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SY

So-Young's subsidiary, Wuhan Miracle, has submitted application documents for an IPO on the Beijing Stock Exchange in China. This move could indicate an expansion and growth phase for Wuhan Miracle, potentially impacting So-Young's financials and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:33 am

ZURA

Zura Bio reported Q4 EPS of $(0.18), surpassing the $(0.25) estimate, marking a significant improvement from the $(2.87) per share loss in the same quarter last year. The company's cash position of $103.9M is expected to fund development and operations into 2026.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:32 am

FNV

First Quantum Minerals, partner of Franco-Nevada, announced that its subsidiary Minera Panama has started to scale down ore processing operations at the Cobre Panama Mine. This update could potentially affect Franco-Nevada's interests in the mine.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:22 am

HSIC

Henry Schein has updated its FY23 sales forecast, now expecting a decrease of 1%-3% from FY22, revising the previous guidance of 1%-3% growth. This change is primarily attributed to the impact of a recent cybersecurity incident.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:13 am

HSIC

Henry Schein has updated its adjusted EPS guidance, narrowing the range for its underlying business to $4.43-$4.7 from the previous guidance of $5.18-$5.35. This revision reflects the impact of softening macroeconomic conditions and is compared to an estimated $5.20.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:12 am

AUDC

CART

HSIC

HUT

ICL

MVST

PLUG

VERV

In Monday's pre-market session, U.S. stock futures were mostly lower, with Nasdaq futures down about 50 points. Verve Therapeutics (VERV) shares dropped after announcing first human proof-of-concept data for VERVE-101, despite a narrower Q3 loss. Plug Power (PLUG) tumbled following poor Q3 results and a going concern warning. Instacart (CART) declined after a previous gain, despite increased Q3 revenue. Henry Schein (HSIC) fell post Q3 results. ICL Group (ICL) dropped even with better-than-expected earnings. Hut 8 Mining (HUT) saw a decline amidst merger progress with US Bitcoin Corp. Microvast Holdings (MVST) decreased despite beating revenue estimates. AudioCodes (AUDC) also fell in pre-market trading.

Portfolio Pulse from Lisa Levin

November 13, 2023 | 11:12 am

GRVY

GRAVITY Co. (GRVY) reported a significant increase in Q3 earnings and sales compared to the same period last year. Earnings per share rose by 90.74% to $3.09 from $1.62, while sales surged by 82.75% to $130.69 million from $71.51 million.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:12 am

TSLA

Gary Black, Future Fund Managing Partner, believes Tesla's potential $25K Model 2 could be a game changer, similar to Apple's iPhone, and could lead to the capitulation of ICE competitors. He suggests the Model 2 will be a high-quality, mass-producible EV at a profit, which could crush ICE viability. Tesla's volume has decreased this year, and a cheaper, high-volume car like the Model 2 is seen as necessary to boost sales and protect margins. Ron Baron, a Tesla bull, predicts Tesla will build its $25,000 EV within 18 months. Tesla's stock was slightly up in premarket trading.

Portfolio Pulse from Shanthi Rexaline

November 13, 2023 | 11:08 am

TNDM

David B. Berger, COO of Tandem Diabetes Care, will step down from his position effective December 31, 2023, according to a recent filing. Berger is expected to provide advisory services to Tandem throughout 2024, with terms of any agreement to be disclosed in a subsequent filing.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:08 am

HSIC

Henry Schein (NASDAQ:HSIC) reported Q3 earnings with an EPS of $1.32, exactly in line with estimates. Revenue increased by $95 million compared to the same period last year. In the previous quarter, HSIC beat EPS estimates by $0.06, leading to a slight share price increase the following day. Historical earnings and revenue figures were also provided for comparison.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 11:05 am