Streetbeat News

Earnings

MED

Medifast shares are trading lower following the announcement of mixed Q1 financial results, indicating a disparity between expected and actual financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:33 pm

PARA

Paramount Global announced CEO Bob Bakish's departure amid ongoing merger talks with Skydance Media. The company missed Q1 revenue estimates but exceeded earnings expectations. Paramount's DTC segment, including Paramount+, showed significant growth, with a 51% increase in revenue and 3.7 million new subscribers. Shares rose 2.85% following the news and proposed concessions to shareholders.

Portfolio Pulse from Chris Katje

April 29, 2024 | 8:31 pm

CHGG

COUR

In Monday's after-market session, 12 consumer discretionary stocks saw significant movements. LL Flooring Holdings, Zapp Electric Vehicles, Visionary Holdings, Golden Heaven Group Holdings, Qurate Retail, and Nerdy were among the gainers, with LL Flooring leading by a 25.8% increase. On the downside, Coursera, Lixiang Education Holding, J-Long Group, Golden Sun Health, Chegg, and Cenntro experienced declines, with Coursera dropping 16.7% following its Q1 earnings report.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 8:31 pm

MED

Medifast reported Q1 2024 earnings of $0.66 per share, missing the consensus estimate of $0.78, and sales of $174.739M, beating the estimate of $168.900M. This represents a significant decrease in both earnings and sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:31 pm

GCTK

VAXX

WGS

In Monday's after-market session, several health care stocks showed notable movements. GeneDx Holdings led the gainers with a 21.8% increase following their Q1 earnings release, while GlucoTrack experienced the largest decline among the losers, dropping 10.7%. Other notable movers included InnovAge Holding, Mustang Bio, and Vaxxinity, each responding to market dynamics and company-specific news.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 8:31 pm

AMKR

BLND

FFIV

LSCC

MRIN

SANM

In Monday's after-market session, several Information Technology stocks showed significant movement. Marin Software, Blend Labs, and Focus Universal were among the top gainers, with Marin Software leading at a 37.9% increase. On the downside, F5, Sanmina, and OMNIQ were the top losers, with F5 experiencing an 11.1% decline. Notably, Amkor Tech, F5, Sanmina, and Lattice Semiconductor released their earnings reports, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 8:31 pm

YUMC

Yum China Holdings (YUMC) reported Q1 2024 adjusted EPS of $0.71, surpassing the $0.65 estimate, but its sales of $2.96B fell short of the $3.05B forecast, marking a 1.47% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:31 pm

FLS

Flowserve has increased its adjusted earnings per share (EPS) forecast for fiscal year 2024 from the range of $2.40-$2.60 to $2.50-$2.70, compared to the analyst estimate of $2.54.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:31 pm

ETWO

E2open Parent Holdings (NYSE:ETWO) reported Q4 2024 adjusted EPS of $0.05, surpassing the $0.04 estimate, with sales of $158.449M beating the $155.392M estimate. This represents a 28.57% decrease in earnings and a 4.70% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:30 pm

HLIT

Harmonic has adjusted its FY24 adjusted EPS forecast, narrowing the range from $0.49-$0.72 to $0.51-$0.71, with an estimated EPS of $0.56.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:30 pm