Streetbeat News

Earnings

MICS

The Singing Machine Company (MICS) reported a decrease in net sales to $29.2M from $35.9M and an increase in net loss to $6.4M from $1.7M year-over-year for the nine-month transition period ended December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:13 am

NBIX

VYGR

Voyager Therapeutics is set to receive a $3M milestone payment in Q2 of 2024, triggered by the selection of a development candidate.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:12 am

OPRX

OptimizeRx projects its FY24 revenue to be $100M, which is below the estimated $104.73M.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:08 am

OPRX

OptimizeRx reported Q4 adjusted EPS of $0.26, meeting analyst estimates, and sales of $28.40M, exceeding the $26.47M estimate. This represents a 4% increase in EPS and a 44.50% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:06 am

IGC

IGC Pharma shares surged following positive interim Phase 2 data indicating a reduction in Alzheimer's agitation at week two.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:03 am

IGC

IGC Pharma announced positive interim Phase 2 data for IGC-AD1, showing it met its secondary endpoint and demonstrated a clinical reduction in Alzheimer's agitation at week two. This development could significantly impact IGC Pharma's stock as it progresses in the Alzheimer's treatment market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:02 am

DFLI

Dragonfly Energy Holdings Corp (NASDAQ:DFLI) shares surged in premarket trading after reporting Q4 FY23 results. Despite sales declining to $10.4 million from $20.2 million and missing consensus estimates, the company saw an improvement in adjusted EBITDA and reported a net income of $3.0 million, contrasting with a net loss of $(32.5) million a year ago. EPS was $0.05, beating the consensus estimate of $(0.20). The company is optimistic about 2024, citing advancements in battery cell production and market expansions. Dragonfly forecasts Q1 revenue between $12.0 million and $13.0 million, with an EPS of $(0.13) to $(0.17), and highlights potential growth in the RV and heavy-duty trucking markets.

Portfolio Pulse from Lekha Gupta

April 16, 2024 | 10:55 am

CLNE

GRPN

INO

LII

LYEL

LYV

TVGN

Live Nation Entertainment, Inc. (LYV) shares fell 7.8% in pre-market trading due to a report of an impending antitrust lawsuit by the Justice Department. Other stocks such as Inovio Pharmaceuticals (INO), Groupon (GRPN), Lyell Immunopharma (LYEL), ArcelorMittal (MT), Tevogen Bio Holdings (TVGN), Lennox International (LII), and Clean Energy Fuels Corp (CLNE) also saw declines in pre-market trading due to various reasons including underwritten offerings, tax authority actions, downgrades, and upcoming financial results.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 10:53 am

BAC

JNJ

UAL

UNH

Earnings reports for April 16, 2024, include a mix of expected profits and losses across various sectors. Notable companies like Bank of America, Johnson & Johnson, and UnitedHealth Group are among those reporting before the bell, with projections indicating significant revenues. After the bell, companies such as United Airlines and Omnicom Group will report, with United Airlines expected to report a loss.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 10:53 am

BAC

Bank Of America's shares are trading lower after the company announced its Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:52 am