Streetbeat News

Earnings

DNUT

MKC

PRAX

TSLA

U.S. stocks were higher on Tuesday, with Tesla Inc (TSLA) seeing a 5.8% surge amid reports of Italy's interest in electric truck production with the company. Other stocks like Krispy Kreme (DNUT), McCormick & Company (MKC), and Praxis Precision Medicines (PRAX) also saw significant gains due to various positive developments.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 2:36 pm

VKTX

Viking Therapeutics Inc (NASDAQ:VKTX) released results from a Phase 1 trial of VK2735, an oral obesity drug, showing dose-dependent weight reductions and minimal side effects. The company plans to continue dose escalation and initiate a Phase 2 trial in the second half of 2024. VKTX shares surged 20.90% to $83.64.

Portfolio Pulse from Vandana Singh

March 26, 2024 | 2:25 pm

TMC

TMC Metals shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:20 pm

GM

GM's CFO announced at the BofA Conference that the company is concentrating efforts on making its electric vehicles (EVs) profitable by 2025.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:18 pm

BOKF

BOK Financial announced a repositioning of its AFS securities portfolio in March by selling approximately $783M of lower-yielding debt securities with an average book yield of 2.45%. As a result, the company will recognize a net charge to earnings of about $34M, or $0.53 per diluted share, in Q1 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:12 pm

APCX

CISS

NBSE

OPGN

QH

STOK

U.S. stocks traded higher with the Nasdaq gaining over 50 points. Consumer discretionary shares rose by 0.7%, while energy shares fell by 0.2%. U.S. durable goods orders increased by 1.4% in February. Stocks like Stoke Therapeutics, C3is Inc., and OpGen saw significant gains, whereas NeuBase Therapeutics, Quhuo Limited, and AppTech Payments Corp experienced sharp declines.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 2:09 pm

MOV

Movado Group Inc. (NYSE:MOV) shares fell after reporting Q4 earnings that beat expectations but provided a weaker FY25 EPS outlook than consensus. Despite beating Q4 earnings and revenue forecasts, the company's adjusted operating income declined year-over-year, and its FY25 EPS guidance of $1.20-$1.30 is significantly below the consensus of $2.06. Movado also announced a dividend payment and share repurchase progress, expecting flat net sales for the first half of FY25.

Portfolio Pulse from Nabaparna Bhattacharya

March 26, 2024 | 2:02 pm

FC

Franklin Covey (NYSE:FC) is scheduled to release its quarterly earnings report on March 27, 2024, with an expected EPS of $0.05. Analysts and investors are keen on not just the earnings beat but also the forward guidance. Historically, FC's share price has reacted to its earnings performance, with a notable 3.28% increase following last quarter's beat. However, over the last year, FC shares have declined by 12.14%, indicating potential investor concern ahead of this release.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 2:01 pm

VRNT

Verint Systems (NASDAQ:VRNT) is scheduled to release its quarterly earnings report on March 27, 2024, with analysts expecting an EPS of $0.97. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter resulting in a 19.02% increase following an EPS beat. Shares are currently trading at $30.89, down 14.85% over the last 52 weeks. Investors are keenly awaiting the report and guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 2:01 pm

AQMS

Aqua Metals (NASDAQ:AQMS) is anticipated to report a quarterly earnings per share (EPS) of $-0.05 on Wednesday, 2024-03-27. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, Aqua Metals has had mixed earnings performance, with share price reactions varying post-earnings announcement. The stock has experienced a 52% decline over the last year, with current shares trading at $0.4671 as of March 25.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 2:01 pm