Streetbeat News

Earnings

GPRO

GoPro shares are trading lower following the announcement of Q4 sales results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:36 pm

APPS

ARM

SYRA

TENX

UCAR

U.S. stocks showed mixed performance with the Dow Jones falling by 0.29% and the NASDAQ rising by 0.26%. U.S. initial jobless claims decreased to 218,000, beating estimates. Syra Health Corp. surged 254% after announcing a $75 billion federal contract partnership. U Power Limited rose 40% with a new board appointment. Arm Holdings plc gained 58% on strong financial results and guidance. Conversely, Tenax Therapeutics, 23andMe, and Digital Turbine saw significant drops after disappointing financial updates.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 5:36 pm

QNST

QuinStreet shares surged following the announcement of their Q2 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:32 pm

BETS

CYAN

In Thursday's intraday session, 11 consumer staples stocks saw significant movements. Notably, Bit Brother, Guardion Health Sciences, China Jo-Jo Drugstores, Maison Solutions, Webuy Global, and Chanson International experienced gains, with Bit Brother leading at a 55.4% increase. Conversely, Cyanotech, Better Choice Co, DDC Enterprise, MedAvail Holdings, and Steakholder Foods faced declines, with Cyanotech dropping 14% following its Q3 earnings report.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:31 pm

KULR

MTRX

NSP

REVG

ROMA

VSTE

In Thursday's intraday session, several industrials stocks experienced significant movements. Notably, Roma Green Finance, Vast Renewables, and Matrix Service were among the top gainers, with shares rising due to various factors including Matrix Service's Q2 earnings report. Conversely, Insperity, REV Group, and KULR Tech Group were among the top losers, with Insperity's drop attributed to its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:31 pm

APPS

CCTG

LITE

MLGO

In Thursday's intraday session, notable movements were observed in the Information Technology sector. CCSC Technology and MicroAlgo saw significant gains, rising 105.2% and 71.54% respectively, while Digital Turbine and Lumentum Holdings experienced sharp declines, dropping 21.2% and 19.97% respectively. ARM Holdings and Confluent also reported earnings, contributing to their stock movements.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:31 pm

TPR

Tapestry, Inc. (NYSE:TPR) shares surged following its Q2 earnings report, surpassing expectations with revenue of $2.085 billion and adjusted EPS of $1.63. The company saw a 6% increase in Coach brand sales, while Kate Spade and Stuart Weitzman experienced declines. Tapestry raised its FY24 EPS outlook from $4.10-$4.15 to $4.20-$4.25 and plans to return $325 million to shareholders through dividends, marking a 17% increase from the previous year.

Portfolio Pulse from Nabaparna Bhattacharya

February 08, 2024 | 5:20 pm

CENT

Central Garden & Pet's shares surged following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:15 pm

OHI

Omega Healthcare shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:14 pm

ROLL

RBC Bearings shares are trading lower following the announcement of disappointing Q3 financial results and the issuance of Q4 revenue guidance that fell below analysts' estimates.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:12 pm