Streetbeat News

Earnings

GNFT

Genfit (NASDAQ:GNFT) reported a decrease in EPS to $(0.62) from $(0.49) YoY, while sales increased to $41.09M from $27.12M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:03 pm

OLPX

Olaplex Holdings has reaffirmed its Q1 net sales outlook, projecting sales to be between $92 million and $97 million, aligning closely with the estimated $95.301 million.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 9:24 pm

ABAT

NEM

NEXA

RDUS

VALE

Radius Recycling reported a Q2 loss with challenges in recycled metal supplies and U.S. manufacturing. American Battery received a $40.5 million award for a new recycling facility. Nexa Resources priced a $600 million offering. Newmont saw mixed investor sentiment. Vale S.A. had its price target lowered by Deutsche Bank.

Portfolio Pulse from Austin DeNoce

April 04, 2024 | 9:01 pm

MMM

3M announced an upcoming investor event and its intention to release full-year 2024 guidance later in April. The company filed a Form 8-K, providing rebaselined financial information. Starting in Q2 2024, Solventum's historical results will be classified as discontinued operations within 3M's financial statements. The forthcoming guidance will treat Solventum as discontinued operations for the entire year, including Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:47 pm

PGR

Deep-pocketed investors have shown a bullish sentiment towards Progressive (NYSE:PGR), with options activity indicating a target price range of $195.0 to $310.0. The analysis of options over the last 3 months reveals a mix of bullish and bearish sentiments, with a majority leaning bullish. Notable options activity includes both calls and puts with significant total trade prices. Progressive, a major auto insurer, is currently trading at $209.24, down by -0.73%, with an anticipated earnings release in 11 days. Analyst ratings for PGR vary, with a consensus target price of $219.8.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 8:45 pm

ORCL

Recent options market activity indicates a bearish sentiment towards Oracle (NYSE:ORCL), with 80% of detected trades being bearish. The analysis of volume and open interest suggests whales are targeting a price range of $100.0 to $145.0 for ORCL over the last 3 months. Notable options activity includes a mix of bullish and bearish positions, with significant trades in both calls and puts. Oracle's current trading volume is 7,434,392, with a price decrease of -1.59%, and an RSI indicating it may be approaching overbought territory. An earnings announcement is expected in 67 days.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 8:45 pm

KRUS

Kura Sushi USA, Inc. (NASDAQ:KRUS) reported mixed Q2 financial results with a larger-than-expected loss per share but higher sales than anticipated. The company missed EPS estimates with a loss of 9 cents per share against an expected loss of 3 cents, but surpassed sales forecasts with $57.29 million against an expected $56.64 million. CEO Hajime Uba expressed confidence in the business, noting the opening of five new restaurants in Q2 and a total of 10 to date, with plans for 13 to 14 new restaurants in fiscal year 2024. The company raised its revenue guidance for FY 2024 to between $243 million and $246 million. KRUS shares rose 3.13% in after-hours trading to $107.10.

Portfolio Pulse from Erica Kollmann

April 04, 2024 | 8:39 pm

MOVE

Movano Inc. (NASDAQ: MOVE) reported a narrower loss of $(0.11) per share in Q4, improving from a loss of $(0.24) per share year-over-year, marking a 54.17% increase in performance.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:33 pm

CNFR

Conifer Holdings (NASDAQ:CNFR) reported a significant miss in Q4 earnings and sales against analyst estimates. The company's losses widened to $(1.59) per share from $(0.10) a year ago, missing the $(0.02) estimate by 7850%. Sales fell 36.18% year-over-year to $14.82M, missing the $15.46M estimate.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:25 pm

DHR

Recent options trading trends for Danaher (NYSE:DHR) show a bearish sentiment among financial giants, with 62% of trades being bearish. Analysis of options history revealed 8 unusual trades, with a significant number being puts. The price target for DHR is set between $230.0 to $250.0. The largest trades observed include both bullish and bearish sentiments, with notable volumes and open interests. Danaher's stock is currently down 1.0% at $241.9, with RSI indicators suggesting it may be approaching oversold territory. The company, which focuses on manufacturing scientific instruments and consumables, is expected to release its next earnings in 19 days.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 8:16 pm