Streetbeat News

Earnings

ALGN

ET

STEP

Insiders at StepStone Group, Align Technology, and Energy Transfer have recently made notable stock purchases. StepStone Group and Energy Transfer posted downbeat quarterly earnings, while Align Technology reported Q1 financial results and issued guidance.

Portfolio Pulse from Lisa Levin

June 01, 2023 | 12:58 pm

MO

Altria Group has completed its acquisition of NJOY Holdings and updated its 2023 full-year earnings guidance to $4.89-$5.03 EPS, down from the previous estimate of $5.05. The company plans to invest in the US commercialization of NJOY ACE, the only pod-based e-vapor product with FDA marketing authorization.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:53 pm

NRSN

NeuroSense Therapeutics announced the completion of patient enrollment in its Phase 2b ALS trial, with topline data expected in Q4 2023. The company is also preparing for a Phase 2 Alzheimer's Disease trial and reported positive results from a Parkinson's Disease biomarker study. Collaborations with Massachusetts General Hospital's NeuroEpigenetics Lab and QuantalX have been established.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:51 pm

NRSN

NeuroSense Therapeutics reported Q1 losses of $(0.33) per share, a 37.5% decrease from $(0.24) per share YoY.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:50 pm

AI

C3.AI reported better-than-expected Q4 financial results and issued relatively in-line guidance, but shares are trading lower. The stock's surge this year on AI momentum may have led to high expectations.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:49 pm

AI

AVGO

CHWY

M

S

Macy's shares fell after lowering its FY23 outlook, while C3.ai stock dropped despite better-than-expected Q4 results. SentinelOne traded lower in sympathy with Crowdstrike, Chewy shares surged on strong Q1 results, and Broadcom is set to report Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:47 pm

NTAP

NetApp reported better-than-expected Q4 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:47 pm

ADP

GLD

SPY

UUP

The ADP Employment Report showed a better-than-expected increase of 278,000 private jobs in May, while the Department of Labor reported a lower-than-anticipated rise in unemployment claims. These figures set the stage for Friday's key nonfarm payroll report by the Bureau of Labor Statistics.

Portfolio Pulse from Piero Cingari

June 01, 2023 | 12:46 pm

CHWY

Chewy reported a YoY increase in Q1 EPS results and better-than-expected Q1 sales results, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:46 pm

CONN

Conn's, Inc. reported a Q1 FY24 sales decline of 16.3% YoY to $284.57 million, missing the consensus of $306.06 million. Same-store sales decreased by 20.1%, while eCommerce sales increased 24.6%. Adjusted EPS loss of $(1.52) missed the consensus of $(1.33).

Portfolio Pulse from Nabaparna Bhattacharya

June 01, 2023 | 12:45 pm