Streetbeat News

Earnings

BNRE

CNFR

CRD

EHTH

GLRE

HUIZ

MHLD

MRAI

RELI

RNR

In Tuesday's intraday session, the insurance industry saw notable movements. Huize Holding, Crawford, Everest Group, Reliance Global Group, and RenaissanceRe Holdings experienced gains, while Conifer Holdings, Maiden Holdings, Marpai, Greenlight Capital Re, eHealth, and Brookfield Reinsurance faced declines. Notably, Everest Group and Brookfield Reinsurance's movements were influenced by their recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:40 pm

HRI

Herc Holdings' shares dropped following the announcement of their Q4 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:36 pm

SSRM

SSR Mining Inc. (NASDAQ:SSRM) shares plummeted after the company announced the suspension of operations at its Çöpler mine due to a large slip on the heap leach pad. The incident occurred on Tuesday morning, leading to a halt in all operations at the mine. Prior to the suspension, SSR Mining had projected Çöpler to produce 200,000 to 220,000 ounces of gold in 2024 with an AISC of $1,550 to $1,590 per payable ounce. The suspension has resulted in a significant trading volume increase, with over 32 million shares traded, far exceeding the 100-day average of 2.316 million shares. SSRM shares have dropped 52.7% to $4.60.

Portfolio Pulse from Erica Kollmann

February 13, 2024 | 5:32 pm

BGLC

CAR

ESP

WCC

In Tuesday's intraday session, notable movements were observed in the industrials sector. BioNexus Gene Lab (BGLC) saw a significant increase of 411.4%, while WESCO Intl (WCC) experienced a notable decrease of 24.2%. Other companies like JanOne (JAN), Ault Alliance (AULT), and JetBlue Airways (JBLU) also saw considerable movements. Earnings reports influenced some of these movements, particularly for Espey Mfg & Electronics (ESP), WESCO Intl (WCC), and Avis Budget Group (CAR).

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:31 pm

OTTR

Otter Tail Corporation's shares traded lower following the announcement of Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:31 pm

ARBB

GRYP

HOLO

NTWK

TDC

In Tuesday's intraday session, several Information Technology stocks showed significant movement. ARB IOT Group and MicroCloud Hologram were among the top gainers, with shares rising 93.5% and 75.7% respectively. NETSOL Technologies also saw a notable increase after announcing Q2 earnings. On the downside, Gryphon Digital Mining and Teradata were among the biggest losers, with shares dropping 31.9% and 23.08% respectively. Teradata's decline followed its Q4 earnings release, while ARM Holdings saw a decrease after its Q3 earnings report.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:31 pm

POL

Polished, identified by its ticker symbol POL, has seen its shares trading lower following the company's announcement of a lowered guidance for the fiscal year 2023. This adjustment in guidance suggests that Polished is anticipating weaker financial performance than previously expected.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:30 pm

MEDP

Medpace Holdings' shares surged following the announcement of Q4 earnings per share (EPS) results that exceeded expectations. Additionally, the company provided an optimistic EPS guidance for FY24, surpassing analysts' forecasts.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:30 pm

BLKB

Blackbaud's stock is trading lower due to disappointing Q4 revenue results and the issuance of FY24 EPS guidance that fell below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:27 pm

AutoNation, Inc. (NYSE:AN) shares fell by 2.8% after reporting Q4 results. Despite beating EPS and revenue expectations with $5.02 EPS and $6.767 billion in revenue, the company saw a 5% decrease in gross profit from the previous year. New vehicle sales increased by 8%, but used vehicle sales dropped by 4%. CEO Mike Manley expressed confidence in the company's strong balance sheet and operating plan for 2024. AutoNation reported $1.5 billion in liquidity as of December 31, 2023.

Portfolio Pulse from Nabaparna Bhattacharya

February 13, 2024 | 5:25 pm