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BURL

Burlington Stores has reported that November has started strongly, attributing the positive performance to cooler weather at the start of the month, which likely boosted sales of seasonal merchandise.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:48 am

MRK

Merck (NYSE:MRK) has entered into a definitive agreement to acquire Caraway Therapeutics, Inc. for a potential total of $610 million, including an upfront payment and contingent milestone payments. The upfront payment will be expensed in Q4 2023 and reflected in Merck's non-GAAP results.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:47 am

NEM

Macquarie analyst Andrew Bowler has initiated coverage on Newmont (NYSE:NEM) with an Outperform rating and set a price target of $45.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:45 am

J

Jacobs Engineering Group Inc. forecasts its FY24 adjusted EBITDA to be between $1.53 billion and $1.60 billion, with adjusted EPS ranging from $7.70 to $8.20, which is below the estimated $8.40.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:45 am

J

Jacobs Solutions (NYSE:J) reported Q4 adjusted EPS of $1.90, surpassing the $1.89 estimate, and sales of $4.29B, exceeding the $4.16B estimate. This reflects a 5.56% increase in EPS and a 10.51% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:41 am

CRH

MLM

Martin Marietta Materials, Inc (MLM) has agreed to sell its South Texas cement business and related operations to CRH Americas Materials, Inc, a subsidiary of CRH plc (CRH), for $2.1 billion in cash. The divested assets, which include the Hunter cement plant and 20 concrete plants, are expected to generate a pro-forma 2023 EBITDA of about $170 million. The deal is anticipated to close in the first half of 2024, pending regulatory approvals. MLM plans to use the proceeds to further its SOAR 2025 growth objectives. MLM's stock closed down 1.48% at $455.21 on Monday.

Portfolio Pulse from Shivani Kumaresan

November 21, 2023 | 11:41 am

MANU

Sir Jim Ratcliffe's anticipated acquisition of Manchester United (MANU) may not be finalized before Thanksgiving as initially hoped. Concerns arise that the announcement could be delayed until the following week.

Portfolio Pulse from Charles Gross

November 21, 2023 | 11:39 am

HIBB

Hibbett, a retail company, reports that the current retail business climate is challenging due to persistent inflation and higher interest rates negatively impacting consumer demand.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:36 am

HIBB

Hibbett Sports, Inc. has updated its fiscal year 2024 guidance, maintaining its total sales forecast to be flat to an increase of approximately 2.0%. Additionally, the company has raised its earnings per share (EPS) outlook from the previously stated range of $7.00-$7.75 to a new range of $8.00-$8.30.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:35 am

HIBB

Hibbett (NASDAQ:HIBB) reported Q3 earnings with an EPS of $2.05, surpassing estimates by 73.73% against the expected $1.18. However, revenue declined by $1.24 million compared to the same period last year. In the previous quarter, Hibbett's share price increased by 22.16% following an earnings beat. The company's past earnings performance shows a mixed track record with both beats and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 11:35 am