Streetbeat News

Stock Prices

RMTI

Rockwell Medical's shares surged following the announcement of its Q4 FY2023 earnings and the release of its FY2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:45 am

EYEN

NN

OVID

Insiders at NextNav, Eyenovia, and Ovid Therapeutics have made significant purchases of their companies' stocks, indicating potential confidence in their future prospects. NextNav and Eyenovia reported worse-than-expected financial results, while Ovid Therapeutics posted upbeat quarterly sales.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 10:45 am

YRD

Yiren Digital reported a Q4 EPS of $0.91, up 16.54% from $0.78 YoY, with sales reaching $179.48M, a 13.77% increase from $157.76M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:36 am

BCS

Barclays PLC (NYSE:BCS) is set to cut hundreds of jobs in its investment banking division as part of its annual review process, aiming to dismiss underperformers. This move follows a challenging year for dealmaking in the banking industry and is part of Barclays' strategy to focus on expanding its higher-returning consumer bank. The bank also plans to save costs and boost profitability by reducing up to 2,000 jobs. Despite a 3% year-over-year decrease in total income for Q4 FY23, Barclays is optimistic about its 2024 projections, including a notable NII for Barclays UK. Additionally, Barclays has increased the purchase price for certain cash tender offers.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 10:19 am

CCG

FIVE

LI

LX

SSL

TRML

WULF

Five Below, Inc. (NASDAQ:FIVE) reported Q4 earnings of $3.65 per share, up from $3.07 year-over-year, with revenue of $1.34 billion, up from $1.12 billion. The company anticipates Q1 earnings between 58 cents and 69 cents per share, with revenue between $826 million and $846 million. Shares fell 12.9% in pre-market trading. Other stocks like LexinFintech Holdings Ltd. (NASDAQ:LX), Li Auto Inc. (NASDAQ:LI), TeraWulf Inc. (NASDAQ:WULF), Cheche Group Inc. (NASDAQ:CCG), Tourmaline Bio, Inc. (NASDAQ:TRML), and Sasol Limited (NYSE:SSL) also recorded losses in pre-market trading following their respective updates.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 10:15 am

XFOR

X4 Pharmaceuticals (NASDAQ:XFOR) reported Q4 earnings, beating estimated earnings by 33.0% with an EPS of $-0.1 versus an estimate of $-0.15. However, revenue was unchanged from the same period last year. In the previous quarter, despite beating EPS estimates, the share price dropped by 5.0% the following day.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 10:15 am

LI

Li Auto Inc (NASDAQ:LI) shares dropped premarket Thursday after the company reduced its Q1 FY24 vehicle delivery guidance from 100,000-103,000 to 76,000-78,000, citing lower-than-expected order intake. The adjustment reflects a strategic shift back to focusing on core user groups and cities with higher purchasing power, aiming for sustainable growth by enhancing user value over competition.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 10:13 am

SCVL

Shoe Carnival reported Q4 earnings of $0.57 per share, missing the consensus estimate of $0.59, and sales of $280.17M, slightly below the estimate of $280.27M. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:13 am

RMTI

Rockwell Medical forecasts its net sales to increase in the mid-to-high single digits by 2025, with a projected gross margin of around 20% in 2025 and exceeding 25% in 2026 and beyond.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:11 am

LU

Lufax Holding (NYSE:LU) reported Q4 earnings with a significant miss, posting an EPS of $-0.21 against an estimate of $-0.02, and a revenue decrease of $820.24 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, notably leading to a 19.0% share price drop after last quarter's earnings miss.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 10:10 am