TELA Bio Stock (NASDAQ:TELA), Trade Ideas

TELA Bio

TELA Bio Inc is a United States-based medical technology company. The company is involved in developing and marketing of tissue reinforcement materials to address unmet needs in soft tissue reconstruction. Its reinforced tissue matrices called OviTex improve the clinical outcomes and reduce costs of care in hernia repair, abdominal wall reconstruction and plastic and reconstructive surgery. The company's second portfolio of products, the OviTex PRS Reinforced Tissue Matrix, addresses unmet needs in plastic and reconstructive surgery.

Movers

Trading Ideas

TELA

TELA Bio (NASDAQ: TELA) shares are trading lower after the company priced a 4.75 million share offering at $9.50 per share.

Why TELA Bio Stock Is Dropping Today

Photo by Kathy Hutchins on Shutterstock

News

Media

Tesla Inc. (NASDAQ: TELA) CEO Elon Musk  is an entrepreneur who has his fingers in many pies, and undoubtedly time is money for him.

Elon Musk A Frequent Flier In 2022 With Flights Lasting As Little As 13 Minutes, Says Report: His Love For Jet-Setting At Odds With Tesla&#39;s Climate Stance?

Penny Stocks

Price Target

Small Cap

Pre-Market Outlook

Markets

Analyst Ratings

COIN

DTIL

RGTI

TAST


	Citigroup cut the price target on  Coinbase Global, Inc.  (NASDAQ: COIN) from $105 to $80. Citigroup analyst Peter Christiansen maintained a Buy rating on the stock. Coinbase shares rose 2.1% to $46.95 in pre-market trading.


Coinbase To $80? Plus Deutsche Bank Cuts PT On This Stock By 80%

TELA Bio Inc

Teladoc Health Inc

2024&nbsp;Guidance&nbsp;Reaffirmed
The company&#39;s 2024 full-year&nbsp;guidance&nbsp;is reaffirmed and includes:
<ul>
<li>Net income per diluted common share of&nbsp;$2.68&nbsp;to&nbsp;$2.78; and,</li>
<li>Regulated infrastructure investments of approximately&nbsp;$332 million</li>
</ul>
In addition, we reiterate our non-linear long-term diluted EPS growth of&nbsp;5%&nbsp;to&nbsp;7%, anchored off 2022&#39;s diluted EPS of&nbsp;$2.43.
When considering the company&#39;s 2024&nbsp;guidance&nbsp;relative to actual results in 2023 of&nbsp;$2.68&nbsp;diluted EPS, it is important to note that the company&#39;s adjustment to income tax reserves in 2023 resulted in an increase of&nbsp;$0.14&nbsp;per diluted share.
Our&nbsp;guidance&nbsp;is subject to risks and uncertainties, including, without limitation, those factors outlined in the &quot;Forward Looking Statements&quot; of this release and the &quot;Risk Factors&quot; section of the company&#39;s annual and quarterly reports filed with the Securities and Exchange Commission.

Earnings

Guidance

SJW Group Reaffirmed 2024 Guidance: Sees EPS Of $2.68 To $2.78 Vs. $3.00 Consensus

ALCC

Reported Earlier, AltC Acquisition Corp. Schedules Special Meeting For Oklo Business Combination Approval

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/XOM/earnings">opening bell on April 26, 2024</a>.
Analysts expect the Spring, Texas-based company to report quarterly earnings at $2.20 per share, down from $2.83 per share in the year-ago period. Exxon Mobil is projected to report quarterly revenue of $78.35 billion, up from $86.56 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 2, Exxon Mobil said fourth-quarter FY23 result adjusted net profit came in at $9.96 billion, or $2.48 per share, down from $14.04 billion, or $3.40 per share, a year earlier, beating the consensus of $2.21 per share.
Exxon Mobil shares rose 0.2% to close at $121.33 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/XOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Piper Sandler analyst Ryan Todd maintained an Overweight rating and raised the price target from $130 to $145 on April 18, 2024. This analyst has an accuracy rate of 78%.</li>
<li>UBS analyst Josh Silverstein maintained a Buy rating and boosted the price target from $133 to $150 on April 11, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Wells Fargo analyst Roger Read maintained an Overweight rating and boosted the price target from $126 to $138 on April 4, 2024. This analyst has an accuracy rate of 74%.</li>
<li>TD Cowen analyst Jason Gabelman maintained a Buy rating and raised the price target from $115 to $120 on April 1, 2024. This analyst has an accuracy rate of 74%.</li>
<li>Redburn Atlantic analyst Peter Low upgraded the stock from Neutral to Buy and increased the price target from $116 to $119 on Jan. 9, 2024. This analyst has an accuracy rate of 75%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38430580/glucotrack-and-2-other-stocks-under-1-insiders-are-buying">GlucoTrack And 2 Other Stocks Under $1 Insiders Are Buying</a>

Exxon Mobil Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Reported Earlier, AZZ Prices Public Offering Of 4M Common Stock At $70/Share For Gross Proceeds Of $280M

NorthWestern (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWE#NASDAQ">NWE</a>) reported quarterly earnings of $1.09 per share which missed the analyst consensus estimate of $1.13 by 3.54 percent. This is a 3.81 percent increase over earnings of $1.05 per share from the same period last year. The company reported quarterly sales of $475.300 million which beat the analyst consensus estimate of $471.601 million by 0.78 percent. This is a 4.58 percent increase over sales of $454.500 million the same period last year.

