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TPL

Texas Pacific Land (NYSE:TPL) reported Q1 earnings of $4.97 per share, surpassing the $4.82 estimate, marking a 32.53% increase from last year. Sales reached $174.14M, exceeding the $163.71M estimate, up 18.98% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:17 pm

MGNI

Magnite (NASDAQ:MGNI) reported Q1 2024 adjusted EPS of $0.05, surpassing the undefined analyst consensus estimate, and a 25% increase from the previous year. Sales reached $149.319M, beating the $124.239M estimate, marking a 20.19% beat and a 14.73% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:16 pm

WISH

ContextLogic (NASDAQ:WISH) reported Q1 earnings with a significant miss on both EPS and sales estimates. The EPS was $(2.43), missing the $(1.58) estimate by 53.8%, and sales were $36M, missing the $56M estimate by 35.71%. This represents a 36.55% improvement in EPS but a 62.5% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:16 pm

CE

Celanese (CE) reported Q1 2024 earnings of $2.08 per share, surpassing the $1.91 estimate. However, its sales of $2.611B fell short of the $2.674B estimate, marking an 8.48% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:16 pm

APP

Applovin shares are trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:16 pm

SBAC

SBA Communications (NYSE:SBAC) has seen a 6.6% decrease in short interest, now at 2.54 million shares or 2.83% of float, taking 2.78 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards SBAC compared to its peers, where the average short interest is 4.04% of float.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 8:15 pm

ROOT

Root, Inc. (NYSE:ROOT) has seen a decrease in short interest, now at 13.3% of its float, down 7.25% from the last report. With 1.26 million shares sold short and a 2.0-day average to cover, this change may indicate shifting market sentiment. Root's short interest is significantly higher than its peer group average of 5.18%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 8:15 pm

ASYS

Amtech Systems (ASYS) reported Q2 2024 adjusted EPS of $(0.20), missing the $(0.14) estimate, but sales of $25.4M exceeded the $23.5M estimate. This represents a 23.75% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:15 pm

CCI

Crown Castle's (NYSE:CCI) short interest has increased by 10.57% since the last report, with 5.13 million shares sold short, representing 1.36% of its float. It would take about 1.97 days to cover all short positions. This rise in short interest could indicate a bearish market sentiment towards CCI, although it has less short interest compared to its peers, with an average of 4.11% in the peer group.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 8:15 pm

ARM

Arm shares are trading lower following the release of their Q4 financial results and the issuance of their future guidance.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:14 pm