Streetbeat News

Earnings

EVI

EVI Industries reported a decrease in EPS to $0.09 in Q2 2024 from $0.15 year-over-year, while revenue increased to $91.364M from $82.638M.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:35 pm

BIOL

CNSP

GILD

REVB

ZLAB

The article highlights the top 5 oversold health care stocks preparing for potential growth in February, based on their Relative Strength Index (RSI) values. BIOLASE, CNS Pharmaceuticals, Revelation Biosciences, Gilead Sciences, and Zai Lab Limited are identified as major players with RSI near or below 30, indicating they may be undervalued. Recent company updates and stock performance are also provided.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 1:35 pm

INBS

Intelligent Bio Solutions reported a Q2 EPS of $(2.07), with sales reaching $764.06K, an increase from $356.68K year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:34 pm

ABBV

FCX

MELI

OXLC

Jim Cramer discussed several companies on CNBC's 'Mad Money Lightning Round,' highlighting potential in Freeport-McMoRan with a new CEO, praising AbbVie's Parkinson's treatment in Canada, commending MercadoLibre's intelligence and financial results, and suggesting Blackstone over Oxford Lane Capital for credit expertise. He noted Freeport-McMoRan's limited upside, AbbVie's strength, MercadoLibre's smart management, and uncertainties around Oxford Lane Capital.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 1:33 pm

PFG

Principal Financial Group, Inc. (NASDAQ:PFG) is anticipated to release its Q4 earnings on Feb. 12, with expected earnings of $1.68 per share and revenue of $3.60 billion. Evercore ISI Group upgraded PFG from Underperform to In-Line, raising the price target from $82 to $83. PFG offers a 3.45% annual dividend yield. To earn $500 monthly from dividends, an investment of approximately $174,105 is needed. PFG shares fell 0.5% to close at $77.76 recently.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 1:27 pm

MPAA

Motorcar Parts of America (MPAA) reported a significant miss in Q3 adjusted EPS at $(0.27) versus the expected $0.08, marking a 437.5% miss and a 228.57% decrease from last year's $0.21. Sales also missed estimates at $171.86M against the expected $182.20M, a 5.67% miss, though they represent a 13.20% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:11 pm

CTRM

ILAG

PCTY

SUNW

In Friday's pre-market session, several industrials stocks showed significant movement. Notably, Intelligent Living, Sunworks, and Jet AI experienced substantial gains, while Roma Green Finance, Paylocity Holding, and Greenwave Tech Solutions saw notable declines. Paylocity's drop was attributed to its Q2 earnings report, and Castor Maritime's decline followed its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:06 pm

CAMP

EMKR

NET

PXLW

In Friday's pre-market session, several Information Technology stocks showed significant movement. CalAmp, NOVONIX, Cloudflare, Cleanspark, BTC Digital, and Iris Energy were among the gainers, with increases ranging from 15.49% to 24.3%. On the losing side, EMCORE, MicroCloud Hologram, Addvantage Technologies, UTime, Pixelworks, and Lantronix saw declines between 9.3% and 26.9%. Notably, Cloudflare, Cleanspark, EMCORE, Pixelworks, and Lantronix had recent earnings releases influencing their stock movements.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:06 pm

CTLT

Catalent (NYSE:CTLT) reported a Q2 adjusted EPS of $(0.24), missing the $(0.02) estimate by 1100%, and a 135.82% decrease from last year's $0.67 EPS. Sales were $1.03B, beating the $1.01B estimate by 2.18%, but down 10.18% from last year's $1.15B.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:04 pm

PEP

PepsiCo, Inc. (NASDAQ:PEP) reported Q4 FY23 sales of $27.85 billion, missing analyst estimates of $28.40 billion, leading to a premarket share price drop. Despite a sales decline of 0.5% YoY, adjusted EPS of $1.78 beat expectations. Operating profits in key segments fell significantly. The company announced a 7% dividend increase and expects a 4% rise in organic revenue and an 8% increase in core constant currency EPS for 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 09, 2024 | 1:04 pm