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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

GLNG

Golar LNG (NASDAQ:GLNG) reported Q3 sales of $67.25M, missing the consensus estimate of $73.81M by 8.88% and marking a 1.73% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:34 am

HIBB

Hibbett Sports, Inc. (NASDAQ: HIBB) reported Q3 earnings per share (EPS) of $2.05, a 5.67% increase from $1.94 YoY. Quarterly sales were $431.92M, surpassing the $416.02M estimate but marking a slight 0.29% decrease from $433.16M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:32 am

ATAI

GCI

OMER

TSHA

Insiders at four companies, Omeros Corporation (OMER), Taysha Gene Therapies, Inc. (TSHA), Gannett Co., Inc. (GCI), and Atai Life Sciences N.V. (ATAI), have recently purchased shares. These transactions may signal insider confidence despite recent wider losses reported by Omeros and Taysha Gene Therapies, and a strategic partnership announcement by Gannett. Atai Life Sciences reported a net income attributable to shareholders for Q3 2023.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 11:30 am

KC

Kingsoft Cloud Holdings (NASDAQ:KC) reported Q3 earnings with an EPS of $-0.18, missing estimates by 5.88% compared to the expected $-0.17. Revenue decreased by $54.01 million from the same period last year. In the previous quarter, the company beat EPS estimates which led to a 1.57% increase in share price the following day. Historical earnings performance shows variability in meeting EPS estimates.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 11:30 am

AVGO

VMW

VMware's stock price has seen a significant premarket increase of 23%.

Portfolio Pulse from Charles Gross

November 21, 2023 | 11:29 am