Streetbeat News

Earnings

SPY

Core Retail Sales in February increased by 0.3%, falling short of the estimated 0.5% growth. This indicates a slower than expected growth in consumer spending.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:31 pm

SPY

The Core Producer Price Index (PPI) for February increased by 2% year-over-year, surpassing the estimated 1.9%.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:31 pm

SPY

The Core Producer Price Index (PPI) for February increased by 0.3%, surpassing the estimated 0.2%. This indicates a higher-than-expected rise in the prices of goods and services sold by manufacturers, which could signal inflationary pressures.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:30 pm

CGEM

Cullinan Oncology (NASDAQ:CGEM) reported Q4 earnings, beating estimates with an EPS of $-0.54 against an expected $-0.96. However, revenue remained unchanged from the previous year. Despite beating EPS estimates last quarter, CGEM's share price fell by 4.0% the following day.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 12:30 pm

PFE

Pfizer Inc. (NYSE:PFE) shares rose after the European Commission approved PREVNAR 20 and the company reported a surprise Q4 profit with adjusted EPS of 10 cents versus an expected loss. Despite a 41% sales decline to $14.25 billion, Pfizer's dividend yield of 5.95% offers investors a way to earn regular income, with calculations provided for earning $500 or $100 monthly through dividends.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 12:27 pm

DG

Dollar General Corp (NYSE:DG) shares surged after reporting a smaller than expected FY23 sales decline of 3.4% to $9.858 billion, beating estimates. Despite a decrease in net sales due to one less week of sales compared to the previous year, same-store sales grew by 0.7%. The company saw a decrease in gross profit margin and operating income, but EPS of $1.83 exceeded expectations. Dollar General announced a quarterly dividend and provided an optimistic outlook for FY24, including net sales growth and same-store sales growth projections, along with plans for new store openings and remodels.

Portfolio Pulse from Shivani Kumaresan

March 14, 2024 | 12:27 pm

UCL

UCloudlink Group's shares have seen an increase following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:24 pm

IPA

ImmunoPrecise Antibodies (NASDAQ:IPA) reported Q3 2024 earnings with a GAAP EPS of $(0.08), surpassing the $(0.10) estimate. However, their sales of $4.555M fell short of the $6.068M estimate, marking a 24.93% miss but an 18.71% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:22 pm

SAIC

Science Applications International Corp. (SAIC) has secured $284 million in contracts from the U.S. intelligence community in early 2024, with $160 million to be recognized in Fiscal Year 2025. The awards include two contracts over $100 million and a task order under a single-award contract, covering data, AI, and engineering. This follows the formation of a new business group combining intelligence and space work, enhancing collaboration and expanding SAIC's mission capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:20 pm

BJ

FLO

GPS

MGM

Insiders at MGM Resorts, BJ's Wholesale Club, Flowers Foods, and Gap have recently sold significant amounts of shares. These sales occur amidst various financial results for each company, with Gap and MGM Resorts reporting strong results, BJ's Wholesale experiencing slight sales growth miss, and Flowers Foods posting downbeat earnings.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 12:19 pm