Bio-Key International Inc Expected To Post A Loss Of 58 Cents A Share - Earnings

U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining more than 150 points on Tuesday.

The Dow traded down 0.11% to 42,341.64 while the NASDAQ rose 0.85% to 18,724.32. The S&P 500 also rose, gaining, 0.35% to 5,843.93.

Check This Out: Jim Cramer: ‘Avoid’ This Consumer Cyclical Stock, Buy Lam Research

Leading and Lagging Sectors

Communication services shares rose by 1.5% on Tuesday.

In trading on Tuesday, utilities shares fell by 1.8%.

Top Headline

Phillips 66 shares fell around 5% on Tuesday after it reported third-quarter FY24 results.

Adjusted EPS of $2.04 topped the consensus of $1.66. Midstream segment adjusted pre-tax income stood at $672 million, vs. $753 million in the second quarter of FY24, owing to seasonal maintenance costs and lower equity earnings.

The Chemicals segment adjusted pre-tax income stood at $342 million versus $222 million in the prior quarter, led by higher margins and lower costs.

Equities Trading UP

• GlycoMimetics, Inc. shares shot up 172% to $0.4608 after the company announced it will merge with Crescent Biopharma and secured $200 in funding to advance its oncology pipeline.
• Shares of BIO-key International, Inc. got a boost, surging 60% to $1.08 after the company announced it received a $910K order from a long-time financial services customer to upgrade its biometric customer identification technology.
• GeneDx Holdings Corp. shares were also up, gaining 46% to $81.57 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance.

Equities Trading DOWN

• 1847 Holdings LLC shares dropped 63% to $0.4655 after the company priced an $11.1 million public offering at $1.26 per unit.
• Shares of TransMedics Group, Inc. were down 31% to $87.61 after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance with its midpoint below estimates.
• Janus International Group, Inc. was down, falling 32% to $7.00 after the company reported worse-than-expected third-quarter financial results and cut its FY24 sales guidance below estimates.

Commodities

In commodity news, oil traded down 0.1% to $67.36 while gold traded up 1% at $2,782.00.

Silver traded up 1.5% to $34.50 on Tuesday, while copper fell 0.1% to $4.3595.

Euro zone

European shares closed lower today. The eurozone's STOXX 600 slipped 0.57%, Germany's DAX fell 0.27% and France's CAC 40 slipped 0.61%. Spain's IBEX 35 Index fell 0.91%, while London's FTSE 100 fell 0.80%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 0.77%, Hong Kong's Hang Seng Index gaining 0.49%, China's Shanghai Composite Index falling 1.08% and India's BSE Sensex surging 0.45%.

Economics

• The number of job openings declined by 418,000 to 7.443 million in September versus a revised 7.861 million in the previous month and below market estimates of 7.99 million.
• The FHFA house price index rose 0.3% in August, above market estimates of a 0.2% rise.
• The S&P CoreLogic Case-Shiller home price index rose 5.2% year-over-year in August versus a 5.9% gain in July.
• U.S. wholesale inventories declined by 0.1% month-over-month to $905 billion in September compared to revised 0.2% gain in the earlier month.
• The U.S. trade deficit increased to $108.2 billion in September from the $94.2 billion gap in the previous month.
• The Dallas Fed general business activity index for Texas’ service sector climbed to 2 in October compared to a reading of -2.6 in the prior month.

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• Wall Street’s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Tuesday.

The Dow traded down 0.07% to 42,357.35 while the NASDAQ rose 0.74% to 18,704.19. The S&P 500 also rose, gaining, 0.34% to 5,843.35.

Check This Out: Jim Cramer: ‘Avoid’ This Consumer Cyclical Stock, Buy Lam Research

Leading and Lagging Sectors

Communication services shares rose by 1.2% on Tuesday.

In trading on Tuesday, utilities shares fell by 1.6%.

Top Headline

Pfizer Inc. reported better-than-expected results for its third quarter.

The company posted third-quarter adjusted EPS of $1.06, a turnaround from loss of 17 cents a year ago, beating the consensus of 62 per share. The U.S. drugmaker reported sales of $17.70 billion, up 31% year-over-year (up 32% operationally), beating the consensus of $14.95 billion.

Equities Trading UP

• GlycoMimetics, Inc. shares shot up 161% to $0.4352 after the company announced it will merge with Crescent Biopharma and secured $200 in funding to advance its oncology pipeline.
• Shares of BIO-key International, Inc. got a boost, surging 95% to $1.3100 after the company announced it received a $910K order from a long-time financial services customer to upgrade its biometric customer identification technology.
• GeneDx Holdings Corp. shares were also up, gaining 47% to $82.32 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance.

Equities Trading DOWN

• 1847 Holdings LLC shares dropped 66% to $0.4235 after the company priced an $11.1 million public offering at $1.26 per unit.
• Shares of TransMedics Group, Inc. were down 30% to $87.89 after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance with its midpoint below estimates.
• Janus International Group, Inc. was down, falling 28% to $7.45 after the company reported worse-than-expected third-quarter financial results and cut its FY24 sales guidance below estimates.

