Streetbeat News

Earnings

PSX

Phillips 66's CFO reported a $180M loss for its Rodeo facility in Q1 during a conference call.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 4:37 pm

ACCD

AGEN

BDRX

NUWE

In Friday's intraday session, several health care stocks showed significant movement. Biodexa Pharmaceuticals, Agenus, Sunshine Biopharma, Cullinan Therapeutics, ImmunityBio, and Zura Bio were among the gainers with notable percentage increases in their stock prices. Conversely, Nuwellis, IMAC Holdings, NKGen Biotech, Aclarion, Accolade, and X4 Pharmaceuticals experienced declines. Accolade's drop was highlighted alongside its Q4 earnings report release.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:31 pm

PEGY

SAIA

SGBX

ULH

In Friday's intraday session, notable movements were observed in the industrials stocks sector. Universal Logistics Holdings and Pineapple Energy saw significant gains, while Safe & Green Holdings and Saia experienced notable declines. The movements were largely influenced by the release of Q1 earnings reports for several companies.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:31 pm

AIRE

ATOM

FCUV

IFBD

INTC

In Friday's intraday session, 12 Information Technology stocks showed significant movement. Focus Universal, Infobird Co, Maxeon Solar Technologies, Rubicon Technologies, Kingsoft Cloud Holdings, and Mobix Labs were among the gainers, with Focus Universal leading with a 36.0% increase. On the downside, ReAlpha Tech Corp, Atomera, MMTEC, Strong Global, BIT Mining, and Intel reported losses, with ReAlpha Tech Corp experiencing an 18.0% decline. Notably, Atomera and Intel's stock movements were influenced by their Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:31 pm

IBM

IBM shares are trading lower despite the company's expansion in Canada through agreements with the Government of Canada and Quebec to develop semiconductor modules. The combined investment is valued at approximately C$187 million, aiming to enhance Canada's position in the semiconductor supply chain. This move is expected to create high-paying jobs and strengthen supply chains. However, IBM's recent financial results showed a revenue increase of 1% year-over-year to $14.46 billion, missing the consensus estimate of $14.55 billion.

Portfolio Pulse from Nabaparna Bhattacharya

April 26, 2024 | 4:29 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) reported third-quarter financial results surpassing analyst estimates, driven by strong growth in artificial intelligence platforms. Analysts from Oppenheimer, Raymond James, Goldman Sachs, Morgan Stanley, Wedbush, Bank of America, JPMorgan, BMO Capital, KeyBanc, Stifel, and Truist have all provided positive outlooks, with increased price targets reflecting confidence in Microsoft's AI-driven growth potential. The company's Azure platform, particularly its AI capabilities, was highlighted as a key growth driver, with expectations of continued market share expansion and revenue growth.

Portfolio Pulse from Chris Katje

April 26, 2024 | 4:29 pm

ATOM

Atomera shares are trading lower following the company's report of worse-than-expected Q1 results.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 4:26 pm

ORCL

Oracle shares are trading higher, following Microsoft's lead after the latter's positive quarterly earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 4:24 pm

CSL

Carlisle shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 4:21 pm

SMCI

Super Micro Computer (SMCI) shares are trading higher, benefiting from the broader gains in AI and chip stocks, which were spurred by positive Microsoft earnings.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 4:17 pm