Streetbeat News

Earnings

AKRO

QNRX

SMCI

Akero Therapeutics released promising Week 96 results from its HARMONY Phase 2B study of Efruxifermin, Super Micro Computer is set to join the S&P 500 with a Neutral rating from Goldman Sachs, and Quoin Pharmaceuticals received FDA clearance for teen recruitment in Netherton Syndrome studies.

Portfolio Pulse from ryanfaloona@benzinga.com

March 04, 2024 | 1:47 pm

RSLS

ReShape Lifesciences has publicly reaffirmed its commitment to achieving profitability, signaling a positive outlook for its financial future.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:46 pm

RSLS

ReShape Lifesciences anticipates a significant reduction in its operating expenses for the year 2024, projecting a decrease of 55.4% compared to the previous year. This forecast suggests a substantial improvement in the company's cost management and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:45 pm

CTHR

POWW

PSIX

SSP

Insiders at Charles & Colvard, E.W. Scripps Company, AMMO, Inc., and Power Solutions International have recently made significant stock purchases. These transactions indicate insider confidence in these companies, despite mixed financial results and corporate developments reported by some. Charles & Colvard reported a quarterly loss, while AMMO posted upbeat third-quarter results. Power Solutions International announced a new General Counsel appointment, and E.W. Scripps reported mixed fourth-quarter financial results.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:43 pm

MCFT

MasterCraft Boat Holdings projects its FY24 adjusted EPS to be between $1.53 and $1.78, compared to the estimated $1.60. The company also forecasts revenue to range from $400M to $412M, against an estimated $405.592M.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:41 pm

MCFT

MasterCraft Boat Holdings reports its Q3 2024 adjusted EPS at approximately $0.23, aligning with the $0.23 estimate. Revenue is reported at around $92M, slightly below the $92.824M estimate.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:40 pm

BTDR

Bitdeer Technologies Holding Company (BTDR) announced preliminary Q4 total revenue of $114.8M, a significant increase from $77.1M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:39 pm

GOOG

GOOGL

A former Google engineer warned over five years ago about the inevitable threat AI posed to Google's search engine, a concern that has resurfaced with Google's mishandling of its Gemini AI chatbot. Despite the company's significant reliance on search revenue, which accounted for 56% of its total revenue in Q4 2023, Google's leadership has acknowledged issues with Gemini's quality control. The ongoing antitrust lawsuit against Google has brought to light internal emails from Eric Lehman, the engineer, predicting the rise of AI over traditional search methods.

Portfolio Pulse from Rounak Jain

March 04, 2024 | 1:28 pm

DFH

GSL

MGNI

ROKU

Jim Cramer discussed several companies on CNBC's 'Mad Money Lightning Round,' expressing skepticism about Global Ship Lease, Inc. (GSL) due to uncertainties about its assets. He highlighted Magnite, Inc. (MGNI) as an interesting stock following its better-than-expected Q4 financial results and analyst upgrades. Cramer was pessimistic about Roku, Inc. (ROKU), suggesting it's in a difficult position with no immediate recovery in sight, despite its Q4 revenue beating estimates. He also mentioned Dream Finders Homes, Inc. (DFH), acknowledging its positive Q4 earnings but preferring Toll Brothers (TOL) and Lennar (LEN) in the home building sector.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:27 pm

COWZ

GOOG

GOOGL

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Pacer US Cash Cows 100 ETF (COWZ) for its 8.5% free cash flow yield, Citigroup Inc. (C) for bullish sentiment in big financials, and Alphabet Inc. (GOOG/GOOGL) as undervalued. Citigroup announced a full redemption of Series J preferred stock and reported a Q4 FY23 revenue decline. Alphabet faces a 2.1-billion-euro lawsuit from media groups over digital advertising practices.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:24 pm