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OTEX

Open Text shares dropped following a downgrade by BMO Capital from Outperform to Market Perform, with a price target reduction from $50 to $38.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:36 am

FUBO

FuboTV shares are trading higher after the company reported better-than-expected earnings for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:35 am

PAGP

Plains GP Holdings (NASDAQ:PAGP) reported Q1 2024 earnings of $0.21 per share, missing the $0.34 estimate, a 40% decrease from last year. Sales were $11.995B, missing the $12.791B estimate, a 2.8% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:33 am

LNG

Cheniere Energy (AMEX:LNG) reported Q1 2024 earnings of $2.13 per share, missing the $2.16 estimate, a 90.36% decrease from last year. Sales were $4.253B, beating the $3.970B estimate but marking a 41.82% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:33 am

AEON

AEON Biopharma's stock price dropped following the announcement that ABP-450, its Phase 2 trial drug, failed to meet the primary endpoint in preliminary top-line results.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:33 am

TDS

Telephone and Data (NYSE:TDS) reported Q1 2024 earnings of $0.10 per share, surpassing the $(0.08) estimate, marking a 225% increase from the previous year. Sales reached $1.262B, slightly above the $1.256B forecast but showing a 3.15% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:32 am

PAA

Plains All American (PAA) reported Q1 2024 adjusted EPS of $0.41, surpassing the $0.39 estimate, but its sales of $11.995B fell short of the $12.977B estimate, marking a 2.80% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:31 am

OPEN

Opendoor Technologies' stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations, and the company's optimistic revenue guidance for Q2.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:26 am

BA

EADSY

SPR

Airbus SE demands financial compensation from Spirit AeroSystems Holdings Inc to take over its loss-making operations, complicating discussions with Boeing Co. Negotiations are ongoing in New York, with Airbus and Boeing considering a structured deal to divide Spirit's operations. Spirit, a key supplier to both companies, has its operations, including those in Belfast and Kinston, NC, at the center of these discussions. Airbus's shares closed slightly lower.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 11:26 am

AAPL

Apple Inc. CEO Tim Cook announced a $100 billion investment in R&D over the past five years, focusing on AI, ahead of the Worldwide Developers Conference. Despite a lower capital expenditure compared to rivals, Apple is optimistic about its AI strategy. The company's approach includes using its own data centers and third-party capacity. Apple's stock has seen a 10% drop this year but announced a record share buyback program and a smaller-than-expected revenue drop. Challenges in China and competition from Huawei have impacted iPhone sales.

Portfolio Pulse from Benzinga Neuro

May 03, 2024 | 11:22 am