Erica Kollmann

Erica Kollmann

Benzinga Staff Writer

GeneDx Stock Climbs After Better-Than-Expected Q1 Results, Raises FY24 Guidance
GeneDx reports quarterly losses of 33 cents per share which beat the analyst consensus estimate of losses of 67 cents by 50.75%. The company reported quarterly sales of $62.422 million which beat the analyst consensus estimate of $49.463 million by 26.2%.
Coursera Reports Mixed Q1, Guides Q2 And FY24 Revenue Below Estimates
Coursera reports quarterly earnings of 7 cents per share which beat the analyst estimate. The company reported quarterly sales of $169.1 million which missed the analyst consensus estimate of $170.433 million by 0.78% and represents a 14.53% increase over sales of $147.642 million from the same period last year.
NXP Semiconductors Reports Better-Than-Expected Q1 Results, Issues Q2 Guidance
NXP Semiconductors reported quarterly earnings of $3.24 per share which beat the analyst consensus estimate of $3.16 by 2.53%. Quarterly sales came in at $3.13 billion which beat the analyst consensus estimate of $3.127 billion by 0.11% and represents a 0.29% increase over sales of $3.121 billion from the same period last year.
Lattice Semiconductor Reports Q1 Results, Guides Q2 Revenue Below Estimates
Lattice Semiconductor reported quarterly earnings of 29 cents per share which beat the analyst consensus estimate of 28 cents and is a 43.14% decrease from earnings of 51 cents per share from the same period last year. Quarterly sales clocked in at $140.815 million, beating the analyst consensus estimate of $140.138 million by 0.48% and representing a 23.6% decrease from sales of $184.31 million from the same period last year.
MicroStrategy Reports Q1 Results, Company Holds 214,400 Bitcoins
MicroStrategy reported quarterly non-GAAP losses of $8.26 per share. Quarterly sales came in at $115.2 million which missed the analyst consensus estimate of $121.725 million by 5.36% and represents a 5.51% decrease year-over-year. The company now holds 214,400 bitcoins.
What's Going On With Super Micro Computer Stock Ahead Of Earnings?
SMCI is set to report its third-quarter financial results after the bell on Tuesday and will host a conference call to discuss the results at 5:00 p.m. ET the same day. According to estimates from Benzinga Pro, analysts expect the company to report earnings of $5.84 per share and quarterly revenue of $3.99 billion.
What's Going On With Snap Stock?
Snap reported better-than-expected first-quarter results last Thursday. Snapchat grew to over 422 million daily active users, an increase of 39 million, or 10% year-over-year, and the number of Snapchat+ subscribers more than tripled year-over-year, surpassing 9 million subscribers in the first quarter. 
What's Going On With Rivian Automotive Stock?
Rivian plans to begin opening its fast-charging network to other EVs later in 2024 and showcased a prototype of its new, in-house charger. The new charger is taller and features a longer cable to accommodate differences in vehicle charging port placement and will deliver rapid charging to both 400 and 800-volt packs and feature CCS connectors with support for North American Charging Standard (NACS)-equipped vehicles with an approved adapter. Support for native NACS, also known as SAE J3400, will come with a future hardware update.
Why EV-Maker Mullen Automotive's Stock Is Charging Monday
Under HVIP, the 2024 Mullen THREE EV truck, with a suggested MSRP of $68,500, qualifies for a cash voucher of up to $45,000. When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen THREE could be less than $17,000.
BofA Says These 4 Companies Could Benefit From The Next Apple Product Cycle
BofA Securities released a research note based on the list of Apple's suppliers which named companies that could potentially benefit from an Apple product cycle. BofA named electronics manufacturers Jabil and Flex as potential beneficiaries and noted Apple accounted for 17% of Jabil's revenue in 2023.
What's Going On With ZyVersa Stock?
ZyVersa Therapeutics shares are trading higher Monday after the company announced the publication of a scientific paper in a peer-reviewed journal that reinforces the rationale for inhibiting ASC with IC 100 to potentially attenuate cardiac comorbidities in patients with Alzheimer's Disease.
What's Going On With SoFi Stock Ahead Of Earnings?
SoFi is set to report its first-quarter financial results before the market open on Monday, April 29 and will host a conference call at 8:00 a.m. ET the same day. According to estimates from Benzinga Pro, analysts expect the company to report earnings of 1 cent per share and quarterly revenue of $555.997 million.
What's Going On With ImmunityBio Stock?
ImmunityBio said the QUILT 3.055 trial shows median overall survival almost double that of standard of care chemotherapy in 2nd- and 3rd-line non-small cell lung cancer (NSCLC) patients whose cancer did not respond to checkpoint inhibitors with or without chemotherapy. 
What's Going On With Nvidia's Stock?
Nvidia shares are trading higher Friday. Several AI-related and chip stocks are rising following better-than-expected earnings from Microsoft and Meta increased its capex outlook. Wedbush analyst Dan Ives expressed his excitement about the strong results from Microsoft and Alphabet and emphasized the need for increased AI spending, as companies shift towards the "fourth industrial revolution."
What's Going On With Super Micro Computer Stock?
Microsoft delivered better-than-expected earnings after the bell Thursday. Microsoft CEO Satya Nadella highlighted strong demand for the company's offerings, particularly in the field of artificial intelligence (AI). SMCI shares also rose Thursday after Meta reported its first-quarter results and increased its capital expenditures outlook amid the company's AI efforts.
Western Digital Q3 Earnings: Revenue Beat, Higher ASP, Upbeat Q4 Guidance And More
Western Digital reported earnings of 63 cents per share and quarterly sales of $3.46 billion which beat the $3.36 billion analyst consensus estimate. "As evidenced by our excellent third quarter results, Western Digital continues improving through-cycle profitability and dampening business cycles by leveraging our strategy of developing a diversified portfolio of industry-leading products across a broad range of end markets," said David Goeckeler, Western Digital CEO. 
T-Mobile Reports Mixed Q1 Results: EPS Beat, Revenue Misses
T-Mobile reported quarterly earnings of $2.00 per share which beat the analyst consensus estimate of $1.89 by 5.82%. Quarterly sales clocked in at $19.594 billion which missed the analyst consensus estimate of $19.811 billion by 1.09% and represents a 0.19 % decrease from the same period last year.
Roku Exceeds Q1 Earnings Expectations, Provides Upbeat Guidance
Roku reported quarterly losses of 35 cents per share which beat the analyst consensus estimate of losses of 62 cents by 43.55%. The company reported quarterly sales of $881.5 million which beat the analyst consensus estimate of $848.616 million by 3.87% and represents an increase of 18.96% year-over-year.
Snap Shares Soar On Better-Than-Expected Q1 Results, Daily Active User Growth, Q2 Revenue Guidance
Snap reported quarterly earnings of 3 cents per share which beat the analyst consensus estimate of a loss of 5 cents per share. Quarterly sales clocked in at $1.195 billion which beat the analyst consensus estimate of $1.12 billion by 6.74% and represents a 20.88% increase over sales of $988.608 million from the same period last year.
Intel Shares Fall On Q1 Revenue Miss, Weak Q2 EPS Guidance
ntel reported quarterly earnings of 18 cents per share which beat the analyst consensus estimate of 14 cents by 28.57%. Quarterly sales came in at $12.72 billion which missed the analyst consensus estimate of $12.78 billion by 0.44% and represents a 8.61% increase over sales of $11.71 billion from the same period last year.