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BRC

BRC shares experienced an uptick following the announcement of improved year-over-year Q4 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:28 pm

WMG

Warner Music's shares are trading lower following the company's confirmation of approaching Believe SA for a potential combination, valuing Believe at a minimum of €17 per share.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:27 pm

APVO

Aptevo Therapeutics' stock is trading higher following the announcement of positive interim data from the Phase 1 trial of ALG.APV-527, aimed at treating solid tumors likely to express the tumor antigen 5T4.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:26 pm

F

FXI

GM

SPY

STLA

Three Democratic U.S. Senators have urged President Biden to increase tariffs on Chinese imported autos, expressing concerns that these imports could threaten the American automotive manufacturing sector. The senators' appeal highlights the potential risks to domestic industry competitiveness and job security in the face of growing imports from China.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:22 pm

RKLB

VSAT

Rocket Lab USA, Inc. (RKLB) shares are trading higher after being selected by ViaSat, Inc. (VSAT) to support its hybrid space communications networks demonstrations. The demonstrations, part of two awards totaling $80 million under NASA's CSP, will showcase ViaSat's multi-band, space-based relay communication services for LEO missions. Rocket Lab will provide a spacecraft bus and mission operation support, incorporating its satellite components into the spacecraft. The mission, scheduled for early 2026, aims to enhance data management, reduce latency, and increase real-time throughput.

Portfolio Pulse from Nabaparna Bhattacharya

March 07, 2024 | 5:20 pm

DSGX

Descartes Systems Group's shares increased following a report of better-than-expected Q4 revenues, leading to multiple analysts raising their price targets for the company.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:16 pm

BJ

BJ's Wholesale Club shares are trading higher despite mixed Q4 results, indicating investor optimism or focus on positive aspects of the report.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:15 pm

SQNS

Sequans Communications (NYSE:SQNS) reported Q4 earnings with an EPS of $-0.23, missing estimates by -53.0% and a revenue decrease of $11.14 million from the previous year. Despite past earnings misses, the share price increased by 0.0% the day after last quarter's earnings were announced.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:15 pm

RSI

Rush Street Interactive, Inc. (NYSE:RSI) shares surged after reporting Q4 financial results surpassing estimates and providing 2024 revenue guidance above expectations. Q4 revenue was $193.85 million, a 17% increase year-over-year, beating estimates of $178.83 million. Adjusted EBITDA was $11.5 million, a significant improvement from a $17.3 million loss in the prior year. Monthly Active Users in the U.S. and Canada grew 7% to 160,000, while Latin America saw a 33% increase to 204,000. Adjusted EPS was $0.01, outperforming the expected loss of $0.03. The company ended the year with $168 million in unrestricted cash and cash equivalents. For 2024, Rush Street anticipates revenue between $770 million and $830 million, exceeding the $759.25 million estimate, with adjusted EBITDA projected at $35 million to $45 million. Shares rose 12% to $6.04.

Portfolio Pulse from Lekha Gupta

March 07, 2024 | 5:12 pm

NFLX

Netflix Inc (NASDAQ:NFLX) announced it will exclusively stream a live boxing match between Jake Paul and Mike Tyson on July 20 at the AT&T Stadium. This event marks Netflix's third live sports event, following a live golf event and 'The Netflix Slam' tennis match. The match between Paul and Tyson, described as 'the biggest fight in history,' is part of Netflix's strategy to focus on sports adjacent programming and potentially one-off live events. Netflix shares are up 1% following the announcement.

Portfolio Pulse from Chris Katje

March 07, 2024 | 5:11 pm