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CAL

Sam Edelman, part of Caleres (NYSE:CAL) portfolio, announced partnerships with four new licensees to expand its brands into new categories including handbags, kids' shoes, hosiery, and slippers. The new partners are HB Connections, Esquire Brands, Gina Group, and My Step Global, joining existing partners in expanding Sam Edelman's lifestyle offerings. The move is aimed at meeting the diverse fashion needs of its global audience, with products launching in spring and fall.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:54 pm

METC

Ramaco Resources (METC) has significantly increased its sales commitments for 2024 to 3.8 million tons, nearly 90% above its previous guidance. This includes 1.5 million tons to North American customers at $167 per ton and 2.3 million tons to export markets at index-linked pricing. As a result, the company has raised its 2024 sales and production guidance, with sales expected to be between 4.2 and 4.6 million tons and production between 4.0 and 4.4 million tons. This update reflects strong market acceptance of Ramaco's coal and suggests a potential annual sales run-rate of 5 million tons by year-end 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:37 pm

XAIR

Beyond Air reported a solid sequential revenue growth of over 60% in Q3 FY2024 compared to Q2, driven by increasing demand for its LungFit PH system. The company is preparing for a key software update and expects to meet accelerating demand with an upgraded inventory. Beyond Air reiterates its FY2025 revenue guidance of $12M-$16M, expressing confidence in achieving these targets.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:32 pm

ETN

Eaton (NYSE:ETN) is advancing its manufacturing capabilities by integrating Industry 4.0 technology into its factories in Juarez, Mexico, and Changzhou, China, enhancing efficiency and sustainability. The company plans to expand its smart factory initiative to three more locations by the end of 2024, including in Austria, Brazil, and the U.S. These efforts are part of Eaton's commitment to modernize its manufacturing footprint, improve product quality, and reduce environmental impact.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:30 pm

ZI

ZoomInfo Technologies Inc. (NASDAQ:ZI) reported Q4 earnings of 26 cents per share, surpassing the consensus estimate of 25 cents, and quarterly sales of $316.4 million, beating estimates of $310.64 million. The company introduced ZoomInfo Copilot, a GenAI-powered solution for revenue teams. ZoomInfo expects Q1 adjusted operating income between $115 million and $117 million, with EPS between 23 and 24 cents, and FY 2024 income between $492 million and $502 million, with EPS between 99 cents and $1.01. Shares surged 19.2% after-hours to $19.10.

Portfolio Pulse from Erica Kollmann

February 12, 2024 | 9:30 pm

OPTT

Ocean Power Technologies (OPTT) has announced receiving orders for its WAM-V Unmanned Surface Vehicles, totaling over $1.25 million. This significant order intake highlights the growing demand for OPTT's innovative marine technology solutions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:15 pm

RVTY

Revvity, Inc. (NYSE:RVTY) announced the launch of Signals ClinicalTM, a SaaS clinical data science platform designed to centralize clinical trial data for faster insights and decisions, aiming to accelerate the market delivery of therapeutics. Integrated with Spotfire for advanced visual analytics, it promises to enhance efficiency and collaboration in clinical research, potentially transforming the pharmaceutical, biotechnology, and contract research industries.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:09 pm

BIIB

Biogen has received approval from the European Commission for SKYCLARYS, a treatment for Friedreich's ataxia, a rare and debilitating disorder. Clinical trials showed SKYCLARYS improved patient function compared to placebo, marking a significant advancement in treatment for this condition.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:07 pm

USDTUSD

Tether CEO Paolo Ardoino, in a recent podcast, expressed optimism about USDT reaching a market cap of $200-$400 billion or even $1 trillion, citing its current $96.5 billion cap and $6.2 billion in 2023 profits. Ardoino highlighted Tether's 100% reserve-backed tokens and a $5.2-billion surplus in corporate reserves. He emphasized the significant usage of USDT in countries like Brazil, Venezuela, Vietnam, and Nigeria, and Tether's focus on blockchain solutions with real-world applications. The article also mentions criticism of stablecoins by New Zealand Central Banker Adrian Orr and U.S. Rep. Maxine Waters' mention of nearing stablecoin regulation in the U.S.

Portfolio Pulse from Khyathi Dalal

February 12, 2024 | 9:05 pm

SQSP

Squarespace has raised its monthly subscription prices by $2-$7 (9-11%) across all four tiers since February 5, leading to a spike in its share price. Analysts have commented positively on this pricing adjustment.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 8:50 pm