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AAPL

QCOM

Apple Inc. (AAPL) is facing delays in developing its own cellular modem for iPhones, which extends its reliance on Qualcomm Inc. (QCOM) as a supplier. The introduction of Apple's custom modem is now expected to be in late 2025 or early 2026. Despite efforts since 2018, the project's complexities have proven challenging, with the goal to exceed current data download speeds. Qualcomm's stock remained flat, while Apple's stock saw a modest increase of less than 1%.

Portfolio Pulse from Piero Cingari

November 16, 2023 | 9:14 pm

HAYN

Haynes International expects its Q1 2024 revenue and earnings to be higher year-over-year, but anticipates a decrease compared to Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:13 pm

NGVC

Natural Grocers By Vitamin Cottage has projected its earnings per share (EPS) for fiscal year 2024 to be in the range of $1.00 to $1.10.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:12 pm

HAYN

Haynes International reported a decrease in Q4 2023 EPS to $1.02 from $1.30 year-over-year, and revenue of $160.6M, which fell short of the $161.590M estimate.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:11 pm

ROST

Ross Stores has updated its fiscal year 2023 earnings per share (EPS) guidance, raising it from the previous range of $5.15-$5.26 to a new range of $5.30-$5.36. However, the company has revised its fourth-quarter outlook slightly downwards, from $1.58-$1.64 to $1.56-$1.62.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:11 pm

VJET

voxeljet (NASDAQ:VJET) reported Q3 earnings with an EPS of $-0.37, beating estimates by 22.92% against an expected $-0.48. Revenue increased by $930 thousand compared to the same period last year. Despite beating EPS estimates last quarter, VJET's share price dropped by 24.34% the following day. Historical earnings performance shows mixed results with both beats and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 9:10 pm

WWD

Woodward Inc. projects its FY24 sales to be between $3.1 billion and $3.25 billion, surpassing the estimated $3.11 billion.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:08 pm

NCAC

Psyence Group Inc. and Newcourt Acquisition Corp (NASDAQ:NCAC) have announced the SEC's effectiveness of a Form F-4 registration statement for a new business combination. This move brings Psyence Group closer to listing on a U.S. national security exchange and is part of their strategy to launch a Phase 2b clinical trial for nature-derived psilocybin in palliative care. The business combination, valued at $50 million in pre-money equity, will result in Psyence contributing its therapeutics division to the new public company, Psyence Biomedical Ltd., which will trade under the Nasdaq ticker 'PBM'. Psyence Group has also granted stock options to eligible participants.

Portfolio Pulse from Lara Goldstein

November 16, 2023 | 9:07 pm

CALX

Calix, Inc. has announced an increase in its stock repurchase program by an additional $100 million. This decision reflects the company's confidence in its financial strength and commitment to delivering shareholder value. The expanded repurchase program may signal to investors that the company believes its stock is undervalued and is a positive step towards managing its capital structure effectively.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:06 pm

ROST

Ross Stores forecasts a 1%-2% increase in same store sales for the 13 weeks ending January 27, 2024, indicating a positive outlook for the company's near-term performance.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:06 pm