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GCO

Genesco Inc reported a 4% year-over-year decrease in Q3 comparable sales, with physical store sales down 7% and direct sales up 8% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:58 am

FUBO

Needham analyst Laura Martin has reiterated a Buy rating on FuboTV (NYSE:FUBO) and maintained a $4 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:57 am

TU

TELUS Corp (NYSE:TU) has acquired new 3800 MHz spectrum licenses across Canada for $620 million, increasing their average national spectrum to 72 MHz. This acquisition, combined with the 3500 MHz spectrum from 2021, gives TELUS around 100 MHz of 5G mid-band spectrum with 96% contiguity, including all major markets. The company's Q3 FY23 operating revenues grew by 7.2% to C$5.01 billion, but adjusted EPS fell to C$0.25 from C$0.34 a year ago. TELUS shares closed up 2.11% at $17.91.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 11:56 am

TSLA

Tesla Inc (NASDAQ:TSLA) showcased a bulletproof test of its Cybertruck, which survived a barrage from a Tommy gun, a 9mm Glock, and a 9mm MP5-SD without cabin penetration. The demo was part of the Cybertruck delivery event at Gigafactory Texas. CEO Elon Musk highlighted the vehicle's stainless steel exoskeleton, which is bulletproof to .45 caliber and 9mm handguns, though the window glass is not fully bulletproof. The Cybertruck is marketed as a durable and robust vehicle, akin to an armored personnel carrier from the future.

Portfolio Pulse from Anan Ashraf

December 01, 2023 | 11:55 am

GCO

Genesco Inc. (NYSE:GCO) reported Q3 adjusted earnings per share (EPS) of $0.57, falling short of the $0.82 estimate, a 30.49% miss. Year-over-year, this represents a 65.45% decrease from the $1.65 EPS reported in the same quarter last year. Quarterly sales were $579.32 million, also below the expected $588.60 million, marking a 1.58% miss and a 4.05% decline from the previous year's sales of $603.79 million.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:51 am

BNTX

JP Morgan analyst Jessica Fye has downgraded BioNTech (BNTX) from Neutral to Underweight and reduced the price target from $106 to $99.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:48 am

RCI

Rogers Communications Inc (NYSE:RCI) has acquired 3800 MHz spectrum in Canada's third 5G auction, enhancing its 5G network with more coverage, speed, and capacity. This acquisition complements its existing 3500 MHz 5G spectrum and aims to extend coverage to rural and Indigenous communities. The company has a history of reinvesting profits into Canada, with over $40 billion invested since 1985. RCI's commitment to building a robust 5G network is reflected in its recent activation of 5G service in the TTC subway system. RCI reported a 36% year-over-year revenue growth in Q3, with C$5.09 billion in revenue and C$2.53 billion in cash reserves. RCI's stock price saw a 2.01% increase to close at $43.10 on Thursday.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 11:43 am

MKTW

UBS analyst Alex Kramm has downgraded Marketwise (NASDAQ:MKTW) from Buy to Neutral while increasing the price target from $3 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:43 am

NTIOF

National Bank of Canada (OTC:NTIOF) reported Q4 earnings with an EPS of $1.69, beating estimates by 1.81% and showing a revenue increase from the previous year. Despite a miss in the last quarter's EPS, the current report reflects a positive earnings surprise.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 11:40 am

REE

Cantor Fitzgerald analyst Andres Sheppard has downgraded REE Automotive (NASDAQ:REE) from Neutral to Underweight and set a price target of $4.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:37 am