Streetbeat News

Earnings

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

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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

AKTS

ARQQ

ATGL

ATOM

BLBX

BTDR

CISO

DUOT

EBIX

INTZ

MLGO

PRSO

In Wednesday's intraday session, several information technology stocks experienced significant movements. CISO Global's stock surged by 63.7% following its Q3 earnings report two days ago. Ebix and Blackboxstocks also saw gains of 24.79% and 21.21%, respectively, after their Q3 earnings releases. Atomera, Akoustis Technologies, and Alpha Technology Group experienced upward movements as well. Conversely, Intrusion, Bitdeer Technologies, Arqit Quantum, Duos Technologies Group, Peraso, and MicroAlgo faced declines, with some linked to their recent Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 5:31 pm

Macy's Inc (NYSE:M) stock rose 7.9% following Target Corp's better-than-expected Q3 financial results, which may indicate positive consumer spending and benefit other retailers. Target reported a slight sales dip but an increase in gross margin, suggesting a potentially favorable economic environment for retailers like Macy's.

Portfolio Pulse from Henry Khederian

November 15, 2023 | 5:28 pm

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GLBE

HRTX

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JGGC

TGT

TSHA

U.S. stocks traded higher, with the Dow Jones up by over 100 points. Materials shares led gains, while utilities fell. Target Corporation (NYSE:TGT) reported Q3 financial results that exceeded expectations, with a smaller year-on-year sales decline and higher adjusted EPS than anticipated. AST SpaceMobile, Inc. (NASDAQ:ASTS), Heron Therapeutics, Inc. (NASDAQ:HRTX), and Taysha Gene Therapies, Inc. (NASDAQ:TSHA) saw their shares rise following their earnings reports. Conversely, Jaguar Global Growth Corporation I (NASDAQ:JGGC), Ispire Technology Inc. (NASDAQ:ISPR), and Global-e Online Ltd. (NASDAQ:GLBE) experienced share price declines. Oil and gold prices fell slightly, while silver and copper rose. Economic data showed a decline in U.S. producer prices and an improvement in the NY Empire State Manufacturing Index.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 5:20 pm

TGT

TJX

WMT

Target Corporation reported an unexpected earnings beat for Q3 with revenue of $25.4 billion, surpassing estimates despite a YoY sales decline and a 5% drop in comparable sales. Digital sales fell 6% YoY, but net income rose 36% to $971 million. The earnings beat was attributed to strong sales in women's fall fashion apparel, jewelry, and a new kitchenware brand. However, Target's CFO warned of a challenging holiday quarter with expected mid-single-digit declines in comparable sales and adjusted EPS between $1.90 and $2.60. Walmart, which reports later in the week, did not hire additional holiday staff, suggesting a softer holiday season. Home Depot, Macy's, and TJX Companies are also set to report earnings this week.

Portfolio Pulse from Upwallstreet

November 15, 2023 | 5:04 pm

SLDB

Shares of Solid Biosciences Inc. (NASDAQ:SLDB) are rising after the FDA cleared its IND application for SGT-003, a gene therapy candidate for Duchenne muscular dystrophy. The company's CEO expressed optimism about the therapy's potential. The stock is trading on high volume, with over 10.25 million shares traded, surpassing the 100-day average of under 40 thousand shares. Last week, the company reported Q3 financial results with losses of $1.05 per share, better than the expected $1.19 per share and an improvement from the previous year's $2.71 per share loss.

Portfolio Pulse from Erica Kollmann

November 15, 2023 | 5:01 pm