Streetbeat News

Earnings

TSLA

Tesla, Inc. (NASDAQ:TSLA) reduced the prices of its Model S, X, and Y vehicles in the U.S. by $2,000, marking a strategy shift that has previously been criticized. This move comes as Tesla faces negative volume growth, with first-quarter deliveries declining year-over-year for the first time since Q2 2020. The price cuts are seen as a response to declining auto gross margins and overall pressure on the EV industry. Tesla also ended its referral program in the U.S. and announced layoffs, including high-profile executives. The company is set to report its first-quarter results soon, with analysts expecting a decrease in earnings per share and revenue compared to the previous year.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 3:57 am

NOW

Whales have shown a bearish stance on ServiceNow (NYSE:NOW), with options trading indicating a mix of bullish and bearish expectations. Notable trades include a range of puts and calls, targeting a price range from $300 to $1040. ServiceNow's current trading volume is 1,536,830, with a recent price drop of -2.39%, and an earnings announcement expected in 5 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 8:45 pm

AZN

AstraZeneca (NASDAQ:AZN) has seen significant bearish options activity, with 83% of traders showing bearish tendencies and a focus on a price band between $66.0 and $77.5. The largest options trades indicate a bearish sentiment despite a small portion of bullish activity. AstraZeneca, a major pharmaceutical company, has its stock slightly up by 0.28% at $68.55, with an upcoming earnings report in 6 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 8:45 pm

AIRE

ReAlpha Tech Corp (NASDAQ:AIRE) reported a Q1 EPS loss of $(0.03), a 50% increase in loss compared to $(0.02) YoY. Sales decreased by 81.67% to $20.43K from $111.45K YoY.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:36 pm

GDHG

MGOL

NRDY

PEV

PLBY

VMAR

In Friday's after-market session, 12 consumer discretionary stocks saw significant movements. Notably, Golden Heaven Group Holdings, MGO Global, PLBY Group, Phoenix Motor, SRIVARU Holding, and Jeffs Brands experienced gains, while Vision Marine, Boqii Holding, ZHONGCHAO, Nerdy, TH International, and Xcel Brands faced declines. The movements were attributed to various factors including recent earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 8:31 pm

CFFI

C&F Financial (NASDAQ:CFFI) reported a decrease in Q1 earnings to $1.01 per share from $1.86 YoY and a sales decline to $23.16M from $24.96M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:21 pm

PKBK

Parke Bancorp reported its Q1 revenue at $30.50 million.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:17 pm

BCBP

BCB Bancorp (NASDAQ:BCBP) reported Q1 2024 earnings of $0.32 per share, missing the consensus estimate of $0.34 by 5.88%.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:17 pm

PKBK

Parke Bancorp (NASDAQ:PKBK) reported a significant decrease in its quarterly earnings, with EPS dropping to $0.51 from $0.92 YoY, marking a 44.57% decline.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:17 pm

MRVL

Whales have shown a bearish stance on Marvell Tech (NASDAQ:MRVL), with 61% of detected trades being bearish. The options trading activity indicates a focus on a price band between $50.0 and $90.0. Despite this, analysts have set an average target price of $89.8 for MRVL, with mixed ratings from various firms. The stock is currently down by -4.77%, with a trading volume of 14,439,124 and an RSI suggesting it may be approaching oversold territory. The next earnings report is due in 34 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 8:16 pm