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Revenues

ON

ON Semiconductor forecasts Q2 2024 revenue of $1.68B-$1.78B, below the $1.83B estimate, and adjusted EPS of $0.86-$0.98, under the $1.01 estimate. The outlook includes GAAP and non-GAAP projections for revenue, gross margin, operating expenses, and other financial metrics.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:05 pm

NTLA

Intellia Therapeutics announced that an oral presentation from the Phase 1 portion of the ongoing NTLA-2002 Phase 1/2 study will be accepted at the European Academy of Allergy and Clinical Immunology Congress 2024. This marks a significant milestone for the company as it progresses in its clinical trials.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:31 am

MRNA

Moderna has entered a non-exclusive out-licensing agreement for its COVID-19-related patents in Japan, securing an upfront payment and a low double-digit royalty on net sales of its COVID-19 product. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:18 am

PFE

Pfizer Inc. (NYSE:PFE) is set to present over 50 abstracts, including 11 oral presentations, at the 2024 ASCO Annual Meeting, showcasing advances in Oncology, particularly in ADCs and bispecific antibodies. The presentations will cover Pfizer's approved and pipeline therapies across key tumor areas and core scientific modalities.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:47 am

GOOGL

U.S. stock markets closed higher, driven by strong tech earnings and mild inflation data. Alphabet announced its first dividend and a $70 billion buyback, boosting its shares by 10% and its valuation above $2 trillion. The PCE price index rose to 2.7% in March. Asian markets also saw gains, while European markets were mixed. Commodities and U.S. futures indicated varied movements, with the yen surging against the dollar due to potential Japanese intervention.

Portfolio Pulse from Akanksha Bakshi

April 29, 2024 | 10:35 am

AULT

Ault Alliance, Inc. (NYSE:AULT) reported a preliminary Q1 2024 revenue of $36M, marking the highest first quarter revenue in the company's history. This figure excludes $3M from its AGREE hotel properties, which were initially considered for sale but will now be reclassified into continuing operations.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:33 am

DPZ

Domino's Pizza reported a Q1 US same store sales growth of 5.6% and an international same store sales growth of 0.9%.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:11 am

RVTY

Revvity has adjusted its 2024 revenue forecast to a range of $2.76B-$2.82B, down from the previously projected range of $2.79B-$2.85B. This new forecast is slightly below the consensus expectation of $2.81B.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:04 am

TSLA

Tesla Inc. (NASDAQ:TSLA) plans to lay off 693 employees in Nevada as part of a global workforce reduction of 10%, totaling about 14,000 jobs, due to falling EV sales and margins. The layoffs, announced on April 15, are part of a broader effort to streamline the company for future growth, according to CEO Elon Musk. This move comes amid disappointing financial results for Tesla, with a 55% drop in net profit and the first quarterly revenue decline since 2020. Despite these challenges, Musk has promised a faster rollout of cheaper EV models.

Portfolio Pulse from Anan Ashraf

April 27, 2024 | 4:01 am

TSLA

Dustin Moskovitz, Facebook co-founder, compared Tesla to Enron, accusing it of presenting misleading data about its Full Self-Driving (FSD) capabilities and potentially committing consumer fraud. He highlighted concerns over Tesla's FSD progress and questioned the company's software sales revenue claims. Moskovitz's allegations include misleading vehicle range representations and inaccurate odometer readings, with social media reports supporting these claims. Tesla has not responded to the allegations. The success of FSD is crucial for Tesla's future, especially for its planned robotaxi service.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 2:01 am