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TFFP

TFF Pharmaceuticals reported Q1 2024 earnings with a GAAP EPS of $(2.40), missing the $(2.26) estimate, but sales of $203.27K exceeded the $75.00K estimate, marking a 295.25% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:42 pm

AKLI

Akili reported Q1 2024 adjusted EPS of $(0.12), beating the $(0.14) estimate, but missed sales estimates with $383.00K versus the expected $794.00K. Despite the sales miss, this represents a significant increase over the previous year's figures.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:41 pm

FORA

Forian Inc. (NASDAQ:FORA) reported Q1 earnings with a loss of $(0.04) per share, missing the consensus estimate of $(0.02) by 100%. Quarterly sales were $4.88M, missing the $5.11M estimate by 4.56%, but marking a slight increase from $4.87M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:40 pm

APO

PARA

SONY

Deal talks between Paramount Global Inc. (NASDAQ:PARA) and Sony Group Corp. (NYSE:SONY) and Apollo Global Management Inc. (NYSE:APO) are faltering, with Sony rethinking its $26B bid for Paramount. Factors such as the lack of a signed NDA and a recent decline in Sony's stock price are influencing the decision. Paramount's stock dropped over 5% upon the news, while Sony's ADR stock rose 6.5%. The situation leaves room for other contenders like the Skydance-RedBird partnership.

Portfolio Pulse from Piero Cingari

May 14, 2024 | 8:40 pm

HMC

Honda Motor shares are trading higher after reports of workforce reductions in China, indicating a strategic move to cut costs and potentially improve profitability.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:39 pm

WATT

Energous (WATT) reported Q1 2024 adjusted EPS of $(1.11), missing the $(0.78) estimate, with sales of $64.00K also missing the $146.00K estimate. This represents a 33.80% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:39 pm

INLX

Intellinetics reported a Q1 EPS of $(0.04), missing the $0.04 estimate, representing a 233.33% decrease from last year. However, their sales of $4.51M exceeded the $4.23M estimate, marking a 7.64% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:38 pm

GOOG

GOOGL

RUM

Rumble Inc (NASDAQ:RUM) reported Q1 earnings with a revenue of $17.7 million, missing estimates, and a loss of 21 cents per share, also below expectations. The company announced a partnership with Barstool Sports and filed a second antitrust lawsuit against Google (Alphabet Inc, NASDAQ:GOOG, NASDAQ:GOOGL) seeking $1 billion in damages. Rumble plans to introduce new metrics including ARPU and expects revenue growth in Q2, aiming for breakeven in 2025.

Portfolio Pulse from Chris Katje

May 14, 2024 | 8:38 pm

BABA

BIDU

NVDA

TCEHY

Alibaba and Tencent, two of China's tech giants, reported their earnings with Alibaba facing investment losses impacting its stock despite revenue growth, while Tencent showed strong revenue growth and profit increase. Both companies face regulatory challenges in China, including directives to reduce spending on foreign-made chips. Analysts favor Alibaba for a higher upside potential despite its recent challenges.

Portfolio Pulse from Surbhi Jain

May 14, 2024 | 8:37 pm

MGY

Magnolia Oil & Gas (MGY) affiliates of EnerVest are selling 12M shares of MGY's Class A stock in a secondary block trade. Post-sale, they'll own 4.16M Class A and 10.957M Class B shares, about 7.6% of MGY. MGY will buy back 3M Class B shares from them at the block trade price.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:36 pm