Streetbeat News

Earnings

Brown Forman Inc Class B Common Stock (NYSE:BF) reported Q3 earnings, beating EPS estimates by 7% with an EPS of $0.6 versus the expected $0.56. However, revenue decreased by $12 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 1% the following day. The company's past earnings performance shows a mixed trend in meeting EPS estimates and revenue performance.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:20 pm

SPY

The ADP National Employment Report indicated that private sector employment increased by 140,000, which is below the estimated 149,000. This suggests a slower than expected growth in employment.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:15 pm

AISP

CRWD

EVC

MRAI

CrowdStrike Holdings, Inc. (CRWD) shares surged 24.4% in pre-market trading after reporting better-than-expected Q4 earnings and revenues, and issuing upbeat FY25 guidance. Other stocks also moved significantly in pre-market trading, with notable gainers including NKGen Biotech, Inc. (NKGN), Marpai, Inc. (MRAI), and Airship AI Holdings, Inc. (AISP). Losers included Entravision Communications Corporation (EVC) and Heart Test Laboratories, Inc. (HSCS).

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 1:14 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) announced preliminary FY23 financial results with revenue of $69M, up from $15M in FY22, and a gross profit of $41M, up from $4M in FY22. The company also reported significant debt reduction and cash increase. For FY24, TeraWulf projects strong growth, aiming for industry-leading bitcoin mining unit economics, and plans to expand its infrastructure capacity significantly. The company's strategy focuses on organic growth, debt reduction, and leveraging its zero-carbon energy-powered facilities.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:09 pm

EVGO

THO

In Wednesday's pre-market session, several consumer discretionary stocks showed significant movement. EVgo, J-Long Group, JD.com, RealReal, Duluth Holdings, and ToughBuilt Industries were among the gainers, with EVgo leading with a 15.1% increase following their Q4 earnings release. On the downside, Thor Industries, Foot Locker, Nordstrom, Winnebago Industries, EpicQuest Education Group, and Brilliant Earth Group faced declines, with Thor Industries dropping 17.5% after their Q2 earnings announcement.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:08 pm

CELZ

HSCS

NKGN

TCON

In Wednesday's pre-market session, several healthcare stocks showed significant movement. NKGen Biotech, Creative Medical Tech, and Vincerx Pharma were among the top gainers, with NKGen Biotech leading at a 69.4% increase. On the downside, Heart Test Laboratories, Jaguar Health, and BeyondSpring were the major losers, with Heart Test Laboratories experiencing the largest drop of 17.6%. TRACON Pharma's stock also rose following their Q4 earnings report.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:08 pm

AISP

BASE

CRWD

XRX

In Wednesday's pre-market session, several information technology stocks showed significant movement. Notably, Airship AI Holdings (AISP) surged 69.9%, while Xerox Holdings (XRX) dropped 11.2%. CrowdStrike Holdings (CRWD) and Couchbase (BASE) reported their Q4 earnings, contributing to their stock movements. Other stocks such as WiSA Technologies (WISA), MicroStrategy (MSTR), and AudioEye (AEYE) also experienced notable changes.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:07 pm

VICI

Five analysts have recently shared their views on VICI Properties Inc (NYSE:VICI), with ratings ranging from bullish to indifferent. The average 12-month price target is now $32.2, down from $34.00, indicating a 5.29% decrease. VICI Properties, a real estate investment trust, has shown strong financial health with a revenue growth of 21.04% and a net margin of 80.24%, but a below-average ROE of 3.03%. Analysts' actions include maintaining, raising, and lowering ratings and price targets, reflecting their reaction to the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:01 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) shares dropped in premarket trading on Wednesday after reporting Q4 financial results and guidance below estimates. The company's shares have lost over 70% in the last six months, underperforming the S&P 500. ChargePoint reported a quarterly loss of 23 cents per share, with sales missing analyst estimates. The company also announced a revenue forecast for the next quarter significantly lower than expected. Additionally, ChargePoint highlighted its collaboration with AcBel Polytech for developing EV charging solutions.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 12:52 pm

SGHC

Super Group's Q4 2023 revenue saw a 9% increase to EUR359.9 million, with monthly average customers rising 38% year-over-year to 4.7 million.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:48 pm