Earnings Beats

Earnings Misses

NorthWestern Q1 2024 Adj EPS $1.09 Misses $1.13 Estimate, Sales $475.300M Beat $471.601M Estimate

Vincerx Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) today announced the pricing of an underwritten public offering of (i) 6,000,000 shares of its common stock and accompanying common stock warrants to purchase an aggregate of 6,000,000 shares of common stock, and (ii) to certain investors, pre-funded warrants to purchase up to an aggregate of 16,000,000 shares of common stock and accompanying common stock warrants to purchase up to an aggregate of 16,000,000 shares of common stock. Each share of common stock and accompanying common stock warrant are being sold together at a combined public offering price of&nbsp;$0.75, and each pre-funded warrant and accompanying common stock warrant are being sold together at a combined public offering price of&nbsp;$0.7499.

VINC

Vincerx Pharma Sets Pricing For New Public Offering Of Shares And Warrants

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.39 by 7.69 percent. This is a 2.7 percent decrease over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $149.382 million which beat the analyst consensus estimate of $140.500 million by 6.32 percent. This is a 8.80 percent increase over sales of $137.296 million the same period last year.

SJW Gr Q1 2024 GAAP EPS $0.36 Misses $0.39 Estimate, Sales $149.382M Beat $140.500M Estimate

Crypto trader Kevin has suggested that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could be on the brink of outperforming the S&amp;P 500.
What Happened: On Thursday, Kevin, a well-known crypto trader, took to social media platform X to share an intriguing insight. He pointed out that the chart for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) versus the S&amp;P 500 is showing signs of consolidation just below all-time highs. This, he suggested, could indicate a potential outperformance of Bitcoin against the stock market.
&#8220;#BTC vs #SPX (S&amp;P500) on the inverted chart looks very interesting here consolidation right below all time highs. We might be on the verge of a #BTC outperformance against the #StockMarket,&#8221; Kevin wrote.<a href="https://twitter.com/Kev_Capital_TA/status/1783543419253543287/photo/1"></a>
Kevin&#8217;s post was accompanied by a chart that illustrated the BTC/SPX relationship, suggesting that a significant shift might be imminent. The crypto trader is formerly known as OG_Yomi on X. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> vs <a href="https://twitter.com/hashtag/SPX?src=hash&amp;ref_src=twsrc%5Etfw">#SPX</a> (S&amp;P500) on the inverted chart looks very interesting here consolidation right below all time highs. We might be on the verge of a <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> outperformance against the <a href="https://twitter.com/hashtag/StockMarket?src=hash&amp;ref_src=twsrc%5Etfw">#StockMarket</a>. <a href="https://t.co/n6lxfiIFAi">pic.twitter.com/n6lxfiIFAi</a>
&mdash; Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1783543419253543287?ref_src=twsrc%5Etfw">April 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38377888/holding-6-ethereum-eth-could-make-you-a-millionaire-according-to-cathie-wood?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Holding 6 Ethereum (ETH) Could Make You A Millionaire, According to Cathie Wood</a>
Why It Matters: The recent market movements have been a topic of concern for many investors. Just a day before Kevin&#8217;s post, Bitcoin witnessed a significant technical indicator, prompting a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38450026/bitcoin-sell-signal-on-12-hour-chart-sparks-concerns-analyst-warns-exercise-caution-given-">sell-off signal</a> on its 12-hour chart. This development raised concerns among traders and investors.
Despite these challenges, some traders are optimistic about Bitcoin&#8217;s future. Pseudonymous cryptocurrency trader Tim argues that Bitcoin&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38442912/bitcoins-consolidation-phase-best-met-with-zoom-out-perspective-patience-approach-says-tra">current consolidation phase is &#8220;healthy&#8221;</a> and anticipates the next leg up.
Bitcoin has been facing a series of challenges, including falling below the key $64,000 level following <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38431809/bitcoin-falls-below-64-000-following-gdp-jobless-claims-data-nervos-network-becomes-top-lo">GDP and jobless claims data</a>. Despite these challenges, the cryptocurrency has shown resilience and is currently consolidating just below its all-time high.
Renowned economist and cryptocurrency skeptic, Peter Schiff, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38421343/peter-schiff-warns-bitcoin-hodlers-its-a-long-way-down-if-king-crypto-cant-hold-60k">warned Bitcoin holders</a> of a potential drop if the coin fails to hold the $60,000 support level.
Price Action: Bitcoin is currently trading at $64,251, reflecting a marginal decline of 0.36% over the past 24 hours. However, the cryptocurrency has surged by an impressive 45.46% year-to-date, based on data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38395178/dogecoin-could-outperform-bitcoin-thanks-to-consolidation-in-the-golden-pocket-says-trader?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Could Outperform Bitcoin Thanks To Consolidation In The Golden Pocket, Says Trader: &#8216;This Is A Very Good Sign&#8217;</a>
Image Via Pixabay
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Global

$BTC

Bitcoin Could Outperform S&P 500, Says Crypto Analyst: 'The Inverted Chart Looks Very Interesting'