Commodities

In commodity news, oil traded up 0.2% to $67.51 while gold traded up 1% at $2,782.00.

Silver traded up 1.9% to $34.630 on Tuesday, while copper rose 0.1% to $4.3650.

Euro zone

European shares were lower today. The eurozone's STOXX 600 slipped 0.37%, Germany's DAX fell 0.18% and France's CAC 40 slipped 0.29%. Spain's IBEX 35 Index fell 0.74%, while London's FTSE 100 fell 0.52%.

Retail sales in Spain rose by 4.1% year-over-year in September, while retail sales volumes in the UK fell by 6% in October following a 4% increase in September.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 0.77%, Hong Kong's Hang Seng Index gaining 0.49%, China's Shanghai Composite Index falling 1.08% and India's BSE Sensex surging 0.45%.

Hong Kong’s trade deficit shrank to $53.2 billion in September from $64.6 billion in the year-ago month.

Economics

• The number of job openings declined by 418,000 to 7.443 million in September versus a revised 7.861 million in the previous month and below market estimates of 7.99 million.
• The FHFA house price index rose 0.3% in August, above market estimates of a 0.2% rise.
• The S&P CoreLogic Case-Shiller home price index rose 5.2% year-over-year in August versus a 5.9% gain in July.
• U.S. wholesale inventories declined by 0.1% month-over-month to $905 billion in September compared to revised 0.2% gain in the earlier month.
• The U.S. trade deficit increased to $108.2 billion in September from the $94.2 billion gap in the previous month.
• The Dallas Fed general business activity index for Texas’ service sector climbed to 2 in October compared to a reading of -2.6 in the prior month.

Now Read This:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

U.S. stocks traded mixed this morning, with the Dow Jones index edging lower on Tuesday.

Following the market opening Tuesday, the Dow traded down 0.04% to 42,370.65 while the NASDAQ rose 0.06% to 18,577.63. The S&P 500 also fell, dropping, 0.05% to 5,820.82.

Check This Out: Jim Cramer: ‘Avoid’ This Consumer Cyclical Stock, Buy Lam Research

Leading and Lagging Sectors

Communication services shares rose by 0.5% on Tuesday.

In trading on Tuesday, utilities shares fell by 1.6%.

Top Headline

McDonald's Corporation posted better-than-expected third-quarter earnings on Tuesday.

The company reported third-quarter adjusted earnings per share of $3.23, beating the analyst consensus estimate of $3.20. Quarterly sales of $6.90 billion beat the analyst consensus view of $6.82 billion. Revenues increased 3% (2% in constant currencies) over the prior year.

Equities Trading UP

• GlycoMimetics, Inc. shares shot up 211% to $0.5292 after the company announced it will merge with Crescent Biopharma and secured $200 in funding to advance its oncology pipeline.
• Shares of BIO-key International, Inc. got a boost, surging 99% to $1.3104 after the company announced it received a $910K order from a long-time financial services customer to upgrade its biometric customer identification technology.
• Shuttle Pharmaceuticals Holdings, Inc. shares were also up, gaining 40% to $1.85 after the company announced it finalized agreements with all six of the planned site enrollment locations to administer the Phase 2 clinical trial of Ropidoxuridine.

Equities Trading DOWN

• 1847 Holdings LLC shares dropped 65% to $0.4426 after the company priced an $11.1 million public offering at $1.26 per unit.
• Shares of Hanryu Holdings, Inc. were down 43% to $0.2893.
• Primega Group Holdings Limited was down, falling 42% to $10.99.

Commodities

In commodity news, oil traded up 0.3% to $67.61 while gold traded up 0.8% at $2,778.10.

Silver traded up 1.7% to $34.580 on Tuesday, while copper fell 0.1% to $4.3625.

Euro zone

European shares closed lower today. The eurozone's STOXX 600 slipped 0.2%, Germany's DAX fell 0.1% and France's CAC 40 slipped 0.1%. Spain's IBEX 35 Index fell 0.5%, while London's FTSE 100 fell 0.4%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 0.77%, Hong Kong's Hang Seng Index gaining 0.49%, China's Shanghai Composite Index falling 1.08% and India's BSE Sensex surging 0.45%.

Economics

• The number of job openings declined by 418,000 to 7.443 million in September versus a revised 7.861 million in the previous month and below market estimates of 7.99 million.
• The FHFA house price index rose 0.3% in August, above market estimates of a 0.2% rise.
• The S&P CoreLogic Case-Shiller home price index rose 5.2% year-over-year in August versus a 5.9% gain in July.
• U.S. wholesale inventories declined by 0.1% month-over-month to $905 billion in September compared to revised 0.2% gain in the earlier month.
• The U.S. trade deficit increased to $108.2 billion in September from the $94.2 billion gap in the previous month.

Now Read This:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.