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Revenues

HD

Home Depot Inc (NYSE:HD) reported FY23 sales of $37.71 billion, surpassing analyst estimates of $35.66 billion, despite a 3% year-on-year decline. Customer transactions decreased by 2.4%, and comparable sales fell by 3.1% overall, with a 3.5% drop in the U.S. Gross profit decreased by 3.7% to $12.7 billion, and operating income fell 12.1% to $5.4 billion. Operating expenses rose by 3.6% to $7.3 billion. EPS of $3.81 beat the consensus of $3.58. The company revised its sales and comparable sales forecast to a decline of 3%-4% and expects an EPS decline of 9%-11% for FY23. Home Depot's stock rose by 6.12% to $305.70.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 3:30 pm

COIN

Katherine Wu, a shareholder in Coinbase, revealed during the Q3 shareholder meeting that 52 million people own cryptocurrency, with ownership rates increasing among younger demographics.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:17 pm

VOD

Vodafone Group Plc (NASDAQ:VOD) reported a 4.3% YoY revenue decline to €21.94 billion in H1 FY24, attributed to FX movements and asset disposals. Service revenue fell 3.1% YoY to €18.62 billion. Adjusted EPS was €0.03, and operating profit dropped 44.2% YoY to €1.66 billion. Adjusted EBITDAaL was down to €6.4 billion, with a slight organic growth of 0.3%. The company used €(1.47) billion in adjusted free cash flow and reduced 2,700 roles. The interim dividend was maintained at €.0450 per share. Vodafone reiterated its full-year outlook for adjusted EBITDAaL and free cash flow. VOD shares fell 1.94% to $9.34.

Portfolio Pulse from Anusuya Lahiri

November 14, 2023 | 2:56 pm

AUVI

BCDA

INVO

KBNT

SKIN

THRX

U.S. stocks traded higher with the Dow Jones gaining around 400 points. The NASDAQ surged 2.03% and the S&P 500 rose 1.61%. U.S. annual inflation rate slowed to 3.2% in October, below market estimates. BioCardia, Inc. soared 243% after FDA approval for a clinical trial. INVO Bioscience and Theseus Pharmaceuticals also saw significant gains. The Beauty Health Company, Kubient, Inc., and Applied UV faced sharp declines after negative reports. Oil and gold prices increased, while European and Asian markets showed mixed results.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 2:50 pm

PSHG

Performance Shipping Inc. (NASDAQ:PSHG) has agreed to sell its 2007-built Aframax tanker vessel M/T P. Kikuma for $39.3 million, expecting to record a gain of approximately $17.3 million in Q4 2023. The sale will reduce the average age of the company's fleet and support its fleet renewal strategy, including financing for a new LNG-ready Aframax tanker scheduled for delivery in 2025.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:30 pm

ONON

On Holding AG (NYSE:ONON) shares fell despite Q3 earnings and sales beating estimates and raising FY23 revenue outlook. Q3 adjusted EPS was $0.226, above the $0.16 estimate, and sales were $543.746 million, surpassing the $515.37 million consensus. Sales grew 46.5% Y/Y, with increased gross profit and margin. However, adjusted EBITDA margin slightly decreased, and the company anticipates reduced growth from new wholesale channel doors starting Q4 due to strategic closures in the EMEA region. Early holiday shipments will also affect Q4, making comparisons difficult. FY23 net sales outlook was raised to CHF 1.79 billion, with a gross profit margin expectation of at least 59.0%. ONON shares dropped 3.24% to $25.70 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 2:16 pm

IVDA

Iveda (NASDAQ:IVDA) has successfully delivered a $200,000 contract with Waymark Gardens, providing AI and IoT-enabled telehealth and fall detection technology to support residents. The IvedaCare kits include IvedaAI appliance hardware and software, along with proprietary IoT-enabled sensors and devices. This follows an eight-year Veteran Affairs contract worth $1.032 billion, positioning IvedaCare for potential expansion to 4,000 additional care facilities. IvedaCare's AI-driven software assists short-handed care providers by learning user patterns and reducing false alarms, while offering real-time alerts to families through the Trusted Circle app. Waymark Gardens aims to use this technology as a model for future senior living facilities.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:11 pm

SHIP

Seanergy Maritime Holdings has fixed approximately 59% of its fleet's expected operating days for Q4 at an estimated Time Charter Equivalent (TCE) rate of around $21,640.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:05 pm

SCHW

The Charles Schwab Corporation (SCHW) reported its October 2023 Monthly Activity highlights, including core net new assets of $16.1 billion excluding Ameritrade clients and $11.3 billion total. Client assets reached $7.65 trillion, up 9% year-over-year but down 2% from September. Client cash and bank deposits totaled $397.9 billion. The company aims to enhance transparency by providing additional data in its Monthly Activity Report Supplement.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:04 pm

META

ByteDance, the Chinese owner of TikTok, experienced a revenue surge of over 40% to $29 billion in the second quarter, outpacing the growth of other advertising-powered internet companies. In comparison, Meta Platforms, the owner of Facebook, saw an 11% increase in revenue to $32 billion in the same period, indicating ByteDance is closing the revenue gap with Meta.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:02 pm