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Bill Ackman is launching Pershing Square USA, a new fund aimed at retail investors, to be listed on the NYSE if approved. This move democratizes access to Ackman's hedge fund strategies, known for an average 31% annual gain over five years. Pershing Square's largest investments include CMG, QSR, HLT, HHH, LOW, GOOG, CP, and GOOGL, reflecting Ackman's focus on durable growth companies in North America.

Portfolio Pulse from Piero Cingari

February 07, 2024 | 9:24 pm

PYCR

Paycor HCM (NASDAQ:PYCR) reported Q2 2024 adjusted EPS of $0.11, surpassing the $0.09 estimate, with sales of $159.50M exceeding the $155.62M forecast. This represents a 20.05% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:24 pm

MOH

Molina Healthcare (NYSE:MOH) reported Q4 adjusted earnings of $4.38 per share, surpassing the consensus estimate of $4.35, and sales of $9.05B, exceeding the $8.37B estimate. This represents a 6.83% increase in earnings and a 10.03% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:23 pm

ARM

Arm Holdings Plc. (NASDAQ:ARM) shares surged after reporting Q3 earnings of 29 cents per share and sales of $824 million, surpassing analyst expectations. The increase was attributed to higher royalty revenue from Armv9-based chips and strong demand for advanced CPUs, leading to a 96.7% gross margin. CEO Rene Haas highlighted growth in cloud server and automotive sectors and AI-driven licensing growth. Arm forecasts Q4 earnings and revenue above estimates and raises its FY2024 outlook.

Portfolio Pulse from Erica Kollmann

February 07, 2024 | 9:22 pm

CUZ

Cousins Properties (CUZ) reported Q4 2023 earnings of $0.65 per share, surpassing the $0.64 estimate. However, their sales of $196.98M fell short of the $198.61M estimate, marking a 1.25% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:22 pm

EG

Everest Group (NYSE:EG) reported Q4 adjusted EPS of $25.18, surpassing the $14.66 estimate, marking a 106.22% increase from last year. However, its sales of $3.58B fell short of the $3.68B estimate, despite being an 18.79% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:22 pm

EFX

Equifax (NYSE:EFX) reported Q4 2023 adjusted EPS of $1.81, surpassing the $1.75 estimate, and sales of $1.33B, exceeding the $1.31B estimate. This represents a 10.77% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:21 pm

RRX

Regal Rexnord (NYSE:RRX) reported Q4 2023 adjusted EPS of $2.28, surpassing the $2.24 estimate, but its sales of $1.61B fell short of the $1.62B estimate. This represents a 29.16% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:20 pm

FAF

First American Financial (NYSE:FAF) reported Q4 earnings with an EPS of $0.69, missing the estimated $0.77 by 10.39%. Revenue decreased by $256 million from the same period last year. In the previous quarter, FAF beat EPS estimates but saw a 2.92% share price drop the following day. The company's past earnings performance shows variability in meeting EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 9:20 pm

NLY

Annaly Capital Management (NYSE:NLY) reported Q4 earnings, beating estimates with an EPS of $0.68 against the expected $0.65, and revenue increased by $191.42 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 0.0% the following day. The company has shown varied performance over the past quarters with fluctuations in EPS and revenue growth.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 9:20 pm