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LYEL

Lyell Immunopharma (NASDAQ:LYEL) experienced a significant decrease in sales, reporting $3,000 for the quarter, down 95.38% from $65,000 in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:06 pm

IVP

Inspire Veterinary Partners has announced a 1-for-100 reverse stock split, a move that will consolidate shares and potentially increase the stock price by reducing the number of shares available. This action is often taken by companies seeking to boost their share price to meet exchange listing requirements or to improve perceptions of their stock.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:04 pm

LINC

Lincoln Educational Services (LINC) reported Q1 earnings with a per-share loss of $(0.01), surpassing the expected $(0.06) loss. Sales reached $103.37M, exceeding the $100.87M forecast, marking an 18.42% increase from last year's $87.28M.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:03 pm

NSC

Norfolk Southern Corporation (NYSE:NSC) received strong support from key customers against Ancora's management overhaul plan. Customers like Lincoln Energy Solutions and Centennial Energy, among others, praised CEO Alan Shaw's leadership and the company's strategy, emphasizing its importance for service efficiency, safety, and the US economy. A survey by Stephens Inc. also showed overwhelming customer support for Norfolk Southern's current direction, with concerns that Ancora's proposals could harm service levels and long-term value.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:03 pm

ALLR

Allarity Therapeutics has surpassed Nasdaq's minimum equity requirement and has requested a voluntary withdrawal of its Form S-1. This move indicates the company's improved financial position and its decision to not proceed with the previously planned public offering.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:02 pm

AESI

Atlas Energy Solutions (AESI) reported Q1 2024 earnings of $0.26 per share, missing the consensus estimate of $0.36. Sales were $192.667M, below the estimate of $203.377M but represent a 25.58% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:02 pm

IR

Ingersoll Rand (NYSE:IR) received varied analyst ratings, with an updated average 12-month price target of $99.00, marking a 7.9% increase from the previous target. Analysts from firms like Baird, Citigroup, and Barclays have raised their price targets, reflecting a positive outlook on the company's performance. Despite this, Ingersoll Rand faces challenges with a revenue decline of -8.31% as of March 31, 2024, and below-average net margin and ROE, indicating potential hurdles in profitability and efficiency.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 12:00 pm

SWI

SolarWinds (NYSE:SWI) has been the subject of diverse analyst opinions over the past quarter, with all four recent ratings being indifferent. Despite this, the 12-month price targets suggest an upward trend, with an average target of $14.00, marking a 10.5% increase from the previous average of $12.67. Analysts from Baird, Truist Securities, and RBC Capital have adjusted their price targets, reflecting changing market dynamics and company performance. SolarWinds, an IT management software provider, faces challenges in market capitalization, revenue growth, net margin, ROE, and ROA, indicating potential difficulties in maintaining profitability and operational efficiency.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 12:00 pm

MCHP

Microchip Technology Incorporated (NASDAQ:MCHP) is set to release its Q4 earnings on May 6, with expectations of earnings at 57 cents per share, down from $1.64 the previous year, and revenue projected at $1.33 billion, down from $2.23 billion. The company recently acquired Neuronix AI Labs, terms undisclosed. Shares rose 2.1% to $91.36. Analysts have updated their ratings, with price targets ranging from $77 to $106.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 11:59 am