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CSIQ

Canadian Solar (NASDAQ:CSIQ) reported Q1 2024 earnings of $0.19 per share, surpassing the $(0.08) estimate, with sales of $1.342B exceeding the $1.287B forecast. This represents a 21.11% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:02 am

VTNR

Vertex Energy (VTNR) reported Q1 2024 GAAP EPS of $(0.19), missing the $(0.13) estimate, with a 575% decrease from last year's earnings. Sales reached $695.320M, slightly above the $690.819M estimate, marking a 0.60% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:02 am

YETI

YETI Holdings reported Q1 adjusted earnings of $0.34 per share, surpassing the $0.24 estimate, a 41.67% beat, and an 88.89% increase from last year's $0.18. Sales reached $341.39M, exceeding the $333.31M estimate by 2.43%, marking a 12.75% increase from the previous year's $302.80M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:01 am

SIX

Six Flags Entertainment (NYSE:SIX) reported Q1 sales of $133.291 million, missing the analyst consensus estimate of $136.594 million by 2.42% and marking a 6.26% decrease from the previous year's sales of $142.190 million.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:01 am

EMR

Deutsche Bank analyst Nicole Deblase upgraded Emerson Electric (EMR) from Hold to Buy and increased the price target from $123 to $138.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:54 am

AAPL

VGT

XLK

Apple Inc.'s unionized retail store in Towson, Maryland, is considering a strike amid ongoing negotiations over pay, overtime, and other labor practices. The International Association of Machinists & Aerospace Workers, representing the store, plans to vote on a strike, which could disrupt Apple's image. This follows a report of unfair labor practices by Apple and a separate unionization vote in New Jersey. Apple's stock, part of ETFs like VGT and XLK, has risen over 6% in the past year.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 9:52 am

DIS

WBD

Walt Disney Co. (NYSE:DIS) and Warner Bros. Discovery (NASDAQ:WBD) are collaborating to offer a new streaming bundle, including Disney+, Hulu, and Max, launching in the U.S. this summer. CNBC's Alex Sherman dubbed this the 'great rebundling,' indicating a trend towards more media partnerships. The bundle will have both ad-supported and ad-free options, with pricing details to be announced. This collaboration is part of Disney's strategy to enhance its streaming services, alongside securing NBA rights and adjusting its Marvel content strategy.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 9:50 am

SPY

President Joe Biden, in an interview, claimed to have turned the economy around, attributing persistently high inflation to 'corporate greed' and emphasizing his administration's efforts in job creation and inflation reduction. Despite a low job approval rating and skepticism about economic management compared to Donald Trump, Biden highlighted the strong labor market and GDP growth as evidence of economic improvement. He also hinted at potential Fed rate cuts in response to economic conditions. The SPDR S&P 500 ETF Trust (SPY) saw a slight decline but has risen over 66% since Biden took office.

Portfolio Pulse from Shanthi Rexaline

May 09, 2024 | 9:49 am

BYND

CDLX

DLA

DUOL

EXAS

Exact Sciences reported a Q1 loss with shares falling 17.4% in pre-market trading, alongside other significant pre-market movers including Cardlytics, Delta Apparel, Bioventus, Beyond Meat, Duolingo, SolarEdge Technologies, Arm Holdings, Airbnb, Vanda Pharmaceuticals, argenx SE, LifeMD, Forward Air Corporation, and HubSpot, all experiencing declines after reporting their financial results.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 9:49 am

HIMX

Himax Technologies' shares surged following the announcement of their Q1 results, which exceeded expectations. The company also provided positive Q2 guidance and declared an annual cash dividend.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:36 am