Streetbeat News

Earnings

CCL

DJT

GME

HOOD

TSLA

On Tuesday, U.S. stock indices ended lower, with notable movements in shares of Trump Media & Technology, Robinhood, GameStop, Carnival, and Tesla. Trump Media & Technology surged 16.10% after a successful business combination with Digital World. Robinhood rose 1.05% following a livestream event by its CEO. GameStop's stock increased by 2.51% despite a disappointing earnings report. Carnival dipped by 0.47% but received a positive outlook from Mizuho. Tesla's stock rose by 2.92% amid optimistic analyst forecasts.

Portfolio Pulse from Benzinga Neuro

March 27, 2024 | 4:48 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), stated that the cost of manufacturing its humanoid robot Optimus is less than half that of a Tesla EV, despite the robot's higher complexity per unit mass. Musk was responding to ARK Invest's Sam Korus, who suggested software capability, not manufacturing, as the main constraint for humanoid robots. Musk expressed optimism about delivering some Optimus units next year but noted the uncertainty involved. Morgan Stanley's Adam Jonas highlighted the significant market potential for such robots, given their ability to replace the global workforce.

Portfolio Pulse from Anan Ashraf

March 27, 2024 | 4:36 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

Bitcoin, Ethereum, and Dogecoin saw minimal price changes, with Bitcoin maintaining momentum and analysts predicting a potential rise to $160,000 as conservative. The global cryptocurrency market cap slightly increased, while major US stock indices experienced declines. Economic data showed mixed results, and investors are looking forward to the upcoming personal consumption expenditures report and Federal Reserve Chairman's statements.

Portfolio Pulse from Mehab Qureshi

March 27, 2024 | 3:36 am

TSLA

Tesla Inc (NASDAQ:TSLA) is advancing its humanoid robot project, Optimus, with a new job posting for a 'Service Technical Writer' to create user guides. This move suggests the project is on schedule, with prototypes performing well and a potential public release nearing. CEO Elon Musk has indicated a possibility of shipping some units in 2025, aligning with the current progress.

Portfolio Pulse from Chris Katje

March 26, 2024 | 11:02 pm

USEG

US Energy (NASDAQ:USEG) reported a significant miss in both earnings and revenue for Q4. Earnings per share (EPS) were $(0.78), missing the $(0.03) estimate by 2500%, and a 1014.29% decrease from last year's $(0.07) per share. Revenue was $7.32M, missing the $8.87M estimate by 17.43%, and a 29.40% decrease from last year's $10.37M.

Portfolio Pulse from mahesh@benzinga.com

March 26, 2024 | 9:50 pm

WVVI

Willamette Valley Vineyards (WVVI) reported a 15.3% increase in net sales for 2023, totaling $39.13M. However, the loss per share widened to $(0.65) from $(0.51) the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 9:37 pm

BCAB

BioAtla (NASDAQ:BCAB) reported Q4 losses of $(0.56) per share, surpassing the analyst consensus estimate of $(0.79) by 29.11%. This represents an 11.11% improvement over the $(0.63) per share loss from the same period last year.

Portfolio Pulse from dijoy@benzinga.com

March 26, 2024 | 9:35 pm

USEG

US Energy (NASDAQ:USEG) reported Q4 earnings with a significant miss on estimated earnings, posting an EPS of $-0.78 versus an estimate of $-0.03. Revenue also decreased by $3.05 million from the same period last year. Despite a past performance of missing EPS estimates last quarter followed by a share price increase, this substantial miss may concern investors.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 9:35 pm

BCAB

BioAtla (NASDAQ:BCAB) reported Q4 earnings, beating estimates with an EPS of $-0.56 against an expected $-0.79, a 29% beat. However, revenue remained unchanged from the previous year. Despite beating last quarter's EPS estimates, the share price dropped by 6% the following day.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 9:35 pm

CZOO

GME

JOAN

LOBO

RENT

STKS

VIOT

In Tuesday's after-market session, 12 consumer discretionary stocks saw significant movements. Notably, Cazoo Gr (CZOO) surged 25.6%, while GameStop (GME) dropped 14.7% following its Q4 earnings report. Other gainers include The One Group Hospitality (STKS) and Rent the Runway (RENT), with increases of 14.71% and 6.72%, respectively. Among the losers, Lobo EV Technologies (LOBO) and JOANN (JOAN) saw declines of 10.63% and 9.1%, respectively. Viomi Technology Co (VIOT) also reported FY earnings.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 9:32 pm