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INCY

Goldman Sachs analyst Salveen Richter downgraded Incyte (NASDAQ:INCY) from Buy to Neutral and set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:05 am

LOW

Lowe's Companies has revised its FY23 adjusted EPS guidance downward to $13.00 from the previous range of $13.20-$13.60, which is below the consensus estimate of $13.33.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:05 am

DY

Dycom Industries (NYSE:DY) reported Q3 earnings with an EPS of $2.82, beating estimates by 58.43% against the expected $1.78. Revenue increased by $94 million from the same period last year. Despite beating EPS estimates last quarter, the share price dropped by 2.91% the following day.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 11:05 am

LOW

Lowe's Companies (NYSE:LOW) reported Q3 earnings with an EPS of $3.06, slightly beating the estimate of $3.03 by 0.99%. However, revenue decreased by $3.01 billion compared to the same period last year. In the previous quarter, a beat on EPS resulted in a 0.64% share price increase the following day. Historical data shows varied performance in past quarters.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 11:05 am

J

Jacobs Solutions Inc (NYSE:J) has announced a definitive agreement to spin off its Critical Mission Solutions and Cyber & Intelligence businesses, merging them with Amentum to form a new publicly traded government services company. The new entity will have an estimated annual revenue of $13 billion. Jacobs and its shareholders will own 58.5%-63% of the new company, and Jacobs will retain its data solutions and digital technologies business. Jacobs expects to receive $1 billion in cash proceeds post-closure, with additional value from divesting its retained stake within 12 months. The deal is expected to close in the second half of FY24 and is projected to generate $50 million-$70 million in net cost synergies. Jacobs' CEO Bob Pragada believes this will streamline the company's portfolio and align it with global trends. Jacobs will announce Q1 2024 earnings and new productivity targets on November 21, 2023. The company's stock closed higher by 1.23% at $136.98 on Monday.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 11:04 am

LOW

Lowe's Companies has updated its FY23 sales forecast, now expecting approximately $86 billion, which is lower than its previous guidance of $87 billion to $89 billion and below the consensus estimate of $87.61 billion.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:04 am

DY

Dycom Industries (NYSE:DY) reported Q3 earnings of $2.82 per share, surpassing the $1.78 estimate by 58.43%, and a 56.67% increase from last year's $1.80 per share. Sales reached $1.14B, exceeding the $1.07B estimate by 6.17% and marking a 9.02% increase from the previous year's $1.04B.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:03 am

LOW

Lowe's Companies, Inc. (NYSE: LOW) reported a decrease in Q3 earnings per share (EPS) from $3.27 last year to $3.06 this year, and a decline in sales from $23.48 billion to $20.47 billion, representing a 6.42% decrease in EPS and a 12.81% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:03 am

YRD

Yiren Digital (NYSE:YRD) reported a significant increase in its Q3 2023 earnings per share (EPS) to $0.85, up 102.86% from $0.42 YoY. Sales also rose to $179.66M, a 52.02% increase from $118.18M YoY.

Portfolio Pulse from totan@benzinga.com

November 21, 2023 | 11:01 am

YSG

Yatsen Holding (NYSE:YSG) reported Q3 2023 adjusted earnings per ADS of $(0.03), consistent with the previous year. However, sales declined by 18.39% to $98.43M from $120.60M in the same quarter last year.

Portfolio Pulse from totan@benzinga.com

November 21, 2023 | 10:59 am