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EDU

New Oriental Education's shares dropped due to a miss in their Q3 earnings per share (EPS) expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:24 am

SIRI

Sirius XM Holdings' stock trades higher following an upgrade from Hold to Buy by Pivotal Research, despite a reduction in the price target from $5.05 to $4.90.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:23 am

CRM

CSCO

DDOG

HCP

IBM

IBM is reportedly close to acquiring HashiCorp, a move that could significantly impact both companies by enhancing IBM's strategic shift towards hybrid-cloud and artificial intelligence. HashiCorp, known for its cloud infrastructure solutions and partnerships with tech giants, could see its stock value increase due to the acquisition premium. The deal, however, is still uncertain. This acquisition aligns with IBM's recent focus under CEO Arvind Krishna, including a $5 billion acquisition of Apptio. Meanwhile, Salesforce's withdrawal from acquiring Informatica indicates a cautious sector approach.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 10:23 am

ENPH

Enphase Energy's shares dropped following the announcement of disappointing Q1 financial results and Q2 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:22 am

VRT

Vertiv Holdings' shares surged following the announcement of stronger-than-anticipated Q1 financial outcomes and an upward revision of its 2024 forecasts.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:21 am

UMC

United Microelectronics (NYSE:UMC) reported Q1 2024 earnings per share of $0.13, missing the consensus estimate of $0.15, and sales of $1.708B, missing the estimate of $1.730B. This represents a 36.1% decrease in earnings and a 0.77% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:21 am

META

SNAP

Shares of Meta Platforms, Inc. (META) and Snap Inc. (SNAP) are trading higher following the passage of a US Senate bill requiring ByteDance to divest TikTok or face a ban of the app.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:20 am

TNL

Travel+Leisure (TNL) reported Q1 adjusted earnings of $0.97 per share, surpassing the $0.86 estimate, with sales of $916M also beating the $906.16M estimate. This represents an earnings increase of 8.99% and a sales increase of 4.21% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:19 am

V

Visa shares are trading higher following the announcement of their Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:17 am

TMO

Thermo Fisher Scientific's shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has uplifted its financial guidance for FY24, signaling stronger performance ahead.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:17 am