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VLCN

Volcon Inc. (VLCN) announced a 1-for-45 reverse stock split, causing its shares to trade lower. Reverse stock splits often signal that a company is attempting to boost its share price to meet exchange listing requirements or to improve perception, but can be viewed negatively by the market as it may indicate underlying issues with the company's value or performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:52 pm

SNCY

Sun Country Airlines (NASDAQ:SNCY) reported Q4 2023 earnings of $0.12 per share, surpassing the consensus estimate of $0.05 by 140%. However, their quarterly sales of $245.50 million fell short of the expected $248.21 million by 1.09%, despite being an 8.08% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:52 pm

EZPW

EZCORP's stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:51 pm

VLCN

Volcon, Inc. has announced a 1-for-45 reverse stock split. This corporate action is typically used by companies to boost their share price by reducing the number of shares outstanding, which can help them meet minimum price requirements for stock exchanges and improve investor perceptions. However, reverse splits do not change the company's overall market capitalization and can sometimes be viewed negatively as they may signal underlying issues with the company's performance or stock demand.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:49 pm

WOLF

Wolfspeed, Inc. (NYSE:WOLF) reported Q2 earnings with losses of 55 cents per share, beating estimates but showing a 400% increase in losses from the previous year. Revenue was $208.40 million, slightly above expectations but down 3.56% year-over-year. The company highlighted record design wins of $2.9 billion, mainly in the EV sector. Non-GAAP gross margin dropped to 16.4% from 35.8% last year. Q3 revenue is projected between $185 million and $215 million, with a non-GAAP net loss of $71 million to $87 million. The Mohawk Valley Fab's revenue increased threefold. Despite positive aspects, WOLF shares fell 4.73% after hours.

Portfolio Pulse from Ryan Gustafson

January 31, 2024 | 9:49 pm

UGI

UGI Corporation reported Q1 2024 adjusted earnings per share (EPS) of $1.20, surpassing the consensus estimate of $1.05 by 14.29%. However, their quarterly sales of $2.12 billion fell short of the expected $2.67 billion, marking a 20.53% miss and a 23.12% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:45 pm

GTIM

Good Times Restaurants reported a Q1 2024 EPS of $(0.05), a decrease from $(0.01) year-over-year. Revenue also decreased to $33.123M from $33.394M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:43 pm

SIGI

Selective Insurance Gr (NASDAQ:SIGI) reported Q4 earnings with an EPS of $1.94, exactly in line with estimates. Revenue increased by $141.80 million compared to the same period last year. Despite meeting EPS estimates this quarter, a previous earnings miss in Q3 2023 led to a 1.14% share price drop the following day.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 9:40 pm

AMPS

Altus Power has acquired an 84MW portfolio of solar projects from Vitol for approximately $118 million. This strategic acquisition expands Altus Power's footprint in the renewable energy sector and enhances its portfolio of solar assets.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:39 pm

FRES

Fresh2 Group has received a bid deficiency notice from Nasdaq due to its stock price not meeting the minimum bid price requirement. The company must regain compliance within 180 days to avoid delisting.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:39 pm