Innovator U.S. Equity Buffer ETF - April (BATS: BAPR)

Innovator U.S. Equity Buffer ETF - April (BATS:BAPR), Trade Ideas

Innovator U.S. Equity Buffer ETF - April

ARMOUR Residential REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARR#NYSE">ARR</a>) reported quarterly earnings of $0.82 per share which missed the analyst consensus estimate of $0.97 by 15.46 percent. This is a 39.26 percent decrease over earnings of $1.35 per share from the same period last year. The company reported quarterly sales of $5.30 million which missed the analyst consensus estimate of $65.82 million by 91.95 percent. This is a 55.83 percent decrease over sales of $12.00 million the same period last year.

Earnings

Earnings Misses

News

ARMOUR Residential REIT Q1 Adj $0.82 Misses $0.97 Estimate, Sales $5.30M Miss $65.82M Estimate

Offerings

MTEM

Molecular Templates Inc Files For Shelf Of Up To 11.01M Shares Of Common Stock By Selling Stockholders

Guidance

Rogers Sees Q2 Adj. EPS $0.50-$0.70, Net Sales $210M-$220M

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Cryptocurrency

Markets

MARA

Marathon Digital Holdings Increases 2024 Hash Rate Target To 50 Exahash

South Plains Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPFI#NASDAQ">SPFI</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.57 by 12.28 percent. This is a 20.75 percent increase over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $46.777 million which beat the analyst consensus estimate of $45.472 million by 2.87 percent. This is a 3.94 percent increase over sales of $45.006 million the same period last year.

Earnings Beats

SPFI

South Plains Financial Q1 2024 GAAP EPS $0.64 Beats $0.57 Estimate, Sales $46.777M Beat $45.472M Estimate

World Kinect (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WKC#NYSE">WKC</a>) reported quarterly earnings of $0.47 per share which missed the analyst consensus estimate of $0.49 by 4.08 percent. This is a 30.56 percent increase over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $10.951 billion which missed the analyst consensus estimate of $11.753 billion by 6.83 percent. This is a 12.27 percent decrease over sales of $12.482 billion the same period last year.

World Kinect Q1 2024 Adj EPS $0.47 Misses $0.49 Estimate, Sales $10.951B Miss $11.753B Estimate

CUBE

CubeSmart Sees 2024 Adj. FFO $2.59-$2.69

FTAI Aviation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) reported quarterly earnings of $0.31 per share which missed the analyst consensus estimate of $0.33 by 6.06 percent. This is a 40.91 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $326.694 million which beat the analyst consensus estimate of $301.520 million by 8.35 percent. This is a 11.61 percent increase over sales of $292.718 million the same period last year.

FTAI

FTAI Aviation Q1 2024 GAAP EPS $0.31 Misses $0.33 Estimate, Sales $326.694M Beat $301.520M Estimate

WIIM

SPSC

SPS Commerce shares are trading higher after the company reported better-than-expected Q1 financial results.

Vesta Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTMX#NYSE">VTMX</a>) reported quarterly earnings of $0.05 per share. This is a 4.55 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $60.600 million which beat the analyst consensus estimate of $58.743 million by 3.16 percent. This is a 21.44 percent increase over sales of $49.900 million the same period last year.

VTMX

Vesta Real Estate Q1 2024 FFO $0.05 Up From $0.04 YoY, Sales $60.600M Beat $58.743M Estimate

COLM

Columbia Sportswear shares are trading higher after the company reported better-than-expected Q1 financial results and issued FY24 EPS guidance.

Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) reported quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $0.97 by 29.9 percent. This is a 15.44 percent decrease over earnings of $1.49 per share from the same period last year. The company reported quarterly sales of $128.090 million which missed the analyst consensus estimate of $128.647 million by 0.43 percent. This is a 25.68 percent decrease over sales of $172.344 million the same period last year.

BELFB

Bel Fuse Q1 2024 Adj EPS $1.26 Beats $0.97 Estimate, Sales $128.090M Miss $128.647M Estimate

Boyd Gaming shares are trading lower after the company reported worse-than-expected Q1 adjusted EPS results.

Midland States Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSBI#NASDAQ">MSBI</a>) reported quarterly earnings of $0.53 per share which missed the analyst consensus estimate of $0.73 by 27.4 percent. This is a 39.77 percent decrease over earnings of $0.88 per share from the same period last year. The company reported quarterly sales of $77.107 million which beat the analyst consensus estimate of $74.930 million by 2.91 percent. This is a 1.08 percent increase over sales of $76.283 million the same period last year.

MSBI

Midland States Bancorp Q1 2024 Adj EPS $0.53 Misses $0.73 Estimate, Sales $77.107M Beat $74.930M Estimate

Boston Beer shares are trading higher after the company reported better-than-expected Q1 financial results and issued FY24 GAAP EPS guidance.

