Streetbeat News

Earnings

GOOG

GOOGL

MSFT

NVDA

Nvidia's stock surged over 8% following CEO Jensen Huang's comments on AI's potential beyond data centers, sparking a broader tech sector rally. Experts highlighted Nvidia's oversold status and the ongoing demand for AI, with significant investments from major tech companies. Nvidia's stock is up 136% year-to-date.

Portfolio Pulse from Shanthi Rexaline

September 12, 2024 | 7:34 am

LOVE

Lovesac (NASDAQ:LOVE) is set to release its Q2 earnings on Sept. 12, with analysts expecting a loss of 44 cents per share. The company recently extended its credit facility and authorized a $40 million share repurchase. Analysts have mixed ratings, with price targets ranging from $32 to $36.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 6:56 am

GME

Jim Cramer criticizes GameStop's business model, likening it to an overvalued SPAC. Despite a 31% sales decline, GameStop turned a profit from interest on its cash reserves. Analysts suggest closing physical stores and operating as a bank. GameStop's stock fell 11.98% after missing revenue estimates.

Portfolio Pulse from Benzinga Neuro

September 12, 2024 | 6:49 am

ADBE

CSBR

KR

OXM

SIG

Several stocks are in focus as U.S. stock futures rise. Kroger is expected to report earnings of $0.91 per share. Oxford Industries reported weaker-than-expected results, causing a 10.4% drop in shares. Signet Jewelers is expected to post earnings of $1.14 per share. Champions Oncology reported better-than-expected results, with shares jumping 30%. Adobe is expected to report earnings of $4.53 per share.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 6:45 am

AMD

NVDA

RTO

U.S. stocks rose on Wednesday, with the Nasdaq jumping over 2% driven by a surge in NVIDIA shares. Inflation data showed a decrease, improving market sentiment, though the Fear & Greed Index remains in the 'Fear' zone. NVIDIA and AMD saw significant gains, while Rentokil Initial's shares dropped sharply.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 6:43 am

IPHA

Innate Pharma reported a significant decline in its H1 earnings per share (EPS) and sales compared to the previous year. The EPS dropped from €0.02 to €(0.31), and sales decreased from €40.198 million to €12.345 million. Despite this, the company maintains a cash position of €102.1 million as of June 30, 2024, with an anticipated cash runway until the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:08 am

AVNW

Aviat Networks has filed a Notification of Late Filing on Form 12b-25 for its Annual Report on Form 10-K, indicating a delay in its financial reporting.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 9:51 pm

MIND

MIND Technology anticipates revenue growth, positive adjusted EBITDA, and increased profitability for the fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:56 pm

KEQU

Kewaunee Scientific reported a decrease in Q1 sales to $48.39 million, down from $49.84 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:51 pm

ADBE

Adobe is set to report its Q3 earnings, with analysts expecting revenue of $5.37 billion and EPS of $4.53. The company has consistently beaten estimates and is focusing on AI tools for growth. Analysts have positive outlooks, with price targets ranging from $580 to $675.

Portfolio Pulse from Chris Katje

September 11, 2024 | 8:50 pm