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GPRO

GoPro Inc's shares rose by 14% after reporting better-than-expected Q3 results. Earnings were 4 cents per share, exceeding estimates by 100%, but reflecting a 78.95% decrease YoY. Quarterly sales were $294.30 million, 4.56% higher than estimates, but down 3.55% YoY. The company's growth was driven by the successful launch of HERO12 Black and expanding retail presence. Recent highlights include stock repurchases, recognition in Best Companies to Work for Rankings, and expanding sports partnerships.

Portfolio Pulse from Henry Khederian

November 08, 2023 | 4:13 pm

BAC

SPY

Bank of America CEO Brian Moynihan stated that their research team is predicting a soft landing for the U.S. economy, despite a slowdown in consumer spending.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:13 pm

WISH

ContextLogic Inc. (NASDAQ:WISH) reported a loss per share of $3.35, missing the analyst consensus estimate of $3.31 and quarterly sales of $60 million, beating the estimate of $57.35 million. Loop Capital analyst Laura Champine upgraded ContextLogic from Sell to Hold and lowered the price target from $6 to $4. Shares of WISH are up on heavy trading volume after the earnings report, with more than 3.2 million shares traded in the session.

Portfolio Pulse from Erica Kollmann

November 08, 2023 | 4:11 pm

WISH

ContextLogic reported mixed Q3 financial results, leading to an upgrade of the stock from Sell to Hold by Loop Capital. This has resulted in ContextLogic shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:11 pm

KD

Kyndryl Holdings reported better-than-expected Q2 financial results and raised its FY24 adjusted pretax income guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:11 pm

PARA

Paramount Global Class B (NASDAQ:PARA) shares are trading lower by 7.4% due to disappointing Q3 financial results from Warner Bros. Discovery. The poor performance of a major player in the media and entertainment industry has raised concerns about broader industry trends, leading to a sell-off of stocks in the sector, including Paramount Global.

Portfolio Pulse from Henry Khederian

November 08, 2023 | 4:08 pm

NCLH

Norwegian Cruise Line (NCLH) has revealed that prior to the Israel conflict, about 7% of its capacity in Q4 of 2023 and 4% of its capacity for FY24 were allocated to visit the Middle East.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:08 pm

WRBY

Warby Parker's shares are trading lower following the release of their Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:08 pm

MGIC

Magic Software has lowered its FY23 sales guidance, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:07 pm

FG

F&G Annuities & Life reported its Q3 financial results and expanded its share repurchase authorization by $25 million, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:06 pm