Streetbeat News

Earnings

PTCT

PTC Therapeutics shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:35 pm

UMGNF

WBD

Universal Music Group NV (UMGNF) announced a strategic overhaul aiming for $271M in savings by 2026, involving major layoffs and a focus on efficiencies in marketing, distribution, and other areas. The company reported a net profit of $1.37 billion on revenues of $12 billion for fiscal year 2023. The restructuring, starting immediately, will impact roles primarily on the West Coast within Interscope and Capitol groups, and on the East Coast affecting Def Jam and Island labels. Warner Bros. Discovery Inc's (WBD) Warner Music Group also announced layoffs as part of an industry trend.

Portfolio Pulse from Franca Quarneti

March 01, 2024 | 5:35 pm

FSR

REAL

XPOF

Several consumer discretionary stocks experienced significant movements in Friday's intraday session. Notably, Xponential Fitness (XPOF), RealReal (REAL), and Sweetgreen (SG) saw substantial gains following their Q4 earnings reports, with increases of 40.5%, 37.29%, and 30.22% respectively. Conversely, Fisker (FSR), Jakks Pacific (JAKK), and Volcon (VLCN) were among the biggest losers, with FSR dropping 39% after its Q4 earnings release. Other stocks mentioned include Cheetah Net Supply Chain (CTNT), Hesai Gr (HSAI), Purple Innovation (PRPL), REE Automotive (REE), Everi Holdings (EVRI), and Connexa Sports Techs (CNXA).

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:35 pm

ADIL

BIVI

CRDF

DMTK

In Friday's intraday session, several healthcare stocks experienced significant movements. Adial Pharmaceuticals, BioVie, Cardiff Oncology, Myomo, Altamira Therapeutics, and MSP Recovery were among the gainers, with increases ranging from 24.11% to 58.8%. Conversely, Scilex Holding, Precision BioSciences, DermTech, Vivani Medical, Gritstone Bio, and Humacyte saw declines between 20.81% and 36.4%. Notably, Cardiff Oncology and DermTech released their Q4 earnings reports yesterday.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:35 pm

RDNT

RadNet shares surged following the announcement of impressive Q4 financial outcomes, surpassing expectations. Additionally, the company has uplifted its total net revenue guidance for the Imaging Center segment.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:34 pm

DELL

MINM

MTC

SOUN

VYX

In Friday's intraday session, notable movements were observed in the Information Technology sector. MMTEC and Minim saw significant gains, while NCR Voyix and SoundHound AI experienced notable declines. Dell Technologies, Everbridge, and NetApp also reported substantial increases following their earnings reports.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:34 pm

AAPL

AMD

DELL

MSFT

NVDA

The article discusses a gamma squeeze in AMD and aggressive buying in DELL due to increased AI server orders. It mentions Elon Musk suing OpenAI, co-founded by him, for prioritizing profits over humanity, with Microsoft's investment in OpenAI highlighted. A major bank downgraded Apple, a rare move given AAPL's popularity. Early trade money flows are positive in NVDA, neutral in MSFT, AMZN, META, negative in AAPL, GOOG, TSLA, and mixed in SPY and QQQ. The momo crowd is buying stocks, gold, and oil in early trade.

Portfolio Pulse from The Arora Report

March 01, 2024 | 5:34 pm

MUX

McEwen Mining Inc (NYSE:MUX) shares surged after reporting a significant improvement in its fourth-quarter FY23 results, with an EPS of $2.88 compared to a loss of $(0.79) a year ago, surpassing the consensus loss estimate of $(0.20). Gold production increased, while silver production slightly declined. Revenue from gold and silver sales rose to $166.2 million, up from $110.417 million in 2022. The company also reported a gross profit of $17.8 million, a notable improvement from a gross loss of $(0.5) million last year. Operating cash flow and financial position showed signs of improvement, with a focus on development projects at Canadian and Mexican mines.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 5:34 pm

BLFS

BioLife Solutions shares surged following the announcement of their Q4 adjusted EPS results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:32 pm

CELH

COIN

MSTR

PANW

SIDU

Benzinga's Stock Whisper Index highlights five stocks: Coinbase Global, Palo Alto Networks, MicroStrategy Inc, Celsius Holdings, and Sidus Space Inc, focusing on their recent developments and potential investor interest. Coinbase saw increased traffic amid Bitcoin's surge, Palo Alto Networks rebounded after weak guidance, MicroStrategy's Bitcoin holdings drew attention, Celsius Holdings' earnings beat estimates, and Sidus Space Inc prepared for a satellite launch.

Portfolio Pulse from Chris Katje

March 01, 2024 | 5:31 pm