Streetbeat News

Earnings

JBHT

J.B. Hunt Transport Services' shares declined following the company's failure to meet Q1 revenue and EPS estimates.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:23 pm

CNTB

Connect Biopharma Holdings (NASDAQ:CNTB) reported a narrower loss of $(1.08) per share for the fiscal year, improving from a loss of $(2.15) per share year-over-year, marking a 49.77% increase in earnings.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:22 pm

NIC

Nicolet Bankshares (NYSE:NIC) reported Q1 earnings of $1.72 per share, surpassing the $1.65 estimate, marking an 18.62% increase from last year. However, their Q1 sales of $62.81M fell short of the $71.89M estimate, despite being a 10.73% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:19 pm

BFC

Bank First (NASDAQ:BFC) reported its Q1 2024 earnings with an adjusted EPS of $1.51, surpassing the consensus estimate of $1.47 by 2.72%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:19 pm

BAC

KRE

MS

XLF

U.S. financial stocks and major banks have experienced a downturn following recent earnings reports, with the Financial Select Sector SPDR Fund (XLF) and the SPDR S&P Regional Banking ETF (KRE) both closing at significant lows. Bank of America (BAC) reported Q1 earnings that beat expectations but saw its shares fall, while Morgan Stanley (MS) also exceeded forecasts and its shares rose.

Portfolio Pulse from Piero Cingari

April 16, 2024 | 8:18 pm

ADSK

Autodesk, Inc. (ADSK) is undergoing an internal investigation regarding its free cash flow and non-GAAP operating margin practices, delaying its Form 10-K filing. The company does not believe the investigation affects any previously issued financial statements or its recent earnings release. Autodesk expects to receive a notice from Nasdaq for not meeting the timely filing requirement but plans to submit a compliance plan within 60 days to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:18 pm

AAL

DAL

JBLU

UAL

Airline stocks are trading higher following United's report of better-than-expected Q1 earnings, indicating a positive outlook for the sector.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:13 pm

GAME

GameSquare anticipates surpassing $100M in annual revenue with a gross margin of 22.5%-27.5% for 2024, indicating strong financial health and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:12 pm

GAME

GameSquare reported its FY23 earnings with a narrower EPS loss of $(2.81) compared to $(3.26) YoY and a significant revenue increase to $52M from $28.1M YoY. Despite a higher net loss of $31.3M from $18.1M YoY, the adjusted EBITDA loss improved as a percentage of revenue. The company projects over $100M in revenue for 2024, factoring in contributions from its recent acquisition of FaZe Clan.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:12 pm

NOG

Northern Oil and Gas (NOG) expects Q1 2024 hedging to result in $19.1 million in realized gains but anticipates $146.2 million in unrealized losses. Additionally, NOG repurchased 549,356 shares at an average price of $36.42 each.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:12 pm