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CHGG

Chegg issued its Q1 guidance on Monday, projecting total net revenues to be between $159M and $161M, which is below the estimated $173.58M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:24 am

ARKB

GBTC

IBIT

Bitcoin ETFs experienced significant outflows, with ARKB and GBTC leading the trend with $31.34 million and $24.66 million in outflows respectively. The total net outflow reached $51.53 million on Monday, continuing a three-week trend totaling $435 million in outflows. BlackRock's iShares Bitcoin Trust (IBIT) remained stagnant. The U.S. saw the majority of these outflows, with Grayscale's GBTC accounting for $440 million. Despite this, inflows for the year hit a record $13.6 billion. Altcoins like Solana, Litecoin, and Chainlink saw inflows, indicating a diversification in investor interest.

Portfolio Pulse from Murtuza Merchant

April 30, 2024 | 11:20 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) experienced a significant stock surge, increasing by $25.76 or 15.31%, closing at $194.05. The rise was humorously celebrated by Elon Musk and investor Sawyer Merritt, referencing critic Gordon Johnson's low price target. Despite the surge, Johnson remains skeptical, particularly about Tesla's advancements in China and the challenges of data localization and U.S. restrictions on NVDA chip shipments.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 11:20 am

TREE

LendingTree reported Q1 2024 adjusted EPS of $0.70, surpassing the $0.37 estimate, with sales of $167.8M also beating the $162.773M estimate. This represents a significant earnings increase and a sales decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:16 am

SAN

Banco Santander's stock price is trading lower due to the company reporting worse-than-expected Q1 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:16 am

HEES

H&E Equipment Services reported a 33.2% year-over-year increase in Q1 sales of new equipment, totaling $10.4M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:15 am

GLW

Corning anticipates its Q2 2024 core earnings per share (EPS) to be between $0.42 and $0.46, compared to the estimated $0.44. The company also expects core sales to be around $3.4 billion, surpassing the estimated $3.332 billion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:13 am

GLW

Corning (NYSE:GLW) reported Q1 2024 earnings of $0.38 per share, surpassing the consensus estimate of $0.35. Sales reached $3.258B, also beating estimates of $3.116B but marking a 3.24% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:11 am

CCJ

Cameco shares are trading lower due to worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:10 am

AMT

American Tower Corporation (AMT) shares are trading higher after the company reported better-than-expected financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:09 am