Streetbeat News

Earnings

MGX

Metagenomi reported a FY23 EPS of $(20.05), a decrease from $(12.82) YoY. As of Dec 31, 2023, cash and equivalents were $271.2M, excluding $81.1M from a Feb 2024 IPO. FY23 saw $91.4M in operational expenditures, with R&D expenses at $94.4M and G&A expenses at $28.8M.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:19 pm

CCL

CUK

Carnival Corporation announced that due to an event in Baltimore and a temporary change in homeport, their guidance for the full year 2024 does not include an estimated impact of up to $10 million on both adjusted EBITDA and adjusted net income.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:19 pm

CCL

CUK

Carnival Corporation forecasts its FY24 adjusted EBITDA to be approximately $5.63 billion and expects its Q2 adjusted EBITDA to be around $1.05 billion.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:19 pm

NOAH

Noah shares are trading higher following the announcement of their Q4 financial results, indicating a positive market response to the company's performance.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:18 pm

REE

REE Automotive Ltd (NASDAQ:REE) reported a Q4 FY23 sales increase of 116% Q/Q to $455,000, missing analyst estimates of $1.35 million. Operating expenses rose to $36.7 million, and the non-GAAP EPS loss widened to $(3.15), missing consensus estimates of $(2.38). The operating loss expanded to $(37.2) million, and adjusted EBITDA loss grew to $(32.2) million. The company ended the quarter with $86 million in liquidity but used $(89.3) million in operating cash flow during the year. Despite challenging macroeconomic conditions, CEO Daniel Barel expressed confidence in the company's market position and its path to commercialization. The order book value exceeded $50 million as of March 27, 2024, and the authorized dealer network expanded to 66 locations in the U.S. and Canada. REE shares dropped 4.92% to $5.80 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 1:18 pm

AAPL

GME

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show little change despite bullish momentum, with a $160K price target for Bitcoin considered conservative. FTX seeks to nullify 'Sam Coins' amid bankruptcy. Dawkoins surges 400% on Richard Dawkins' birthday. GameStop and other stocks move lower in pre-market trading, while investor sentiment drops, affecting the S&P 500. Political and tech developments, including Tesla's Optimus robot and Apple's potential AI event, are highlighted. Financial and energy sectors also see significant news.

Portfolio Pulse from Akanksha Bakshi

March 27, 2024 | 1:18 pm

CUK

Carnival (NYSE:CUK) reported Q1 2024 adjusted EPS of $(0.14), surpassing the $(0.16) estimate, but missed sales forecasts with $5.406 billion against the expected $5.473 billion, marking a 21.98% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:17 pm

CUK

Carnival Corporation reported Q1 sales of $5.406 billion, missing the analyst consensus estimate of $5.473 billion by 1.22%. This represents a 21.98% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:16 pm

BTBT

Bit Digital Inc (NASDAQ:BTBT), a bitcoin mining company, announced receiving a customer proposal to expand its existing agreement for Bit Digital AI by an additional 2,048 GPUs, bringing the total to 4,096 GPUs. This expansion is expected to help the company reach a $100 million annualized revenue run-rate for its AI business. The company's revenue growth in FY23 was 39.15%, influenced by various factors including the macroeconomic environment. Bit Digital's stock was up 3.95% at $2.36 following the announcement.

Portfolio Pulse from Adam Eckert

March 27, 2024 | 1:16 pm

TSM

TSMC is projected to see revenue growth in Q2 of 2024, driven by high utilization of its 3/5nm process capacity, as per industry sources reported by DigiTimes.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:13 pm