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Earnings

PLAY

Dave & Buster's shares are trading lower due to worse-than-expected Q4 results.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:09 pm

PLAY

Dave & Buster's reported a 7.0% decrease in Q4 pro forma combined comparable store sales year-over-year, but an 8.0% increase compared to 2019. This includes sales from Main Event branded stores.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:07 pm

INTC

Intel has introduced a new financial reporting structure aligned with its Foundry operating model for 2024 and beyond. The company provided recast financial results for 2023, 2022, and 2021, outlining a path for long-term growth and profitability of Intel Foundry. The new structure aims at improving financial performance and increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:06 pm

CALM

Cal-Maine Foods (NASDAQ:CALM) reported Q3 earnings of $3.00 per share, surpassing the $2.46 estimate, and sales of $703.08M, exceeding the $692.35M estimate. However, this represents a 54.68% decrease in earnings and a 29.52% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:06 pm

PLAY

Dave & Buster's (NASDAQ:PLAY) reported Q4 2024 adjusted EPS of $1.03, missing the $1.10 estimate, and sales of $599.1M, below the $602.609M estimate.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:06 pm

LENZ

LENZ Therapeutics, Inc. (NASDAQ:LENZ), a late clinical-stage biopharmaceutical company, announced a conference call and webcast to discuss Phase 3 CLARITY study results for its presbyopia treatments, LNZ100 and LNZ101, on April 3, 2024. The study focuses on the efficacy and safety of these aceclidine-based eye drops.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:03 pm

TT

Trane Technologies (NYSE:TT) has been evaluated by 4 analysts over the last three months, showing a shift towards a more bullish stance with an average 12-month price target of $284.5, marking a 13.23% increase from the previous target. The company, known for its HVAC and refrigeration solutions, has shown positive financial performance with a revenue growth rate of 8.6% and a net margin of 11.4%, despite a below-average ROE of 7.37%. Analysts from Barclays, Stephens & Co., Goldman Sachs, and RBC Capital have raised their price targets, reflecting optimism about the company's future.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:00 pm

BX

Over the last three months, 11 analysts have provided diverse opinions on Blackstone (NYSE:BX), with recent ratings showing a shift towards neutrality. The average 12-month price target for BX has increased to $126.91, up 3.85% from $122.20. Analyst actions include both upgrades and downgrades, reflecting changing market dynamics and Blackstone's performance. Despite the mixed analyst outlook, Blackstone faces financial challenges, including a -27.18% decline in revenue growth and below-average profitability metrics as of December 31, 2023. The company, the world's largest alternative-asset manager, has a significant market presence but struggles with high debt levels and efficiency in asset and equity utilization.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:00 pm

BTCUSD

Bitcoin has seen significant growth, rallying over 55% since the year's start and nearly 135% over the past year, driven by the approval of spot Bitcoin ETFs and anticipation of the upcoming halving event. Anthony Pompliano of Pomp Investments highlighted Bitcoin's recent milestones and predicted a potential 300% rally post-halving, attributing the surge to a combination of demand shock and upcoming supply shock. He also discussed Bitcoin as an inflation hedge and a forward-looking asset, especially in the context of rising inflation and the asset's performance against the US dollar.

Portfolio Pulse from Adam Eckert

April 02, 2024 | 7:39 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) reported a decline in Q1 deliveries to 386,810 vehicles from 422,875 a year earlier, with production also dropping. The company cited production challenges, the Red Sea conflict, and an arson attack at Gigafactory Berlin as reasons. Tesla's stock has fallen 14.52% over the past year and 33% year-to-date, with technical indicators showing bearish signals. The stock is trading below key moving averages, and indicators like MACD and Bollinger Bands suggest a bearish outlook, despite the RSI indicating oversold conditions.

Portfolio Pulse from Surbhi Jain

April 02, 2024 | 7:23 pm