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The article lists the stocks that gained and lost the most in Wednesday's mid-day session. Among the gainers were Abri SPAC I, Inc., Nuvve Holding Corp., BIO-key International, Inc., and Microsoft Corporation. Among the losers were Appreciate Holdings, Inc., Vicor Corporation, SunPower Corporation, and Alphabet Inc. Owens Corning shares fell by around 9% due to worse-than-expected third-quarter revenue results and issued fourth-quarter net sales guidance.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 5:49 pm

TDY

Teledyne Technologies Incorporated (TDY) reported Q3 FY23 sales growth of 2.9% year-over-year to $1.403 billion, missing the consensus of $1.423 billion. Adjusted EPS was $5.05, above the consensus of $4.76. The company's revenue was impacted by a stronger U.S. dollar and some deterioration in certain end markets. The company expects Q4 non-GAAP EPS of $4.95-$5.05 versus consensus of $5.17. TDY shares are trading lower by 3.03% at $374.48.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2023 | 5:49 pm

HWBK

Hawthorn Bancshares reported Q3 earnings of $0.36 per share, a 48.57% decrease from $0.70 per share in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:38 pm

AMD

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading lower by 4.8% due to possible sympathy with Texas Instruments Inc, which reported worse-than-expected Q3 sales results and issued Q4 revenue guidance below estimates. This could indicate potential issues in the broader supply chain, leading to concerns about semiconductor shortages and disruptions, which might negatively impact AMD. Lower sales and weaker revenue guidance from Texas Instruments could also be seen as a sign of broader economic challenges or slowdowns.

Portfolio Pulse from Henry Khederian

October 25, 2023 | 5:27 pm

MSFT

Analyst Ming-Chi Kuo has analyzed the impact of Microsoft's financial report on AI supply chain stocks. He notes that Microsoft's Azure revenue increased by 29% YoY, beating market expectations. However, Microsoft's Capex growth has slowed significantly, suggesting a shift in AI investment focus from building AI computing power to application and business development. This shift may initially be evidenced by the slowdown in capex growth and better-than-expected profits. While this may not benefit AI supply chain stocks in the short term, it could be favorable for long-term AI server shipment growth and investment confidence.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:18 pm

XPEV

XPeng Inc - ADR (NYSE:XPEV) shares are trading lower by 6.5% to $14.32 during Wednesday's session, following Tuesday's strength when Chinese stocks gained due to Beijing's plans to boost its economy. XPeng announced it will reveal its third-quarter unaudited financial results on Wednesday, November 15, before the open of U.S. markets.

Portfolio Pulse from Henry Khederian

October 25, 2023 | 5:15 pm

R

Ryder System, Inc. (NYSE:R) reported a 4% YoY decline in Q3 FY23 revenue to $2.924 billion, missing the analyst consensus of $2.985 billion. Adjusted EPS of $3.58 beat the analyst consensus of $3.22. The company has authorized two new share repurchase programs, each allowing for the repurchase of up to 2.0 million shares of common stock. Ryder raised its FY23 adjusted EPS outlook to $12.60-$12.85. However, the company's shares are trading lower by 4.01%.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2023 | 5:12 pm

UMC

United Microelectronics (UMC) shares are trading lower following the release of their Q3 results.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:06 pm

ADI

AMD

TXN

Semiconductor and chip stocks are trading lower possibly due to Texas Instruments' worse-than-expected Q3 sales results and lower Q4 revenue guidance. This may affect other companies in the sector.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:02 pm

TARO

Taro Pharmaceutical Indus (NYSE:TARO) is set to release its latest quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $0.18. The company's past performance shows a beat in EPS last quarter, followed by a 0.11% increase in share price. The stock is currently trading at $33.5, with a 1.55% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 5:02 pm