Streetbeat News

Revenues

TAOP

Taoping Inc. reported a significant revenue growth of 59.4% for the fiscal year 2023 and anticipates continued growth into FY24.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:45 pm

SDIG

Stronghold reported an estimated revenue of $27.5 million for Q1. The company, represented by the ticker SDIG, has made this announcement as a key financial highlight.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:44 pm

GLD

META

UUP

The U.S. economy grew by 1.6% in Q1 2024, below the expected 2.5%, with inflation indicators like the Core PCE price index rising to 3.7%. The U.S. dollar index, as represented by UUP, slightly increased, while gold prices, tracked by GLD, rose by 0.5%. Meta Platforms Inc. (META) saw a 15% drop in premarket trading due to weak revenue guidance for Q2, impacting U.S. indices futures.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 12:42 pm

DIA

IWM

QQQ

QQQM

SPY

Major stock indexes declined due to weaker-than-anticipated US GDP growth, indicating a slowdown in economic expansion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:35 pm

KRNY

Kearny Financial (NASDAQ:KRNY) reported Q3 2024 adjusted EPS of $0.12, surpassing the $0.10 estimate, but its sales of $34.319M fell short of the $34.380M forecast. This represents a 29.41% decrease in earnings and a 19.00% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:33 pm

CDTX

OPTN

ULBI

Ultralife (ULBI) shares surged 26% following better-than-expected Q1 results. Cidara Therapeutics (CDTX) shares jumped 41% after announcing the divestiture of rezafungin, reacquiring rights to CD388, and securing $240 million in financing. Optinose (OPTN) shares increased 36% with the company expecting positive income from operations by 2025.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:31 pm

SPY

The Goods Trade Balance for March was reported at -91.83B, slightly worse than the expected -91.1B but almost unchanged from the prior -91.84B.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:30 pm

WKSP

Worksport Ltd. (NASDAQ:WKSP, WKSPW) released a memo to shareholders highlighting its undervalued status and projecting significant growth in 2024. The company, specializing in hybrid and clean energy solutions for light trucks, emphasized its strong patent portfolio, state-of-the-art facility, and upcoming product launches, including the SOLIS solar cover and COR portable energy storage system. Worksport anticipates substantial revenue growth from these innovations and has seen positive B2C and B2B sales momentum. Additionally, its subsidiary, Terravis Energy, Inc., is developing a groundbreaking heat pump technology, with the company also pursuing several multi-million-dollar grants to support further growth.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:11 pm

HFWA

Heritage Financial (NASDAQ:HFWA) reported Q1 2024 earnings of $0.40 per share, meeting consensus estimates but marking a 31.03% decrease from the previous year. Sales were $48.630M, missing estimates by 18.81% and showing a 28.59% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:06 pm

TSCO

Tractor Supply reported a 1.1% increase in Q1 comparable store sales, driven by a 1.3% increase in transaction count, offset by a 0.2% decline in average ticket size. The growth was attributed to strong seasonal merchandise sales, balanced by declines in year-round discretionary categories. Consumables, usables, and edibles aligned with the overall sales performance.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:58 am