Streetbeat News

Earnings

CMCL

Caledonia Mining Corp reported its FY23 revenue at $146.3M, falling short of the estimated $148.5M. The adjusted EPS was $0.17, also below the expected $0.27.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 7:07 am

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is set to release its Q2 earnings before the market opens on March 28, 2024, with expectations of earnings at 82 cents per share, down from $1.16 per year ago, and projected revenue of $35.86 billion. The company is also dealing with a legal action against an arbitration award of nearly $1 billion to PWNHealth. Shares rose 2.5% to $21.02 recently. Analysts have revised their ratings and price targets, with Morgan Stanley cutting its price target from $22 to $21.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 6:36 am

F

GM

STLA

TSLA

Former Ford CEO Mark Fields believes established automakers like Ford, General Motors, and Stellantis are well-positioned for the EV transition, citing their strong ICE vehicle business and investor trust. This comes amid challenges like stringent emissions standards, supply chain issues, and concerns over EV adoption rates. Despite these, shares of GM, Stellantis, and Ford have risen, reflecting market optimism.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 6:24 am

TSLA

Wedbush analyst Daniel Ives maintains an Outperform rating on Tesla (TSLA) but cuts the price target from $315 to $300 ahead of Q1 deliveries update. Citing demand and supply issues, including soft demand in China and production challenges, Ives reduces Q1 delivery estimates from 475,000 to 425,000 units. Despite short-term challenges, Ives remains bullish on Tesla's long-term prospects, emphasizing the importance of Tesla's Full Self-Driving (FSD)/autopilot strategy.

Portfolio Pulse from Shanthi Rexaline

March 28, 2024 | 5:42 am

FSR

Fisker Inc. faced significant operational challenges, including the loss of millions in customer payments due to lax procedures, leading to an internal audit and resource diversion. The company recovered most payments but experienced delays in processing funds and filing its annual financial report for 2023. Fisker announced major price cuts for its 2023 Ocean SUV models amid financial struggles, including a recent delisting from the NYSE and failed investment talks. The company's cash balance significantly decreased, and it reported a substantial net loss for Q4. Despite production efforts, Fisker has a large inventory and initiated a production pause to address issues.

Portfolio Pulse from Anan Ashraf

March 28, 2024 | 5:28 am

BTC-USD

DOGE-USD

ETH-USD

Bitcoin and Ethereum experienced a slight correction, while Dogecoin's surge contributed to pushing the crypto market cap above $2.6 trillion. Over $9.4 billion in Bitcoin options are set to expire soon, with a potential max pain price of $50,000. Spot Bitcoin ETFs saw significant inflows after a period of outflows. The S&P 500 and other major indexes saw gains, indicating a broad market rally. Analysts predict Bitcoin could reach $75,000 to $80,000 before the next halving, with key resistance levels identified.

Portfolio Pulse from Mehab Qureshi

March 28, 2024 | 4:23 am

NKLA

Nikola Corp, in collaboration with Blackjacks Roadhouse and others, unveiled Alberta's first commercial hydrogen fueling station, marking a significant step in developing hydrogen fuel infrastructure. The HYLA station is located in a high-traffic area and is part of Nikola's broader strategy to scale hydrogen-powered vehicles. Despite delivering 35 hydrogen FCEVs in Q4 and producing 138 trucks last year, Nikola reported a gross loss of $214.1 million for the period. The company's shares rose 11.7% following the announcement.

Portfolio Pulse from Anan Ashraf

March 28, 2024 | 4:03 am

SONM

Sonim Technologies (NASDAQ:SONM) reported a Q4 EPS of $(0.03), missing the $0.01 estimate, and sales of $13.43M, missing the $27.57M estimate. This represents a 200% decrease in EPS and a 44.32% decrease in sales from the same period last year.

Portfolio Pulse from Happy Mohamed

March 28, 2024 | 3:48 am

MBOT

Microbot Medical (MBOT) reported a Q4 EPS loss of $(0.26), missing the consensus estimate of $(0.25) by 4%. This represents a 31.58% improvement over the $(0.38) per share loss from the same period last year.

Portfolio Pulse from Happy Mohamed

March 28, 2024 | 3:47 am

AMPE

Ampio Pharmaceuticals (AMEX:AMPE) reported a Q4 EPS loss of $(2.48), which is an improvement from the $(3.60) per share loss reported in the same quarter last year, marking a 31.11% increase in performance.

Portfolio Pulse from Happy Mohamed

March 28, 2024 | 3:46 am