U.S. Treasury Secretary, Janet Yellen, expressed confidence in the U.S. economy, predicting inflation to return to normal levels by 2024. She also discussed potential strategies to counter threats from China&#8217;s excess industrial capacity.
What Happened: In an interview on Thursday, Yellen stated that the U.S. economic growth might be stronger than the weaker-than-expected data on first-quarter output suggests, Reuters reported. She also mentioned that the Biden administration is keeping all options open to respond to threats from China&#8217;s excess industrial capacity.
Yellen downplayed the recent surge in inflation, stating that it does not indicate a need for unemployment to increase or other areas of the economy to cool down. 
&#8220;The U.S. economy continues to perform very, very well,&#8221; she said.
&#8220;The fundamentals here are in line with inflation continuing back down to normal levels.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38399089/nasdaq-futures-get-a-lift-from-tesla-texas-instruments-earnings-analyst-points-to-key-catalyst-for-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P 500 To Open Higher After Tesla, TI Earnings: What&#8217;s Driving Stock Futures?</a>
On the topic of China&#8217;s overcapacity, Yellen stated that no option was &#8220;off the table&#8221; for dealing with this threat to the U.S. economy. She emphasized that it is crucial for China to recognize the concern and begin to act to address it.
Why It Matters: The U.S. economy&#8217;s performance and inflation rates have significant implications on consumer spending, investment spending, and overall economic health.
The U.S. economy <a href="https://www.benzinga.com/economics/macro-economic-events/24/04/38429782/us-economy-grows-1-6-in-q1-slightly-below-expectations-as-price-pressures-weigh-o">grew at a slower pace</a> than expected in the first quarter of the year, with an annualized growth rate of 1.6%. This slowdown was accompanied by <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">an increase in price pressures,</a> indicating a potential stagflation scenario.
Yellen&#8217;s concerns about China&#8217;s industrial overcapacity are not new. She earlier <a href="https://www.benzinga.com/news/24/04/38146989/treasury-secretary-janet-yellen-sees-flood-of-chinese-exports-wiping-out-us-green-energy-industry">expressed worry about Chinese industrial policies </a>leading to a flood of cheap clean-energy product exports, potentially wiping out important US industries.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381361/us-private-sector-growth-unexpectedly-slows-in-april-marks-lowest-increase-in-4-mon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: &#8216;Drivers Of Inflation Have Changed&#8217;</a>
Photo by Dustin Blitchok
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Macro Economic Events

Economics

General

Janet Yellen Sees Inflation Normalizing This Year But Doesn't Take Eye Off China's Industrial 'Overcapacity'

The Federal Trade Commission or FTC has accused top executives at&nbsp;Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) including founder Jeff Bezos and CEO Andy Jassy of deleting text messages that could have been used as evidence in the <a href="https://www.benzinga.com/government/23/07/33430801/ftc-v-amazon-all-you-need-to-know-about-the-upcoming-high-profile-antitrust-lawsuit">ongoing antitrust investigation</a>.
What Happened: In a court filing on Thursday, FTC alleged that Bezos and Jassy used the encrypted messaging platform Signal to communicate between&nbsp;April 2019 and May 2022. The messages were set to disappear, effectively erasing potential evidence for the FTC&#8217;s antitrust case against Amazon, the agency said, <a href="https://www.bloomberg.com/news/articles/2024-04-26/amazon-s-bezos-jassy-deleted-chats-despite-ftc-antitrust-probe?srnd=technology-vp">reported</a>&nbsp;Bloomberg. 
Other executives who communicated via&nbsp;Signal include&nbsp;David Zapolsky, Amazon&#8217;s top lawyer;&nbsp;Jeff Wilke, Amazon&#8217;s&nbsp;retail czar until 2021; and&nbsp;Dave Clark, a&nbsp;logistics executive who left in&nbsp;2022 after Bezos handed the&nbsp;reins to Jassy.
See Also:&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/04/38397316/elon-musk-says-morgan-freeman-is-awesome-after-american-actor-says-hes-a-huge-fan-of-tesla-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Morgan Freeman Is &#8216;Awesome&#8217; After American Actor Says He&#8217;s A Huge Fan Of Tesla CEO: &#8216;What He&#8217;s Done, Nobody Else Has Ever Done&#8217;</a>
The FTC&#8217;s court filing builds on allegations&nbsp;made in its antitrust complaint&nbsp;against Amazon last fall. The filing seeks information about Amazon&#8217;s instructions to employees regarding the use of Signal and the retention of messages.
Amazon&#8217;s spokesman&nbsp;Tim Doyle&nbsp;refuted the FTC&#8217;s claims, stating that the company had voluntarily disclosed its limited use of Signal to the FTC years ago and had&nbsp;thoroughly collected Signal conversations from&nbsp;employees&#8217; phones.
&#8220;The FTC's contentions are baseless,&#8221; Doyle said, adding, &#8220;Amazon voluntarily disclosed employees' limited Signal use to the FTC years ago, thoroughly collected Signal conversations from its employees' phones, and allowed agency staff to inspect those conversations even when they had nothing to do with the FTC's investigation.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Executives turned to the encrypted messaging platform following Bezos&#8217; revelation in 2019 that his phone had been compromised, and he accused the National Enquirer of attempting to expose his private photos and messages. 
The court filing requests details on how Amazon executives instructed staff regarding the use of Signal for communication and guidelines for message retention. The FTC&#8217;s inquiry into Amazon, initiated in 2019, mandated the company to preserve and provide documents. 
However, the agency stated that executives impeded the FTC&#8217;s investigation into Amazon&#8217;s business practices and potential antitrust breaches by using Signal&#8217;s feature for vanishing messages.
Last year, in November last year, the FTC accused Amazon of <a href="https://www.benzinga.com/news/23/11/35606062/amazon-accused-of-raking-in-1-billion-through-deceptive-practices-according-to-ftc-suit">engaging in deceptive practices</a> that increased consumer prices by over a billion dollars. This was followed by the FTC&#8217;s revelation of a <a href="https://www.benzinga.com/news/23/10/35068969/ftc-exposes-amazons-hidden-algorithm-amid-antitrust-concerns">secret algorithm</a> used by Amazon to manipulate prices, which was included in the FTC&#8217;s monopoly lawsuit against the e-commerce giant.
Photo courtesy: Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38349837/elon-musk-agrees-every-american-household-will-have-a-1-000-per-month-home-robot-in-7-years-time?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees Every American Household Will Have A $1,000-Per-Month Home Robot In 7 Years&#8217; Time</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Legal

