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ITRI

Itron (NASDAQ:ITRI) reported Q4 adjusted EPS of $1.23, surpassing the $0.75 estimate, and sales of $577.17M, exceeding the $570.23M estimate. This represents a 73.24% increase in earnings and a 23.46% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:31 pm

ALVO

Alvotech's stock price increased following the announcement that the FDA has approved its arthritis treatment. This approval marks a significant milestone for Alvotech, potentially opening up a large market for its newly approved medication.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:30 pm

KRYS

Krystal Biotech shares are trading higher following the announcement of financial results that exceeded expectations.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:29 pm

RCM

R1 RCM shares surged following an acquisition offer valued at $13.75 per share, indicating a significant market event for the company.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:27 pm

FRPT

Freshpet shares surged following the announcement of their financial results for 2024, which exceeded market expectations.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:25 pm

SQNS

Sequans Communications S.A. (NYSE:SQNS) announced the termination of a Memorandum of Understanding with Renesas, which had proposed a tender offer for all Sequans' shares. Despite this, Sequans remains optimistic about its future, citing strong customer relationships, technological capabilities, and a growing revenue pipeline. The company is exploring strategic options and will provide a business outlook during its Q4 and full-year 2023 earnings call on March 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:24 pm

PDD

PDD shares are trading lower due to a report that US lawmakers are urging government agencies to limit the company's product exports to the US. This development could potentially impact PDD's revenue and market presence in the US, leading to investor concerns over future growth prospects.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:24 pm

TEVA

Teva Pharmaceutical Industries Ltd. shares are experiencing an uptick following the announcement of FDA approval for its new arthritis treatment.

Portfolio Pulse from Luke J Jacobi

February 26, 2024 | 1:22 pm

ONDS

Ondas Holdings has announced its preliminary financial results for FY23, reporting a revenue of $15.7 million, which surpasses the estimated $14.989 million.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:19 pm

COST

FRPT

WMT

As of Feb. 26, 2024, Freshpet, Inc. (FRPT), Walmart Inc. (WMT), and Costco Wholesale Corporation (COST) in the consumer staples sector are considered overbought based on their RSI values, indicating potential short-term performance concerns. Freshpet's recent earnings beat and Walmart's Q4 FY24 sales growth have contributed to their stock gains, while Costco's January sales increase supports its positive momentum.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 1:18 pm