Streetbeat News

Earnings

SOUN

SoundHound AI Inc (NASDAQ:SOUN) shares dropped after the company announced it could not file its quarterly report for Q3 due to immaterial accounting errors related to historical financing transactions. The company also expects to report material weaknesses in its internal control over financial reporting. This follows a recent rally where the stock rose approximately 28% after preliminary Q3 results beat estimates.

Portfolio Pulse from Adam Eckert

November 16, 2023 | 1:40 pm

WMT

Walmart's stock is trading lower following the release of their third-quarter financial results.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:38 pm

ATHX

Athersys reported a third-quarter earnings per share (EPS) of $(0.15), indicating a loss for the quarter.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:36 pm

BABA

Alibaba's stock price is trading lower following the release of their second-quarter financial results.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:34 pm

ALL

Allstate Corporation (NYSE:ALL) has implemented rate increases for its auto and homeowners insurance in October 2023. The auto insurance rates have increased by 10.4%, expected to raise annualized written premiums by approximately $2.70 billion. Homeowners insurance rates have seen a 9.6% increase, expected to raise annualized written premiums by about $982 million. Additionally, the average gross written premium for homeowners insurance rose by 12.2% in October 2023 compared to the previous year. Allstate's estimated catastrophe losses for October were below the $150 million threshold.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:33 pm

SO

Southern Inc. (NYSE:SO) stock has risen by 3.97% over the past month and 5.35% over the past year, currently trading at $69.08. The company's P/E ratio of 25.1 is higher than the Electric Utilities industry average of 21.43, which may suggest the stock is overvalued. Investors are advised to consider P/E ratios alongside other financial metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 1:15 pm

MYNZ

Mainz Biomed reported its Q3 earnings with an EPS of $(0.39), surpassing the estimated $(0.47). However, the company's sales of $181.67K fell short of the expected $330.00K.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:11 pm

PANW

Palo Alto Networks, Inc. (NASDAQ:PANW) shares dropped by approximately 5% in pre-market trading despite reporting Q1 earnings and revenue that beat analyst estimates. The decline is attributed to the company's lowered full-year 2024 total billings forecast. Other stocks experienced various movements in pre-market trading, with some notable gainers and losers listed.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 1:08 pm

NVEE

NV5, a provider of professional and technical engineering and consulting solutions, has acquired Technical Design Services (TDS), a company specializing in data center and technology infrastructure design. The acquisition was made through a combination of cash and stock and is expected to be immediately accretive to NV5's earnings, indicating a positive impact on the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:07 pm

MYNZ

Mainz Biomed reported its Q3 earnings with an EPS of $(0.39), which is consistent with the previous year's results. The company's sales increased to $181.00 from $96.8 year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:07 pm