Streetbeat News

Earnings

CLPS

CLPS reported a significant decrease in H1 earnings per share from $0.14 last year to $0.05 this year, alongside a decrease in sales from $76.76M to $71.77M.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:32 pm

APVO

Aptevo Therapeutics (NASDAQ:APVO) reported Q4 earnings, beating estimates with an EPS of $-0.04 against an expected $-0.41. However, revenue remained unchanged from the previous year. Despite beating EPS estimates last quarter, APVO's share price dropped by 3.0% the following day.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:30 pm

GOOG

UNP

On CNBC's 'Halftime Report Final Trades,' Alphabet Inc. (GOOG/GOOGL) and Union Pacific Corporation (UNP) were highlighted, with Alphabet facing criticism for its Gemini image generator and a 2.1-billion-euro lawsuit over digital advertising practices. Union Pacific reported a Q4 FY23 operating revenue of $6.159 billion, surpassing expectations. Alphabet's shares fell by 2.8%, while Union Pacific's shares saw a slight increase of 0.2%.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:24 pm

NVCT

Nuvectis Pharma, Inc. (NVCT) reported a fiscal year 2023 EPS of $(1.43), an improvement from $(1.51) in the previous year. The company saw an increase in both research and development and general and administrative expenses, leading to a larger operating loss of $(22,897) thousand compared to $(19,234) thousand in 2022. Despite this, the net loss was slightly reduced to $(22,260) thousand from $(19,085) thousand, attributed to an increase in finance income.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:21 pm

CFLT

CHWY

INDI

ONON

SMCI

Jim Cramer shared his views on several companies on CNBC's 'Mad Money Lightning Round.' He expressed skepticism about Indie Semiconductor's focus on the auto sector, praised On Holding AG, advised caution on Confluent due to financial issues, believed Chewy is bottoming, and found Super Micro Computer too hot after its stock surged following S&P 500 inclusion news. Indie Semiconductor and Confluent reported their financial results, with Indie showing weaker sales and Confluent exceeding expectations. On Holding and Chewy are set to report their financial results soon.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:21 pm

BIAF

bioAffinity Technologies, Inc. (NASDAQ:BIAF) reported a 375% growth in orders and processing of its CyPath Lung tests over the past three months compared to the previous period. This growth is attributed to increasing physician interest, a newly approved reimbursement code, and strategic initiatives including branding and sales force expansion. The company is on track to meet its sales forecast for the limited test market launch in Texas, with plans to expand nationally. CyPath Lung, a noninvasive test for early-stage lung cancer detection, uses advanced flow cytometry and AI for diagnosis. The company anticipates capitalizing on the lung cancer diagnostics market, projected to reach $4.7 billion by 2030.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:15 pm

IBGR

DRYWORLD Brands Inc. (OTC:IBGR) reported a 1,700% sales growth in Q1 2024 compared to Q1 2023, with e-commerce revenue increasing by over 227% year-over-year, attributed to its Ambassador Program. The company has launched 377 products in the last two years, reaching nearly 1,000 customers across 53 countries. DRYWORLD plans to up-list to the OTCQB, expand operations, and has aligned with top athletes and teams for growth. Despite a 14.89% drop in share price to $0.008, the company aims for long-term shareholder value.

Portfolio Pulse from Akanksha Bakshi

March 05, 2024 | 1:14 pm

APVO

Aptevo Therapeutics reported its FY 2023 GAAP EPS at $(1.420), surpassing the analyst consensus estimate of $(1.720) by 17.44 percent.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:14 pm

FSTR

L.B. Foster Company has reaffirmed its financial targets for fiscal year 2025, aiming for around $600 million in sales and $50 million in EBITDA.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:10 pm

BARK

FWRG

SFIX

TDUP

ZCMD

In Tuesday's pre-market session, several consumer discretionary stocks showed significant movement. Notably, Yunji, ZHONGCHAO, BARK, First Watch Restaurant Group, SRIVARU Holding, and Nerdy experienced gains, with First Watch Restaurant Group's Q4 earnings release contributing to its rise. Conversely, Stitch Fix, ThredUp, Jumia Technologies, Amer Sports, SharpLink Gaming, and Gaotu Techedu saw declines, with Stitch Fix and ThredUp's drops attributed to their recent Q2 and Q4 earnings releases, respectively.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:10 pm