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HAIN

Hain Celestial Group, Inc. (NASDAQ:HAIN) shares surged 7% after reporting Q3 earnings that exceeded analyst expectations with an EPS of 13 cents versus the consensus of 7 cents. However, quarterly revenues of $438.358 million missed forecasts by falling 3.7% year over year. The company saw a decline in North America net sales by 6.5% but a slight increase in International net sales by 1.0%. Adjusted EBITDA rose 17.5% year-over-year to $43.8 million. The company revised its FY24 outlook, expecting a 3-4% decline in organic net sales and adjusted EBITDA between $150 million and $155 million, slightly down from the prior view.

Portfolio Pulse from Nabaparna Bhattacharya

May 08, 2024 | 2:24 pm

VIV

Telefonica Brasil's shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:23 pm

CZOO

Trading of Cazoo shares has been temporarily halted pending the release of news related to the company, indicated by a 'code news' alert. This action typically precedes significant announcements that could impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:19 pm

LAZR

TSLA

Luminar Technologies Inc (NASDAQ:LAZR) reported Q1 earnings with a revenue of $20.97 million, slightly missing estimates but up 45% year-over-year. The company revealed Tesla Inc (NASDAQ:TSLA) as its biggest LiDAR customer for the quarter. Despite a sequential revenue decline and negative cash flows, Luminar's stock jumped 12.7% following the announcement. The company anticipates stronger revenue in the second half of the year as it ramps up production.

Portfolio Pulse from Adam Eckert

May 08, 2024 | 2:19 pm

POWL

Powell Industries (NYSE:POWL) has seen a 20.14% increase in short interest since its last report, with 1.40 million shares sold short, representing 17.78% of its float. This places it above its peer group average of 11.39% in short interest. The rise in short interest suggests a bearish market sentiment, but it's also noted that an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:15 pm

EBS

Emergent BioSolutions (NYSE:EBS) has seen a 23.58% decrease in short interest, now at 5.89 million shares or 13.77% of float, taking 5.53 days to cover. This decline in short interest could indicate a more bullish sentiment towards EBS compared to its peers, where the average short interest is 7% of float.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:15 pm

TSN

Tyson Foods (NYSE:TSN) has seen a decrease in short interest, with the short percent of float falling 16.06% to 1.62% of all shares available for trading. The current short interest stands at 4.03 million shares, requiring approximately 1.83 days for traders to cover their short positions. This decline in short interest may indicate a more bullish sentiment towards TSN compared to its peers, where the average short interest as a percentage of float is 4.24%.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:15 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares dropped after announcing the opening of a new HYLA high-pressure modular refueling station in Southern California and reporting a decrease in first-quarter sales from $10.7 million a year ago to $7.5 million. The company also delayed the delivery timeline for its reworked battery trucks to the end of 2024. Despite these challenges, Nikola maintains a dominant market share of HVIP vouchers for Class 8 FCEVs.

Portfolio Pulse from Nabaparna Bhattacharya

May 08, 2024 | 2:11 pm

EMR

GAST

MAKX

Emerson Electric Co (NYSE:EMR) reported a Q2 FY24 earnings beat with net sales growth of 17% Y/Y to $4.38 billion, surpassing the consensus of $4.29 billion. Adjusted EPS rose 25% Y/Y to $1.36, beating the $1.25 consensus. The company also tightened its FY24 sales growth outlook to 15%-16% and adjusted its EPS forecast to $5.40-$5.50. Emerson declared a quarterly dividend of $0.525 per share. Shares are trading lower despite the positive report. Investors can also gain exposure through ProShares S&P Kensho Smart Factories ETF (NYSE:MAKX) and Gabelli Automation ETF (NYSE:GAST).

Portfolio Pulse from Lekha Gupta

May 08, 2024 | 2:05 pm

ABNB

Airbnb, Inc. (NASDAQ:ABNB) is set to release its Q1 earnings after the market closes on May 8, with analysts forecasting an increase in earnings per share from 17 cents to 24 cents, and revenue to rise from $1.82 billion to $2.06 billion year-over-year. The company previously reported a 17% increase in Q4 revenue year-over-year, beating consensus estimates. Ahead of the earnings call, analysts from Mizuho, Tigress Financial, Wells Fargo, B of A Securities, and Truist Securities have updated their ratings and price targets for Airbnb.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 2:03 pm