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CVRX

CVRx shares are trading lower following the announcement of Q1 financial results that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:36 pm

AROC

Archrock (NYSE:AROC) reported Q1 earnings of $0.26 per share, surpassing the $0.22 estimate, marking a 160% increase from last year. Sales reached $268.49M, exceeding the $260.51M estimate, up 16.82% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:35 pm

AMD

SOXX

AMD reported Q1 results slightly above expectations with record data center revenue but provided Q2 revenue guidance below consensus estimates, causing its stock to retreat in after-hours trading. The company highlighted strong growth in its Data Center and Client segments, driven by AI accelerator shipments and processor adoption. Despite a year-over-year decline in PC shipments, AMD's server compute business is expected to remain strong. AMD's stock fell 3.71% in after-hours trading but analysts remain optimistic about its future performance.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 8:35 pm

EXEL

Exelixis shares are trading lower due to worse-than-expected Q1 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:34 pm

SWKS

Skyworks Solutions, Inc. anticipates a sequential decline in its mobile business for the third quarter. This outlook may impact investor sentiment and the company's stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:33 pm

WTTR

Select Energy Services (NYSE:WTTR) reported Q1 2024 earnings of $0.04 per share, missing the $0.07 estimate, and sales of $366.548M, below the $369.510M estimate. This represents a 66.67% decrease in earnings and a 12.01% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:33 pm

SWKS

Skyworks Solutions, Inc. (SWKS) forecasts its Q3 2024 revenue to be around $900 million, plus or minus 2%, which is below the analyst estimate of $1.022 billion. This indicates a potential revenue shortfall compared to market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:33 pm

NARI

Inari Medical's shares surged following the announcement of Q1 sales results that exceeded expectations and the issuance of FY24 revenue guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:33 pm

OI

O-I Glass shares dropped following the announcement of disappointing Q1 sales results and a reduction in the forecast for FY24 adjusted EPS.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:32 pm

MFIN

Medallion Financial (MFIN) reported Q1 2024 earnings of $0.42 per share, surpassing the $0.39 estimate, a 37.31% decrease from last year's $0.67. Sales reached $53.320M, beating the $49.702M estimate, marking a 16.71% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:31 pm