Streetbeat News

Earnings

FBLG

FibroBiologics reported a FY23 EPS of $(0.68), a decrease from $(0.18) YoY. The company's cash and cash equivalents stood at $9.16M.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:51 am

TPCS

Techprecision (NASDAQ:TPCS) reported a significant decrease in its Q3 earnings, with a loss of $(0.10) per share compared to a gain of $0.01 per share YoY. Sales also decreased by 8.14% to $7.65M from $8.33M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:36 am

MSEX

Middlesex Water (NASDAQ:MSEX) reported Q4 earnings of $0.32 per share, missing the $0.52 estimate, and sales of $38.60M, missing the $44.90M estimate. This represents a 20% decrease in earnings and a 0.57% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:23 am

BVN

Buenaventura Mining Co (NYSE:BVN) reported a Q4 EPS of $(0.04), missing the $0.15 estimate by 126.67%, and a 114.81% decrease from last year's $0.27. However, their quarterly sales of $253.80M exceeded the $201.44M estimate by 25.99%, marking a 3.00% increase from the previous year.

Portfolio Pulse from saritha@benzinga.com

March 01, 2024 | 5:40 am

FXI

The China Caixin Manufacturing Purchasing Managers Index (PMI) for February was reported at 50.9, slightly above the estimated 50.7 and the previous month's 50.8. This indicates a marginal improvement in China's manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:35 am

DIS

FOX

FUBO

WBD

fuboTV Inc. (NYSE:FUBO) is anticipated to report a narrower Q4 loss before the opening bell on March 1, 2024, with analysts expecting a loss of 31 cents per share compared to last year's 76 cents. Revenue is projected at $397.66 million, up from $319.31 million. Additionally, fuboTV has filed a lawsuit to prevent Fox Corp (NASDAQ:FOX), Walt Disney Co (NYSE:DIS), and Warner Bros. Discovery Inc (NASDAQ:WBD) from launching a joint venture sport-streaming platform. fuboTV shares rose 1.5% to $2.07 recently.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 4:41 am

CRM

SNOW

Jim Cramer attributed Thursday's market rally, where the Nasdaq Composite hit a record high since 2021, to the strength of the tech sector and new inflation data. He highlighted the role of AI and the January personal consumption expenditure price index in this surge. Despite concerns over AI's momentum, exemplified by Snowflake's stock drop, Salesforce's positive forecast led to a rise in tech stocks. Cramer advised investors to look beyond the 'Magnificent Seven' tech stocks for high-yield investments.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 1:39 am

AMSYF

AUMN

BHP

RGLD

RS

Jefferies initiated coverage on Royal Gold with a Hold rating and a $117 price target. Golden Minerals halted operations at Velardeña due to underperformance, exploring sale or wind-up options. BHP Group is restructuring global operations, starting in Australia, to cut costs and improve productivity amid nickel market slowdown. Reliance's board member James Donald Hoffman sold 40,000 shares. ArcelorMittal reported a decrease in annual revenue and production but remains a leading steel producer.

Portfolio Pulse from Austin DeNoce

February 29, 2024 | 10:52 pm

AKLI

Akili (NASDAQ:AKLI) reported Q4 2023 adjusted EPS of $(0.140), surpassing the $(0.210) estimate. However, its sales of $749,000 missed the $800,000 estimate, marking a 6.71K% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:42 pm

MDAI

Spectral AI has reaffirmed its preliminary 2024 revenue guidance of around $28M, slightly above the estimate of $28.1M. Additionally, the company announced its preliminary R&D revenue for 2023 to be about $18M. Vincent S. Capone, currently General Counsel and Corporate Secretary, will also take on the role of Chief Financial Officer.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:36 pm