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TSAT

Telesat (NASDAQ:TSAT) reported Q1 2024 GAAP EPS of $(0.80), missing the $0.04 estimate by 2103.25%, but sales of $152.177M exceeded the $113.850M estimate by 33.67%, marking a 12.16% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:04 am

INSE

Inspired Entertainment, Inc. has launched its NBA Re-Play virtual sports product in Greece in partnership with OPAP, a leading Greek betting and lottery company. This move marks a significant expansion of Inspired Entertainment's virtual sports offerings and its presence in the European betting market. The NBA Re-Play product allows users to bet on simulated NBA games using historical NBA game footage, providing a unique betting experience. This launch is expected to enhance the company's revenue streams and strengthen its position in the virtual sports sector.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:03 am

ARKB

BITB

BTCO

FBTC

GBTC

IBIT

Bitcoin spot ETFs experienced a net outflow of $11.29 million on May 9, with significant movements in individual funds such as Grayscale Bitcoin Trust and BlackRock Bitcoin Trust. The market is adjusting to expectations of Federal Reserve rate cuts, maintaining a cautiously optimistic outlook on Bitcoin.

Portfolio Pulse from Murtuza Merchant

May 10, 2024 | 11:02 am

TBRG

TruBridge reported its Q1 2024 adjusted earnings per share (EPS) at $0.19, surpassing the estimated $0.15. The company's sales reached $83.247 million, also beating the forecast of $83.013 million.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:02 am

SQSP

Mizuho analyst Siti Panigrahi upgrades Squarespace (SQSP) from Neutral to Buy and increases the price target from $34 to $50.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:01 am

SACH

Sachem Capital reported Q1 2024 earnings of $0.08 per share, missing the $0.10 estimate, and sales of $17.200M, below the $17.375M estimate. This represents a 20% decrease in EPS and a 16.94% increase in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:01 am

DOCN

DigitalOcean Holdings (DOCN) reported Q1 2024 earnings of $0.43 per share, surpassing the $0.38 estimate, with sales of $184.730M also beating the $182.584M estimate, marking an 11.87% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:01 am

AMCX

AMC Networks (AMCX) reported Q1 2024 earnings of $1.16 per share, missing the $1.67 estimate, with sales of $596.460M also missing the $602.602M estimate. This represents a 16.86% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:00 am

LEA

Morgan Stanley analyst Adam Jonas upgrades Lear Corporation (LEA) from Equal-Weight to Overweight and increases the price target from $150 to $160.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:59 am

NVTS

Navitas Semiconductor shares are trading lower following the announcement of worse-than-expected Q1 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:59 am