Streetbeat News

Earnings

PGR

Progressive Corporation (NYSE:PGR) reported its January 2024 results with a net income of $700.7M and EPS of $1.18. Net premiums written were $5,495.7M, and net premiums earned were $5,386.0M. The combined ratio improved to 87.3 from 96.0 the previous year. Policies in force saw an increase across all categories, with total companywide policies reaching 29,951.4 thousand, a 7.65% increase from the previous year. The company also noted a change in its accounting calendar to align with the Gregorian calendar, affecting year-over-year comparisons from October 2023 through September 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:21 pm

AMIX

Autonomix Medical (NASDAQ:AMIX) reported a significant increase in its quarterly losses to $(0.23) per share, a 360% decrease from $(0.05) per share YoY.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:19 pm

BTCUSD

COIN

HOOD

Coinbase Global, Inc. (NASDAQ:COIN) shares surged in premarket trading, potentially due to Robinhood Markets, Inc.'s (NASDAQ:HOOD) unexpected Q4 profit and strong cryptocurrency transaction revenue. Coinbase, set to report quarterly results soon, may benefit from similar market optimism, especially with the recent rally in cryptocurrencies like Bitcoin (CRYPTO:BTC), which saw a 57% increase in Q4.

Portfolio Pulse from Shanthi Rexaline

February 14, 2024 | 1:16 pm

CREV

Carbon Revolution plc (NASDAQ:CREV), a leading manufacturer of lightweight automotive carbon fiber wheels, reported a 177% YoY increase in fiscal Q2 revenue to $14.8M and a 42% increase in annual revenue to $40.3M for the year ended December 31, 2023. The growth is attributed to new program wins moving into production and the expansion of existing programs.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:15 pm

AZTR

HOOD

QDEL

VBIV

Robinhood Markets, Inc. (HOOD) shares surged by approximately 14% in pre-market trading after reporting Q4 financial results that exceeded expectations, with revenue of $471 million and earnings per share of 3 cents. Other stocks also showed significant movement in pre-market trading, with notable gainers including Brera Holdings PLC (BREA) and VBI Vaccines Inc. (VBIV), and losers such as Azitra, Inc. (AZTR) and QuidelOrtho Corporation (QDEL).

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 1:12 pm

OTLK

Outlook Therapeutics (NASDAQ:OTLK) reported a Q1 2024 GAAP EPS loss of $(0.04), surpassing the analyst consensus estimate of $(0.05) by 20 percent.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:11 pm

BTCY

Biotricity reports a preliminary Q3 2024 gross margin increase to 73% from 57% year-over-year, alongside a 30% reduction in operating expenses.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:10 pm

BGC

BGC Group reported Q4 2023 adjusted EPS of $0.21, surpassing the $0.20 estimate, but its sales of $516.76M fell short of the $554.60M estimate, marking an 18.38% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:07 pm

BYRN

Byrna Technologies reported a Q4 EPS of $(0.04), indicating a loss per share for the quarter.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:06 pm

ANGI

BREA

DUO

FENG

MNY

STBX

TGL

In Wednesday's pre-market session, several Communication Services stocks showed significant movements. Notably, Brera Holdings (BREA) surged 215.5%, while Phoenix New Media (FENG) and Fangdd Network Group (DUO) also saw substantial gains. On the downside, Starbox Group Holdings (STBX) and MoneyHero (MNY) experienced declines. Earnings releases influenced some of these movements, with Treasure Global (TGL) and Angi (ANGI) reporting their Q2 and Q4 earnings, respectively.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 1:06 pm