Streetbeat News

Earnings

TWST

Twist Bioscience's stock is trading higher following the company's announcement of an increase in its fiscal year 2024 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:51 pm

GEN

Gen Digital Inc (NASDAQ:GEN) shares plummeted over 18% following the announcement of disappointing third-quarter FY24 financial results. The company reported a 2% year-over-year increase in revenue to $951 million, missing the consensus estimate of $956.2 million. Adjusted operating income and EPS also rose but fell short of expectations. Despite this, a regular quarterly dividend of $0.125 per share was declared. The company's outlook for Q4 and FY24 was revised, with both revenue and adjusted EPS forecasts below consensus estimates.

Portfolio Pulse from Lekha Gupta

February 02, 2024 | 4:41 pm

QQQ

SPY

TLT

January's jobs report showcased a robust addition of 353,000 non-farm payrolls, significantly surpassing expectations and indicating a strong U.S. labor market. Wage growth also exceeded forecasts, raising concerns over inflation and impacting Federal Reserve policy decisions. The report led to a decrease in the likelihood of near-term Fed rate cuts, affecting Treasury yields and stock market expectations. The iShares 20+ Year Treasury Bond ETF (TLT) saw a decline, while the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) experienced modest upticks.

Portfolio Pulse from Piero Cingari

February 02, 2024 | 4:40 pm

NYCB

New York Community Bancorp shares are trading higher as the stock rebounds from recent losses due to worse-than-expected Q4 financial results and multiple analyst downgrades.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:39 pm

EXPO

Exponent shares are trading lower due to mixed Q4 financial results, indicating a negative short-term impact on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:35 pm

AAPL

Apple Inc (AAPL) surpassed revenue and EPS estimates in Q1, with analysts providing mixed views on its performance and future prospects. Highlights include strong iPhone sales, investment in generative AI, and challenges in China. Analysts adjusted price targets accordingly, reflecting optimism and concerns about growth, competition, and market positioning.

Portfolio Pulse from Chris Katje

February 02, 2024 | 4:33 pm

OTEX

Open Text shares are trading lower following the announcement of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:33 pm

HIG

Hartford Financial Services (HIG) shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:28 pm

LPLA

LPL Financial's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:26 pm

BYDDY

LI

NIO

TSLA

WKSP

XPEV

The start of 2024 has shown a slow beginning for EV sales in China, with major companies like BYD, Nio, Li Auto, XPeng, and Tesla reporting YoY growth but MoM drops in deliveries. Despite the slow start, companies are pushing forward with innovations and expansions, such as Li Auto's charging network and XPeng's plant upgrade. Tesla has introduced new discounts in China, while BYD boasts a significant increase in overseas sales and expects a substantial rise in annual earnings. Worksport Ltd has launched new products and announced compatibility with major truck brands, indicating a strong start to 2024.

Portfolio Pulse from Upwallstreet

February 02, 2024 | 4:24 pm