Streetbeat News

Earnings

IMCC

IM Cannabis shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:49 pm

SHWZ

Schwazze (OTC:SHWZ) reported a revenue increase of 8% in Q4 2023 to $43.3 million, despite a challenging competitive landscape in the cannabis retail sector, particularly in Colorado and New Mexico. The company expanded its store footprint by over 50% to 63 dispensaries. However, gross profit dropped significantly to $7.0 million from $21.7 million in the same quarter last year, leading to a net loss of $33.9 million. The company attributes the fierce competition and market pressures for the financial outcomes but remains optimistic about future growth and regulatory momentum.

Portfolio Pulse from Maureen Meehan

March 28, 2024 | 3:42 pm

INTT

InTest Corporation's shares surged following the announcement of adjusted EPS results that exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:38 pm

KINS

Kingstone (KINS) shares surged following the announcement of their Q4 adjusted EPS results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:37 pm

STRO

Sutro Biopharma's stock trades higher as Oppenheimer reaffirms its Outperform rating and $10 price target following the company's 2023 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:30 pm

EOG

EOG Resources Inc. (NYSE:EOG) stock is currently trading at $127.32, marking a 0.74% increase. Over the past month and year, the stock has risen by 11.23% and 11.06%, respectively. Its P/E ratio of 9.72 is lower than the industry average of 12.77, suggesting potential undervaluation or weaker growth prospects compared to its peers in the Oil, Gas & Consumable Fuels industry.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 3:30 pm

PLBY

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

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:29 pm

LOWLF

Lowell Farms Inc (OTCQB:LOWLF), a California-based cannabis company, reported a 35% decrease in annual revenue for 2023, totaling $28.3 million, and a 19% decrease in Q4 revenue to $7.5 million. The company experienced a net loss of $37.3 million for the year and $13.1 million for Q4. Despite these challenges, Lowell Farms is optimistic about its restructuring and strategic realignments aimed at improving its operational framework and financial health.

Portfolio Pulse from Patricio Liddle

March 28, 2024 | 3:26 pm

SSKN

Strata Skin Sciences shares are trading lower following the announcement of their Q4 financial results, which were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:24 pm

TAYD

Taylor Devices (TAYD) shares are trading higher following the announcement of improved Q3 financial results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:22 pm