Streetbeat News

Earnings

THRD

Third Harmonic Bio (NASDAQ:THRD) reported Q4 earnings with losses of $(0.17) per share, surpassing the analyst consensus estimate of $(0.31) by 45.16%. This represents a 52.78% improvement over the previous year's losses of $(0.36) per share.

Portfolio Pulse from Happy Mohamed

March 26, 2024 | 1:26 pm

THRD

Third Harmonic Bio (NASDAQ:THRD) reported Q4 earnings, beating estimates with an EPS of $-0.17 versus the expected $-0.31. However, revenue remained unchanged from the previous year. The company had previously beaten EPS estimates last quarter, which led to a 1.0% increase in share price the following day.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 1:25 pm

PG

UL

Unilever PLC (NYSE:UL) announced plans to spin off its ice-cream business, including Ben & Jerry's, cutting 7,500 jobs as part of a cost-savings program, aiming to complete by end of 2025. The move is part of CEO Hein Schumacher's strategy to focus on 30 key brands, aiming for mid-single-digit sales growth and improved margins. Unilever's Q4 results showed a need for further improvement. Meanwhile, competitor Procter & Gamble (NYSE:PG) reported mixed results with volume drops in several segments.

Portfolio Pulse from Upwallstreet

March 26, 2024 | 1:24 pm

CISS

C3is (NASDAQ:CISS) reported a significant increase in Q4 earnings per share (EPS) to $0.25, up from $0.07 YoY, and a 347.89% increase in sales to $13.78M from $3.08M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:24 pm

SPY

TSLA

The article covers a wide range of topics from the crypto market's recovery, with Bitcoin touching $70K and Ethereum and Dogecoin also bouncing upward, to various US and world political and economic news. It mentions Tesla's rollout of a free Full Self-Driving trial in the US, the London Stock Exchange's significant bet on Bitcoin and Ether, and predictions of stock market rallies by Goldman Sachs and Bank of America. Additionally, it touches on tech news including antitrust lawsuits against major companies, AI developments, and electric vehicle updates, including debates on Tesla's EVs versus hybrids.

Portfolio Pulse from Akanksha Bakshi

March 26, 2024 | 1:23 pm

VIGL

Vigil Neuroscience (NASDAQ:VIGL) reported Q4 earnings with an EPS of $-0.57, missing estimates by -8.0% and showing no revenue change from the previous year. The company had previously beaten EPS estimates last quarter but experienced a 4.0% share price drop the following day.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 1:20 pm

HSY

MDLZ

NVDA

Cocoa prices have surged to $10,000 per metric ton, doubling in just 50 days, due to weather and disease impacting crops in West Africa. Hershey Co (HSY) and Mondelez International Inc (MDLZ) have warned of the impact on their earnings, with Hershey expecting limited earnings growth this year. The situation has led to 'shrinkflation' for consumers, with chocolate products becoming smaller and more expensive. Nvidia Corporation (NVDA) is mentioned for comparison, having added $1 trillion to its market cap in 67 days of 2024.

Portfolio Pulse from Neil Dennis

March 26, 2024 | 1:19 pm

KEN

Kenon Holdings reported a FY23 revenue of $692M for its subsidiary OPC, up from $574M in FY22. The increase is attributed to higher electricity sales in Israel and the U.S., and the commencement of operations at Tzomet and Gat Power Plants. Despite the revenue growth, profit for the period decreased to $47M from $65M, with a notable rise in cost of sales and finance expenses. Adjusted EBITDA also saw a significant increase from $250M to $304M.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:16 pm

GHG

GreenTree Hospitality's shares experienced an increase following the announcement of their Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:15 pm

PXD

Pioneer Natural Resources Inc. (NYSE:PXD) has seen its stock price increase by 0.05% in the current session, 10.46% over the past month, and 27.65% over the past year. Its P/E ratio of 12.78 is slightly higher than the industry average of 12.55, suggesting it might be overvalued. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 1:15 pm