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ALB

Albemarle has announced a comprehensive review of its cost and operating structure, including changes at its Kemerton lithium hydroxide conversion site in Australia. The company will stop construction at Train 3, idle production at Train 2, and focus on ramping up Train 1.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:21 pm

DIS

Disney World puts 24% of travelers into debt, with higher figures among Gen Z and parents with young children. Despite this, Disney's theme parks remain its most profitable segment, contributing significantly to revenue and operating profit. However, Disney's streaming services and movie studio continue to struggle, impacting overall share performance.

Portfolio Pulse from Hayden Buckfire

July 31, 2024 | 8:20 pm

META

Meta Platforms Inc (NASDAQ:META) reported strong Q2 earnings, beating both revenue and EPS estimates. The company saw a 22% YoY increase in total revenues and provided strong guidance for Q3. Meta AI is on track to become the most used AI assistant globally by year-end.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 8:20 pm

EXAS

TwinStrand Biosciences has entered into an agreement with Exact Sciences to exclusively license its patent estate in the cell-free nucleic acid sequencing space. The license pertains to TwinStrand's Duplex Sequencing® error-correction technology, which significantly enhances the accuracy of next-generation sequencing.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:14 pm

SSRM

SSR Mining has announced that its FY24 production forecast for Marigold, Seabee, and Puna remains unchanged at 340,000-380,000 gold equivalent ounces.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:13 pm

MSFT

NTDOY

SONY

Microsoft's Q4 earnings report shows a 42% decline in Xbox hardware sales, continuing a downward trend. However, overall gaming revenue surged 44% year-over-year, driven by the acquisition of Activision Blizzard. Industry-wide, major console makers like Sony and Nintendo also saw declines in hardware sales.

Portfolio Pulse from Franca Quarneti

July 31, 2024 | 8:11 pm

META

Meta Platforms expects its full-year 2024 total expenses to be in the range of $96-99 billion, unchanged from its prior outlook. The company also anticipates increased operating losses for Reality Labs due to ongoing product development and scaling investments.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:08 pm

HLVX

HilleVax plans to reduce its workforce by approximately 40%, affecting around 41 employees. This move aims to preserve cash while continuing the development of its HIL-214 and HIL-216 norovirus vaccine candidates and related business activities.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:05 pm

QCOM

Qualcomm Inc (NASDAQ:QCOM) reported strong Q3 earnings with revenue and EPS beating estimates. Revenue was $9.4 billion, up 11% YoY, and EPS was $2.33. The company saw significant growth in its QCT segment, particularly in automotive. Qualcomm provided positive Q4 guidance and announced upcoming product launches.

Portfolio Pulse from Chris Katje

July 31, 2024 | 8:04 pm

ALXO

ALX Oncology reported positive data from its ASPEN-06 Phase 2 trial, showing that the evorpacept combination achieved a confirmed overall response rate (ORR) of 40.3% compared to 26.6% for the control arm. In patients with fresh HER2-positive biopsies, the ORR was 54.8% versus 23.1% in the control, indicating a strong correlation between HER2 expression and evorpacept efficacy.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:03 pm