Streetbeat News

Earnings

ONON

On Holding (NYSE:ONON) reported a Q4 adjusted loss of $(0.06) per share, missing the analyst consensus estimate of $0.11. This represents a 380% decrease from last year's earnings. Quarterly sales were $504.23M, missing the $510.19M estimate but marking a 32.82% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:06 am

TSN

Tyson Foods Inc (NYSE:TSN) is permanently closing its pork facility in Perry, Iowa, as part of its strategy to streamline operations amid declining profits. The closure is part of a series of shutdowns affecting thousands of jobs. Despite market challenges, Tyson's pork division saw a profit turnaround in the last fiscal quarter. The Perry plant closure may impact around 1,200 employees, with Tyson encouraging affected workers to consider other positions within the company.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 9:58 am

ACAD

AEVA

ASAN

OCUL

ACADIA Pharmaceuticals' shares fell sharply in pre-market trading after its Phase 3 trial for schizophrenia treatment failed to meet the primary endpoint. Other stocks like Ocular Therapeutix, Aeva Technologies, and Asana also saw declines due to various reasons including poor financial results and reverse stock split announcements.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 9:36 am

ADM

MNSO

Numerous companies are scheduled to report their earnings on March 12, 2024, with expectations ranging from significant profits to losses. Key highlights include Aurora Mobile, MINISO Group, and Archer-Daniels Midland among others, projecting varied financial outcomes for their respective quarters.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 9:35 am

EQT

ETRN

GNE

IGT

IHS

KSS

The CNN Money Fear and Greed index remained in the 'Greed' zone on Monday, with U.S. stocks closing mixed and the S&P 500 falling for the second session. The Dow Jones closed higher, while the Nasdaq Composite fell. EQT Corporation announced a merger with Equitrans Midstream Corporation, and Genie Energy Ltd.'s shares fell following Q4 results. Investors await earnings from International Game Technology PLC, IHS Holding Limited, and Kohl's Corporation.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 8:50 am

ADM

CVGW

IGT

KSS

ORCL

U.S. stock futures are trading higher, with focus on Kohl's, Oracle, Archer-Daniels-Midland, Calavo Growers, and International Game Technology due to earnings reports and stock movements. Kohl's is expected to report earnings of $1.28 per share on $5.70 billion revenue. Oracle reported higher earnings but missed sales estimates, causing a 14.3% stock increase. Archer-Daniels-Midland, Calavo Growers, and International Game Technology are also in focus for their earnings reports, with mixed after-hours trading responses.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 8:49 am

RERE

ATRenew projects its Q1 2024 revenue to be between RMB3.55 billion and RMB3.65 billion, indicating a year-over-year increase of 23.6% to 27.1%. This forecast is based on current market and operational conditions, which may change.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:39 am

RERE

ATRenew reported a significant increase in its Q4 adjusted EPS to $0.08, up 300% from $0.02 YoY. Sales also rose by 26.23% to $545.60M from $432.23M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:34 am

Aurora Mobile's Q4 sales were reported at $10.90 million, marking a 13.48% decrease from $12.60 million in the same period last year. The company also reported an adjusted net loss of $(0.3) million.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:33 am

EWU

The U.K. Average Earnings Index +Bonus for January was reported at 5.6%, slightly below the estimated 5.7% and the previous 5.8%. This indicates a minor slowdown in wage growth.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:02 am