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HRL

Hormel Foods (NYSE:HRL) reported Q1 adjusted EPS of $0.41, surpassing the $0.34 estimate, and sales of $3.00B, exceeding the $2.92B estimate. This represents a 2.5% increase in EPS and a 0.84% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:30 am

AMC

AMC Entertainment shares are trading lower following the release of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:27 am

OKTA

Okta shares surged following the announcement of its Q4 financial results, which exceeded expectations. The company also provided optimistic guidance for Q1 and the full fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:26 am

SUZ

Suzano (NYSE:SUZ) reported Q4 earnings of $0.70 per share, surpassing the $0.69 estimate, with sales of $2.09B exceeding the $1.98B estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:25 am

CELH

Celsius Holdings (NASDAQ:CELH) reported Q4 earnings of $0.17 per share, surpassing the $0.15 estimate, marking a 241.67% increase from last year. Sales reached $347.44M, exceeding the $331.49M estimate, up 95.23% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:23 am

AI

AMC

QQQ

SPY

U.S. stock futures signal a cautious open amid inflation data anticipation, affecting market sentiment and specific stocks. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket declines. Various companies reported earnings, influencing their stock prices, including AMC Entertainment and c3.ai with significant movements. Upcoming economic data and Fed speeches are also in focus, potentially impacting market direction.

Portfolio Pulse from Shanthi Rexaline

February 29, 2024 | 11:22 am

EVRI

IGT

IGT's Global Gaming and PlayDigital businesses are set to merge with Everi, forming a comprehensive global gaming and fintech enterprise valued at approximately $6.2 billion. The merger aims to create a diverse portfolio across land-based, digital, and fintech gaming sectors, promising significant growth and synergy opportunities. The combined entity will be led by IGT CEO Vince Sadusky, with Everi Executive Chairman Michael Rumbolz as the chairman of the board. The deal assigns a $4.0 billion value to IGT's involved businesses and $2.2 billion to Everi.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:22 am

PSNY

Polestar (PSNY) announced that Nanjing Jiangning Economic and Technological Development Zone Industrial Equity Investment Partnership will purchase shares of its joint venture for $208.4M USD.

Portfolio Pulse from Charles Gross

February 29, 2024 | 11:22 am

STER

Sterling Check shares are trading higher following the announcement that the company will be acquired by First Advantage for around $2.2 billion, including outstanding debt.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:20 am

EVRI

Everi Holdings (EVRI) reported Q4 adjusted earnings of $0.30 per share, surpassing the $0.20 estimate by 50%, a 7.14% increase from last year. However, sales of $192M missed the $198.46M estimate by 3.26%, marking a 6.51% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:18 am