Streetbeat News

Earnings

RMD

ResMed shares are trading higher following the announcement of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:50 am

PINS

Pinterest shares are experiencing an uptick due to positive financial results and optimistic Q2 revenue guidance from Snap, suggesting a favorable outlook for similar companies in the social media sector.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:50 am

NWG

NatWest Group's shares are trading higher following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:49 am

SNAP

Snap Inc. shares surged following the announcement of its Q1 financial results, which exceeded expectations. The company also provided Q2 revenue guidance that surpassed estimates and reported a year-over-year growth in Q1 daily active users.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:44 am

ABBV

AbbVie's stock price increased following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has uplifted its forecast for the FY24 adjusted EPS, surpassing previous estimates.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:43 am

AAPL

GOOG

MSFT

Jim Cramer criticized the media for focusing too much on Apple's challenges, such as antitrust issues and declining iPhone sales in China, while underreporting Alphabet's and Microsoft's strong quarterly earnings. Alphabet and Microsoft exceeded expectations, while Apple's iPhone sales in China fell by 19.1%, marking its worst performance since 2020. This comes as Wall Street looks forward to Apple's Q2 earnings, with a positive outlook despite recent struggles.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 11:42 am

MDB

MSFT

SNOW

Microsoft Corp. (NASDAQ:MSFT) reported strong Q3 results, attributed to its Cloud business, with Azure's revenue up 23% year-over-year. Analyst Brent Bracelin highlighted Azure's performance, particularly in AI, as exceeding expectations and noted Snowflake, Inc. (NYSE:SNOW) and MongoDB, Inc. (NASDAQ:MDB) as companies to watch due to their indirect exposure to Azure's success. Following the report, MSFT, SNOW, and MDB stocks all saw premarket trading increases.

Portfolio Pulse from Shanthi Rexaline

April 26, 2024 | 11:41 am

HCA

HCA Healthcare's shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:41 am

ABBV

AbbVie has increased its 2024 adjusted EPS guidance from the range of $10.97-$11.17 to $11.13-$11.33, despite an unfavorable impact of $0.08 per share due to acquired IPR&D and milestones expense. This new guidance is slightly above the consensus estimate of $11.12.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:38 am

OPRX

OptimizeRx Corporation (OPRX) forecasts a significant revenue increase of over 40% YoY for 1Q24, expecting to achieve $18.5M-$19.2M, surpassing the $17.03M estimate. This growth is attributed to strong organic growth from its Dynamic Audience Activation Platform (DAAP) and the acquisition of Medicx Health in October 2023. The company also reports progress in commercial integration and cross-selling activities with Medicx, highlighting a potential $2.8 billion opportunity with existing brands. Despite the revenue growth, OPRX anticipates a GAAP net loss and Adjusted EBITDA loss for the quarter.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:37 am