Streetbeat News

Earnings

GTLB

GitLab reported better-than-expected preliminary results for Q4, with adjusted EPS of $0.08-$0.09 versus an estimated $(0.01), and revenue of $157M-$158M against an estimated $150.24M. For FY24, the company forecasts adjusted EPS of $0.12-$0.13, surpassing the $(0.06) estimate, and revenue projections of $573M-$574M, which is above the $558.14M estimate.

Portfolio Pulse from Bill Haddad

December 04, 2023 | 9:08 pm

JOAN

JOANN Inc. has announced that it is on track to achieve $225 million in annual cost reductions through its Focus, Simplify and Grow initiative. This initiative is aimed at streamlining operations and enhancing growth.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:08 pm

JOAN

JOANN Inc. (NASDAQ:JOAN) reported Q3 EPS of $(0.21), which was in line with analyst estimates, but experienced a significant 450% decrease from the $0.06 per share earned in the same quarter last year. The company's quarterly sales were $539.80 million, falling short of the expected $547.20 million by 1.35% and marking a 4.09% decline from the previous year's sales of $562.80 million.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:06 pm

GTLB

GitLab reported Q3 earnings per share (EPS) of $0.09, surpassing the estimated $(0.01), and sales of $149.70M, which also beat the expected $141.49M. These results indicate a strong quarter for the company.

Portfolio Pulse from Bill Haddad

December 04, 2023 | 9:05 pm

NRIX

Nurix Therapeutics announced a webcast to review data from its Phase 1 clinical trials of BTK degraders, NX-5948 and NX-2127, presented at the 65th American Society of Hematology (ASH) Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:02 pm

BRAXF

TRUFF

Braxia Scientific Corp. (OTC:BRAXF) reported its Q2 2024 financial results with a year-over-year increase in revenue and a significant decrease in operating expenses and net loss. Despite the improved performance, the company's CEO, Dr. Roger McIntyre, expressed concerns about insufficient funds to sustain operations and has initiated a process to explore strategic alternatives, including a potential sale, merger, or other significant transaction. The company also announced the resignation of board director Olga Cwiek and CFO Stephen Brooks, with Peter Rizakos appointed to the board and as CFO.

Portfolio Pulse from Lara Goldstein

December 04, 2023 | 8:09 pm

ALK

COIN

DIA

GME

IWM

PLTR

QQQ

SAIC

SPOT

SPY

TLT

UBER

Stocks opened December with losses amid reduced expectations for a Fed rate cut in March 2024. Treasury yields rose, affecting stocks and commodities, with the S&P 500, Nasdaq, and Dow Jones all falling. Small-cap stocks and Bitcoin gained, while commodities and tech stocks declined. Sector ETFs saw mixed performance, with healthcare and consumer staples stable, but communication services and technology sectors down. Notable stock movements included gains for Coinbase, SAIC, Uber, Gamestop, and Spotify, while Alaska Air Group fell after announcing an acquisition of Hawaiian Holdings, which surged.

Portfolio Pulse from Piero Cingari

December 04, 2023 | 7:32 pm

AMZN

Amazon reported record-breaking holiday sales, surpassing last year's performance in the same period. Despite a post-Black Friday 2% stock increase, shares later fell by 1.40%. The stock is at a critical support level of $142, indicating a potential rally point. Amazon's stock has risen 69% this year, with a 9% gain in November, closing at $147.03 on December 1.

Portfolio Pulse from Zaheer Anwari

December 04, 2023 | 7:12 pm

CMCSA

DIS

Comcast Corp (NASDAQ:CMCSA) stock is up due to Peacock reaching 30 million paying subscribers and positive insights shared by President Mike Cavanagh at the UBS Global Media and Communications conference. Cavanagh highlighted Peacock's $10 ARPU, NBCUniversal's creator-friendly approach, and a recent $8.5 billion payment from Walt Disney Co (NYSE:DIS) related to Hulu. He also discussed theme park strategies and Comcast's strong financial position for potential M&A, while emphasizing organic growth. Comcast's Q3 FY23 revenue growth of 0.9% to $30.12 billion exceeded expectations, with an adjusted EPS of $1.08 surpassing the consensus of $0.95.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 6:58 pm

Benzinga's options scanner detected unusual options activity for Mastercard (NYSE:MA), with a bullish sentiment from deep-pocketed investors. The options market dynamics show 23 extraordinary activities, with 65% bullish and 34% bearish. Notable trades include calls and puts with strike prices ranging from $160 to $420, expiring between 2024 and 2025. Mastercard, a leading payment processor, saw a slight stock price decrease of -0.19%, with a neutral RSI indicator. An earnings announcement is expected in 52 days.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:45 pm