AGX), and iSun (ISUN) experienced declines in their stock prices.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:06 pm

FFIV

MASS

MRIN

MSTR

SANM

In Tuesday's pre-market session, several information technology stocks showed significant movement. Marin Software, Auddia, Blend Labs, Movano, 908 Devices, and Aeva Technologies were among the gainers, with Marin Software leading with a 35.2% increase. On the losing side, F5, MicroStrategy, Sanmina, Rubicon Technologies, OMNIQ, and Qorvo saw declines, with F5 experiencing a 9.3% drop. Notably, 908 Devices, F5, MicroStrategy, and Sanmina reported their quarterly earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:06 pm