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BLK

OXY

Occidental Petroleum Corp (OXY) reported Q3 FY23 revenue of $7.40 billion, beating consensus estimates. Production exceeded guidance, with Permian volumes at the high end of guidance. Pre-tax income was $2.0 billion, down from $3.3 billion a year ago. The company has completed around 60% of its $3.0 billion share repurchase program. BlackRock Inc (BLK) plans to invest $550 million in OXY's STRATOS project in Texas.

Portfolio Pulse from Lekha Gupta

November 08, 2023 | 12:17 pm

EVGO

EVgo has updated its full year 2023 guidance, raising its sales forecast from $120-150 million to $148-158 million. The company also expects to have a total of 3,400 – 3,700 DC fast charging stalls in operation or under construction by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:15 pm

FOLD

Amicus Therapeutics has increased its revenue growth guidance for Galafold for FY23 to between 16% and 18% at CER.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:12 pm

UAA

Under Armour has revised its fiscal year 2024 outlook, expecting a 2-4% decrease in revenue, compared to the previous expectation of flat to slightly up. Gross margin is expected to increase by 100 to 125 basis points, and selling, general & administrative expenses are expected to be flat to slightly down. Operating income, effective tax rate, and diluted earnings per share remain unchanged. Capital expenditures are expected to reach between $230 million and $250 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:01 pm

CEVA

CEVA, Inc. has announced an expansion of its existing share repurchase program, with an additional 700,000 shares now available for repurchase.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:00 pm

STLA

President Joe Biden is set to meet with UAW President Shawn Fain to celebrate Stellantis NV's decision to reopen an assembly plant in Illinois. Stellantis has committed to a $3.2 billion battery plant and a $1.5 billion investment in a mid-size truck factory in Illinois, aiming to add 5,000 total U.S. jobs by 2028. The company also plans to invest in Toledo Jeep operations and three Michigan assembly plants.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 11:58 am

ADNT

Adient plc has announced that its current CEO, Douglas G. Del Grosso, will retire at the end of 2023. He will be succeeded by Jerome J. Dorlack, the company's current CFO, who will take over as CEO and director from January 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:43 am

TRP

TC Energy Corporation has announced that John E. Lowe will be appointed as Chair of the Board, effective Jan. 1, 2024. The current Board Chair, Siim A. Vanaselja, will step down effective Dec. 31, 2023, but will continue to serve as a member of the Board.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:35 am

UPWK

Upwork Inc's shares are trading higher by around 20% after it reported Q3 FY23 results. Revenue rose 11% Y/Y to $175.7 million, beating the consensus of $168.2 million. The company signed 23 new Enterprise clients in Q3, up 21% Q/Q, and Gross Services Volume stood at $1 billion. Adjusted EBITDA of $31.2 million was better than $(2.9) million a year ago, with EBITDA margin of 18% in Q3. The company's Board has recently approved a $100 million share repurchase program. FY23 Outlook: UPWK boosted guidance for revenue to $680 million-$685 million.

Portfolio Pulse from Lekha Gupta

November 08, 2023 | 11:27 am

YOU

Clear Secure has announced a $100M increase to its share repurchase program, bringing the total remaining authorization to approximately $128M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:16 am