Tech

AMZN

Jeff Bezos And Amazon CEO Andy Jassy Accused Of Deleting Chats Amid Antitrust Probe: 'The FTC's Contentions Are Baseless'

Sawyer Merritt, a prominent Tesla investor, recently emphasized the electric vehicle giant&#8217;s unparalleled data collection prowess, citing the staggering mileage covered by Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) owners.
What Happened: During CNBC&#8217;s &#8220;Last Call&#8221; on Thursday, Merritt highlighted that Tesla owners are now driving approximately 1 billion miles every 68 days using Full-Self Driving (FSD). This, he said, was roughly 250% increase than what the number was three months ago.
He posed a rhetorical question, &#8220;How can any automaker catch up to Tesla in terms of data gathering?&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"Tesla owners are now driving roughly 1 billion miles every 68 days," says Tesla investor <a href="https://twitter.com/SawyerMerritt?ref_src=twsrc%5Etfw">@SawyerMerritt</a> on whether or not <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> has reached its bottom. "How can any automaker catch up to Tesla in terms of data gathering?" <a href="https://t.co/PtOvSDIHLt">pic.twitter.com/PtOvSDIHLt</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1783648512640471132?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/education/24/04/38388530/heres-how-much-warren-buffett-could-have-made-investing-in-tesla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much Warren Buffett Could Have Made Investing In Tesla</a>
Why It Matters: Merritt&#8217;s comments come in the wake of <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">Tesla reporting a 9% year-on-year decrease</a> in Q1 revenue, which fell short of Wall Street&#8217;s estimates. Despite this, the company&#8217;s stock experienced a significant <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38415577/tesla-posts-strongest-session-since-january-2022-is-a-trend-reversal-underway">12% increase on Wednesday,</a> marking its strongest session since January 2022. This surge occurred despite the earnings miss, with investors seemingly encouraged by Tesla&#8217;s commitment to launching more affordable models and expanding its market reach.
Adding to the positive sentiment, Tesla received an <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38441703/billionaire-ron-baron-calls-the-bottom-in-tesla-stock-says-shares-will-go-up-huge-from-h">important endorsement from Bank of America</a>, which upgraded its rating on the stock from Neutral to Buy. Analyst John Murphy highlighted Tesla&#8217;s ability to address recent challenges effectively. Furthermore, billionaire investor Ron Baron believes Tesla&#8217;s stock has fallen far enough and is now set to rise significantly from current levels.
Price Action: As of Thursday, Tesla&#8217;s stock closed at $170.18, marking a 4.97% change from the previous close. 
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38399275/no-choice-elon-musk-reacts-as-x-user-reveals-main-reason-why-the-billionaire-is-re-organizing-te?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;No Choice:&#8217; Elon Musk Reacts As X User Reveals &#8216;Main Reason&#8217; Why The Billionaire Is &#8216;Re-Organizing&#8217; Tesla</a>
Image via Shutterstock
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Analyst Color

Equities

TSLA

Tesla Investor Touts EV Giant's Billions-Mile Leap In Gathering Self-Driving Data: 'How Can Any Automaker Catch Up?'

