Streetbeat News

Earnings

AIRG

BTOG

PRSO

SNCR

In Friday's intraday session, several IT stocks experienced significant movements. Bit Origin (BTOG) saw a 31.7% increase, while Synchronoss Technologies (SNCR) rose 26.07%, both on high trading volumes. Telos (TLS), Ouster (OUST), Smith Micro Software (SMSI), and Ondas Holdings (ONDS) also gained. Conversely, Airgain (AIRG) dropped 37.1%, Peraso (PRSO) fell 31.91%, and other stocks like MicroCloud Hologram (HOLO), WiSA Technologies (WISA), Vuzix (VUZI), and Upland Software (UPLD) saw declines. Most companies had recently reported Q3 earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 5:31 pm

NVVE

Nuvve Holding Corp. shares have declined following the announcement of third-quarter earnings per share (EPS) results that did not meet market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 5:30 pm

ATVI

Activision Blizzard Inc's (NASDAQ:ATVI) rushed the release of 'Call of Duty: Modern Warfare III' to meet annual sales targets, leading to a tumultuous development process and overtime work for developers. The game, initially planned as an expansion, was turned into a full sequel to fill a gap in the release schedule due to a delay in another Call of Duty title. Despite Activision's denial of the rushed development, over a dozen developers have reported feeling betrayed, as they were promised a more reasonable timeline.

Portfolio Pulse from Franca Quarneti

November 10, 2023 | 5:28 pm

ILMN

Illumina, Inc. (NASDAQ:ILMN) stock dropped after reporting mixed Q3 financial results, with earnings beating estimates at $0.33 per share but revenue missing at $1.12 billion against an expected $1.131 billion. CEO Jacob Thaysen expressed disappointment with the flat year-over-year revenue. Canaccord Genuity analyst Kyle Mikson downgraded the stock from Buy to Hold and cut the price target from $210 to $120. Trading volume spiked with over 5.2 million shares, far exceeding the 100-day average of 1.7 million shares.

Portfolio Pulse from Erica Kollmann

November 10, 2023 | 5:27 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) stock is trading higher, continuing a month-long upward trend with over 16% gains. Jim Cramer recently praised the company's 'dynamite' Q3 financial results, which surpassed consensus estimates. Wedbush analyst Daniel Ives maintains an Outperform rating and a $25 price target. The stock is popular among retail investors and is trending on Stocktwits and Yahoo Finance, with 8.19% of PLTR shares sold short.

Portfolio Pulse from Erica Kollmann

November 10, 2023 | 5:24 pm

NKLA

PLUG

Nikola Corporation (NASDAQ:NKLA) stock is down 7.6% with no new company-specific news. The decline may be due to last week's poor earnings report and a negative reaction to Plug Power Inc's (NASDAQ:PLUG) worse-than-expected Q3 financial results. Nikola's recent earnings showed a lack of truck production, only 3 truck shipments, and a significant gross loss. The company also faces increased expenses from a truck recall and needs to raise capital to reach profitability by 2025.

Portfolio Pulse from Henry Khederian

November 10, 2023 | 5:22 pm

ECX

ECARX Holdings' stock price has declined after the company reported its third-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 5:19 pm

ETON

Eton Pharmaceuticals' stock is trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 5:16 pm

HGBL

Heritage Global Inc. reported lower than expected earnings per share (EPS) for Q3, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 5:16 pm

RBA

RB Global shares have declined following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 5:14 pm