Streetbeat News

Earnings

FDX

HYZN

LULU

NKE

FedEx, Worthington Steel, Hyzon Motors, Nike, and Lululemon Athletica reported their quarterly earnings with mixed results. FedEx and Worthington Steel exceeded expectations, with FedEx also announcing a $5 billion share repurchase program. Hyzon Motors is anticipated to report a loss. Nike reported positive earnings but saw a share price drop, while Lululemon also exceeded expectations but issued a weak forecast, leading to a significant share price decline.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 6:52 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies showed mixed performance with Bitcoin, Ethereum, and Dogecoin experiencing varied changes in their prices amid a decrease in weekly jobless claims in the U.S. The optimism in the crypto market was further fueled by the Federal Open Market Committee (FOMC) meeting, where Fed Chair Jerome Powell discussed the potential easing of monetary policies by late 2024. Analysts predict significant growth for Bitcoin based on historical patterns, with potential targets ranging from $95,000 to $142,000. The global cryptocurrency market cap increased by 8.00% in the past 24 hours.

Portfolio Pulse from Mehab Qureshi

March 22, 2024 | 6:34 am

ETON

RLFTF

Eton Pharmaceuticals has acquired exclusive U.S. rights to PKU GOLIKE from Relief Therapeutics. The transaction is expected to be accretive to Eton's earnings in 2024, with PKU GOLIKE estimated to reach peak sales of over $10 million annually in a U.S. PKU medical formula market worth approximately $100 million annually.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 6:29 am

AAPL

LULU

NKE

RDDT

TSLA

U.S. stocks saw a positive trend with Reddit's IPO outperforming expectations, Apple facing a DOJ lawsuit, Nike beating revenue estimates, Lululemon surpassing revenue expectations, and Tesla proving its 4680 cell production capabilities. Reddit's shares soared, while Apple's fell due to legal challenges. Nike, Lululemon, and Tesla also made significant moves.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 3:36 am

ATLX

CMC

NEM

Commercial Metals Company reported lower Q2 earnings and sales compared to last year, but saw strategic growth and a strong upcoming construction season. Newmont Corporation experienced bearish options activity, indicating investor sentiment expects a price range of $30 to $40 in the next three months. Atlas Lithium Corporation announced Brian Talbot as new COO, preparing for its first revenues and production in Q4 2024. United States Steel celebrated volunteer efforts with donations to charities. Ternium received an Overweight rating from JPMorgan with a raised price target.

Portfolio Pulse from Austin DeNoce

March 21, 2024 | 10:07 pm

CELTF

Centamin PLC (OTCPK: CELTF), a gold mining company operating in Egypt, reported a 25% increase in annual profit for 2023, reaching $195.1 million, driven by higher gold sales volume and prices. The company's revenue rose by 13% to $891.3 million, with gold sales from the Sukari mine increasing by 4% to 456,625 ounces. Despite these gains, Egypt's economic challenges and geopolitical instability pose risks to Centamin's operations.

Portfolio Pulse from Stjepan Kalinic

March 21, 2024 | 10:06 pm

LGO

Largo (NASDAQ:LGO) reported Q4 earnings with an EPS of $-0.21, missing estimates by -320.0% against an expected $-0.05. Revenue decreased by $3.33 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, with a notable 7% drop in share price after last quarter's earnings miss.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 9:55 pm

XOS

Xos, Inc. (NASDAQ:XOS) reported Q4 earnings with an EPS of $-2.33, missing the estimated $-1.92 by -21.0%. Revenue increased by $9.80 million compared to the same period last year. Despite the miss, past performance shows a positive trend in share price following earnings reports.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 9:45 pm

LAES

SEALSQ (NASDAQ:LAES) reported a 29.57% increase in quarterly sales, reaching $30.06 million up from $23.2 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 9:44 pm

CAUD

CPOP

CSSE

DUO

IHRT

SCHL

In Thursday's after-market session, several Communication Services stocks experienced significant movements. Notably, Chicken Soup for the Soul (CSSE) led the gainers with a 7.0% increase, while Scholastic (SCHL) headed the losers with a 5.1% decrease following its Q3 earnings release. Other notable movements included Collective Audience (CAUD) and Pop Culture Gr (CPOP) with increases, and Fangdd Network Group (DUO) and iHeartMedia (IHRT) with decreases.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 9:33 pm