The recent announcement of a dividend by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) during its <a href="https://www.benzinga.com/news/earnings/24/04/38445001/alphabet-q1-earnings-revenue-beat-eps-beat-70b-buyback-first-ever-dividend-ai-leadership-and-more">first-quarter earnings</a> has brought renewed attention to a warning from Peter Thiel, co-founder of PayPal Holdings Inc, about the future of the tech giant.
What Happened: Thiel, a prominent figure in the tech industry, had expressed concerns about the future of Google, now a subsidiary of Alphabet, back in 2012. He suggested that the company&#8217;s lack of technological innovation could lead to significant issues.
Thiel, speaking at an Aspen, Colorado event sponsored by Fortune magazine, said, &#8220;…Google is no longer a technology company, it&#8217;s basically a search engine. The search technology was developed a decade ago. It&#8217;s a bet that there will be no one else who will come up with a better search technology.&#8221;
&#8220;So, you invest in Google, because you&#8217;re betting against technological innovation in search. And it&#8217;s like a bank that generates enormous cash flows every year, but you can&#8217;t issue a dividend, because the day you take that $30 billion and send it back to people you&#8217;re admitting that you&#8217;re no longer a technology company,&#8221; Thiel added.
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Notably, Thiel conveyed to former Google CEO Eric Schmidt that the company lacked direction in its investment decisions.
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Spee</a>
Why It Matters: Despite Thiel&#8217;s concerns, Alphabet has been showing strong financial performance. During the <a href="https://www.benzinga.com/news/earnings/24/04/38445001/alphabet-q1-earnings-revenue-beat-eps-beat-70b-buyback-first-ever-dividend-ai-leadership-and-more">first quarter of 2024</a>, the company reported a 15% year-over-year increase in revenue, totaling $80.539 billion, and a quarterly earnings of $1.89 per share, beating analyst estimates. This marked the fifth consecutive quarter in which Alphabet surpassed analyst expectations on both the top and bottom lines.
Alphabet&#8217;s CEO, Sundar Pichai, has projected a combined revenue of $100 billion from the company&#8217;s YouTube and Cloud businesses by 2024, indicating a 25% growth rate for each of the next three quarters. Pichai&#8217;s forecast suggests that Alphabet is entering a new growth phase, <a href="https://www.benzinga.com/news/earnings/24/04/38450406/gene-munster-applauds-sundar-pichais-100b-revenue-projection-for-google-parent-alphabet-a-sign-of-e">as noted by</a> Gene Munster of Deepwater Asset Management.
Furthermore, Pichai has expressed confidence in Alphabet&#8217;s ability to manage the costs associated with the new search experience, including generative answers. 
This confidence is supported by the company&#8217;s strong financial performance and its commitment to AI, as evidenced by <a href="https://www.benzinga.com/news/earnings/24/04/38450926/alphabet-cfo-underscores-googles-12b-capex-surge-reflects-our-confidence-in-the-opportunities-offer">a $12 billion capital expenditure</a> announced during the first-quarter earnings call.
Price Action: Alphabet&#8217;s Class A stock rose 11.56% to $174.04, while Class C stock rose 11.43% in after-hours trading to $176.23, according to data from&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;at the time of writing
Read Next: <a href="https://www.benzinga.com/news/24/04/38424795/amazon-pauses-green-card-sponsorship-for-foreign-workers-in-2024-amid-layoffs-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Pauses Green Card Sponsorship For Foreign Workers In 2024 Amid Layoffs: Report</a>
Image Via Shutterstock
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Google Parent Alphabet's Debut Dividend Sparks Reflection On PayPal Co-Founder Peter Thiel's 2012 Warning: 'You're Admitting That You're No Longer A Technology Company'

Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO&nbsp;Satya Nadella&nbsp;on Thursday announced the company&#8217;s record-breaking <a href="https://www.benzinga.com/general/gaming/24/04/38049341/microsoft-reportedly-working-on-bringing-ai-chatbot-to-xbox-to-enhance-gaming-experience">gaming performance</a> and its expansion to&nbsp;Nintendo Co., Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) Switch and&nbsp;Sony Group Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation.
What Happened: On Thursday, <a href="https://www.benzinga.com/news/earnings/24/04/38444199/microsoft-q3-earnings-revenue-beat-eps-beat-new-era-of-ai-transformation-and-more">during the third-quarter earnings call</a>, Nadella revealed that Microsoft had set new&nbsp;records for game streaming hours,&nbsp;console usage, and monthly active&nbsp;devices. 
The CEO also highlighted the successful addition of&nbsp;Diablo 4, the first&nbsp;Activision Blizzard, title to the&nbsp;Game Pass service. &#8220;Subscribers played over 10 million hours within the first 10 days, making it one of our biggest first-party Game Pass launches ever,&#8221; he said. 
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/04/38345502/elon-musk-reacts-after-nvidia-stock-plunges-10-and-erases-212b-market-cap-rookie-numbers?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Nvidia Stock Plunges 10% And Erases $212B Market Cap: &#8216;Rookie Numbers&#8217;</a>
He then went on to speak about the ongoing success of&nbsp;Call of Duty: Modern Warfare&nbsp;3, saying, the game has been attracting new gamers and retaining&nbsp;franchise loyalists.
Nadella also informed that Microsoft is expanding its&nbsp;games to new platforms. &#8220;Finally, we are expanding our games to new platforms, bringing four of our fan-favorite titles to Nintendo Switch and Sony PlayStation for the first time. In fact, earlier this month, we had seven games among the top 25 on the PlayStation store more than any other publisher,&#8221; he stated. 
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Microsoft&#8217;s gaming division has been a significant driver of its overall growth. The company&#8217;s third-quarter revenue increased 17% year-over-year to $61.9 billion, beating the consensus estimate of $60.804 billion. Microsoft has now beaten analyst estimates on both the top and bottom lines in five consecutive quarters, according to&nbsp;<a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. 
The company also exceeded analyst expectations by posting quarterly earnings of $2.94 per share, compared to the forecasted $2.82 per share.
This success comes on the heels of Microsoft&#8217;s acquisition of Activision Blizzard. Nadella had previously expressed enthusiasm for the acquisition, emphasizing the <a href="https://www.benzinga.com/general/gaming/24/01/36682941/microsofts-satya-nadella-activision-gives-us-a-chance-of-being-a-good-publisher-on-sony-nintendo">opportunity to become a &#8220;good publisher&#8221;</a> across various platforms, including rival consoles like Sony and Nintendo. 
Earlier this month, six months after the acquisition,&nbsp;<a href="https://www.benzinga.com/general/gaming/24/04/38342845/can-blizzard-keep-its-autonomy-post-microsoft-acquisition-no-one-asking-us-to-do-anything-says-wor">Blizzard executives revealed</a>&nbsp;that Microsoft had largely allowed Blizzard to maintain its autonomy.
MSFT Price Action: <a href="https://www.benzinga.com/quote/MSFT" target="_blank" rel="noreferrer noopener">Microsoft shares</a> were up 4.31% after hours at $416.25 at the time of publication, according to Benzinga Pro.
Photo by WEF on Flickr
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38351566/mark-zuckerberg-didnt-sell-facebook-for-1b-but-would-he-have-sold-for-5t-this-was-meta-ceos-thought?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Didn&#8217;t Sell Facebook For $1B But Would He Have Sold For $5T? This Was Meta CEO&#8217;s Thought Process</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Gaming

