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CARR

HON

Honeywell has completed the acquisition of Carrier Global's Global Access Solutions business for $4.95 billion. Following the acquisition, Honeywell has updated its 2024 outlook, including full-year sales, segment margin, and adjusted earnings per share guidance under amended non-GAAP reporting metrics.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:00 am

SAIC

Science Applications International Corporation (SAIC) reported its Q1 2025 adjusted EPS of $1.92, which was in line with expectations. The company also reported sales of $1.847 billion, slightly beating the estimate of $1.844 billion.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:59 am

MSFT

Microsoft Corp. (NASDAQ:MSFT) plans to invest $3.21 billion in AI and cloud infrastructure in Sweden over the next two years. The initiative includes training 250,000 Swedes in AI skills and deploying 20,000 advanced GPUs at data centers in Sandviken, Gavle, and Staffanstorp. This move underscores Microsoft's commitment to AI adoption in the Nordic region.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 10:55 am

LNN

Lindsay Corporation (NYSE:LNN) has secured a multi-year supply agreement worth over $100 million to provide Zimmatic irrigation systems and FieldNET remote management technology in the MENA region. This is the largest project in the company's history and aims to support localized food production.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:48 am

BDX

EW

BD (Becton, Dickinson and Company) expects its acquisition of Edwards Lifesciences' Critical Care business to be immediately accretive to all key financial measures. The deal, valued at approximately $4.2 billion, will be funded with $1 billion in cash and $3.2 billion in new debt.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:36 am

CLDT

Chatham Lodging Trust (NYSE:CLDT) reported a strong 5% RevPAR growth through May, exceeding its second quarter guidance of 2.5% to 4.0%. Key markets like Silicon Valley and Bellevue saw significant growth, with other strong markets including Cherry Creek, Dallas, Greater New York, San Antonio, and San Diego.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:35 am

AULT

Ault Alliance, Inc. (NYSE:AULT) announced a new preferred stock dividend tied to profits from its AI data center and Bitcoin mining operations. Stockholders will receive one share of the new preferred stock for each share of common stock owned. The dividend amount will be determined by the Board and could range from 0.25% to 25% of the face value of the preferred stock, which is $1 per share. The company will seek stockholder approval to increase the number of authorized preferred shares and aims to have the new preferred stock trade on a national exchange.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:31 am

JACK

Jack In The Box has announced new franchise commitments for five locations in Tallahassee and ten locations in Orlando, although specific sites have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:11 am

INAB

IN8bio, Inc. (NASDAQ:INAB) presented promising preliminary clinical data for its gamma-delta T cell therapy, INB-200, at the 2024 ASCO Annual Meeting. The data showed that 92% of patients treated with INB-200 exceeded a median progression-free survival of 7 months, indicating positive treatment effects for glioblastoma.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:08 am

UCAR

U Power has secured a follow-on purchase order from a taxi operator in Jilin, China, for its advanced dual-mode intelligent battery swapping stations. The terms of the order were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:06 am