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HWM

WBIL

XAR

Howmet Aerospace Inc. (NYSE:HWM) reported strong Q2 FY24 results, with revenue and EPS beating expectations. The company announced a $2 billion increase in its share repurchase program and a 60% increase in its quarterly dividend. The FY24 outlook was also raised. HWM shares are up 12.3% premarket.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 12:32 pm

EVOK

Evoke Pharma has announced a 1-for-12 reverse stock split effective August 1, 2024. The common stock will trade on a split-adjusted basis under the symbol EVOK with a new CUSIP 30049G302.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:31 pm

HWM

Howmet Aerospace shares are trading higher following better-than-expected Q2 earnings, strong guidance, a raised dividend, and an increased buyback authorization.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:31 pm

HWM

Howmet Aerospace has raised its dividend from $0.05 to $0.08 per share and increased its common stock repurchase authorization by $2 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:30 pm

RNST

Renasant shares are trading lower after the company announced the pricing of a $200 million offering of 6.25 million shares at $32 per share.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:27 pm

ITW

Illinois Tool Works (ITW) has narrowed its FY24 GAAP EPS outlook to $10.30-$10.40 from the previous $10.30-$10.70 range, aligning closely with the $10.35 estimate. The company expects flat revenue and organic growth for 2024, while raising its operating margin guidance slightly. ITW plans to repurchase $1.5 billion of its shares and expects free cash flow to exceed net income.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:06 pm

BTTR

Better Choice shares are trading lower after the company announced the pricing of a $5 million public offering of 1.667 million shares at $3 per share.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:02 pm

DAWN

Day One Biopharmaceuticals announced an oversubscribed private placement, raising approximately $175 million by offering 10.55 million shares at $14.50 per share. Certain investors also purchased pre-funded warrants.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:17 am

QXO

QXO Inc. (NASDAQ:QXO), a company associated with Jared Kushner, experienced an 80% drop in pre-market trading, reducing its valuation from $90 billion to $8.6 billion. The decline was triggered by the registration of two private placements with the SEC, unlocking millions of shares and increasing selling pressure.

Portfolio Pulse from Benzinga Neuro

July 30, 2024 | 11:13 am

GTY

Getty Realty has priced 3.5 million shares at a public offering price of $30.10 per share.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:07 am