ATVI

MSFT

NTDOY

Sony Group Corporation American Depositary Shares

SONY

Microsoft CEO Satya Nadella Highlights Record-Breaking Gaming Performance, Expansion To Nintendo Switch, Sony PlayStation

In the recent earnings call, Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) announced a significant increase in its capital expenditure, reflecting the company&#8217;s strong <a href="https://www.benzinga.com/news/earnings/24/04/38445001/alphabet-q1-earnings-revenue-beat-eps-beat-70b-buyback-first-ever-dividend-ai-leadership-and-more">financial performance and its commitment to AI</a>.
What Happened: Alphabet&#8217;s CFO Ruth Porat revealed a $12 billion capital expenditure during the company&#8217;s first-quarter earnings call. This substantial investment signifies the company&#8217;s confidence in the potential of AI across its business.
&#8220;Our reported capex in the first quarter was $12 billion, once again driven overwhelmingly by investment in our technical infrastructure with the largest component for servers followed by data centers. The significant year-on-year growth in capex in recent quarters reflects our confidence in the opportunities offered by AI across our business,&#8221; Porat said.
The earnings call also highlighted the company&#8217;s financial results for the first quarter. The consolidated revenues stood at $80.5 billion, marking a 15% increase year-over-year. The growth was primarily driven by the strength in search and cloud services.
Porat also underscored the impact of restructuring charges and employee severance on the total expenses. The company&#8217;s operating income saw a significant rise, reaching $25.5 billion, a 46% increase from the previous year.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38376705/doge-shiba-and-other-memecoins-fueling-mass-adoption-of-bases-l2-network-coinbase-e?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin, Shiba Inu And Other Memecoins Fueling Mass Adoption Of Base&#8217;s L2 Network, Coinbase Exec Says: &#8216;They Are Going To Be One Of The Biggest Drivers&#8217;</a>
Within the Google Services segment, revenues reached $70.4 billion, with Google Search and other advertising revenues contributing $46.2 billion. YouTube advertising revenues also saw a substantial increase, reaching $8.1 billion.
The Google Cloud segment reported revenues of $9.6 billion, marking a 28% increase. The Other Bets segment saw revenues of $495 million, with an operating loss of $1 billion.
Why It Matters: The first-quarter earnings call reflects Alphabet&#8217;s strong financial performance and its strategic focus on AI. The company&#8217;s CEO, Sundar Pichai, had earlier <a href="https://www.benzinga.com/news/earnings/24/04/38450406/gene-munster-applauds-sundar-pichais-100b-revenue-projection-for-google-parent-alphabet-a-sign-of-e">projected a combined revenue</a> of $100 billion from its YouTube and Cloud businesses by 2024, indicating a new growth phase for the company.
Moreover, Pichai has expressed confidence in the company&#8217;s ability to manage the costs associated with the <a href="https://www.benzinga.com/news/24/04/38450393/alphabet-ceo-very-very-confident-that-it-wont-be-costly-to-serve-search-experience-with-generative-a">new search experience</a>, including generative answers. This indicates Alphabet&#8217;s commitment to innovation and its readiness to capitalize on the potential of AI.
Price Action: Alphabet's Class A stock rose 11.56% to $174.04, while Class C stock rose 11.43% in after-hours trading to $176.23, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> at the time of writing
Read Next: <a href="https://www.benzinga.com/news/24/04/38392548/ups-earnings-show-the-weight-of-170-000-salaries-while-it-learns-to-navigate-shipping-slump?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">UPS Earnings Show The Weight Of $170,000 Compensation While It Learns To Navigate Shipping Slump</a>
Image Via Shutterstock
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Large Cap

Alphabet CFO Underscores Google's $12B Capex Surge: 'Reflects Our Confidence In The Opportunities Offered By AI'

