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MDT

Medtronic Plc (NYSE:MDT) reported a 4.7% Y/Y increase in Q3 2024 sales to $8.1 billion, slightly above the consensus of $7.95 billion. The company announced exiting its unprofitable ventilator product line to focus on profitable growth in its newly combined Acute Care and Monitoring unit. Medtronic also raised its FY 2024 sales growth guidance to 4.75%-5% and adjusted EPS guidance to $5.19-$5.21, surpassing previous estimates and consensus. Shares rose 2.82% in premarket trading.

Portfolio Pulse from Vandana Singh

February 20, 2024 | 2:24 pm

GXAI

Gaxos.AI Inc (NASDAQ:GXAI) shares dropped 20.8% to $0.56 due to potential profit-taking after announcing an AI solution for game developers. The new service, aimed at streamlining creative asset development, supports Unity and plans for Unreal Engine support. The drop follows a recent high, with GXAI's 52-week range being $0.18 to $1.60.

Portfolio Pulse from Henry Khederian

February 20, 2024 | 2:24 pm

ZYXI

Zynex, Inc. (NASDAQ:ZYXI) announced the launch of two new therapy products: the Zynex Pro Hybrid LSO, a versatile spinal orthosis, and the Zynex DynaComp Cold Compression, a device combining cold therapy and compression. These products aim to enhance the company's offerings in pain management and rehabilitation, potentially increasing its competitiveness and diversifying its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:22 pm

FROG

JFrog Ltd. (NASDAQ:FROG) and Carahsoft Technology Corp. have announced a partnership to provide U.S. Government organizations with DevSecOps workflows to secure their software supply chains. This collaboration enables the public sector to access JFrog's platform through Carahsoft's distribution network, including NASA SEWP V and ITES-SW2 contracts, to ensure software compliance and security. The partnership aims to integrate security into the software development lifecycle, addressing the increasing threats and regulatory requirements faced by government organizations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:21 pm

LZB

La-Z-Boy Incorporated (NYSE:LZB) is set to release its Q3 fiscal 2024 earnings on Feb. 20, 2024, with analysts expecting a decrease in earnings per share from the previous year. The company recently raised its quarterly dividend and has invested in furniture market showrooms. The article also explains how investors can earn a monthly income from La-Z-Boy's dividends, based on the current annual yield of 2.10%.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 2:21 pm

MDLZ

Mondelēz International, Inc. (NASDAQ:MDLZ) showcased its strategic progress at the 2024 CAGNY Conference, emphasizing the transformation of its North American business into a sustainable growth engine. The company highlighted improvements in manufacturing flexibility, sales execution, pricing power, and portfolio expansion in North America. With a focus on core categories like chocolate, biscuits, and baked snacks, Mondelēz aims to drive sustainable growth through strong gross profit dollar growth, local-first commercial execution, and increased investments in brands, capabilities, and talent. The North American business, contributing over 30% of net revenue and nearly 40% of operating income, is positioned as a key growth driver.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:21 pm

IPWR

Ideal Power Inc (NASDAQ:IPWR) has started commercial shipments of its SymCool Power Modules, targeting applications in switchgear, renewable energy, EVs, and more. The company anticipates forming major OEM partnerships and custom development agreements later this year, with sales expected to ramp up in the second half of 2024. CEO Dan Brdar highlighted the efficiency benefits of their B-TRAN technology and the company's progress on its commercialization roadmap.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 2:20 pm

IPWR

Ideal Power anticipates converting large OEMs into design wins and/or additional custom development agreements due to the success of its test and evaluation program and the shipment of SymCool Power Modules.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:20 pm

IPWR

Ideal Power Inc. has announced the commencement of commercial shipments for its SymCool Power Module customer orders. This marks a significant milestone for the company as it transitions from development to commercialization of its products.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:20 pm

ISDR

Issuer Direct Corporation (NYSE:ISDR) announces a partnership with ASTA-USA Translation Services to expand its language translation offerings. This partnership will allow Issuer Direct, the parent company of ACCESSWIRE and Newswire, to provide its customers with access to specialized translation and localization services across various industries. ASTA-USA, known for its rigorous vetting process and industry-specific expertise, aims to enhance collaboration and eliminate language barriers for businesses. Additionally, ASTA-USA is a Newswire Press Release Optimizer client, further strengthening the relationship between the two companies.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:19 pm