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MITT

WMC

Western Asset Mortgage Capital Corporation (WMC) stockholders have approved the merger with AG Mortgage Investment Trust, Inc. (MITT). Approximately 55% of WMC's outstanding shares voted in favor of the merger, which will result in WMC merging into MITT's subsidiary, Merger Sub, with Merger Sub as the surviving entity. Upon completion, WMC shareholders will receive 1.498 shares of MITT stock and a cash payment from MITT Manager. The merger is expected to close on December 6, 2023, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:16 pm

RLGT

Radiant Logistics, Inc. (NYSE:RLGT) has announced the renewal of its stock repurchase program, authorizing the buyback of up to 5 million shares through December 31, 2025. The repurchases will be funded by cash on hand, credit facilities, and future cash flows. The timing and amount of repurchases will depend on market conditions, stock price, and other factors. The program is flexible and may be suspended or terminated at any time. The CEO believes the repurchase is a good investment opportunity, suggesting the current stock price undervalues the company's growth prospects.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:15 pm

AVAV

AeroVironment forecasts its FY24 adjusted EPS to be between $2.46 and $2.70, which is below the estimated $2.72. However, the company anticipates revenue to be between $685M and $705M, surpassing the estimated $676.6M.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:15 pm

MA

Mastercard's Board of Directors has approved a new $11 billion share repurchase program. This move indicates the company's confidence in its financial stability and future growth prospects. Share buybacks are often seen as a positive signal to investors, as they can increase earnings per share and return value to shareholders. The repurchase program also reflects Mastercard's commitment to managing its capital efficiently.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:15 pm

ASAN

Asana (NYSE:ASAN) reported Q3 earnings with an EPS of $-0.04, surpassing the estimate of $-0.11 by 63.64%. Revenue increased by $25.06 million compared to the same period last year. Despite beating last quarter's EPS estimate, ASAN's share price fell by 13.17% the following day. Historical earnings data shows a trend of surpassing EPS estimates but with mixed share price reactions.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 9:15 pm

BOX

Box (NYSE:BOX) reported Q3 earnings with an EPS of $0.36, missing estimates by 5.26% against the expected $0.38. Revenue increased by $11.59 million compared to the same period last year. Despite beating EPS estimates last quarter, Box's share price fell by 12.31% the following day. Historical earnings performance shows fluctuation in EPS actuals versus estimates.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 9:15 pm

ASAN

Asana, Inc. has provided guidance for FY24 with an adjusted EPS range of $(0.27)-$(0.26), which is better than the estimated $(0.38). The company also forecasts revenues of $648.5M-$649.5M, surpassing the estimated $646.1M.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:15 pm

SKIL

Skillsoft (NYSE:SKIL) reported Q3 earnings with a loss of $(2.82) per share, surpassing the $(4.25) estimate, marking a 25.79% improvement from last year. However, sales of $138.96M fell short of the $144.30M estimate, a slight 0.31% decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:14 pm

SFIX

Stitch Fix reported a Q1 EPS of $(0.30), an improvement from $(0.50) in the prior year. However, net revenue from continuing operations was $364.79M, reflecting an 18% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:12 pm

STRL

Sterling Construction Company, Inc. (STRL) has announced that its Board of Directors has authorized a new stock repurchase program. Under this program, the company is allowed to repurchase up to $200 million of its outstanding common stock. The timing and actual number of shares repurchased will depend on a variety of factors including price, market conditions, and applicable legal requirements.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:11 pm