Econ #s

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Tokyo Core Consumer Price Index (YoY) For April 1.6% Vs. 2.2% Est.; 2.4% Prior

Reported Earlier, Japan Interest Rate Decision Unchanged At 0.10%

Reported Earlier, Australia Producer Price Index (YoY) 4.3% Vs. 4.1% Prior

Reported Earlier, Australia Producer Price Index (QoQ) 0.9% Vs. 0.9% Prior

Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO&nbsp;Satya Nadella&nbsp;addressed concerns about the demand environment for the company&#8217;s Azure cloud services during the <a href="https://www.benzinga.com/news/earnings/24/04/38444199/microsoft-q3-earnings-revenue-beat-eps-beat-new-era-of-ai-transformation-and-more">third-quarter earnings call</a>.
What Happened: During the call on Thursday, Nadella spoke about the <a href="https://www.benzinga.com/news/23/10/35333934/analysts-are-bullish-on-microsofts-azure-and-ai-growth-ahead-of-q1-earnings-heres-why">strong demand for Azure</a>, particularly in the field of artificial intelligence (AI). He noted that Azure has become a go-to platform for AI projects, which has significantly contributed to acquiring new customers. 
He highlighted three trends Microsoft is observing in Azure from the demand perspective. &#8220;Some of the logos I even referenced in my remarks, our new Azure customers. So, that&#8217;s one. The second thing that we&#8217;re also seeing is AI just doesn&#8217;t sit on its own. So, AI projects obviously start with calls to AI models, but they also use a vector database.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38400945/metas-massive-1b-bet-on-nvidia-h100-gpu-cluster-will-dwarf-every-other-companys-target-but-zuckerber?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta&#8217;s Massive $1B Bet On Nvidia H100 GPU Cluster Will Dwarf Every Other Company&#8217;s Target, But Zuckerberg Reveals Original Goal Was This, Not AI</a>
He then spoke about the growth of adjacent services in Azure. &#8220;Azure Search, which is really used by even ChatGPT is one of the fastest-growing services for us. We have Fabric integration to Azure AI. And so, Cosmos DB integration. So, the data tier, the dev tools is another place where we are seeing great traction,&#8221; he said. 
Nadella also mentioned the increasing migration to Azure and the continuous optimization cycle, which involves customers spending money on new projects, leading to &#8220;continuous&#8221; growth.
Microsoft&#8217;s third-quarter revenue increased by 17% year-over-year to $61.9 billion, beating the consensus estimate of $60.804 billion. The tech giant reported quarterly earnings of $2.94 per share, which also beat analyst estimates,&nbsp;according to the data from&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: In February 2024, it was reported that Microsoft&#8217;s Azure cloud infrastructure was <a href="https://www.benzinga.com/news/24/02/37074492/microsofts-azure-gains-ground-on-amazons-aws">rapidly narrowing the gap</a> with&nbsp;Amazon Web Services&nbsp;(AWS), the leading cloud service provider. 
Analysts estimated that Azure, which has grown from half the size of AWS five years ago to approximately three-quarters of its size today, does not explicitly report revenue
In January this year, analysts predicted that <a href="https://www.benzinga.com/news/24/01/36790599/microsoft-azures-soaring-growth-and-ai-innovations-signal-a-bright-future-for-investors-analysts">Azure&#8217;s growth could accelerate</a> slightly to 29%-30% year-on-year, with a clear revenue path to $95 billion within two years. 
MSFT Price Action: At the time of writing, <a href="https://www.benzinga.com/quote/MSFT" target="_blank" rel="noreferrer noopener">Microsoft shares</a> were up 4.31% in the after-hours session at $416.25 after ending Thursday&#8217;s regular trading lower by 2.45%, according to Benzinga Pro.
Photo Courtesy: Wikimedia Commons
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/04/38348747/not-something-steve-jobs-would-probably-do-gurman-says-apple-should-go-against-the-grain-and-low?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Not Something Steve Jobs Would Probably Do&#8217;: Gurman Says Apple Should Go Against The Grain And Lower iPhone&#8217;s Price Point</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Satya Nadella Says Azure Search, Also Used By ChatGPT, Is 'One Of The Fastest-Growing Services' For Microsoft

