Streetbeat News

Earnings

C

Citi's CFO announced during a conference call that the company expects a downward trajectory in expenses for the remainder of the year, aligning with previous guidance.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:31 pm

AGX

DCFC

GTI

LICY

TOMZ

In Friday's intraday session, several industrials stocks showed significant movement. Argan (AGX) led the gainers with a 24.4% increase following their Q4 earnings release, while Tritium DCFC (DCFC) experienced the largest drop among the losers, declining by 16.5%. Other notable movers included TOMI Environmental Solutions (TOMZ), Graphjet Tech (GTI), and Li-Cycle Holdings (LICY), reflecting a mix of market reactions to various company-specific developments.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:30 pm

JPM

JPMorgan Chase (NYSE:JPM) reported Q1 earnings of $4.44 per share, surpassing the analyst consensus of $3.82, and sales of $42.55 billion, exceeding estimates of $38.53 billion. This represents an 8.29% increase in earnings and an 8.17% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:15 pm

BA

DAL

LUV

UAL

Delta Air Lines Inc (NYSE:DAL) reported a profitable first quarter with record sales, outperforming rivals like United Airlines (NASDAQ:UAL) and Southwest Airlines Co (NYSE:LUV), which faced disruptions partly due to issues with Boeing (NYSE:BA). Delta's success was attributed to increased demand for business travel and efficient operations, despite the industry's challenges. The company also provided positive guidance for the upcoming quarter and reaffirmed its full-year earnings and cash flow forecasts.

Portfolio Pulse from Upwallstreet

April 12, 2024 | 4:01 pm

UNP

Significant bearish options activity has been detected in Union Pacific (NYSE:UNP) by Benzinga, with a focus on a price band between $210.0 and $250.0. The activity includes 9 transactions, predominantly puts, indicating a bearish sentiment. Analysts have mixed ratings on UNP, with price targets ranging from $243 to $274. The company's stock is slightly down with an upcoming earnings announcement, suggesting potential volatility.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:33 pm

ACB

A significant option activity was observed for Aurora Cannabis (ACB) with a sweep of 4219 calls at $7 for this Friday, priced at $0.17, compared to an open interest of 4704. This activity comes ahead of their earnings report, estimated to be released before the market opens on May 15th, with the stock reference price at $6.7898.

Portfolio Pulse from Charles Gross

April 12, 2024 | 3:30 pm

AGX

Argan shares are trading higher following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:27 pm

CEG

CMG

RBLX

RENT

RLYB

Benzinga's Stock Whisper Index highlights five stocks: Rent the Runway (RENT), Rallybio Corp (RLYB), Constellation Energy Corp (CEG), Roblox Corp (RBLX), and Chipotle Mexican Grill (CMG). RENT's stock soared with positive Q4 results and guidance. RLYB shares jumped after a development agreement with Johnson & Johnson (JNJ). CEG's stock is up 148% over the past year, with strong Q4 results. RBLX is gaining interest ahead of Q1 results, partly due to a new advertising strategy with PubMatic Inc (PUBM). CMG's stock is near all-time highs, with a proposed 50-for-1 stock split.

Portfolio Pulse from Chris Katje

April 12, 2024 | 3:26 pm

C

Citi's CEO expressed cautious optimism about a potential measured reopening of the IPO market in the second quarter, as stated during a conference call.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:16 pm

C

Citi's CEO reported during a conference call that M&A revenues remain low industry-wide, yet corporate sentiment is notably positive. This mixed outlook reflects the current state of the mergers and acquisitions market.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:15 pm