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Alcoa Corporation (NYSE:AA) reported Q1 financial results with a loss of 81 cents per share and revenue of $2.6 billion, surpassing the $2.56 billion analyst consensus. The company saw a 6% increase in third-party alumina revenue but a 3% decrease in aluminum revenue. Alumina production fell by 4%, while aluminum production remained steady. Alcoa announced the acquisition of Alumina Limited, aiming for strategic benefits and announced positive outlooks for alumina production and shipments. Alcoa shares rose 3.52% in after-hours trading.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 8:39 pm

COF

DFS

Discover Financial Services (NYSE:DFS) reported Q1 revenue of $4.21 billion, a 13% increase year-over-year, beating estimates. Earnings per share were $1.10, down from last year. Total loans grew to $126.6 billion, with credit card loans at $99.5 billion. The net charge-off rate rose to 4.92%. A merger with Capital One Financial Corporation (NYSE:COF) is in progress, aiming to create a larger banking and payments organization.

Portfolio Pulse from Chris Katje

April 17, 2024 | 8:39 pm

FNB

F N B Corporation (FNB) reported Q1 adjusted earnings per share of $0.34, meeting analyst estimates but marking a 15% decrease from the previous year. Quarterly sales were $406.87M, slightly missing the $406.96M estimate and showing a 2.20% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:36 pm

LBRT

Liberty Energy (NYSE:LBRT) reported Q1 earnings of $0.48 per share, missing the consensus estimate of $0.54, and a 46.67% decrease from last year's $0.90. Sales were $1.07B, missing the $1.08B estimate and marking a 14.98% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:32 pm

MSGS

Xtract One Technologies Inc. announces a marketed public offering of units and a concurrent private placement with MSG Sports Ventures, a subsidiary of Madison Square Garden Sports Corp. (NYSE:MSGS). The offering, managed by Eight Capital, includes shares and warrants, with an over-allotment option of up to 15%. The proceeds are intended for working capital and general corporate purposes, with the closing date expected around April 24, 2024. MSG Sports aims to maintain its pro rata interest in Xtract One through the private placement.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:31 pm

LESL

SRM

TUP

ZAPP

In Wednesday's after-market session, 12 consumer discretionary stocks showed notable movements. SRM Entertainment, Zapp Electric Vehicles, Arcimoto, MGO Global, Newegg Commerce, and BARK were among the gainers, with increases ranging from 4.67% to 8.6%. On the downside, Leslies, J-Long Group, SRIVARU Holding, Volcon, Tupperware Brands, and Tile Shop Holdings experienced declines between 2.11% and 3.5%.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:31 pm

TCON

TRVN

In Wednesday's after-market session, health care stocks saw significant movement. Trevena, Mustang Bio, SINTX Techs, Fortress Biotech, TC BioPharm, and Acutus Medical were among the gainers, with Trevena leading at a 27% increase. Conversely, TRACON Pharma, DIH Holding US, Virax Biolabs Group, Soligenix, INVO Bioscience, and ProKidney were the losers, with TRACON Pharma experiencing the largest decline at 16.6%. Market cap values varied, highlighting the volatility in the health care sector.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:31 pm

EFX

NEOV

XELA

In Wednesday's after-market session, several industrials stocks saw significant movements. NeoVolta, Earlyworks Co, Exela Technologies, Roma Green Finance, Ideanomics, and Getaround were among the gainers, with increases ranging from 4.22% to 10.6%. On the downside, Ryde Group, Equifax, Nauticus Robotics, Agrify, AERWINS Technologies, and Lucas GC experienced declines between 3.62% and 6.1%. Notably, Exela Technologies and Equifax released their Q1 earnings, while Agrify released its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:31 pm

NUE

Financial analysts have observed a mix of bullish and bearish options trading activity on Nucor (NYSE:NUE), with an equal split between bullish and bearish sentiments among traders. Significant trading activity has set a price target range for Nucor between $150.0 and $225.0 over the next three months. The analysis includes details on specific trades, including both puts and calls, with varying sentiments and strike prices. Nucor, a steel and steel products manufacturer, has seen its stock price slightly increase by 0.35% to $192.78, with neutral RSI indicators. An analyst from JP Morgan has set a target price of $195.0, maintaining a Neutral rating on Nucor.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:31 pm

IZM

RXT

SELX

VIAO

In Wednesday's after-market session, several information technology stocks experienced notable movements. ICZOOM Group (IZM) led the gainers with a 6.8% increase, while Nano Labs (NA) headed the losers with a 7.1% decline. Other notable movers included VIA optronics (VIAO), X3 Holdings (XTKG), and Rackspace Tech (RXT) among the gainers, and Semilux International (SELX), Spectaire Holdings (SPEC), and Banzai International (BNZI) among the losers.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:31 pm