Atlassian Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) shares fell in Thursday&#8217;s after-hours session following the company&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38443498/atlassian-announces-third-quarter-fiscal-year-2024-results-and-ceo-transition" rel="noreferrer noopener">fiscal third-quarter results</a>.
<ul>
<li>Q3 Revenue:&nbsp;$1.19 billion, versus&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">estimates&nbsp;</a>of $1.10 billion</li>
<li>Q3 EPS:&nbsp;89 cents, versus estimates of 62 cents</li>
</ul>
Total revenues were up 30% year-over-year, driven by subscription revenue growth of&nbsp;41%. Operating income came in at $17.8 million, improved from an operating loss of $161.6 million in the prior year&#8217;s quarter.
Adjusted operating was #316.5 million, up 60.60% year-over-year. The adjusted operating margin was 27% for the third quarter of fiscal year 2024, compared with 22%&nbsp;
Cash flow from operations was $565.4 million, and free cash flow was $554.9 million in the third quarter. Atlassian said&nbsp;it ended the quarter&nbsp;with $2.1 billion in cash, cash equivalents&nbsp;and&nbsp;marketable securities.
&#8220;Today, Atlassian is a cloud-majority company. We have over 300,000 customers using our Cloud products and have seen a 3x increase in paid seats in Cloud since we announced end-of-support for Server three and a half years ago,&#8221; said&nbsp;Mike Cannon-Brookes, co-founder and co-CEO of Atlassian.
&#8220;We have a significant opportunity to drive durable, long-term growth as we continue to execute against our cloud roadmap and deliver innovation across our cloud platform. We&#8217;re excited to share more at our flagship customer event next week, Team &#8217;24.&#8221;&nbsp;
The weakness in Atlassian shares appears to be due to the CEO transition that&nbsp;was announced&nbsp;alongside earnings.&nbsp;Atlassian said&nbsp;Scott Farquhar&nbsp;has decided to step down from his&nbsp;role as&nbsp;co-CEO,&nbsp;effective Aug. 31. Cannon-Brookes will continue to lead Atlassian as CEO.
Outlook:&nbsp;Atlassian expects fourth-quarter revenue between $1.12 billion and $1.135 billion. Cloud revenue growth is expected to be approximately 32% year over year, and data center revenue growth is expected to be 40% to 42%.
Management will hold a conference call to discuss these results at 5 p.m. ET.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38444199/microsoft-q3-earnings-revenue-beat-eps-beat-new-era-of-ai-transformation-and-more" rel="noreferrer noopener">Microsoft Q3 Earnings: Revenue Beat, EPS Beat, &#8216;New Era Of AI Transformation&#8217; And More</a>
TEAM Price Action:&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/TEAM" rel="noreferrer noopener">Atlassian shares</a>&nbsp;were down 8.79% at $180.97 at the time of writing, per&nbsp;<a target="_blank" href="http://pro.benzinga.com" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: courtesy of Atalassian.

