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GKOS

Glaukos Corporation (NYSE:GKOS) reported a Q1 adjusted EPS loss of $(0.70), missing consensus estimates but beat sales expectations with $85.6 million, a 16% Y/Y increase. The company expects 2024 sales between $357 million and $365 million. Analysts are optimistic, highlighting the success of the iDose and iStent products and predicting significant growth. William Blair rates GKOS as Outperform, and other firms have raised their price targets, leading to a 6.69% increase in GKOS shares to $105.53.

Portfolio Pulse from Vandana Singh

May 02, 2024 | 7:36 pm

TSLA

XPEV

XPeng Inc. (NASDAQ:XPEV) shares rose after reporting a 33% year-over-year increase in April EV deliveries, totaling 9,393 vehicles. This includes 1,959 X9 vehicles, with nearly 10,000 units delivered since its launch. Year-to-date, XPeng has delivered 31,214 EVs, marking a 23% increase from the previous year. XPeng's CEO welcomed Tesla Inc.'s (NASDAQ:TSLA) full self-driving software approval in China, anticipating a decade of 'Smart EVs'. Analysts have a mixed outlook on XPEV, with an average 12-month price target of $11.33, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

May 02, 2024 | 7:26 pm

SONY

Sony Group Corp. (NYSE:SONY) is set to enhance its PlayStation Plus lineup starting May 7 with four new titles: EA Sports FC 24, Ghostrunner 2, Tunic, and Destiny 2: Lightfall. These additions aim to provide members with a diverse range of gaming experiences, from football realism and cyberpunk adventures to isometric exploration and space-themed action. Additionally, an EA Sports FC 24 Ultimate Team Starter Pack will be available for members, offering exclusive in-game items.

Portfolio Pulse from Franca Quarneti

May 02, 2024 | 6:46 pm

HSY

Hershey Co. (NYSE:HSY) is set to report Q1 financial results with analysts expecting revenue of $3.11 billion and EPS of $2.76. Rising cocoa prices and competition from MrBeast's Feastables are key concerns. Hershey has a history of beating revenue estimates but faces challenges from higher commodity inflation and market share encroachment by Feastables. Hershey's stock has declined 30% over the last year.

Portfolio Pulse from Chris Katje

May 02, 2024 | 6:38 pm

LGVN

Longeveron, identified by its ticker LGVN, has been granted an Israeli patent for 'METHODS OF USING HUMAN MESENCHYMAL STEM CELLS TO EFFECT CELLULAR AND HUMORAL IMMUNITY'. This development could potentially enhance Longeveron's intellectual property portfolio and strengthen its position in the field of stem cell research.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:26 pm

AMZN

CRWD

Amazon.com Inc (AMZN) and CrowdStrike Holdings Inc (CRWD) have expanded their strategic partnership to enhance cybersecurity and cloud transformation. Amazon will use CrowdStrike's Falcon platform for comprehensive cybersecurity, replacing various cloud point products with Falcon Cloud Security. CrowdStrike will increase its use of AWS services to innovate in cloud security and AI applications. This collaboration aims to provide technologies for customers to build and secure their cloud businesses.

Portfolio Pulse from Shivani Kumaresan

May 02, 2024 | 6:25 pm

BKGI

D

WBIY

Dominion Energy Inc (NYSE:D) reported Q1 FY24 earnings with revenue of $3.632 billion, missing the consensus of $4.380 billion. Adjusted operating earnings decreased to $483 million from $515 million, and adjusted EPS fell to $0.55 from $0.59, aligning with consensus expectations. The company reaffirmed its FY24 and FY25 EPS guidance, countering rumors of delays in the Coastal Virginia Offshore Wind project. Investors can also gain exposure to Dominion Energy through BKGI and WBIY ETFs. Shares of Dominion Energy were slightly up in the latest trading session.

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 6:15 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares surged due to new contracts for supplying cryogenic equipment to a multinational industrial gas company and a statewide electric utility. The company, which acquired Applied Cryo Technologies in 2021, is also finalizing an agreement with another leading industrial gas company and has secured deals for cryogenic trailers for the Canadian market and LNG cryogenic mobile storage equipment. Deliveries are expected to start in early 2025, with PLUG shares up 6.09% to $2.44.

Portfolio Pulse from Nabaparna Bhattacharya

May 02, 2024 | 5:36 pm

ZBH

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) reported Q1 adjusted earnings per share of $1.94, surpassing the expected $1.87, with quarterly sales of $1.889 billion exceeding forecasts of $1.869 billion. Sales grew 3.2% year over year, with U.S. sales up 3.7% and international sales increasing by 2.5%. The company saw a 3.4% revenue increase in the Knees segment but a 0.3% decrease in the Hips unit. It also received FDA 510(k) clearances for the ROSA Shoulder System and the Z1 Femoral Hip Stem. Zimmer Biomet reiterated its FY24 EPS outlook of $8-$8.15 and expects a 5%-6% revenue change in constant currency. However, ZBH shares dropped 1.16% to $118.18.

Portfolio Pulse from Nabaparna Bhattacharya

May 02, 2024 | 5:31 pm

AIQ

DBAW

TRI

Thomson Reuters Corp (NYSE: TRI) reported a fiscal first-quarter 2024 revenue growth of 8% year-on-year to $1.89 billion, surpassing analyst expectations. Adjusted EPS was $1.11, beating the consensus of $0.95. The company saw organic revenue growth of 9%, with significant contributions from its 'Big 3' segments. Adjusted EBITDA margin expanded to 42.7%, and the company generated $271 million in free cash flow. CEO Steve Hasker highlighted the role of AI and strategic acquisitions in shaping the company's future. Thomson Reuters expects FY24 revenue between $7.24 billion and $7.27 billion. The stock has gained 17% over the last 12 months and is part of the Global X Artificial Intelligence & Technology ETF (NASDAQ: AIQ) and Xtrackers MSCI All World Ex US Hedged Equity ETF (NYSE: DABW).

Portfolio Pulse from Anusuya Lahiri

May 02, 2024 | 5:31 pm