Streetbeat News

Earnings

TDOC

Teladoc Health has reiterated its financial guidance for both the first quarter and the full year of 2024, indicating confidence in its business outlook.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:33 am

AAPL

SSNLF

Samsung Electronics (OTC:SSNLF) forecasts a significant first-quarter operating profit increase, expecting a 931% jump from the previous year due to recovering chip prices. This contrasts with Apple Inc. (NASDAQ:AAPL), which anticipates its first revenue drop in a decade, attributed to declining iPhone sales and challenges in China. Despite positive guidance, Samsung shares fell by 1.3%, with investors awaiting further details on its high-end memory chip business. The rise in chip prices, driven by demand for AI applications, has boosted Samsung's shares by 34% over the past year.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 10:32 am

BYRN

CCCS

GBX

KRUS

MOVE

Wall Street anticipates earnings reports from The Greenbrier Companies and Byrna Technologies, while Movano Inc., Kura Sushi USA, and CCC Intelligent Solutions have made significant after-hours moves. Greenbrier and Byrna are expected to report earnings before the opening bell, with Greenbrier's shares already up 2.8% and Byrna's up 2.6% in after-hours trading. Movano reported a narrower loss, Kura Sushi a wider loss but with higher sales, and CCC Intelligent Solutions announced a secondary offering, impacting their stock prices.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 9:48 am

MDIA

RELI

STIX

Reliance Global Group, Inc. (RELI) shares fell by 11.3% in pre-market trading after reporting a net loss of $12.0 million for 2023, contrasting with a net income of $6.5 million in 2022. Other stocks showed significant movement in pre-market trading, with notable gainers including MediaCo Holding Inc. (MDIA), Nutex Health Inc. (NUTX), and 22nd Century Group, Inc. (XXII), among others. Losers included Semantix, Inc. (STIX) and HWH International Inc. (HWH), with STIX reporting a voluntary delisting from the Nasdaq Global Market.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 9:45 am

BYRN

GBX

NTZ

Earnings are scheduled for April 5, 2024, with Byrna Technologies, Greenbrier Companies, and Natuzzi reporting. Byrna Technologies is expected to report a quarterly loss of $0.05 per share with $11.49 million in revenue. Greenbrier Companies anticipates quarterly earnings of $0.86 per share and revenue of $843.28 million. Natuzzi will report its fourth-quarter earnings after the bell.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 9:45 am

SHEL

Shell has updated its Q1 2024 production outlook, increasing its forecast for both Integrated Gas and Upstream segments. Integrated Gas production is now expected to be between 960-1,000 kboe/d, up from the previous 930-990 kboe/d. Upstream production forecast has been adjusted to about 1,820-1,920 kboe/d, slightly narrowed from the prior 1,730-1,930 kboe/d range. The company also provided financial outlooks, including adjusted EBITDA, operating expenses, and adjusted earnings for both segments, indicating strong trading and optimization results, albeit lower than Q4’23.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:22 am

ARBK

Argo Blockchain reported a 5% increase in daily Bitcoin mining production in March, reaching 103 Bitcoin or 3.3 per day, despite a 4% rise in network difficulty. March's mining revenue soared by 55% to $7.0 million from February's $4.5 million. The company held digital assets equivalent to 26 Bitcoin as of March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:51 am

GBX

The Greenbrier Companies, Inc. (NYSE:GBX) is anticipated to report lower earnings for Q2, with expectations set at 86 cents per share compared to 99 cents in the previous year. Revenue is projected at $843.28 million. Despite a positive performance in Q1, GBX shares dropped 3.8% recently. Analysts from B of A Securities, Wells Fargo, and Stephens & Co. have provided varied ratings and price targets for GBX, reflecting differing outlooks on the company's future performance.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 4:50 am

CADL

NVDA

PLTR

TSLA

The U.S. stock market saw a downturn, with notable movements in stocks like Ford, Candel Therapeutics, Nvidia, Palantir, and Tesla. Ford announced a delay in its electric vehicle launch, Candel Therapeutics surged after releasing trial data, Nvidia fell due to supply-chain concerns, Palantir dipped slightly after announcing a partnership with Oracle, and Tesla rose amid positive analyst projections.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 3:47 am

RELI

Reliance Global Group reported a significant decrease in Q4 earnings per share, from $11.28 last year to $(3.99) this year, and a 20.17% drop in sales from $4.16M to $3.32M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:08 pm