Streetbeat News

Earnings

MITQ

Moving iMage Technologies (MITQ) shares dropped following a report of decreased Q2 revenue year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:33 pm

BREA

CNVS

FLNT

MITQ

The article reports on the intraday movement of 12 Communication Services stocks, highlighting significant gainers and losers. Notable gainers include Brera Holdings (BREA) with a 72.4% increase, and Cineverse (CNVS) with a 43.23% increase following their Q3 earnings report. Treasure Global (TGL) and VS Media Holdings (VSME) also saw substantial gains. Among the losers, Fluent (FLNT) and Moving iMage Technologies (MITQ) experienced significant declines, with MITQ's drop attributed to its Q2 earnings report.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:31 pm

COGT

ELMD

QDEL

Health care stocks experienced significant movements in Wednesday's intraday session, with notable gainers including Cogent Biosciences, Larimar Therapeutics, BioXcel Therapeutics, Greenwich LifeSciences, Electromed, and Puma Biotechnology. On the losing end, Anitra, QuidelOrtho, NeuroOne Medical Tech, Renalytix, Sientra, and Sunshine Biopharma saw declines. Earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:31 pm

CETY

LYFT

SUNW

In Wednesday's intraday session, several industrials stocks saw significant movements. Clean Energy Technologies, Earlyworks Co, and Erayak Power Solution Gr were among the top gainers, with Clean Energy Technologies leading with a 309.3% increase. Lyft and Blink Charging also saw substantial gains, attributed to recent earnings reports. On the downside, Sunworks, BioNexus Gene Lab, and Pixie Dust Technologies were among the biggest losers, with Sunworks experiencing a 35.4% drop.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:31 pm

NOW

ServiceNow (NYSE:NOW) has seen significant options market activity, indicating a bearish stance by large investors. Benzinga's options scanner revealed 13 trades, with a sentiment split of 30% bullish and 69% bearish. The trades target a price range of $550 to $810. Recent trading volume and RSI indicators suggest ServiceNow may be approaching overbought territory. Analysts have given mixed ratings, with an average target price of $842. Earnings are expected in 70 days.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:31 pm

ATOM

CCRD

DTSS

In Wednesday's intraday session, notable movements were observed in the Information Technology sector. Datasea's shares surged by 693.2% following their Q2 earnings release. Other gainers included Taoping, CCSC Technology, D-Wave Quantum, Canaan, and Saverone 2014 with significant increases in their stock prices. Conversely, Immersion, Focus Universal, Atomera, Aurora Mobile, Movella Holdings, and CoreCard experienced declines, with Atomera and CoreCard's drops following their Q4 earnings announcements.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:31 pm

CC

Chemours shares are trading lower following the company's announcement that it has postponed the release of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:30 pm

CC

Chemours (NYSE:CC) has postponed its Q4 earnings release and conference call from February 14 & 15 to February 28 & 29, 2024, respectively. The delay is due to the need for additional time to complete its year-end reporting process and to evaluate its internal control over financial reporting. The company also plans to file its Annual Report on Form 10-K on February 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:28 pm

CEVA

CEVA, Inc (NASDAQ:CEVA) reported mixed Q4 FY23 results with a 20% year-on-year revenue decline to $24.16 million, missing consensus estimates. However, adjusted EPS of $0.10 exceeded expectations. Licensing and related revenues fell by 39.2%, while royalty revenues increased by 13%. The company also improved its adjusted gross margin to 92% and concluded seventeen IP license and NRE agreements. CEVA's stock price rose by 18.60% to $23.95.

Portfolio Pulse from Anusuya Lahiri

February 14, 2024 | 5:25 pm

DOOR

OC

Owens Corning Inc (NYSE:OC) reported Q4 FY23 net sales growth of 1% Y/Y to $2.30 billion, beating consensus estimates. Adjusted EPS rose to $3.21 from $2.49 a year ago, surpassing expectations. The company saw an 18% Y/Y increase in adjusted EBIT to $392 million and a 13% rise in adjusted EBITDA to $518 million. Owens Corning expects Q1 FY24 net sales to be slightly below Y/Y with mid-teen EBIT margins and has forecasted FY24 corporate expenses and capital additions. Additionally, Owens Corning announced the acquisition of Masonite International Corp (NYSE:DOOR) for $3.9 billion. OC shares dropped 1.75% to $144.47.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 5:23 pm