Streetbeat News

Earnings

PGRU

PropertyGuru Group's shares surged following the announcement of their Q4 earnings per share (EPS) results, which exceeded expectations. Additionally, the company provided guidance for the fiscal year 2024, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:48 pm

ACIC

FIHL

HIPO

MRAI

RELI

Insurance stocks showed notable movements in Friday's intraday session. Fidelis Insurance Hldgs led the gainers with a 14.5% increase, attributed to its Q4 earnings report. American Coastal experienced the largest drop among losers, falling 15.28%, also following its Q4 earnings. Other companies like Marpai, Reliance Global Group, and Hippo Holdings saw significant gains, while FG Finl Gr, Cheche Group, and Greenlight Capital Re were among the notable losers.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:40 pm

MTZ

MasTec shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:39 pm

STTK

STTK shares experienced an increase following the announcement of their Q4 earnings per share (EPS) results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:37 pm

PTVE

Pactiv Evergreen's stock price declined following the announcement of mixed financial results for the fourth quarter. The company's performance during this period has led to investor uncertainty, impacting the stock negatively in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:36 pm

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