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BRC

BRC shares are trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:12 pm

RAPT

RAPT Therapeutics shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:11 pm

BYND

BMO Capital analyst Andrew Strelzik has maintained a Market Perform rating on Beyond Meat (NASDAQ:BYND) and lowered the price target from $10 to $9.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:10 pm

CPOP

Pop Culture Group Co., Ltd (NASDAQ:CPOP) shares surged after the company reported a significant year-on-year revenue growth of 113% for the second half of 2023, with consolidated revenues reaching approximately $24 million. The company also transitioned from a gross deficit to a profit, highlighting operational improvements. Future growth is expected from involvement in film, television projects, and the staging of the 'Superstar Concert' series. The company anticipates further development in entertainment and street dance sectors, especially with street dance joining the Olympic Games in 2024.

Portfolio Pulse from Erica Kollmann

May 09, 2024 | 3:09 pm

USFD

US Foods Holding Corp (NYSE:USFD) reported Q1 FY24 sales growth of 4.8% Y/Y to $8.95 billion, surpassing analyst estimates. Adjusted EPS was $0.54, beating expectations. The company reaffirmed its FY24 outlook, expecting adjusted EPS of $3.00-$3.20 and revenue of $37.5-$38.5 billion. Shares rose 4.98% to $54.99. US Foods also completed the acquisition of IWC Food Service for about $220 million.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 3:09 pm

SYRA

Syra Health's stock is trading lower due to the company reporting Q1 earnings per share (EPS) results that were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:07 pm

APP

AppLovin Corp (NASDAQ:APP) shares surged after reporting Q1 financial results that surpassed analyst expectations, with revenue of $1.058 billion, up 48% YOY, and earnings of 67 cents per share. The company's Apps segment revenue increased by 5% YOY, and it reported a significant rise in adjusted EBITDA to $549 million. AppLovin ended the quarter with $436 million in cash and expects full-year 2024 revenue between $1.06 billion and $1.08 billion. Following the report, analysts from Goldman Sachs, Wedbush, Stifel, and Needham updated their price targets on APP stock.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 3:07 pm

MULN

Mullen Automotive Inc (NASDAQ:MULN) announced it has been granted Foreign Trade Zone status for its Mississippi manufacturing center by the U.S. Department of Commerce, offering significant financial benefits including duty deferments and exemptions. This approval is expected to enhance Mullen's competitive position by improving cash flow and reducing operational costs. The announcement follows a series of positive developments for Mullen, including a partnership with National Auto Fleet Group and a service agreement through its subsidiary Bollinger Motors, contributing to a 19% stock rally on Wednesday.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 3:07 pm

PAL

Proficient Auto Logistics (PAL) IPO was priced at $15/share for 14.33 million shares, but is indicating an opening price of $14/share on 270,161 shares.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:06 pm

SVCO

Silvaco Group's IPO was priced at $19 per share, with an offering of 6 million shares. However, the price indication has risen to $21 per share on 404,050 shares.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:05 pm