Streetbeat News

Earnings

IPHA

Innate Pharma (NASDAQ:IPHA) reported a significant improvement in its fiscal year earnings, with a loss per share decreasing to $(0.10) from $(0.75) year-over-year. Sales increased by 12.71% to $66.35 million. The company also highlighted a strong cash position of €102.3 million as of December 31, 2023, and an anticipated cash runway to the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 6:07 am

AAPL

CHWY

DWAC

TSLA

On Wednesday, U.S. indices saw positive movements with notable gains in stocks like Digital World Acquisition Corp. (DWAC), Apple Inc. (AAPL), Micron Technology Inc. (MU), Chewy Inc. (CHWY), and Tesla Inc. (TSLA). DWAC surged 17.79% after a legal brief argued for Trump's 'ultimate immunity'. Apple's stock rose by 1.47% as CEO Tim Cook visits Shanghai, hinting at more stores in China. Micron's shares increased by 2.39% following strong fiscal Q2 results. Chewy's stock jumped 6.35% after beating Q4 financial estimates. Tesla shares rose by 2.53%, with suggestions that advertising could boost sales.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 2:31 am

Micron Technology (NASDAQ:MU) reported strong Q2 fiscal 2024 results, driven by high demand for AI servers and strategic investments in high-bandwidth memory (HBM). The company anticipates further price increases for DRAM and NAND, expecting record revenue and improved profitability in fiscal 2025. Over 75% of Micron's DRAM and over 90% of its NAND are on advanced technology nodes, positioning Micron as a leader in the memory and storage market.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 1:41 am

ASM

Avino Silver & Gold Mines (AMEX:ASM) reported Q4 earnings of $0.02 per share, surpassing the $0.01 estimate, with sales of $12.53M beating the $12.02M estimate. However, this reflects a decrease from the previous year's earnings and sales.

Portfolio Pulse from dijoy@benzinga.com

March 20, 2024 | 10:49 pm

NCNA

NuCana (NASDAQ:NCNA) reported Q4 earnings with an EPS of $-0.17, missing estimates by -31.0% and showing no revenue change from the previous year. Despite missing EPS estimates last quarter, the share price increased by 2.0% the following day.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:40 pm

ELA

Envela (AMEX:ELA) reported Q4 earnings with an EPS of $0.05, missing estimates by -17.0% and showing a revenue decline of $10.73 million from the previous year. This follows a pattern of missed EPS estimates and subsequent share price drops.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:35 pm

FIVE

GES

HOFV

In Wednesday's after-market session, several consumer discretionary stocks showed notable movements. Guess (GES) and Hall Of Fame Resort (HOFV) reported their Q4 earnings, leading to a 10.5% increase in GES shares and an 8.55% rise in HOFV shares. Other gainers included Kaival Brands Innovations (KAVL), Nova Lifestyle (NVFY), Qurate Retail (QRTEB), and Kaixin Auto Holdings (KXIN). On the downside, Five Below (FIVE) saw a 12.8% drop after its Q4 earnings report, with other losers being SRIVARU Holding (SVMH), Aarons (AAN), Visionary Holdings (GV), SRM Entertainment (SRM), and Red Robin Gourmet Burgers (RRGB).

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:34 pm

BPTS

ETAO

FRES

JAGX

LPTX

XTLB

In Wednesday's after-market session, several healthcare stocks experienced significant movements. XTL Biopharmaceuticals, Leap Therapeutics, and Jaguar Health were among the top gainers, with increases of 13.9%, 11.21%, and 10.94% respectively. On the downside, Biophytis, Fresh2 Group, and Etao International Co led the losers, with declines of 20.8%, 16.63%, and 14.01% respectively. Notably, Leap Therapeutics' rise followed its Q4 earnings release, and Avinger also reported its Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:34 pm

AERT

SCS

In Wednesday's after-market session, several industrials stocks saw significant movements. Aeries Technology, Astra Space, Swvl Hldgs, Agrify, AERWINS Technologies, and Energous experienced gains, while Steelcase, Lucas GC, Baiyu Holdings, BioNexus Gene Lab, voxeljet, and noco-noco faced declines. Notably, Steelcase's drop followed its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:34 pm

LAW

NSYS

PRST

In Wednesday's after-market session, several Information Technology stocks showed notable movements. Nortech Systems (NSYS) and Micron Technology (MU) emerged as significant gainers with 19.3% and 14.3% increases in their stock prices, respectively, following their earnings releases. On the losing end, Presto Automation (PRST) and CS Disco (LAW) saw declines of 6.7% and 6.64%. Other stocks like Banzai International (BNZI), Bridgeline Digital (BLIN), Intapp (INTA), and Indie Semiconductor (INDI) also experienced gains, while Blend Labs (BLND), Datasea (DTSS), Alpha Technology Group (ATGL), and Akoustis Technologies (AKTS) faced declines.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:34 pm