Streetbeat News

Earnings

GCMG

GCM Grosvenor (NASDAQ:GCMG) reported Q4 adjusted EPS of $0.17, meeting analyst estimates, and a 41.67% increase from last year. However, sales of $116.56M missed estimates by 8.78%, despite being a 16.76% increase from the previous year.

Portfolio Pulse from saritha@benzinga.com

February 13, 2024 | 1:10 pm

JNJ

MGTX

MeiraGTx Holdings plc (MGTX) announced a $50M milestone payment from Janssen Pharmaceuticals (J&J) for initiating the LUMEOS extension study related to bota-vec for XLRP treatment. MGTX expects an additional $15M in milestone payments in 2024 and up to $285M upon first commercial sales in the U.S. and EU, plus revenue from a commercial supply agreement for bota-vec manufacturing with J&J.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:09 pm

CAMP

EGAN

WISA

The article highlights the top 3 oversold tech stocks in the information technology sector, suggesting they could be undervalued opportunities for investors. eGain Corporation (EGAN) reported better-than-expected Q2 financial results, boosting interest in its AssistGPT offering. WiSA Technologies, Inc. (WISA) announced a $10 million public offering, causing its stock to drop significantly. CalAmp Corp. (CAMP) reported disappointing quarterly sales, attributing it to soft demand in its TSP segment. All three companies have RSI values indicating they are oversold, potentially signaling a buying opportunity.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:09 pm

K

WK Kellogg has updated its financial guidance for 2024, now expecting adjusted net sales growth to range between a decrease of 1.0% and an increase of 1.0%, and adjusted EBITDA growth to be between 3.0% and 5.0%, surpassing the outlook shared at Investor Day.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:08 pm

TPG

TPG Inc. (NASDAQ:TPG) reported Q4 2023 adjusted earnings per share (EPS) of $0.51, surpassing the consensus estimate of $0.41 by 24.39%. Quarterly sales reached $464.73 million, exceeding expectations by 19.08% and marking a 51.23% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:07 pm

ECL

Ecolab has projected its adjusted earnings per share (EPS) for Q1 2024 to be between $1.27 and $1.37, surpassing the estimated $1.20.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:06 pm

FELE

Franklin Electric projects its FY24 sales to range between $2.10B and $2.17B, compared to the estimated $2.14B. The company also forecasts EPS to be between $4.22 and $4.40, against an estimate of $4.37.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:06 pm

AXP

HII

MC

SNAP

Notable insider sales were reported for Snap Inc. (SNAP), Moelis & Company (MC), American Express Company (AXP), and Huntington Ingalls Industries, Inc. (HII). These sales come amidst various company-specific developments, such as Snap's repurchase transactions, Moelis's narrower-than-expected quarterly loss, American Express's fiscal fourth-quarter revenue and EPS missing consensus, and Huntington Ingalls's stronger-than-expected earnings.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:06 pm

BNTC

Benitec Biopharma (NASDAQ:BNTC) reported a Q2 EPS loss of $(2.64), marking a 20.96% improvement from the $(3.34) per share loss reported in the same quarter last year.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 1:06 pm

GPAK

MGAM

MMV

ZI

In Tuesday's pre-market session, 11 Communication Services Stocks saw significant movements. ZoomInfo Technologies (ZI) led the gainers with a 19.2% increase following their Q4 earnings release. Other notable gainers include Gamer Pakistan (GPAK), Starbox Group Holdings (STBX), TripAdvisor (TRIP), and Global Mofy Metaverse (GMM). On the losing end, Mobile Global Esports (MGAM) and MultiMetaVerse Holdings (MMV) saw the largest declines. The movements reflect varying market capitalizations and investor reactions to company-specific news.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 1:06 pm