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S

SentinelOne, Inc. (NYSE:S) shares surged over 18% in pre-market trading following the release of their Q3 results, which exceeded analyst expectations. The company reported $164.2 million in revenue, surpassing the $156.09 million estimate, and an adjusted loss of 3 cents per share, better than the expected 8 cents per share loss. SentinelOne also increased its full-year 2024 revenue forecast from $605 million to $616 million.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 1:32 pm

SPY

The United States has imported goods worth $323.00 billion, a slight increase from the prior value of $322.70 billion.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 1:32 pm

IDCC

InterDigital, Inc. has announced an increase in its share repurchase authorization to $300 million. This move indicates the company's confidence in its financial stability and future prospects. Share repurchases often signal to investors that the company believes its stock is undervalued and is a way to return value to shareholders. The increased buyback program could potentially lead to a reduction in the number of outstanding shares, possibly resulting in an earnings per share (EPS) boost and a positive impact on the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 1:31 pm

BF

Brown Forman Inc Class B Common Stock (NYSE:BF) reported Q2 earnings with an EPS of $0.5, missing estimates by 1.96% against the expected $0.51. Revenue increased by $13 million from the previous year. The company's past earnings performance shows a history of mixed results, with the last quarter's EPS miss leading to a 0.54% share price drop the following day.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 1:30 pm

BTBT

Bit Digital Inc (NASDAQ:BTBT) shares are up after the company reported a 24% increase in Bitcoin production for November, with 142.7 Bitcoin mined. The company's active hash rate was 2.25 EH/s, and it owns 551.8 Bitcoin and 16,064.8 Ethereum. Bit Digital also has $14.9 million in cash and equivalents and has received a prepayment for its first AI business contract, expecting $35-37 million in revenue in 2024. The rise in Bitcoin's price, crossing $40,000, may also be contributing to BTBT's share price increase.

Portfolio Pulse from Adam Eckert

December 06, 2023 | 1:29 pm

KFY

Korn Ferry (NYSE:KFY) reported a slight decline in Q2 FY24 total revenue but beat consensus estimates. Despite a significant drop in operating income and margin, the company increased its quarterly dividend by 83%. KFY expects higher adjusted EPS for Q3 than consensus and shares are up 6.33% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 06, 2023 | 1:28 pm

DOGEUSD

SHIBUSD

SOLUSD

BONK, a new dog-themed token on the Solana blockchain, has surged 80.9% in the past week, reaching a market cap of $497.8 million and becoming the third-largest dog-themed token. Dogecoin (DOGE) and Shiba Inu (SHIB) remain the top two by market cap, with gains of 27.2% and 19.1% respectively. FLOKI and Baby Dogecoin also saw significant gains. The rise of BONK is attributed to the Solana blockchain's efficiency and lower transaction costs, with SOL itself rising by 56% over the last month.

Portfolio Pulse from Murtuza Merchant

December 06, 2023 | 1:25 pm

JG

Aurora Mobile Limited ADS (JG) will resume trading at 9:00 a.m. ET after a trading halt.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 1:24 pm

NVS

The FDA has approved Novartis AG's Fabhalta for adult patients with paroxysmal nocturnal hemoglobinuria (PNH), marking it as the first oral monotherapy for this rare blood disorder. Clinical trials showed that Fabhalta increased hemoglobin levels and reduced the need for blood transfusions. Novartis developed Fabhalta, which will be available in the U.S. in December. NVS shares closed at $96.98 on Tuesday.

Portfolio Pulse from Vandana Singh

December 06, 2023 | 1:18 pm

ODFL

Old Dominion Freight Line Inc (NASDAQ:ODFL) reported a 0.9% Y/Y decline in revenue per day for November 2023, driven by a 2.3% drop in LTL tons per day, despite higher LTL revenue per hundredweight. The decrease in LTL tons per day was due to a 2.9% decline in LTL weight per shipment. Quarter-to-date, LTL revenue per hundredweight was up 3.1%, and excluding fuel surcharges, up 7.6%. The company attributes the revenue decrease to a soft domestic economy but notes improvement in yield metrics and a slight increase in LTL shipments per day. In Q3 FY23, revenue fell 5.5% Y/Y to $1.515 billion, slightly below consensus, while EPS of $3.09 exceeded expectations. ODFL shares closed down 2.16% at $394.79 on Tuesday.

Portfolio Pulse from Lekha Gupta

December 06, 2023 | 1:16 pm