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HE

Hawaiian Electric Industries (HE) reported Q3 adjusted earnings of $0.56 per share, surpassing the consensus estimate of $0.54, and sales of $901.87M, exceeding the estimate of $858.36M. However, there was a 1.75% decrease in earnings and a 13.45% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:48 pm

CVS

CVS Health Inc. (NYSE:CVS) saw a slight increase of 0.31% in the current market session to $66.95, despite a decrease of 6.31% over the past month and 31.02% over the past year. The article discusses the company's P/E ratio in comparison to the Health Care Providers & Services industry average, suggesting that CVS Health's lower P/E may indicate undervaluation or potentially weaker future performance.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 6:45 pm

EA

RBLX

Roblox Corporation (RBLX) and Electronic Arts (EA) have reported strong financial results, defying concerns about the impact of high-interest rates and a weak economy on the gaming industry. Roblox's Q3 results exceeded revenue and profit estimates with a 20% YoY increase in bookings and a narrowed net loss. The company also acquired an AI startup and reduced its workforce to improve its bottom line. EA raised its annual profit guidance following a successful launch of its FC24 soccer game, with Q2 bookings and profit surpassing estimates.

Portfolio Pulse from Upwallstreet

November 10, 2023 | 6:42 pm

CME

The Chicago Mercantile Exchange (CME) has overtaken Binance in the Bitcoin futures market, leading with an open interest of $4.07 billion. This shift reflects growing institutional interest in Bitcoin trading and coincides with significant market volatility and Bitcoin's price surge. The change in leadership is seen as a result of a $2 billion reduction in aggregate Bitcoin open interest, affecting Binance traders more than CME's. Industry leaders will discuss these developments at the upcoming Benzinga's Future of Digital Assets conference.

Portfolio Pulse from Murtuza Merchant

November 10, 2023 | 6:37 pm

KRT

Karat Packaging's stock is trading lower due to disappointing Q3 revenue results and a weak revenue outlook for FY23. Additionally, Truist Securities has reduced its price target for Karat Packaging from $26 to $24.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:36 pm

RBA

RBC Capital analyst Arthur Nagorny has maintained an Outperform rating on RB Global (NYSE:RBA) but has reduced the price target from $75 to $73.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:35 pm

USFD

US Foods Holding Corp (NYSE:USFD) reported a slight increase in Q3 sales but marginally missed analyst consensus estimates. Adjusted EPS exceeded expectations, and the company raised its FY23 adjusted EPS and EBITDA guidance. Following the earnings announcement, US Foods' stock price rose by 3%, and analysts at Morgan Stanley and Truist Securities increased their price targets for USFD, maintaining Overweight and Buy ratings respectively.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:35 pm

WYNN

Wynn Resorts, Limited (NASDAQ:WYNN) shares dropped by 8.1% despite reporting higher than expected third-quarter revenue and earnings per share. The company's revenue was $1.67 billion, surpassing the consensus estimate of $1.585 billion, and adjusted EPS was 99 cents, beating the estimate of 75 cents. The article also lists other stocks that moved in the mid-day session, with various companies experiencing significant gains or losses after reporting their financial results, guidance updates, or other corporate actions.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:34 pm

BA

Boeing Company (NYSE:BA) anticipates a significant expansion of Southeast Asia's commercial airplane fleet, projecting growth from the current number to over 4,000 jets by 2042. This growth is expected to occur at an annual rate of 6.9%, which is twice the global rate, driven by low-cost carriers. Boeing's 2023 Commercial Market Outlook highlights the potential for increased air traffic and connectivity in the region, particularly due to a rising middle class. Separately, Boeing suffered a data breach when the cybercrime gang Lockbit leaked internal data online after threatening to do so if a ransom was not paid. The leaked data dates back to late October. Despite this, Boeing's stock price saw an increase of 1.04% to $195.35 in recent trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 10, 2023 | 6:33 pm

U

Unity Software Inc (NYSE:U) reported Q3 earnings with revenues falling short of consensus estimates, leading to layoffs and cost-cutting plans. The company suspended guidance to assess its product portfolio and cost structure. Analysts from Stifel, Wedbush, Needham, Piper Sandler, and Oppenheimer provided their insights, with most maintaining positive ratings but reducing price targets. Unity's shares rose 3.01% to $26 following the earnings report.

Portfolio Pulse from Priya Nigam

November 10, 2023 | 6:25 pm