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STNE

StoneCo reported Q4 sales of R$3.25 billion, missing the estimated R$3.42 billion. This correction highlights a shortfall in the company's expected revenue.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:31 pm

LTRN

Lantern Pharma (NASDAQ:LTRN) reported Q4 earnings, beating estimated earnings by 3.0% with an EPS of $-0.39 versus an estimate of $-0.4. However, revenue was unchanged from the same period last year. Following last quarter's earnings beat, the share price increased by 33.0% the next day.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 8:30 pm

HUM

Over the past 15 years, Humana (NYSE:HUM) has produced an average annual return of 19.3%, outperforming the market by 6.17% on an annualized basis. A $100 investment in HUM 15 years ago would now be worth $1,359.93. Humana's market capitalization currently stands at $41.85 billion.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 8:30 pm

RAIL

FreightCar America (NASDAQ:RAIL) reported Q4 earnings with an EPS of $-0.07, missing estimates by -600% and a revenue decrease of $2.38M from the previous year. The company's share price dropped 7% the day after last quarter's earnings miss.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 8:30 pm

RAIL

FreightCar America (NASDAQ:RAIL) reported Q4 earnings with a loss of $(0.07) per share, missing the $(0.01) estimate by 600%. Sales were $126.60M, missing the $135.00M estimate by 6.22%, marking a 1.85% decrease from the previous year.

Portfolio Pulse from dijoy@benzinga.com

March 18, 2024 | 8:29 pm

CTNT

Cheetah Net Supply Chain Service Inc. (CTNT) reported a significant decline in FY23 financial results, with EPS dropping to $0.01 from $0.05 YoY. Revenue fell by 30.5% to $38.4 million due to a strategic pause in vehicle procurement and a shift in procurement pricing strategy. Despite the revenue decline, cost control measures were effective, with a decrease in total cost of revenue and selling expenses. Net income also decreased to $0.1 million from $0.8 million in 2022.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:28 pm

NVDA

NVIDIA has announced the launch of its new Blackwell GPU, marking a significant advancement in its graphics processing unit technology. This new product is expected to enhance NVIDIA's position in the GPU market and potentially increase its market share and revenue.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:28 pm

RFIL

RF Industries (NASDAQ:RFIL) reported Q1 earnings with an EPS of $-0.06, matching the estimate but showing a revenue decline of $4.88 million from the previous year. Despite matching EPS estimates, the revenue drop and comparison to past performance, where a beat on EPS led to a share price increase, highlight potential concerns.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 8:25 pm

DKNG

PARA

WBD

The 2024 NCAA Men's Basketball Tournament, a major event for sports betting, will be broadcasted by Warner Bros. Discovery (WBD) and Paramount Global (PARA, PARAA) across various channels. DraftKings Inc (DKNG) has provided betting odds for the top 16 teams. Analysis using KenPom rankings suggests that Connecticut, Arizona, Auburn, and Houston have the best chance to win based on historical data of top offensive and defensive efficiencies.

Portfolio Pulse from Chris Katje

March 18, 2024 | 8:24 pm

RGF

The Real Good Food Company, Inc. (NASDAQ:RGF) announced Tim Zimmer as the new CEO effective March 15, 2024, succeeding Gerard Law. Zimmer brings over 30 years of experience from roles at Smithfield Foods, Sara Lee Foods, Kraft Foods, and Nestle. The company also appointed Mark Dietz as Senior VP of Operations to enhance supply chain efficiencies. RGF plans to close its City of Industry facility by June 30, 2024, for cost savings and improved margins. Consumption of RGF's branded products increased by 53% year over year as of February 2024. The company's recent refinancing reduced cash debt service, enhancing liquidity. Additionally, RGF is restating its financial statements for 2022 and 2023 due to inventory errors, estimating a reduction in inventory balance between $7 million and $12 million.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:24 pm