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TSLA

Elon Musk, CEO of Tesla and SpaceX, has reiterated his willingness to engage in a 'cage match' with Meta CEO Mark Zuckerberg. This follows a previous challenge issued by Musk in June, which Zuckerberg initially responded to enthusiastically before later expressing doubts about Musk's sincerity. The rivalry between the two tech moguls intensified after Meta launched Threads, a text-based conversation app dubbed as a 'Twitter killer'. Musk acquired Twitter for $44 billion in October 2022 and rebranded it to X. During Meta's Q3 earnings call, Zuckerberg revealed that Threads had nearly 100 million monthly users since its July launch.

Portfolio Pulse from Ananya Gairola

October 27, 2023 | 2:38 am

PARA

PARAA

A new poll from Morning Consult shows an increase in approval for President Joe Biden's handling of the Middle East conflict, with 42% of voters approving, up from 35% two weeks ago. The poll also found that 47% of voters support a $14 billion funding request for Israel's military. The poll results come after Biden's appearance on '60 Minutes', a program aired on Paramount Global's (NASDAQ:PARA)(NASDAQ:PARAA) unit CBS, where he discussed the conflicts and pledged support for Israel and Ukraine.

Portfolio Pulse from Chris Katje

October 26, 2023 | 11:19 pm

GASS

STEALTHGAS has announced a $10M increase to its existing common stock repurchase program, bringing the total aggregate amount to $25M.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:36 pm

DXCM

Dexcom reported strong Q3 results and announced a $500 million buyback, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:25 pm

FORR

Forrester Research has released its adjusted financial guidance for FY23, excluding stock-based compensation expense of $15.0 million to $15.5 million, amortization of acquisition-related intangible assets of approximately $12.0 million, restructuring costs of approximately $12.2 million, a legal settlement of $4.8 million, and any investment gains or losses. The company expects an adjusted operating margin of approximately 10.5% to 11.5%, an adjusted effective tax rate of approximately 29%, and adjusted diluted earnings per share of approximately $1.80 to $2.00.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:22 pm

AROW

Arrow Financial Corporation (AROW) has declared a quarterly cash dividend of $0.27 per share, marking the 42nd consecutive quarterly cash dividend. The company is also resuming its Dividend Reinvestment Plan (DRIP) and expanding its stock repurchase program by $5 million, bringing the total availability to $9.1 million. The company expects to resume repurchases in the coming months.

Portfolio Pulse from Happy Mohamed

October 26, 2023 | 9:19 pm

DXCM

DexCom, Inc. (NASDAQ:DXCM) reported Q3 earnings of 50 cents per share, beating the estimate of 34 cents. The company's revenue was $975 million, a 27% YoY growth, beating the estimate of $939.2 million. DexCom attributed the growth to volume growth and new customer additions. The company also announced a $500 million share repurchase program and increased its full-year 2023 revenue guidance to $3.575 billion to $3.600 billion range, representing 23% to 24% growth.

Portfolio Pulse from Ryan Gustafson

October 26, 2023 | 9:18 pm

MTX

Minerals Technologies Inc. has announced a $75 million share repurchase program. The company's board of directors has authorized the repurchase of its common stock from time to time, in the open market or privately negotiated transactions.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:13 pm

MCAA

FC Barcelona (FCB) and Mountain & Co. I Acquisition Corp. (MCAA) have amended their Business Combination Agreement to strengthen their partnership and focus on meeting near-term operational targets. The amendment reduces closing conditionality for MCAA's public shareholders and revises the financial requirements of the business combination to enhance structural flexibility. The minimum cash condition for Barça Media has been adjusted to €90 million at closing, which can be reduced by any cash received by FCB. The business combination agreement now provides for a termination right by FCB if funding of €40 million has not been received or committed by December 31, 2023.

Portfolio Pulse from Happy Mohamed

October 26, 2023 | 9:03 pm

KMT

Kennametal has announced that William M. Lambert will become the Chairman of the Board, effective from November 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:03 pm