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ORCL

Oracle Corporation's stock is trading lower following the release of their mixed financial results for the second quarter. The company's performance did not align with market expectations, which has led to a negative reaction in the stock market.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:25 pm

BLBD

Blue Bird Corporation (NASDAQ:BLBD) reported Q4 earnings with an EPS of $0.66, surpassing the estimate of $0.48 by 37.5%. Revenue increased by $45.29 million compared to the same period last year. Despite beating EPS estimates last quarter, the share price fell by 3.93% the following day. The company's past earnings performance shows mixed results with both beats and misses in previous quarters.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 9:25 pm

EBAY

Topps, owned by Fanatics, is releasing a 2023 Bowman Draft baseball box featuring rare and autographed cards of NFL legend Tom Brady in a Montreal Expos jersey. Fanatics CEO Michael Rubin announced the inclusion of Brady's 'first-ever official' baseball cards. An anonymous collector has offered a $500,000 bounty for a specific gold autograph card. The release has sparked significant interest in the sports card market, with non-auto cards already appearing on eBay. Odds of pulling a Brady card vary, with autographed versions being particularly rare.

Portfolio Pulse from Chris Katje

December 11, 2023 | 9:24 pm

APO

SNCY

Sun Country Airlines Holdings, Inc. (SNCY) announced a secondary public offering of 4 million shares by an Apollo Global Management affiliate. The underwriters have an option to buy an additional 600,000 shares. Sun Country Airlines will not sell any shares nor receive proceeds from the offering. Concurrently, Sun Country Airlines will repurchase approximately $5 million of its stock at the same price as the offering, reducing the availability under its repurchase program. The repurchase will be funded from existing cash. Barclays and Morgan Stanley are the joint bookrunners and underwriters.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:23 pm

NIO

NIO Inc. (NYSE:NIO) shares rose by over 4% on Monday, rebounding from last week's pullback. The increase began in early December after a positive third-quarter earnings report and forecast. The recent rise was further supported by reports of a potential spin-off of its battery manufacturing unit. However, last week's decline was due to considerations of further job cuts to reduce costs and improve efficiency, following a previous announcement of a 10% workforce reduction.

Portfolio Pulse from Ryan Gustafson

December 11, 2023 | 9:22 pm

SAIC

SAIC announced a reorganization of its business structure, effective February 3, 2024. The company will form five new business groups to replace its two current business sectors. This strategic move is aimed at enhancing operational efficiency and better aligning with market demands.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:22 pm

PTHR

Horizon Aircraft and Pono Capital Three, Inc. (NASDAQ: PTHR, PTHRU, PTHRW) are set to complete a business combination that was announced on August 15, 2023. The combined entity will trade on NASDAQ under the ticker 'HOVR'. Additionally, Brian Merker has been appointed as CFO of Robinson Aircraft, which is doing business with Horizon Aircraft.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:19 pm

BLBD

Blue Bird Corporation (NASDAQ:BLBD) reported Q4 earnings of $0.58 per share, surpassing the consensus estimate of $0.48 by 20.83% and marking a significant turnaround from a loss of $(0.66) per share in the same quarter last year. Sales for the quarter were $302.96 million, exceeding expectations by 4.43% and representing a 17.58% increase from the previous year's figure of $257.67 million.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:19 pm

NOTV

Inotiv (NASDAQ:NOTV) reported Q4 earnings with an EPS of $-0.38, missing estimates by 15.15% against the expected $-0.33. Revenue decreased by $9.73 million compared to the same period last year. The previous quarter's earnings beat led to a 35.63% drop in share price the following day. Historical earnings performance shows mixed results over the past four quarters.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 9:15 pm

LCID

Lucid Motors announced the immediate resignation of CFO Sherry House, who is leaving to pursue other opportunities. Gagan Dhingra will take over as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:10 pm