Streetbeat News

Earnings

MSTR

MicroStrategy Inc. (NASDAQ:MSTR) is considering increasing its leveraged bets on Bitcoin, with its CEO Phong Le highlighting the potential for greater value generation from its Bitcoin holdings if the cryptocurrency's price rises. The company, which already holds over 214,400 Bitcoins worth $14 billion, has been raising capital through debt and stock offerings to purchase more Bitcoin. Despite a 5.51% decrease in sales year-over-year in its first-quarter financial results, MicroStrategy's strategy has been to leverage its corporate structure and access to capital markets to expand its Bitcoin investments, even as this approach has drawn criticism for its risk exposure.

Portfolio Pulse from Kaustubh Bagalkote

April 30, 2024 | 5:14 am

MCD

McDonald's Corporation (NYSE:MCD) is anticipated to report higher Q1 earnings with an expected EPS of $2.72, up from $2.63 year-over-year, and revenue of $6.16 billion, up from $5.9 billion. The company plans to repurchase all its franchises in Israel amid Middle East tensions. Shares rose 0.2% to $273.55 recently. Analysts have adjusted their price targets and ratings, with changes reflecting a mix of maintained ratings and reduced price targets.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 5:06 am

AMD

KTOS

META

PLTR

TDOC

TWOU

Cathie Wood's Ark Invest purchased over $4M worth of shares in Palantir Technologies Inc (PLTR) and Meta Platforms Inc (META), ahead of Palantir's Q1 earnings and following Meta's strong revenue report. Ark Invest also sold shares of Teladoc Health Inc (TDOC), 2U Inc (TWOU), and Kratos Defense and Security Solutions Inc (KTOS), while buying shares of Advanced Micro Devices Inc (AMD).

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 4:12 am

AMZN

MSTR

MULN

SOFI

TSLA

Mullen Automotive's stock surged 81.01% after California Air Resources Board approval, Amazon saw a modest increase ahead of its Q1 financial results, SoFi Technologies dropped 10.48% post Q1 results, MicroStrategy's stock rose slightly with Bitcoin holdings update, and Tesla soared 15.31% on FSD technology milestone in China. The Dow Jones, S&P 500, and Nasdaq all closed up.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 3:28 am

SSNLF

Samsung Electronics Co., Ltd. (OTC:SSNLF) reported a 931.9% increase in Q1 operating profit, primarily due to a strong recovery in its semiconductor division. The company's overall revenue rose by 12.8% year-on-year, with the chip business bouncing back from five consecutive quarters of losses. The Device Solutions division, overseeing the chip business, saw a 68% revenue increase and turned a previous year's loss into a profit. However, the Mobile Experience division experienced a slight profit drop.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 2:20 am

FSBC

Five Star (NASDAQ:FSBC) reported Q1 earnings of $0.62 per share, surpassing the consensus estimate of $0.53 by 16.98%. However, this represents a 19.48% decrease from the $0.77 per share earned in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:48 pm

PLOW

Douglas Dynamics has updated its FY2024 financial guidance, narrowing its adjusted EPS range to $1.20-$1.70 from the previous $1.20-$2.10, aligning closely with the analyst estimate of $1.49. The company also tightened its sales forecast to $600M-$640M from $600M-$660M, which is in line with the analyst expectation of $610.83M.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:46 pm

WGS

GeneDx Hldgs (NASDAQ:WGS) has increased its FY2024 sales guidance from the previous range of $220.00 million-$230.00 million to a new range of $235.00 million-$245.00 million.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:40 pm

PLOW

Douglas Dynamics (NYSE:PLOW) reported Q1 2024 adjusted EPS of $(0.29), surpassing the $(0.30) estimate, and sales of $95.655M, exceeding the $91.467M estimate. This represents a 47.27% increase in EPS and a 15.88% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:11 pm

SMBC

Southern Missouri Bancorp (SMBC) reported Q3 2024 earnings of $0.99 per share, surpassing the $0.98 estimate. However, their sales of $40.093M fell short of the $41.880M estimate, marking a slight 0.10% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:04 pm