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Revenues

TBLA

Benchmark analyst Mark Zgutowicz reiterated a Buy rating for Taboola.com Ltd (NASDAQ:TBLA) with a $6 price target. Taboola's new ad products, including Max Conversions, GenAI, and Data Marketplace 2.0, are expected to boost revenues. The company expects more than 50% of 2024 estimated revenue from Max Conversions. The Yahoo! integration has started to scale up with positive feedback from advertisers. The analyst projects Q3 revenue of $338.4 million vs. consensus $345.06 million.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 7:16 pm

PLUG

Plug Power CEO Andy Marsh appeared on CNBC to discuss the company's projections and the day's stock movement following revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:53 pm

ADBE

AMZN

Amazon.com Inc has initiated its fall sale for Prime members, with purchases of low-cost items dominating. The average spend during the first eight hours of the sale was $38, a 2% increase from the previous year. The data reveals a consumer focus on affordability, with about 60% of items sold costing less than $20. This cautious spending can be attributed to persistent inflation and increasing debt obligations. However, Adobe Inc projects a 4.8% rise in U.S. online sales to $222 billion during November and December.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 6:30 pm

VALN

Valneva SE (NASDAQ:VALN) will present on the mosquito-borne chikungunya disease at several leading scientific conferences during Q4 2023. The presentations will cover various aspects of the disease, including its global threat, economic burden, and potential vaccination strategies. The global market for vaccines against chikungunya is estimated to exceed $500 million annually by 2032.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 3:46 pm

SILK

Silk Road Medical has announced preliminary Q3 revenue results that are below estimates. The company also issued FY23 revenue guidance that is lower than expected.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 3:45 pm

PLUG

Plug Power shares are trading higher after the company announced it expects to generate roughly $6 billion in revenue by 2027. Additionally, the government is reportedly preparing to announce $7 billion in grants for hydrogen projects.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:41 pm

AAL

American Airlines Group Inc (NASDAQ:AAL) shares are trading higher by 2.7% to $12.58 during Wednesday's session. The airline has suspended its flights to Israel due to the ongoing conflict, which could lead to an immediate loss of revenue and impact the company's financial performance. If the conflict continues, it could create further uncertainty for the company's operations and financial implications.

Portfolio Pulse from Henry Khederian

October 11, 2023 | 2:39 pm

DAL

Delta Air Lines, Inc. (NYSE:DAL) shares are trading higher by 2% to $36.44. The airline's stock has been volatile due to the Israel-Hamas conflict, which has led to U.S. airlines suspending flights to Israel, causing potential revenue loss. Geopolitical conflicts can also affect the overall health of the airline industry, influencing airline stocks.

Portfolio Pulse from Henry Khederian

October 11, 2023 | 2:33 pm

BIDU

BIRK

COST

GOOG

GSK

HUM

LVMHF

MGM

MNKTQ

NVO

QABSY

TPST

WBA

Several companies are in the news for various reasons. Alphabet and Discord are facing ethical concerns over Google's AI chatbot, Bard. MGM Resorts snubbed hackers' ransom demands after a cyberattack. Costco is accused of sharing confidential health data with Meta Platforms. Humana has appointed a new CEO. Novo Nordisk has stopped a kidney trial due to early signs of efficacy. Walgreens has appointed a new CEO. GSK has settled a lawsuit. LVMH reported a 9% organic revenue growth in Q3. Qantas Airways is overhauling its board. Tempest Therapeutics' stock soared after positive results from a clinical trial. Tech giants Baidu, Huawei, and Alibaba are setting standards for autonomous driving in China. Blackstone is in talks to acquire a stake in Disney's Indian subsidiary. Mallinckrodt's bankruptcy plan was approved. Birkenstock has priced its IPO.

Portfolio Pulse from Vandana Singh

October 11, 2023 | 1:36 pm

IOT

Samsara Inc. (NYSE:IOT) has announced its growth in the U.S. public sector, with the City of Houston being the latest to digitize its operations using Samsara's Connected Operations Cloud. The company's platform is being used to increase service transparency, sustainability, and safety, and to take data-informed actions. Other customers include the State of New Jersey, City of Fresno, and Hernando County. Samsara's recent fiscal quarter results showed that two of its top-five new customers and two of its top-five expansion deals were within the public sector.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:07 pm