After-Hours Center

Movers

Tech

TEAM

Atlassian Q3 Earnings: Revenue Beat, EPS Beat, CEO Transition And More

TikTok Lite recently hit pause on its reward system in the EU due to <a href="https://www.benzinga.com/markets/equities/24/03/37922168/new-florida-law-to-ban-social-media-for-kids-under-14-require-id-checks-on-all-ages-whats-at-sta">concerns raised by regulators. </a>
<a href="https://www.theverge.com/2024/4/24/24139341/tiktok-lite-reward-program-suspended-european-commission">According</a> to The Verge, the feature — which allowed users in France and Spain to earn small amounts daily for interacting with videos — came under scrutiny for its potential to encourage addiction, especially among younger users.
See Also: <a href="https://www.benzinga.com/markets/asia/24/04/38418913/tiktok-fights-back-we-arent-going-anywhere-whats-next-for-users">TikTok Fights Back, &#8216;We Aren&#8217;t Going Anywhere&#8217;: What&#8217;s Next For Users?</a>
TikTok Lite was introduced as a simpler version of the main app, designed for regions with slower internet connections. 
Its reward system, similar to schemes in parts of Asia, allowed users to earn &#8220;coins&#8221; by doing activities like watching ads and liking videos, which they could then exchange for things like Amazon vouchers or PayPal gift cards. 
However, the payouts were pretty low; you&#8217;d only make about 38 cents for an hour of engagement.
The European Commission, acting under the Digital Services Act, flagged worries about the feature&#8217;s potential addictive impact, particularly on kids. 
&#8220;Unless TikTok provides compelling proof of safety —which it failed to do until now—we stand ready to trigger [DSA] interim measures including the suspension of the TikTokLite &#8216;reward program&#8217;,&#8221; European Commissioner Thierry Breton tweeted. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8;We suspect <a href="https://twitter.com/hashtag/TikTokLite?src=hash&amp;ref_src=twsrc%5Etfw">#TikTokLite</a> feature to be toxic &amp; addictive, in particular for children. Unless TikTok provides compelling proof of safety —which it failed to do until now—we stand ready to trigger <a href="https://twitter.com/hashtag/DSA?src=hash&amp;ref_src=twsrc%5Etfw">#DSA</a> interim measures including the <a href="https://twitter.com/hashtag/suspension?src=hash&amp;ref_src=twsrc%5Etfw">#suspension</a> of the TikTokLite &quot;reward programme&quot; <a href="https://t.co/71neLMrkYy">pic.twitter.com/71neLMrkYy</a>
&mdash; Thierry Breton (@ThierryBreton) <a href="https://twitter.com/ThierryBreton/status/1782414979968139392?ref_src=twsrc%5Etfw">April 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Despite TikTok&#8217;s claim that the feature wasn&#8217;t accessible to users under 18, the commission doubted the platform&#8217;s ability to verify users&#8217; ages effectively. 
Read Next: <a href="https://www.benzinga.com/news/24/04/38372058/analyst-predicts-tiktok-shutdown-in-us-by-next-year-ahead-of-senate-vote-will-not-operate-here">Analyst Predicts TikTok Shutdown In US By Next Year Ahead Of Senate Vote: &#8216;Will Not Operate Here&#8230;&#8217;</a>
Image credits: Shutterstock.

Government

Regulations

Social Media

Eurozone

TikTok Will Stop Paying People For Using The App After EU Raised Addiction Concerns

Skechers USA shares ares trading higher after the company reported better-than-expected Q1 financial results.

JOANN Inc. ("JOANN" or the "Company"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company's Prepackaged Joint Plan of Reorganization. JOANN expects to successfully complete its financial restructuring and emerge from the court-supervised process in the coming days. &nbsp;
As reiterated throughout this expedited process, the Company's more than 800 store locations remain open and JOANN.com continues to offer supplies for any creative need, and the Company was able to preserve the jobs of its more than 18,000 Team Members in connection with this process.
Chris DiTullio, Chief Customer Officer and co-lead of the Interim Office of the CEO, said, "We are pleased to have reached this significant milestone less than 40 days after initiating our court-supervised process. We could not have reached this point without the unwavering dedication of our Team Members, the continued support of our industry partners and landlords, and the tremendous loyalty and enthusiasm of our customers. JOANN will move forward with a strengthened financial foundation, allowing us to invest in customer experience enhancements, our best-in-class product assortments, and our more than 18,000 Team Members nationwide."
Scott Sekella, JOANN's Chief Financial Officer and co-lead of the Interim Office of the CEO, added, "We are grateful to our financial and industry stakeholders, whose support enabled us to continue operating smoothly and move through this process on an expedited basis. Their investment not only provides us with additional financial resources, but also reflects their confidence in our Team Members and in our business to seize on the opportunities ahead. With a strengthened balance sheet and improved liquidity, we are better positioned to work collaboratively with our vendors, business partners and landlords, and ultimately to inspire the creativity in our customers that helps them find their happy place."
In connection with emergence, JOANN will be a private company owned by certain of the Company's financial stakeholders and industry parties.
Additional information regarding JOANN's financial restructuring is available at JOANNforward.com. Court filings and information regarding the claims process are available at <a href="https://cases.ra.kroll.com/Joann">https://cases.ra.kroll.com/Joann</a>, by calling the Company's claims agent, Kroll, at 844-488-7837 (toll-free in the U.S.) or 646-777-2384 (for international calls), or by sending an email to <a href="mailto:joanninfo@ra.kroll.com">joanninfo@ra.kroll.com</a>. Additional information can also be found in a Current Report on Form 8-K that the Company will file with the Securities and Exchange Commission at <a href="http://www.sec.gov/">www.sec.gov</a>.

JOANQ

JOANN Receives Court Approval For Prepackaged Financial Recapitalization Plan; Expects To Successfully Complete Its Financial Restructuring And Emerge From The Court-Supervised Process In The Coming Days

First Financial Bancor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFBC#NASDAQ">FFBC</a>) reported quarterly earnings of $0.59 per share which met the analyst consensus estimate. This is a 22.37 percent decrease over earnings of $0.76 per share from the same period last year. The company reported quarterly sales of $195.25 million which missed the analyst consensus estimate of $201.10 million by 2.91 percent. This is a 4.47 percent decrease over sales of $204.38 million the same period last year.