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GRPN

Groupon Inc reported Q3 FY23 revenue of $126.5 million, missing the consensus of $129.6 million. North America and International revenues decreased due to a decline in engagement on the platform. Adjusted EPS loss of $(0.12) missed the consensus of $0.11. The company plans to raise around $100 million through equity rights offering and non-core asset sales. Groupon's co-founder Eric Lefkofsky is set to resign from the board. Following the news, Groupon shares traded lower by 32.27%.

Portfolio Pulse from Lekha Gupta

November 10, 2023 | 11:07 am

OGI

Organigram has appointed Paolo De Luca, the current Chief Strategy Officer, as interim CFO effective November 13, 2023. This comes as Derrick West, the current CFO, is transitioning away from his role to focus on his health and recovery following surgery. The company is in the process of searching for a new permanent CFO.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:02 am

BRAG

JMP Securities analyst Jordan Bender has upgraded Bragg Gaming Group (NASDAQ:BRAG) from Market Perform to Market Outperform and set a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 10:26 am

AAPL

GOOGL

MSFT

Apple Inc. is reportedly developing a supercharged AI-powered Siri for the iPhone 16, as it competes with rivals Alphabet Inc. and Microsoft Corp. in the AI race. The new Siri will offer on-device AI features exclusively for the iPhone 16, while older iPhones will only get cloud-based AI features. This development is part of Apple's strategy to capitalize on the surge in AI adoption.

Portfolio Pulse from Rounak Jain

November 10, 2023 | 9:32 am

TKO

TKO Group Holdings, Inc. has priced its secondary offering of 8.4 million Class A common shares at $79.80 per share. The shares are being sold by one of its stockholders, Mr. Vincent K. McMahon, and TKO will repurchase approximately $100 million of these shares. TKO's CEO Ariel Emanuel, President Mark Shapiro, and other directors have purchased a total of 35,712 shares in the offering.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:40 am

SPHR

Sphere Entertainment Co. (NYSE:SPHR) reported a $98.4 million operating loss from its Las Vegas Sphere venue for the quarter ending Sep. 30, 2023. The company's CFO, Gautam Ranji, has also resigned, although the company clarified that his departure was not due to any professional disagreement. Despite these challenges, the company reaffirmed its commitment to delivering long-term shareholder value.

Portfolio Pulse from Benzinga Neuro

November 10, 2023 | 6:03 am

COR

WBA

Cencora, Inc. (NYSE:COR) has agreed to repurchase its common stock from Walgreens Boots Alliance Holdings LLC for approximately $250 million. The repurchase is concurrent with Walgreens Boots Alliance's entry into certain variable pre-paid forward transactions. The repurchased shares will be held in Cencora's treasury.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:19 am

COR

WBA

Walgreens Boots Alliance (WBA) has sold shares of Cencora, Inc. (COR) for initial proceeds of $674 million. The sale was executed through variable prepaid forward transactions, providing WBA with liquidity while maintaining the ability to participate in potential stock price appreciation. The proceeds will be used for debt paydown and general corporate purposes. The sale has no impact on the long-term partnership between the two companies.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:18 am

SRFM

Surf Air Mobility Inc. (NYSE:SRFM) has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission, registering up to 300 million shares of Common Stock. This is part of the company's Share Subscription Facility with GEM, under which it has access to a total of $400 million. The company currently has $392.5 million remaining under this agreement. The registered shares will be used to request advances under the share subscription facility and satisfy other current obligations to register shares previously issued to GEM.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:07 am

ITCL

Banco Itaú Chile (NYSE:ITCL) has announced the termination of its American Depositary Shares (ADS) program. The Bank of New York Mellon, as depositary, issued a termination notice on November 8, 2023, with the program set to end on February 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:00 am