Streetbeat News

Revenues

TSM

Shares of TSMC (TSM) are up following a report of a significant 34.8% month-over-month increase in net revenue for October.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:17 pm

NKLA

PLUG

Nikola Corporation (NASDAQ:NKLA) stock is down 7.6% with no new company-specific news. The decline may be due to last week's poor earnings report and a negative reaction to Plug Power Inc's (NASDAQ:PLUG) worse-than-expected Q3 financial results. Nikola's recent earnings showed a lack of truck production, only 3 truck shipments, and a significant gross loss. The company also faces increased expenses from a truck recall and needs to raise capital to reach profitability by 2025.

Portfolio Pulse from Henry Khederian

November 10, 2023 | 5:22 pm

ORGO

Organogenesis Holdings' stock is trading higher following the release of their Q3 financial results and the announcement of their revenue guidance for the full year 2023.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 5:10 pm

BW

DRCT

MRAI

PLUG

TCON

TWOU

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. The University of Michigan consumer sentiment declined to 60.4 in November, the lowest in six months. TRACON Pharmaceuticals, Direct Digital Holdings, and Marpai saw their shares rise after positive financial results or corporate actions. Conversely, Babcock & Wilcox Enterprises, Plug Power, and 2U experienced significant share price drops following disappointing financial results or outlooks. Crude oil prices increased by 2.1%, while gold and silver prices fell.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 5:00 pm

NVAX

Novavax shares have declined following the company's announcement of a reduction in its revenue guidance for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:57 pm

RGF

The Real Good Food Company, Inc. (NASDAQ:RGF) reported a 48% year-on-year increase in Q3 FY23 sales, surpassing consensus estimates. Gross profit rose significantly, but EPS loss was greater than expected. The company saw increased household penetration and provided an optimistic outlook for Q4 and FY23 revenues, as well as preliminary FY24 guidance. RGF shares rose by 2.96% to $1.74.

Portfolio Pulse from Nabaparna Bhattacharya

November 10, 2023 | 4:52 pm

CLPT

ClearPoint Neuro's stock is trading lower following the announcement of Q3 revenue results that fell short of expectations. Additionally, the company's revenue guidance for FY23 is below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:50 pm

HYPR

Hyperfine's stock price has declined following the announcement of Q3 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:48 pm

ORGN

Origin Materials' stock is trading lower due to the company reporting lower than expected Q3 revenue and providing FY23 revenue guidance that falls short of estimates.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:46 pm

SNES

SenesTech shares have declined following the announcement of lower than expected revenue for Q3, indicating a negative market reaction to the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:45 pm