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Benzinga Insights has identified several value stocks in the technology sector based on low P/E ratios. Surgepays, ChipMOS TECHNOLOGIES, Optical Cable, United Microelectronics, and BOS Better Online Solns are highlighted for their current valuations and recent financial performance, including earnings per share and dividend yields. Some stocks have reported decreased earnings or yields, while others have remained stable or undervalued.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 2:40 pm

TCOM

Trip.Com Group Ltd (NYSE:TCOM) reported a 99% increase in third-quarter revenue to $1.89 billion and adjusted earnings per ADS of $1.00. Bookings on the platform rose over 100% year-over-year, with domestic hotel bookings up over 90% and outbound hotel and air reservations at 80% of pre-Covid levels. The company repurchased $120 million of its stock and announced a new capital return policy starting in 2024. Despite the positive results, TCOM shares dropped 5.51% to $34.65.

Portfolio Pulse from Adam Eckert

November 21, 2023 | 2:34 pm

KSS

During a conference call, a Kohl's executive indicated that for Q4, the company's other revenue, which mainly consists of its credit business, is expected to perform in line with or slightly better than its net sales.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:32 pm

MOR

MorphoSys AG's stock (NASDAQ:MOR) is trading lower after releasing Phase 3 MANIFEST-2 study results for pelabresib in combination with ruxolitinib for myelofibrosis treatment. The study met its primary endpoint, showing a significant reduction in spleen volume. However, secondary endpoints related to symptom improvement showed a positive trend but did not reach statistical significance. MorphoSys plans to submit regulatory applications for pelabresib in mid-2024. MOR shares dropped 20.14% in premarket trading.

Portfolio Pulse from Vandana Singh

November 21, 2023 | 2:28 pm

GASS

StealthGas (NASDAQ:GASS) reported Q3 earnings with an EPS of $0.16, beating estimates by 6.67% but with a revenue decrease of $231 thousand from the same period last year. Despite beating EPS estimates in the past quarters, the share price experienced a minor drop the following day last quarter.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 2:20 pm

SEED

Origin Agritech Ltd. (NASDAQ:SEED) provided a business update for FY23, expecting revenue of $12M-$13M, a 60%-70% increase from FY22. Net income is projected at $16M-$17M, including a one-time $19M gain from a building sale. Operating profit is anticipated to be around $2M. The company highlighted advancements in agricultural biotechnology, including a triple-stack trait corn and a novel gene editing method. They also discussed the potential approval of GMO corn hybrids in 2024, advancements in nitrogen-efficient corn, and expansion plans for nutrition-enhanced corn (NEC). The company is in discussions with Muyuan Foods for potential collaborations and expects to expand NEC corn planting. Origin Agritech's CEO expressed confidence in the company's future and dissatisfaction with the current stock price, indicating it undervalues the company's potential.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:19 pm

GASS

StealthGas (NASDAQ:GASS) reported Q3 2023 earnings of $0.16 per share, surpassing the consensus estimate of $0.15. Sales reached $34.65M, exceeding the $27.50M estimate but marking a slight decrease from the previous year's $34.89M.

Portfolio Pulse from saritha@benzinga.com

November 21, 2023 | 2:16 pm

HIBB

Hibbett, Inc. (NASDAQ:HIBB) shares surged after reporting Q3 sales of $431.92 million, surpassing analyst expectations of $416.02 million. Despite a slight 0.3% Y/Y net sales decrease, the company's Q3 EPS of $2.05 exceeded estimates of $1.17. E-commerce sales grew by 12.6% Y/Y, while brick-and-mortar sales fell by 5.4%. Gross margin slightly declined due to higher promotional activity. Hibbett opened ten new stores, updated its FY24 EPS outlook to $8.00-$8.30 from $7.00-$7.75, and expects total sales to be flat to up ~2.0% for FY24. The stock price rose by 16.56% to $62.50 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 2:16 pm

GASS

StealthGas (NASDAQ:GASS) reported Q3 earnings of $0.31 per share, surpassing the $0.15 estimate by 106.67%, and a 93.75% increase from last year's $0.16. Sales reached $34.65M, exceeding the $27.50M estimate by 26.01%, despite a slight 0.66% decrease from last year's $34.89M.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:13 pm

TNP

Tsakos Energy Navigation (TNP) reported a decrease in Q3 earnings to $0.83 per share from $1.48 YoY, and a sales decline to $186.66M from $223.74M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:07 pm