Streetbeat News

Earnings

APEI

APM

EVC

MEDS

NEPT

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. Energy shares jumped by 1.2% as U.S. crude oil inventories climbed less than expected. Aptorum Group, TRxADE HEALTH, and American Public Education saw significant gains, while Entravision Communications, Neptune Wellness Solutions, and Foot Locker experienced sharp declines. Oil prices rose 2.7% to $80.26, and gold increased by 0.6%.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 4:57 pm

OFIX

Orthofix Medical's shares surged following the announcement of Q4 revenue results surpassing expectations and the issuance of FY24 net sales guidance that exceeded analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:53 pm

FRPH

FRP Holdings (NASDAQ:FRPH) reported a Q4 EPS of $0.30, a 3.45% increase from $0.29 YoY. Sales rose 2.57% to $10.11M from $9.85M YoY.

Portfolio Pulse from Happy Mohamed

March 06, 2024 | 4:52 pm

ADAP

Adaptimmune Therapeutics' stock price increased following the announcement of their Q4 earnings per share (EPS) results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:49 pm

CVNA

Financial analysts have observed a bullish trend in Carvana (NYSE:CVNA) based on unusual options trading activity. Analysis revealed 74% bullish and 25% bearish trades, with significant investors targeting a price range of $25.0 to $125.0 for CVNA over the next three months. The company, an e-commerce platform for buying and selling used cars, has seen its stock price increase by 2.03% to $78.9. The current RSI suggests the stock may be overbought, with the next earnings report due in 57 days.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 4:45 pm

BOX

MEDS

MSTR

Box, Inc. reported better-than-expected fourth-quarter EPS and announced a $100 million expansion of its stock repurchase program, leading to a 7.3% rise in its shares. Other companies like TRxADE HEALTH, American Public Education, and Dada Nexus also saw significant gains following positive financial results or announcements. Notably, MicroStrategy's shares rose 10% after a previous day's 21% drop due to a proposed convertible senior notes offering.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 4:45 pm

JWN

Nordstrom Inc (NYSE:JWN) shares fell sharply despite reporting strong Q4 sales and earnings, as analysts highlighted concerns over a 'cautious consumer' outlook for 2024. Analysts from Telsey Advisory Group, Piper Sandler, BMO Capital Markets, Evercore ISI, and Guggenheim Securities provided mixed reviews, adjusting price targets but pointing to challenges including inflation, higher interest rates, and a cautious spending environment.

Portfolio Pulse from Priya Nigam

March 06, 2024 | 4:34 pm

WTI

W&T Offshore's stock price declined following the announcement of their Q4 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:33 pm

KFY

PSCI

SOVF

Korn Ferry (NYSE:KFY) reported a slight revenue decline in Q3 FY2024 but beat consensus estimates. The company announced a dividend and forecasts higher earnings for Q4. KFY shares fell 3.14% to $64.06. Exposure to KFY can also be gained through SOVF and PSCI ETFs.

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 4:26 pm

THO

Thor Industries, Inc. (NYSE:THO) reported Q2 earnings and revenue below analyst expectations, with significant declines in North American RV sales and a slight increase in European RV sales. The company also reduced its FY24 revenue and EPS outlook, leading to an 11.15% drop in its stock price.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 4:24 pm