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QMCO

Quantum Corporation (NASDAQ:QMCO) announced the expansion of its global partnership model to include South Korea, Japan, Australia, and New Zealand, aiming to grow its presence in these key markets. The company has entered into exclusive distributor agreements with TS Line Systems for Korea, ACA Pacific for Australia and New Zealand, and NGC for Japan. These partnerships, built on existing relationships and joint customers, are expected to enhance Quantum's end-to-end data management solutions' reach and efficiency. The expansion follows successful developments in other Asia-Pacific markets and is part of Quantum's strategy to leverage AI and machine learning to optimize unstructured data management. The new distributor agreements will see an increase in dedicated sales and marketing resources and continued joint support and services for customers in the region, with deployment set for the second quarter of calendar year 2024.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:59 pm

HAIN

Hain Celestial Group (NASDAQ:HAIN) announced strategic actions to simplify its portfolio and operating footprint, aiming to reduce complexity and strengthen its balance sheet. The company is reducing its portfolio assortment by 62%, consolidating its personal care manufacturing footprint, and streamlining its co-manufacturing network globally. These actions are part of the Hain Reimagined business strategy, focusing on driving a core portfolio of brands across five categories and leveraging scale and synergies across five core geographies. The initiatives include global SKU reductions, the sale of the Thinsters cookie brand, and the consolidation of manufacturing plants, which are expected to unlock annualized savings, generate operating cash flow to pay down debt, and drive gross margin expansion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:58 pm

MSFT

Microsoft Corp.'s Bethesda Game Studios is preparing to release a new expansion for their space RPG, Starfield, named Shattered Space, expected this fall. The studio's director, Todd Howard, discussed post-launch content plans, including updates and improvements based on player feedback, such as enhancements to ship building and navigation aids. Howard also mentioned the Starfield Creation Kit, aimed at supporting the game's modding community, indicating ongoing development and future announcements.

Portfolio Pulse from Franca Quarneti

April 30, 2024 | 8:55 pm

TSLA

Elon Musk announced on X that Tesla plans to continue expanding its Supercharger network, albeit at a slower pace for new locations. The focus will shift towards ensuring 100% uptime and expanding existing locations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:48 pm

TSLA

Tesla has started rolling out its Vision Autopark feature to vehicles equipped with ultrasonic sensors in the US and Canada, enhancing parking capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:47 pm

AMZN

Amazon's CFO announced during a conference call that the company expects higher capital expenditures (CAPEX) from Q2 through Q4 compared to Q1. Additionally, the CFO highlighted that generative AI is at a 'multi-billion dollar' run rate, indicating significant investment and growth in this area.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:45 pm

POAI

Predictive Oncology Inc. (NASDAQ:POAI) collaborates with FluGen on developing an intranasal flu vaccine, funded by a $6.2M Phase 2B grant from the U.S. Department of Defense. The project aims to create a stable, soluble vaccine for global distribution, leveraging Predictive Oncology's biologics capabilities and AI-driven drug discovery expertise.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:44 pm

AROC

Archrock's CEO, Brad Childers, announced an optimistic outlook for 2024, expecting to maintain high levels of utilization, pricing, and profitability. The company plans to raise the midpoint of its Adjusted EBITDA guidance for the full year, driven by strong oil prices, sustainable compression demand, and prudent capital discipline. Archrock's strong quarterly performance and strategic investments are supported by a favorable macro environment and the potential of natural gas in energy markets.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:36 pm

AMD

SOXX

AMD reported Q1 results slightly above expectations with record data center revenue but provided Q2 revenue guidance below consensus estimates, causing its stock to retreat in after-hours trading. The company highlighted strong growth in its Data Center and Client segments, driven by AI accelerator shipments and processor adoption. Despite a year-over-year decline in PC shipments, AMD's server compute business is expected to remain strong. AMD's stock fell 3.71% in after-hours trading but analysts remain optimistic about its future performance.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 8:35 pm

PINS

Pinterest Inc (NYSE:PINS) reported a significant Q1 earnings beat with a 23% year-over-year revenue increase to $740 million, surpassing estimates of $699.872 million. The company also saw a 12% increase in global monthly active users to 518 million and a 10% increase in average revenue per user to $1.46. CEO Bill Ready attributed this growth to investments in AI and shoppability, enhancing advertiser returns and product market fit. Pinterest expects Q2 revenue between $835 million to $850 million, above estimates of $826.48 million. Shares surged 18.57% after hours to $39.80.

Portfolio Pulse from Adam Eckert

April 30, 2024 | 8:31 pm