Streetbeat News

Earnings

PPIH

Perma-Pipe International Holdings reported a significant increase in Q2 earnings per share (EPS) to $0.40, up from $0.13 year-over-year. Sales also rose to $37.513 million from $35.141 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:23 pm

VRA

Vera Bradley's Q2 results were negatively impacted by macroeconomic headwinds, leading to a significant drop in stock price. The company reported lower-than-expected earnings and revenues, with declines in both direct and Pura Vida segment sales. The outlook for fiscal year 2025 is also below expectations.

Portfolio Pulse from Nabaparna Bhattacharya

September 11, 2024 | 1:20 pm

BMBL

Bumble Inc (NASDAQ:BMBL) is investing in AI tools to enhance its online dating platform, aiming to improve user experience and compete with rivals like Tinder. Despite reporting a 3.4% growth in Q2 revenue, Bumble missed analyst expectations, leading to stock downgrades. The company plans to launch AI features by winter to boost growth.

Portfolio Pulse from Anusuya Lahiri

September 11, 2024 | 1:14 pm

VRA

Vera Bradley's shares declined following disappointing Q2 financial results and a FY25 guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:06 pm

IBM

ORCL

IBM and Oracle are identified as potentially overbought tech stocks with high RSI values, indicating possible short-term price corrections. IBM's recent acquisition and Oracle's earnings beat have driven their stock prices up significantly.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 1:00 pm

APIE

BABA

JHEM

PDD

Jack Ma encourages Alibaba to embrace competition as a growth driver. Alibaba faces challenges, including a domestic price war and missed earnings estimates. The company recently joined China's Stock Connect, potentially unlocking $12 billion in funds.

Portfolio Pulse from Anusuya Lahiri

September 11, 2024 | 12:59 pm

MANU

Manchester United PLC reported a 15% decline in Q4 2024 sales, missing analyst estimates. Broadcasting revenue fell significantly, while commercial revenue saw a slight increase. The company reported an operating loss and a larger adjusted EPS loss than expected. Despite a business transformation plan, the stock is down 3.59% premarket.

Portfolio Pulse from Anusuya Lahiri

September 11, 2024 | 12:59 pm

MANU

Manchester United shares are experiencing a decline due to disappointing Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 12:58 pm

AAP

C

IBM

IES

JPM

XOM

Jim Cramer shared his views on several stocks on CNBC's 'Mad Money Lightning Round.' He advised against owning Exxon Mobil due to falling oil prices and expressed skepticism about Advance Auto Parts' operations. Cramer was positive about IBM's performance under CEO Arvind Krishna and recommended JPMorgan Chase over Citigroup. IES Holdings was also highlighted positively, with a recent share repurchase program announcement.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 12:46 pm

BCTX

GME

PLAY

BriaCell's Phase 2 data shows promising results for metastatic breast cancer treatment, boosting its stock. GameStop's shares fall due to a Q2 revenue miss, while Dave & Buster's shares rise on better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 12:39 pm