Streetbeat News

Earnings

BZ

Kanzhun shares surged following the announcement of impressive Q4 financial results, surpassing expectations. Additionally, the company has provided Q1 revenue guidance that exceeds analysts' forecasts and has announced a $200 million share buyback program.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:44 pm

ASML

CB

DIS

NTRA

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Natera, Disney, ASML, and Chubb for their recent financial performances and strategic moves. Natera's strong guidance, Disney's profitability projection for Disney+, ASML's sales beat, and Chubb's solid fundamentals were key points. The companies' stock movements on Monday were also noted, with Natera and Disney seeing gains, ASML experiencing a decline, and Chubb also gaining.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 12:43 pm

ONON

ORCL

RGLS

Oracle (ORCL) shares rose by 14% following positive Q3 financial results. Regulus Therapeutics (RGLS) shares surged by 103% after announcing promising topline results from a Phase 1b study and a $100 million private placement. On Holding (ONON) shares fell by 18% due to disappointing Q4 financial results.

Portfolio Pulse from ryanfaloona@benzinga.com

March 12, 2024 | 12:43 pm

GUTS

Fractyl Health, Inc. (NASDAQ:GUTS) announced promising preclinical findings for RJVA-001, its first GLP-1 gene therapy candidate from the Rejuva platform, demonstrating potent and durable effects in treating obesity and type 2 diabetes compared to Semaglutide.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:40 pm

KSS

Kohl's Corp (NYSE:KSS) reported Q4 FY23 results with a slight sales decline of 1.1% to $5.71 billion, beating analyst estimates. Comparable sales dropped by 4.3%, but gross margin expanded significantly. Operating income turned positive, and EPS of $1.67 exceeded expectations. Inventory and SG&A expenses decreased, and a quarterly dividend was announced. The company provided a cautious FY24 outlook with sales growth expected to be between -1% and 1%, and EPS forecasted in the range of $2.10 to $2.70. KSS shares dropped 1.10% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 12:37 pm

UUP

In February 2024, U.S. inflation rose to 3.2%, exceeding expectations and dampening hopes for a June Fed rate cut. The CPI's year-over-year increase and the core CPI's monthly rise both surpassed forecasts, affecting market predictions and leading to a surge in the Dollar Index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (UUP). Treasury yields increased, and S&P 500 futures traded lower, indicating market adjustments to the unexpected inflation data.

Portfolio Pulse from Piero Cingari

March 12, 2024 | 12:35 pm

SPY

The Core Consumer Price Index (CPI) for February increased by 0.4%, surpassing the estimated 0.3%. This indicates a higher than expected inflation rate.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:30 pm

BYD

IAS

ROKU

WSC

Insiders at WillScot Mobile Mini, Boyd Gaming, Integral Ad Science Holding, and Roku have recently sold shares. These sales could indicate various strategic decisions or perspectives on the companies' valuations. WillScot Mobile Mini reported disappointing earnings, Boyd Gaming increased its dividend, Integral Ad Science reported strong Q4 results, and Roku showed revenue growth.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 12:20 pm

BZ

Kanzhun has projected its Q1 revenue to be between RMB1.64 billion and RMB1.67 billion, surpassing the estimated RMB1.599 billion. This correction indicates a positive outlook for the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:12 pm

RLYB

Rallybio reported a Q4 EPS loss of $(0.50), missing the consensus estimate of $(0.46) by 8.7%. This represents an 8.7% increase in losses compared to the same period last year.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 12:12 pm