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GME

GameStop Corporation (NYSE:GME) reported Q4 financial results with net sales of $1.794 billion and EPS of 22 cents, both missing Street consensus estimates. Year-over-year, net sales decreased from $2.226 billion, and full fiscal year sales were down to $5.273 billion from $5.927 billion. Despite this, GameStop ended the quarter with $1.2 billion in cash and no long-term debt outside of a COVID-19 related loan. Shares dropped 17% in after-hours trading to $12.89.

Portfolio Pulse from Chris Katje

March 26, 2024 | 8:24 pm

HOUR

Hour Loop reported a FY23 EPS of $(0.07), down from $(0.04) YoY, with revenues rising to $132.12M from $95.93M. Despite increased competition leading to a gross margin decrease to 50.3%, operating expenses improved. The net loss widened to $2.4M from $1.5M YoY. Cash reserves fell to $2.5M, and inventories decreased to $14.3M. For FY24, revenue is projected between $145M-$172M, with net income expected to be $0.5M-$2M.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:24 pm

BWMN

Bowman Consulting Group's shares are trading lower following the announcement of a $50 million public offering of common stock. This move could dilute existing shareholders' equity, leading to the current decrease in stock price.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:24 pm

DRCT

Direct Digital Holdings reported worse-than-expected Q4 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:23 pm

NCNO

NCino's shares surged following the announcement of Q4 adjusted EPS results that exceeded expectations. The company also provided optimistic Q1 and FY25 adjusted EPS guidance, surpassing analysts' estimates.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:22 pm

AACG

ATA Creativity Global (NASDAQ:AACG) reported a significant increase in Q4 earnings per share, rising 300% to $0.04 from $0.01 YoY. Sales also saw a modest increase of 3.63% to $11.80M from $11.39M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:18 pm

TSLA

Mexican sculptor Chavis Marmol recently demonstrated his critique of Tesla and its CEO Elon Musk by dropping a nine-ton stone inspired by the Olmec civilization onto a Tesla Model 3. The event, aimed to 'troll Elon Musk,' took place in Mexico City and was supported by an anonymous donor and the artistic director of boutique hotel Colima 71. This act of protest comes as Tesla prepares to start construction on a new gigafactory in Mexico, highlighting cultural and societal critiques.

Portfolio Pulse from Chris Katje

March 26, 2024 | 8:17 pm

MDB

MongoDB (NASDAQ:MDB) has seen significant options trading activity, with a bearish sentiment prevailing among financial giants. Analysis revealed 73% bearish and 26% bullish trades, with notable puts and calls within a price range of $310.0 to $430.0. The company, with a vast user base, is currently trading at $354.12, slightly up by 0.16%. Analysts have issued varying ratings, with a consensus target price of $474.0, indicating a positive outlook despite the bearish options sentiment.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 8:15 pm

TEAM

Financial analysis reveals a bearish sentiment among traders towards Atlassian (NASDAQ:TEAM), with 66% of the unusual options trades being puts. The options activity suggests expectations for TEAM's price to fluctuate between $180.0 and $260.0. The analysis of volume and open interest in these options indicates significant attention from big players. Atlassian, known for its team collaboration software, is currently experiencing a slight decrease in stock price, with an upcoming earnings announcement in 37 days.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 8:15 pm

VLD

Velo3D (NYSE:VLD) reported Q4 earnings with an EPS of $-0.29, missing estimates by -262.0% against an expected $-0.08. Revenue decreased to $27.97 million from the same period last year. This follows a pattern of missed EPS estimates in previous quarters, with the share price showing minimal reaction after last quarter's earnings miss.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 8:15 pm