Streetbeat News

Earnings

TWLO

Twilio Inc has reaffirmed its guidance for Q4 and the fiscal year ending December 31, 2023, according to an SEC filing. The company also expects that the majority of the restructuring charges related to the December plan will be incurred in Q4 of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:19 pm

MCOM

Micromobility.com Inc. (NASDAQ:MCOM) CEO Salvatore Palella addresses shareholders, outlining strategic initiatives for profitability and market expansion. The company is pivoting to branded retail and profitable sharing services, with significant cost reductions in Q2. They are introducing Long-Term Rentals (LTR) in key cities and integrating fintech payment solutions, with plans to expand retail outlets in various U.S. cities. MCOM is negotiating a loan leveraging IP and pursuing M&A activities, focusing on profitable growth. The CEO acknowledges past challenges, particularly in the media business segment, and emphasizes a commitment to financial sustainability and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:17 pm

ALK

COIN

QQQ

SAIC

SPOT

SPY

UBER

U.S. stock futures indicate a weak opening as investors react to Fed Chair Powell's comments on potential policy tightening. Gold prices hit record highs amid geopolitical tensions, while Bitcoin soars past $40,000. Crude oil prices drop due to OPEC+ output cuts and demand concerns. Premarket trading sees SPY and QQQ ETFs down, while individual stocks like COIN, UBER, SPOT, SAIC, and ALK show significant movements. ALK's planned acquisition of HA causes a surge in HA's stock.

Portfolio Pulse from Piero Cingari

December 04, 2023 | 2:14 pm

AMD

DELL

HPE

INTC

LNVGF

LNVGY

NVDA

TSM

AMD's EVP and GM, Forrest Norrod, at the UBS Annual Technology Conference, highlighted the potential of the MI300 in positioning AMD as a key player in the AI market. He expects AI revenue to surpass $2 billion in 2024, with the MI300 launch being a significant milestone. AMD's market share in North American hyperscalers is above 50%, and it aims to increase its enterprise sector share. Norrod compared AMD's chiplet technology favorably against NVIDIA and discussed compliance with U.S. export regulations for the Chinese market. Partnerships with companies like HPE, Dell, Lenovo, and Supermicro are key, and AMD's software strategy includes collaborations with hyperscalers and open-source initiatives. AMD maintains a strong foundry partnership with TSMC but is open to working with Intel if they catch up. The company targets a 30% plus operating margin over time, supported by investments in AI and other sectors.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 2:12 pm

ATHE

Alterity Therapeutics Inc (NASDAQ:ATHE) stock surged over 200% after presenting new data at the Future of Parkinson's Disease Conference 2023. The data showed that its drug ATH434 improved motor performance and general function in a primate model of Parkinson's disease. The treatment was associated with reduced iron levels in pathology and increased levels of synaptophysin, indicating functional neuronal connections. The study highlighted that all ATH434-treated monkeys showed stable or improved symptoms compared to the placebo group.

Portfolio Pulse from Vandana Singh

December 04, 2023 | 2:11 pm

DBGI

Digital Brands Group, Inc. (DBGI) has announced the conversion of all remaining pre-funded warrants from their August 2023 financing into common shares. This move eliminates the overhang of shares and is expected to positively impact the company's stock. The conversion has resulted in a total of 857,859 common shares outstanding. CEO Hil Davis believes this will aid in executing their growth strategy and maintaining Nasdaq listing standards. The company anticipates being ebitda neutral in Q1 due to increasing revenue trends and decreasing operating expenses.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:10 pm

EYPT

EyePoint Pharmaceuticals' stock is up following the announcement that its Phase 2 DAVIO 2 trial of EYP-1901 for wet AMD met all primary and secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:05 pm

DSGX

Descartes Systems Gr (NASDAQ:DSGX) is scheduled to release its quarterly earnings report on Tuesday, 2023-12-05, with analysts expecting an EPS of $0.34. Investors are looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows a mix of beats and misses with corresponding stock price reactions. Shares are currently trading at $82.34, up 23.28% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:01 pm

TOL

Toll Brothers (NYSE:TOL) is expected to release its quarterly earnings report on Tuesday, 2023-12-05, with an estimated EPS of $3.71. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Toll Brothers has surpassed EPS estimates, resulting in share price increases the following day. The company's past earnings performance shows a consistent pattern of beating EPS estimates and positive share price reactions.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:01 pm

PLAY

Dave & Buster's Enter (NASDAQ:PLAY) is scheduled to report quarterly earnings on Tuesday, 2023-12-05, with an estimated EPS of $-0.12. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, stock price reactions to earnings have been mixed. Shares are currently trading at $43.14, up 17.21% over the last 52 weeks. Long-term shareholders are optimistic ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:01 pm