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ELDN

Eledon Pharmaceuticals has completed enrollment for its Phase 2 BESTOW clinical trial, which focuses on preventing organ rejection in kidney transplant patients.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:10 am

CURV

Torrid Holdings reported Q2 earnings per share of $0.08, beating estimates of $0.06, but sales of $284.64 million slightly missed the $285.37 million estimate. This represents a 33.33% increase in EPS and a 1.56% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:04 am

DKS

DICK'S Sporting Goods has raised its full-year 2024 EPS guidance to a range of $13.55 to $13.90, up from the previous range of $13.35 to $13.75, and above the consensus estimate of $13.79.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:04 am

DKS

DICK'S Sporting Goods has increased its full-year 2024 guidance for comparable sales growth to 2.5%-3.5%, up from the previous range of 2.0%-3.0%.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:03 am

GTLB

NVDA

PD

QQQ

SPY

ZS

US stock futures are down, with the VIX spiking 10% and Bitcoin sliding. Nvidia is down over 1% in premarket trading. Analysts suggest focusing on defensive stocks amid mixed economic data. GitLab surged 17% on earnings, while PagerDuty and Zscaler fell over 14%.

Portfolio Pulse from Shanthi Rexaline

September 04, 2024 | 11:01 am

CIEN

Ciena Corporation reported its Q3 2024 financial results, with adjusted EPS of $0.35, surpassing the estimate of $0.26. The company's sales reached $942.308 million, exceeding the expected $927.210 million.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:01 am

JILL

J.Jill reported Q2 2024 earnings per share of $1.05, surpassing the analyst estimate of $0.91, despite a year-over-year decrease. Sales also exceeded expectations at $155.242 million, though they were slightly down from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:47 am

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) shares surged premarket after announcing a $210 million acquisition of Datavault's intellectual property and IT assets. The deal involves $200 million in restricted stock and a $10 million promissory note. The acquisition aims to enhance WiSA's offerings in Web 3.0 and blockchain data monetization. The transaction is expected to close by December 31, 2024, pending approvals.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 10:45 am

RIVN

TSLA

Former Tesla executive Rohan Patel predicts a decade of upheaval in the auto industry, emphasizing the need for efficiency and innovation over protectionist measures. Tesla CEO Elon Musk questions Rivian's financial reliance on Volkswagen amidst the latter's potential factory closures in Germany due to competitive pressures.

Portfolio Pulse from Anan Ashraf

September 04, 2024 | 10:41 am

ATHA

ATRA

CNFR

GTLB

WISA

ZS

GitLab shares surged 17% in pre-market trading after reporting better-than-expected Q2 earnings and issuing strong FY25 guidance. Other notable pre-market movers include WiSA Technologies, Conifer Holdings, and Atara Biotherapeutics among gainers, while Athira Pharma and Zscaler saw significant declines.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 10:39 am