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ME

23andMe shares surged following CEO Anne Wojcicki's announcement of considering a proposal to take the company private.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:51 am

INFY

Infosys shares are trading lower following the announcement of their Q4 results and the issuance of their FY25 guidance.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:44 am

BNTC

Benitec Biopharma's stock is trading higher following the announcement of a $40 million oversubscribed private placement financing and positive interim clinical data for BB-301 from its Phase 1b/2a study on OPMD.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:43 am

BTCUSD

Santiment's analysis indicates a potential recovery for Bitcoin either right before or shortly after the halving, based on social metrics showing a shift from FOMO to FUD following a 16% drop in Bitcoin's value since its all-time high. Other analysts predict corrections and buying opportunities around the halving event. The crypto market has seen a significant increase in liquidations, with Bitcoin's price slightly down in the last 24 hours.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 11:42 am

BHLB

Berkshire Hills Bancorp (BHLB) reported Q1 2024 adjusted EPS of $0.49, surpassing the $0.47 estimate, but its revenue of $88.140M fell short of the $89.010M forecast. This represents a 22.22% decrease in EPS and a 9.63% drop in revenue compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:42 am

OFG

OFG Bancorp reported Q1 earnings of $1.05 per share, surpassing the consensus estimate of $0.95 by 10.53% and marking a 9.38% increase from last year's $0.96 per share. Total core revenues reached $174.2M, exceeding last year's $164.4M.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:39 am

VFS

BTIG analyst Greg Lewis has maintained a Buy rating on VinFast Auto (NASDAQ:VFS) but has lowered the price target from $8 to $5.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:37 am

ALLY

Ally Financial (NYSE:ALLY) reported Q1 adjusted earnings of $0.45 per share, surpassing the $0.33 estimate, and adjusted sales of $1.99B, beating the $1.96B estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:35 am

IDGT

NOK

QTUM

Nokia Corp (NYSE:NOK) reported a 20% year-on-year decline in Q1 2024 net sales to €4.67 billion, missing consensus estimates. Despite this, net profit increased to €438 million from €289 million a year ago, with EPS of $0.10 beating the consensus of $0.06. The decline in sales was attributed to weak demand in Network Infrastructure and Mobile Networks, partially offset by a significant increase in Nokia Tech sales due to new patent license agreements. Gross and operating margins improved, and the company announced a dividend of €0.04 per share. Nokia reaffirmed its FY24 outlook, expecting growth in Network Infrastructure sales and a comparable operating profit of between €2.3 billion and €2.9 billion. Nokia stock has fallen 29% over the last 12 months but traded higher by 0.90% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 11:35 am

INFY

Infosys (NYSE:INFY) reported Q4 earnings of $0.23 per share, surpassing the $0.17 estimate, marking a 27.78% increase from last year. Sales reached $4.56B, slightly above the $4.52B estimate, showing a 0.22% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:30 am