Streetbeat News

Earnings

ORN

Orion Group Holdings shares are trading lower following the announcement of Q1 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:35 pm

BQ

EJH

JAKK

STRA

In Thursday's intraday session, 12 consumer discretionary stocks showed significant movement. Notably, Boqii Holding and Strategic Education were among the top gainers, with increases of 19.2% and 14.88% respectively, attributed to Boqii Holding's market cap of $1.4 million and Strategic Education's Q1 earnings release. Conversely, E-Home Household Service and Jakks Pacific led the losers, with declines of 73.7% and 16.8% respectively, with E-Home's market cap at $13.6 million and Jakks Pacific's Q1 earnings influencing their stock prices.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:31 pm

GRC

HTZ

ORN

SGBX

ULBI

In Thursday's intraday session, several industrials stocks experienced significant movements. Safe & Green Holdings, P.A.M. Transportation, Ultralife, and others saw notable gains, with Safe & Green Holdings leading at a 61.5% increase. On the downside, Hertz Global Holdings, Wilhelmina International, Microvast Holdings, and others faced declines, with Hertz Global Holdings dropping by 18.3%. Earnings reports influenced several of these movements, particularly for Ultralife, Gorman-Rupp, and Orion Group Holdings.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:31 pm

BNAI

HOLO

PI

In Thursday's intraday session, 12 Information Technology stocks showed significant movement. Notably, Impinj's shares surged 25.4% following their Q1 earnings report. Other gainers included MicroCloud Hologram, VirnetX Holding, WiSA Technologies, Neonode, and ReAlpha Tech Corp, with increases attributed to various factors. Conversely, Brand Engagement Network led the losers with a 30% drop, followed by declines in Cemtrex, Kopin, MMTEC, CommScope Holding Co, and Ostin Technology Group stocks.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:31 pm

JAKK

JAKKS Pacific's stock trades lower following the announcement of Q1 adjusted EPS results that fell below expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:29 pm

BMY

Bristol Myers Squibb & Co (NYSE:BMY) reported Q1 revenues of $11.9 billion, surpassing expectations with a 5% year-over-year increase, driven by Eliquis, Reblozyl, and Opdualag, despite losses from Opdivo and Revlimid. The company swung to a quarterly loss with an adjusted EPS of $(4.40), but beat the consensus loss estimate of $(4.44). A productivity initiative aims to save $1.5 billion by 2025, including cutting 2,200 jobs. Reblozyl sales slightly exceeded expectations, but the new product portfolio's overall performance was underwhelming. BMY revised its 2024 EPS guidance downwards, significantly impacting its stock price, which fell 8.12% to $44.90.

Portfolio Pulse from Vandana Singh

April 25, 2024 | 4:23 pm

NOC

Northrop Grumman Corp (NYSE:NOC) reported a 9% year-over-year sales growth to $10.133 billion in Q1 fiscal 2024, surpassing consensus estimates. EPS rose to $6.32 from $5.50, beating expectations. The company highlighted robust defense spending and a strong backlog as key drivers of its positive outlook, including expected free cash flow growth. Segment sales and operating income saw increases, with notable awards including $3.1 billion for restricted programs. Despite a cash outflow, NOC plans to return over $2 billion to investors through dividends and share repurchases in 2024. The company reaffirmed its fiscal 2024 guidance, expecting sales between $40.8 billion and $41.2 billion and adjusted EPS of $24.45-$24.85.

Portfolio Pulse from Akanksha Bakshi

April 25, 2024 | 4:22 pm

STRA

Strategic Education Inc (NASDAQ:STRA) shares surged after reporting a 13.1% year-on-year sales growth to $290.3 million in Q1 2024, surpassing analyst estimates. Expenses decreased by 3.6%, and the company saw significant improvements in operating margin, adjusted EBITDA, and EPS. A quarterly dividend of $0.60 per share was declared, with the stock price rising by 11.9% to $112.62.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 4:21 pm

CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares rose after reporting higher-than-expected Q1 sales and earnings, with several analysts upgrading their price targets and reiterating positive ratings. The company's standout performance, driven by strong same-store sales growth, impressive traffic trends, and operational efficiencies, led to increased optimism among analysts. Management also raised its 2024 same-store sales guidance, reflecting confidence in sustained growth.

Portfolio Pulse from Priya Nigam

April 25, 2024 | 4:13 pm

NEU

NewMarket's stock trades lower following a report of decreased Q1 net sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:07 pm