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CTGO

Contango ORE, Inc. (CTGO) reported a net loss of $40.8 million or $4.44 per share for the six-month period ending December 31, 2023, compared to a net loss of $21.4 million or $3.15 per share for the same period in 2022. The increased loss was primarily due to a $23.4 million unrealized loss on derivative gold hedging contracts and increased interest and administrative costs. The company completed a senior secured loan facility of up to $70 million, invested $34.4 million in the Peak Gold JV, and raised $30.4 million through a public offering. Construction at the Manh Choh project, operated by Kinross Gold Corporation, is on schedule for initial production in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:49 pm

VTLE

Vital Energy has announced the pricing of an upsized offering of $800 million in senior notes, with the offering expected to close on March 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:49 pm

ULTA

Ulta Beauty Inc (NASDAQ:ULTA) reported Q4 earnings with a 10.2% revenue increase to $3.55 billion, surpassing estimates. Earnings per share were $8.08, beating the $7.53 forecast. The company has exceeded analyst expectations for 13 consecutive quarters. Comparable sales rose by 2.5%, with a notable increase in transactions. Operating income grew by 15.5% to $517.1 million. Ulta added 13 new stores, ending the quarter with $766.6 million in cash and repurchased $159.5 million of its stock. A new $2 billion share repurchase program was announced. For FY 2024, Ulta expects revenue between $11.7 billion and $11.8 billion, and earnings per share between $26.20 and $27, both above estimates. Despite the positive report, ULTA shares dropped 5.25% after hours.

Portfolio Pulse from Adam Eckert

March 14, 2024 | 8:45 pm

EIG

Employers Holdings, Inc. (NYSE:EIG) announced a leadership change with Michael J. McSally stepping down as Board Chair, to be succeeded by Jeanne L. Mockard on March 20, 2024. McSally, who has been on the Board since 2013 and Chair since 2020, will remain a board member. Mockard, a board member since 2018, brings extensive financial and investment experience to her new role.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:36 pm

BLNK

Blink Charging projects FY24 revenue to be between $165M-$175M, aligning with the $171.2M estimate. The company aims for a positive adjusted EBITDA by December 2024 and targets a gross margin of approximately 33% for the full year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:35 pm

XELB

Xcel Brands' stock price is trading lower following the announcement of a proposed public offering of its common stock.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:34 pm

LAW

The board of CS Disco has approved a repurchase program of up to $20 million of its outstanding shares of common stock. This move is aimed at enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:24 pm

XELB

Xcel Brands, Inc. has announced a proposed public offering of its common stock. This move is aimed at raising capital, but the specifics regarding the number of shares to be offered and the pricing have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:21 pm

ADBE

Adobe Inc (NASDAQ:ADBE) reported Q1 financial results with an 11% year-over-year revenue increase to $5.18 billion, surpassing estimates. Earnings per share were $4.48, beating the $4.38 estimate. Adobe has exceeded analyst expectations for five consecutive quarters. The company announced a new $25 billion stock repurchase program and provided a slightly softer Q2 revenue outlook than expected, forecasting $5.25 billion to $5.30 billion against a $5.31 billion estimate.

Portfolio Pulse from Adam Eckert

March 14, 2024 | 8:19 pm

NUVB

Nuvation Bio has initiated a Phase 1/2 clinical trial, dosing the first patient with NUV-1511, a treatment aimed at advanced solid tumors. This marks a significant step in the company's development pipeline, potentially impacting its future growth and valuation.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:19 pm