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MBI

MBIA Inc. has declared an extraordinary cash dividend of $8.00 per share on its common stock, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:49 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) reported mixed Q4 results with earnings per share of $11.06, beating estimates by $0.08, but missed revenue expectations with $9.29 billion against an estimate of $9.41 billion. The company saw a year-over-year revenue growth of 8% to $35.8 billion. Cash reserves increased to $14.19 billion. Broadcom raised its quarterly dividend by 14% to $5.25 and provided FY24 revenue guidance of $50 billion, surpassing the $45.76 billion estimate. The stock fell 1.32% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

December 07, 2023 | 9:48 pm

INAQ

Insight Acquisition Corp. (IAC), a special purpose acquisition company listed on NASDAQ as INAQ, has confidentially submitted a draft registration statement on Form S-4 with the SEC. This submission is in relation to a proposed business combination with Alpha Modus, Corp., a company based in Metro-Charlotte, NC.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:48 pm

SDIG

Stronghold Mining successfully mined 193 Bitcoin in November. This achievement showcases the company's operational capabilities and may positively influence investor sentiment towards SDIG, the company's stock symbol.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:48 pm

DLA

Delta Apparel (AMEX:DLA) reported Q4 earnings with an EPS of $-0.72, beating the estimate by 10.0% but with a revenue decrease of $24.10 million from the same period last year. The company's past earnings performance shows inconsistency, with a significant share price drop following the last quarter's earnings beat.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 9:45 pm

GNSS

Genasys (NASDAQ:GNSS) reported Q4 earnings with an EPS of $-0.07, beating estimates by 12.5% but with a revenue decline of $5.34 million from the previous year. The company had previously beaten EPS estimates last quarter, which led to a 2.68% share price increase the following day.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 9:45 pm

UHT

Universal Health Realty Income Trust has announced an increase in its quarterly dividend from $0.72 to $0.725 per share, marking a $0.005 increase.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:44 pm

EIS

IZRL

URGN

Following the failure to extend a ceasefire between Israel and Hamas, the Gaza conflict has intensified. High-level diplomatic discussions have taken place, with President Biden and Secretary Blinken engaging with Israeli officials. Allegations of civilian casualties involving Israeli tank shells have emerged. The UN Security Council is set to meet, with the US opposing a ceasefire. Israeli stocks monitored through the iShares MSCI Israel ETF (EIS) rose slightly, while the ARK Israel Innovative Technology ETF (IZRL) and UroGen Pharma Ltd. (URGN) saw stronger gains.

Portfolio Pulse from Piero Cingari

December 07, 2023 | 9:42 pm

CMS

CMS Energy has entered into an equity distribution agreement to offer common stock up to the value of $1 billion. This move could potentially dilute current shareholders but also provide the company with additional capital for operations, investment, or debt reduction.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:42 pm

COO

Cooper Companies provided its FY24 adjusted EPS guidance of $13.60-$14.00, which is below the estimated $14.04. The company also forecasted total revenue for FY24 to be between $3.089B and $3.877B, which has a midpoint below the estimated $3.86B.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:40 pm