Streetbeat News

Earnings

SPRC

SciSparc Ltd (NASDAQ:SPRC) stock surged after announcing positive Phase IIa clinical trial results for SCI-110, a drug for treating agitation in elderly Alzheimer's patients. The trial met primary endpoints for tolerability and adverse events, showing potential to alleviate agitation without side effects. The stock's volume exceeded 10.55 million shares, far above the 100-day average of 1.181 million, with a small float of over 523 thousand shares. SPRC shares jumped 58% to $6.87.

Portfolio Pulse from Erica Kollmann

November 15, 2023 | 6:12 pm

CRMD

CorMedix Inc. shares have risen following the announcement of better-than-expected earnings per share (EPS) for the third quarter. Additionally, the company has received FDA approval for its product DefenCath, which is a significant regulatory milestone.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:03 pm

BABA

Alibaba Group Holding (NYSE:BABA) is scheduled to release its quarterly earnings report on Thursday, 2023-11-16. Analysts predict an EPS of $2.12. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, BABA's stock price has dropped following earnings beats due to guidance. Shares are currently at $83.87, with a 3.61% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 6:00 pm

EZFL

EzFill reported a 51% increase in Q3 revenue year-over-year, reaching $6.2M. The company's earnings per share (EPS) improved to $(0.58) from $(1.23) in the same quarter last year, indicating a reduction in losses.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:51 pm

ENR

Energizer Holdings, Inc. (NYSE:ENR) reported Q4 FY23 sales of $811.10 million, surpassing the consensus of $794.58 million, and an adjusted EPS of $1.20, beating estimates of $1.13. However, the company forecasts FY24 adjusted EPS of $3.10-$3.30, below the $3.36 estimate, and expects organic revenue to be flat to down low-single digits. Following the earnings report, ENR's stock fell 7.1%. Analysts from RBC Capital, Truist Securities, Morgan Stanley, and JP Morgan revised their price targets and ratings, with downgrades from RBC Capital and Morgan Stanley, and a price target increase from Truist Securities.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 5:44 pm

ICVX

Icosavax's stock price has increased following the announcement of their third-quarter earnings per share (EPS) results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:44 pm

ARCT

Arcturus Therapeutics' stock is trading higher following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:35 pm

ZIM

ZIM Integrated Shipping Services Ltd (NYSE:ZIM) reported a significant Q3 FY23 loss with sales down 61% Y/Y to $1.27 billion, missing estimates. The company posted an EPS loss of $(18.90) and adjusted EPS loss of $(1.71), both below expectations. Carried volume slightly increased, but average freight rate per TEU dropped by 66% Y/Y. Adjusted EBITDA plummeted by 89% Y/Y, and the company cut its FY23 outlook for adjusted EBITDA and EBIT loss. ZIM's stock price fell by 9.94% to $7.03.

Portfolio Pulse from Lekha Gupta

November 15, 2023 | 5:32 pm

AYTU

HRTX

KNTE

TIVC

Healthcare stocks experienced significant movement during Wednesday's intraday session. Heron Therapeutics, Kinnate Biopharma, Mira Pharmaceuticals, Cormedix, Gossamer Bio, and Evelo Biosciences saw their stocks rise following recent earnings reports. Conversely, Aytu BioPharma, Tivic Health Systems, BioCardia, TransCode Therapeutics, Homology Medicines, and Intensity Therapeutics experienced declines in their stock prices, also in the context of recent earnings releases.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 5:31 pm

BWEN

CLIR

ELIQ

GWAV

IDEX

IPDN

IPW

JTAI

MESA

SHPW

VTSI

In Wednesday's intraday session, several industrial stocks experienced significant movements. Babcock & Wilcox's stock surged 30.5% after their Q3 earnings report from 4 days ago. Broadwind's shares rose 20.48% following their Q3 earnings from 2 days ago. Mesa Air Gr, Ideanomics, Jet AI, and VirTra also saw their stocks rise, with VirTra's Q3 earnings released yesterday. Conversely, Electriq Power Holdings, Shapeways Holdings, Professional Diversity, Greenwave Tech Solns, ClearSign Technologies, and iPower faced declines after their recent Q3 earnings reports, with iPower's Q1 earnings also being a factor.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 5:31 pm