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Earnings

PFE

Pfizer announced positive results from a Phase 3 study of ABRYSVO, aimed at adults aged 18 to 59 at increased risk for RSV disease. The study highlights the significant percentage of adults with chronic conditions at risk of severe RSV disease.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:46 am

EIPX

HJEN

BP p.l.c. (NYSE:BP) shares rose in premarket trading after the company provided a positive trading update for Q1 2024, expecting higher upstream production. The update included projected impacts from various segments, with overall production expected to be slightly higher year-over-year. BP also anticipates a capital expenditure of around $16 billion for FY24. Additionally, BP is nearing a deal to sell some Trinidad and Tobago assets to Perenco. Investors can also gain exposure to BP through Direxion Hydrogen ETF (NYSE:HJEN) and First Trust Energy Income Partners Strategy ETF (NYSE:EIPX).

Portfolio Pulse from Lekha Gupta

April 09, 2024 | 10:39 am

Air Lease Corporation reported that its Q1 aircraft sales proceeds amounted to $240 million, indicating a significant transaction volume for the period.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:37 am

Air Lease Corporation (AL) reported that its aircraft investments for the first quarter amounted to $900 million. This significant investment highlights the company's ongoing commitment to expanding its fleet and enhancing its offerings in the competitive aircraft leasing industry.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:36 am

BPTS

MDIA

MYMD

VINC

Biophytis S.A. (NASDAQ:BPTS) shares surged by 55% in pre-market trading after reporting a significant reduction in FY23 loss per share compared to the previous year. Other stocks also showed notable movements in pre-market trading, with several companies experiencing gains or losses based on recent developments, financial results, or market reactions.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 10:05 am

AEHR

CGNT

GREE

KITT

NEOG

NRXS

PSMT

SGH

TLRY

WDFC

Earnings reports for April 9, 2024, include a mix of projected losses and gains across various sectors. Tilray Brands, Cognyte Software, and Nauticus Robotics are expected to report losses, while Neogen, SMART Global Holdings, WD-40, and Pricesmart anticipate profits. Other companies like Neuraxis, Greenidge Generation, and Aehr Test Systems will also report their financial outcomes.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 9:35 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

SPY

TSLA

Analyst Jeffrey Buchbinder of LPL Financial predicts a 6% S&P 500 earnings growth for Q1, driven by big tech companies like Alphabet, Amazon, Microsoft, Meta Platforms, and Nvidia, despite challenges such as inflation and rising interest rates. The 'Magnificent 7' are expected to significantly outperform the rest of the S&P 500, with a projected 40% year-over-year earnings growth for these tech giants. However, Apple and Tesla are anticipated to see earnings decline. The SPDR S&P 500 ETF Trust (SPY) experienced a slight premarket dip but has risen 9.47% in Q1.

Portfolio Pulse from Shanthi Rexaline

April 09, 2024 | 9:20 am

BP's Oil Production & Operations segment is expected to face an adverse impact of $0.3B to $0.6B in Q1, indicating potential challenges in its operational performance.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 9:01 am

BP's Gas & Low Carbon Energy segment is expected to face an adverse impact of $0.2 billion to $0.4 billion in the first quarter. This financial hit is significant for investors as it directly affects BP's quarterly financial performance, potentially influencing the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 9:00 am

BP anticipates its upstream production in Q1 FY24 to exceed the levels seen in Q4 FY23, signaling potential growth in production capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:58 am