Streetbeat News

Earnings

BEEM

Beam Global (NASDAQ:BEEM) reported Q4 earnings with a loss of $(0.51) per share, missing the $(0.41) estimate, but sales of $20.00M exceeded the $18.02M forecast, marking a significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:42 am

SMXT

SolarMax Technology reported a significant improvement in its financial performance for 2023, with EPS rising to $0.01 from $(0.17) year-over-year. Revenue also increased to $54.14M from $44.72M in the same period.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:38 am

VINO

Gaucho Group has announced a delay in filing its 2023 annual report due to an extended financial review. This development may raise concerns among investors regarding the company's financial health and transparency.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:28 am

TRV

The Travelers Companies, Inc. (TRV) is anticipated to report higher Q1 earnings with an expected EPS of $4.90, up from $4.11 year-over-year, and revenue forecasted at $10.51 billion versus $9.4 billion. Following record Q4 earnings, TRV's stock rose 0.9% to $223.12. Analysts from Citigroup, Piper Sandler, UBS, Raymond James, and RBC Capital have updated their ratings and price targets, reflecting a mix of Neutral and Strong Buy positions.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 6:13 am

ABT

ITCI

OTRK

TRV

USB

Stocks to watch include Abbott Laboratories, Intra-Cellular Therapies, U.S. Bancorp, Ontrak, and The Travelers Companies, with a focus on upcoming earnings reports and financial results. Abbott Laboratories is expected to report earnings with a positive after-hours trading response, while Intra-Cellular Therapies announced a $500 million public offering, leading to a stock price decline. U.S. Bancorp's earnings expectations are set, with a slight decrease in after-hours trading. Ontrak reported worse-than-expected financial results, causing a significant drop in its stock price. The Travelers Companies is anticipated to post earnings, with a slight increase in after-hours trading.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 6:06 am

VLVLY

Volvo reported a Q1 EPS of $0.67, up 9.02% from $0.61 YoY, with sales reaching $12.62B, a 0.36% increase from $12.58B YoY.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:45 am

ASML

ASML reported that its Q1 net bookings amounted to €3.6 billion, with €656 million attributed to EUV technology orders.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:21 am

ASML

ASML anticipates Q2 2024 net sales to range from €5.7B to €6.2B with a gross margin of 50%-51%. The company also reaffirms its 2024 sales outlook to align with 2023 figures.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:20 am

ASML

ASML Holding reported Q1 earnings of $3.38 per share, missing the $3.43 estimate, and sales of $5.75B, below the $6.13B estimate. This represents a 36.4% decrease in earnings and a 20.65% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:14 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) sold over 2,800 Cybertrucks in the U.S. during Q1, outperforming Porsche's Taycan sales but lagging behind Ford's F-150 Lightning and Rivian's R1T. Despite the competition and the Cybertruck's modest sales compared to Tesla's Model Y, its performance against the Taycan highlights Tesla's growing influence in the EV market. Elon Musk's previous comments have fueled a rivalry between Tesla and Porsche, emphasizing the competition in electric vehicle technology.

Portfolio Pulse from Anan Ashraf

April 17, 2024 | 4:44 am