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The Latest Breaking News from Nasdaq

Mid-Morning Market Update: Markets Mixed; US Inflation Rate Slows To 8.3%

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining 2% on Wednesday.

Benzinga

Why Wendy's Shares Are Plunging Today

Wendy's Co (NASDAQ:WEN) reported first-quarter FY22 sales growth of 6.2% year-on-year to $488.6 million, missing the consensus of $497.1 million. Adjusted revenues increased 6.8% to $396.1 million. Global Systemwide sales improved 4.2%, with Systemwide sales in the U.S. rising 2.4% and International improving 19.2%. Global same-restaurant sales growth was 2.4%. The company-operated restaurant…

Benzinga

Why Coinbase Stock Will Bounce Off Its All-Time Low

Coinbase Global, Inc (NASDAQ: COIN) was plummeting over 24% in the premarket on Wednesday after printing abysmal first-quarter earnings.

Benzinga

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Live Ventures Clocks 2% Decline In Q2 Revenue Amid Inflationary Pressures

Live Ventures Inc (NASDAQ:LIVE) reported a second-quarter FY22 revenue decline of 1.7% year-on-year to $69.7 million. Segments: Retail segment revenue declined 13.6% Y/Y to $20.7 million, Flooring Manufacturing revenue decreased 0.6% Y/Y to $32.8 million, and Steel Manufacturing revenue rose 1.7% Y/Y to $14 million. The operating income fell 24.1% Y/Y to $8.4 million.…

Benzinga

Neonode: Q1 Earnings Insights

Neonode (NASDAQ:NEON) reported its Q1 earnings results on Wednesday, May 11, 2022 at 09:35 AM. Here's what investors need to know about the announcement. Earnings Neonode beat estimated earnings by 23.08%, reporting an EPS of $-0.1 versus an estimate of $-0.13.

Benzinga

Expert Ratings for Flywire

Flywire (NASDAQ:FLYW) has observed the following analyst ratings within the last quarter:

Benzinga

What 5 Analyst Ratings Have To Say About Li Auto

Analysts have provided the following ratings for Li Auto (NASDAQ:LI) within the last quarter:

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Why Are Inovio Shares Plummeting Today

Joseph Kim, the longtime CEO of Inovio Pharmaceuticals Inc (NASDAQ:INO), is stepping down to make room for Jacqueline Shea, who first joined Inovio as COO in 2019. Shea will be overseeing a change in direction as Inovio, a laggard in the COVID-19 vaccine race, has closed a Phase 3 trial in favor of a…

Benzinga

Analyzing PayPal Holdings's Short Interest

PayPal Holdings's (NASDAQ:PYPL) short percent of float has risen 3.95% since its last report. The company recently reported that it has 21.39 million shares sold short, which is 1.84% of all regular shares that are available for trading.

Benzinga

The Daily Biotech Pulse: Veru Shares Up On COVID Candidate Update, FDA Approves Lilly's COVID Treatment, Latest On Sanofi-AstraZeneca RSV Vaccine

Here's a roundup of top developments in the biotech space over the last 24 hours:

Benzinga

6 Analysts Have This to Say About Wynn Resorts

Over the past 3 months, 6 analysts have published their opinion on Wynn Resorts (NASDAQ:WYNN) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

Where Bentley Systems Stands With Analysts

Analysts have provided the following ratings for Bentley Systems (NASDAQ:BSY) within the last quarter:

Benzinga

What 4 Analyst Ratings Have To Say About Electronic Arts

Within the last quarter, Electronic Arts (NASDAQ:EA) has observed the following analyst ratings:

Benzinga

Analyst Ratings for Angi

Within the last quarter, Angi (NASDAQ:ANGI) has observed the following analyst ratings:

Benzinga

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Benzinga

How You May Soon Be Able To Buy iPhone With Bitcoin, Dogecoin

Apple, Inc. (NASDAQ: AAPL) could be a long way from selling its products and services in exchange for cryptocurrency payments but a telecom company is working on letting you buy an iPhone with your favorite crypto.

Benzinga

Why Is Dogecoin Crashing Massively Today

Dogecoin (CRYPTO: DOGE) traded 22.3% lower at $0.09 over 24 hours leading up to Wednesday morning.

Benzinga

Chicken Soup For The Soul Acquires Redbox Entertainment

Chicken Soup For The Soul Entertainment Inc (NASDAQ:CSSE) has agreed to acquire entertainment company Redbox Entertainment Inc (NASDAQ:RDBX). The acquisition is expected to create an independent, integrated direct-to-consumer media platform delivering premium entertainment. Redbox stockholders will receive a fixed exchange ratio of 0.087 of a share of Class A common stock of CSSE. "Today marks a…

Benzinga

Appian Wins $2B Against Pegasystems For Embezzling Trade Secrets

A Virginia jury ordered Pegasystems Inc (NASDAQ:PEGA) to pay its software rival Appian Corporation (NASDAQ:APPN) $2.04 billion in damages for misappropriating trade secrets. The jury also found that Pegasystems violated the Virginia Computer Crimes Act. The jury further found Pegasystems' misappropriation of Appian's trade secrets willful and malicious. Appian brought the case to trial to…

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Benzinga

Agrify Reports Record Q1 Revenue Of $26M, Shares Outlook

Agrify Corporation (Nasdaq: AGFY) released financial results for the first quarter ended March 31, 2022.

Benzinga

Chicken Soup for the Soul: Q1 Earnings Insights

Chicken Soup for the Soul (NASDAQ:CSSE) reported its Q1 earnings results on Wednesday, May 11, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Benzinga

Recap: Atreca Q1 Earnings

Atreca (NASDAQ:BCEL) reported its Q1 earnings results on Wednesday, May 11, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Benzinga

Recap: Cocrystal Pharma Q1 Earnings

Cocrystal Pharma (NASDAQ:COCP) reported its Q1 earnings results on Wednesday, May 11, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Benzinga

Why Coinbase Stock Is Trading At 52-Week Lows

Coinbase Global Inc (NASDAQ: COIN) shares are trading lower Wednesday morning after the company announced weak financial results.

Benzinga

Why Cramer Recommends Buying AECOM, But Suggests Caution On Black Knight

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes AmerisourceBergen Corporation (NYSE: ABC) very much as it’s a very "inexpensive, terrific, profitable company."

Benzinga

Recap: AEterna Zentaris Q1 Earnings

AEterna Zentaris (NASDAQ:AEZS) reported its Q1 earnings results on Wednesday, May 11, 2022 at 08:00 AM. Here's what investors need to know about the announcement. Earnings AEterna Zentaris reported in-line EPS of $-0.02 versus an estimate of $-0.02.

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