Arrived, the real estate investment platform that allows individuals to buy shares in single-family rental properties, has released its financial performance report for the first quarter of 2024. The company reported a strong quarter, with investors earning more than $1.1 million in dividend income, a 16% increase from the previous quarter.
During Q1 2024, 352 individual properties paid out dividends, with single-family residential properties earning an average annualized dividend of 3.8% and vacation rental homes earning an average of 3.4%. The Arrived Single Family Residential Fund, which launched in 2023, earned an average annualized dividend of 4.0%.
Update: Arrived is launching three new properties on its platform, with a minimum investment of $100. <a href="https://www.benzinga.com/go/arrived-yf">The offerings can be previewed here</a>.&nbsp;
&#8220;Despite affordability challenges, we&#8217;re continually impressed by the resilience of the residential real estate market,&#8221; said Cameron Wu, VP of Investments at Arrived, in a statement. &#8220;While sustained higher interest rates and persistent inflation have tempered expectations for rate reductions, home prices remain steady. This underscores the importance of strategic precision and market selectivity.&#8221;
Wu also noted that Arrived is focusing on areas with strong macroeconomic tailwinds, such as population and job growth, and favorable tax schemes, aligning with the company&#8217;s strongest convictions.
In addition to strong dividend performance, Arrived also reported several product updates, including the launch of Cash Balance, which allows investors to receive dividends directly to their Arrived account and reinvest or withdraw funds at any time. The company also revamped its property pages to include a comprehensive property timeline for all single-family residential properties and vacation rentals, and implemented two-factor authentication across all investor accounts.
Share price performance was mixed during the quarter, with single-family residential properties seeing an average share price change of -1.5% from Q4 2023 to Q1 2024, and vacation rental properties experiencing an average share price change of -2.9%. However, the company emphasized that real estate tends to perform best as a long-term investment, allowing investors to navigate through various market cycles and maximize returns.
&#8220;As we enter the peak season for long-term rentals, our leases are strategically structured to mostly expire between March and June, minimizing lease-up times and maximizing new rents,&#8221; added Wu. &#8220;This positions us well to capitalize on seasonal demand for rentals. Additionally, our vacation rental portfolio is experiencing robust growth, boasting nearly 60% occupancy rates across our portfolio, with 11 properties managed internally by Arrived.&#8221;
Arrived closed Q1 2024 with a stabilized occupancy rate of 92% for single-family residential properties and 95% for properties in the Arrived Single Family Residential Fund. The company also reported strong performance in its vacation rental portfolio, with $705,777 in gross booking revenue across all operational vacation rentals in Q1.
While the real estate market faces challenges, Arrived remains optimistic about the opportunities for investors. By focusing on strategic market selection, operational enhancements, and a commitment to transparency, the company aims to continue delivering value to its investors in the coming quarters.
Investors interested in becoming fractional owners of rental properties can <a href="https://www.benzinga.com/go/arrived-yf">view offerings on the Arrived website</a>. 
Image courtesy of Arrived.

Real Estate

Fractional Landlords Earned Over $1.1 Million In Rent Dividends In Q1: Highlights From Arrived's Latest Performance Review

Canaccord Genuity analyst Caitlin Cronin maintained a Buy rating on TELA Bio (TELA – Research Report) yesterday and set a price target of $14.00. C...

Strategic Divestiture and Innovative Product Launch Fuel Buy Rating for TELA Bio

TELA Bio launches Liquifix surgical devices in the U.S.

TELA Bio GAAP EPS of -$0.53 misses by $0.10, revenue of $17M beats by $0.61M

An update from TELA Bio (TELA) is now available. On March 21, 2024, the Company provided an update to its corporate slide deck for investor meeting...

TELA Bio Announces Investor Update and Hernia Mesh Launch

TELA Bio, Inc. (TELA) Q4 2023 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
TELA Bio (NASDAQ:<a href="https://investorplace.com/stock-quotes/tela-stock-quote/">TELA</a>) just reported results for the fourth quarter of 2023.<ul><li>TELA Bio reported earnings per share of -53 cents. This was below the analyst estimate for EPS of -43 cents.</li><li>The company reported revenue of $17.00 million.</li><li>This was 3.71% better than the analyst estimate for revenue of $16.39 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/tela-stock-earnings-tela-bio-for-q4-of-2023/">TELA Stock Earnings: TELA Bio Misses EPS, Beats Revenue for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

TELA Stock Earnings: TELA Bio Misses EPS, Beats Revenue for Q4 2023

There's a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on TELA Bio (TELA – Research Report) and Vor Biopharma ...

Analysts Offer Insights on Healthcare Companies: TELA Bio (TELA) and Vor Biopharma (VOR)

TELA Bio (TELA – Research Report) received a Buy rating and a $12.00 price target from Piper Sandler analyst

Piper Sandler Initiates a Buy Rating on TELA Bio (TELA)

TELA Bio Inc (TELA) reported less than expected earnings this afternoon for Q4 2023. The consensus among analysts for Tela Bio Inc was for an earnings per share (EPS) loss of $0.43 per share. The firm failed to meet those projections, reporting an EPS loss of $0.53 per share, a negative surprise of $0.1 (-23%). Profits fel

Tela Bio Inc Up 9.44% To $5.86 After Earnings Miss

There's a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on TELA Bio (TELA – Research Report), Petmed Express (P...

Analysts Are Bullish on These Healthcare Stocks: TELA Bio (TELA), Petmed Express (PETS)

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Financing

Press Releases

TELA Bio Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

TELA Bio to Announce Fourth Quarter and Full Year 2023 Financial Results

MIMEDX Expands Portfolio with Fibrillar Collagen Wound Dressing

TELA Bio Announces Sale of Distribution Rights for Wound Care Product to MIMEDX

Health Care

TELA Bio Announces U.S. Commercial Launch of LIQUIFIX™ – the Only FDA-Approved Liquid Adhesive for Internal Use in Hernia Surgery

TELA Bio Achieves Record Fourth Quarter and Full Year 2023 Revenues and Reports Complete Financial Results

TELA Bio Welcomes Acclaimed Surgeon as Vice President of Medical Affairs and Surgeon Strategy

TELA Bio Announces U.S. Commercial Launch of Robotic-Compatible OviTex® IHR – Addressing the Need for a More Natural Repair in Inguinal Hernia Procedures