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UUP

Economic data released Thursday showed higher-than-expected jobless claims, a decline in housing starts and permits, and a drop in the Philly Fed Index. Treasury yields rose slightly, and the U.S. Dollar Index gained. Futures on major U.S. equity indices traded higher but trimmed gains post-data.

Portfolio Pulse from Piero Cingari

June 20, 2024 | 1:12 pm

DSWL

Deswell Industries reported its H2 FY24 earnings per share (EPS) of $0.26, an increase from $0.16 year-over-year. However, sales decreased to $31.6 million from $33.1 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:12 pm

JBL

Jabil Inc (NYSE: JBL) reported Q3 fiscal 2024 revenue of $6.77 billion, beating estimates but down 20.2% year-on-year. Adjusted EPS of $1.89 also surpassed expectations. Despite declines in DMS and EMS segments, the company is optimistic about growth in AI datacenters and EV markets. Q4 revenue is expected to be between $6.3 billion and $6.9 billion, with adjusted EPS of $2.03 to $2.43. FY24 guidance remains strong. JBL shares are down 5.53% premarket.

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 1:12 pm

TTEK

Tetra Tech has been awarded an $85 million contract increase by USAID to enhance energy security in Moldova. The company provides high-end consulting and engineering services in water, environment, and sustainable infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:03 pm

TXG

10x Genomics has started commercial shipments of its Xenium Prime 5K Pan-Tissue and Pathways panel.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:02 pm

VNCE

Analysts have provided mixed ratings for Vince Holding (NYSE:VNCE) over the past three months, with all four ratings being bullish. The average 12-month price target remains at $3.00. Vince Holding faces challenges with a revenue decline of -17.52% and high debt levels, but maintains strong net margins and ROE.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 1:00 pm

ACI

KR

Kroger Company (NYSE:KR) shares surged after reporting strong Q1 earnings, with adjusted FIFO operating profit of $1.499 billion and sales of $45.3 billion, beating expectations. Digital sales grew by over 8%, and the company reported adjusted EPS of $1.43, surpassing the consensus of $1.34. Kroger paused its share repurchase program to focus on de-leveraging following its proposed merger with Albertsons Companies, Inc. (NYSE:ACI).

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 12:59 pm

CRON

Cronos Group has announced a $51 million investment in GrowCo's expansion, including a secured credit facility to fund the growth of a cannabis facility. Cronos will gain an option to purchase up to 70% of the expanded facility's production, and financial consolidation of the joint venture will begin in Q3 2024. Additionally, the GrowCo board will expand with three Cronos-appointed members.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:59 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) reported a 20% year-over-year increase in global medical cannabis net revenue for Q4 2024, driven by higher sales in Australia and Europe. The company expects further growth in Q1 2025 due to regulatory reforms in Germany and continued strength in European markets.

Portfolio Pulse from Jelena Martinovic

June 20, 2024 | 12:59 pm

SPGI

S&P Global Market Intelligence has updated its S&P Capital IQ Pro platform, adding over 19.4 million fixed income securities with comprehensive reference data, pricing, and analytics. The update also includes GenAI-powered earnings transcript summarization and enhanced private markets and segment data.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:54 pm