Streetbeat News

Earnings

BKKT

Bakkt Holdings (BKKT) reported Q3 earnings with a loss of $0.19 per share, missing the consensus estimate of $0.17. However, their quarterly sales of $204.80 million significantly exceeded the $16.13 million estimate, marking a substantial year-over-year growth.

Portfolio Pulse from Happy Mohamed

February 14, 2024 | 5:46 pm

TYGO

Tigo Energy's shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:41 pm

NMTC

NeuroOne Medical Technologies shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:38 pm

QDEL

QuidelOrtho Corp (NASDAQ:QDEL) reported Q4 2023 earnings with an adjusted EPS of $1.17, missing the consensus of $2.05, and sales of $742.60 million, below the estimate of $796.91 million. The decline was attributed to reduced COVID-19 revenue. Non-respiratory revenue grew by 9%, but respiratory revenue fell by 49%. The company forecasts FY 2024 revenues between $2.76 billion and $3.07 billion, with adjusted EPS of $2.40-$3.07, both below consensus. William Blair downgraded QuidelOrtho to Market Perform due to these results and outlook.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 5:33 pm

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