Streetbeat News

Earnings

BNTC

BPTH

THCH

Bio-Path Holdings (BPTH) shares surged after announcing the completion of its second dose cohort in a Phase 1/1b clinical trial of BP1002 for treating acute myeloid leukemia. TH International (THCH) shares rose following a report of increased Q4 financial results year-over-year. Benitec Biopharma (BNTC) shares increased after announcing a $40 million oversubscribed private placement financing and positive interim clinical data for BB-301 in a Phase 1b/2a study.

Portfolio Pulse from ryanfaloona@benzinga.com

April 18, 2024 | 12:35 pm

ABBV

AbbVie announced positive results from the Phase 3 SELECT-GCA study of upadacitinib for treating giant cell arteritis (GCA), showing significant efficacy in achieving sustained remission compared to placebo. The study's safety profile was consistent with previous findings, with no new safety signals identified. Upadacitinib, if approved, could become the first oral treatment option for GCA, addressing a significant unmet medical need.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:32 pm

BMI

Badger Meter reported Q1 2024 earnings of $0.99 per share, surpassing the $0.83 estimate, marking a 50% increase from last year. Sales reached $196.280M, beating the $182.260M estimate, a 23.37% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:32 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) stock is experiencing a significant decline ahead of its Q1 earnings report, with challenges including slowing sales, squeezed margins, and strategic uncertainty. Analyst downgrades, including a notable shift from Deutsche Bank and Barclays, have added to the pressure. The stock has fallen in premarket trading and is considered oversold, but fundamental weaknesses persist. Key support levels to watch are at $130, with potential further drops to $104 or the $86-$100 range.

Portfolio Pulse from Shanthi Rexaline

April 18, 2024 | 12:30 pm

BCOV

IZEA

Insiders at IZEA Worldwide, PetVivo Holdings, and Brightcove have recently made significant stock purchases. IZEA's 10% owner bought shares at $2.50 each, PetVivo's CEO acquired shares at $0.60 each, and Brightcove's 10% owner purchased shares at $1.69 each. These transactions may indicate insider confidence in the companies' futures, despite IZEA posting downbeat quarterly earnings and PetVivo naming a new CFO. Brightcove also appointed a new CFO recently.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 12:27 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares have declined 37.4% year-to-date amid debates on its future. A recent TV debate showcased contrasting views between a Tesla bull, Bryn Talkington, who supports investing in Tesla despite current challenges, and a short-seller, Steve Weiss, who is pessimistic due to concerns like waning EV demand and competition. Tesla's first-quarter deliveries fell 8.5% year-on-year, impacting expectations for its upcoming quarterly results.

Portfolio Pulse from Anan Ashraf

April 18, 2024 | 12:21 pm

CAT

Caterpillar Inc. (NYSE:CAT), a 'Dividend Aristocrat,' is forecasted by analysts to see a 22% stock price surge amid economic uncertainty. The company, known for its consistent dividend increases for over 25 years, has outperformed the market with a 21.1% YTD increase. Analysts rate CAT as a 'Moderate Buy' with a mean price target of $322.79, while Jefferies suggests a 22.8% upside potential. Caterpillar's strong financials, including a robust cash balance and significant cash flow generation, support continued dividend growth.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 12:17 pm

HOMB

Home BancShares (NYSE:HOMB) reported Q1 adjusted EPS of $0.49, surpassing the $0.46 estimate, with sales of $246.39M also beating the $240.46M estimate. However, this represents a 9.26% decrease in earnings and a 0.95% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:17 pm

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares are rising in the premarket session after announcing its parent company, Vingroup, reached an agreement with institutional investors to partially redeem and amend $625.0 million of exchangeable bonds. The deal involves a 50% redemption of bonds held by each investor, with the rest subject to scheduled redemptions. This move comes as VinFast reaffirms its target to deliver 100,000 EVs in FY24, despite reporting a wider Q1 EPS loss than expected and a significant year-over-year revenue increase.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 12:13 pm

NFLX

NOK

TSM

Earnings reports for April 18, 2024, include a wide range of companies across various sectors. Notable mentions include Nokia, Taiwan Semiconductor, and Netflix, with expectations of earnings per share at $0.06, $1.31, and $4.50 respectively. Other companies like Alaska Air Gr and Ally Financial are also set to report, indicating a diverse earnings day across technology, finance, and consumer sectors.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:10 pm