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ENVX

Enovix Corp (NASDAQ:ENVX) shares surged after reporting better-than-expected Q3 results and strong guidance. The company reported Q3 revenue of $200,000, beating the consensus estimate of $120,000, and an adjusted loss of 19 cents per share, better than the estimated loss of 23 cents per share. Enovix also announced that its IoT and Wearable cell exceeded the requirements of a global wearable apparel company and outperformed all competitive cells tested by Polaris Battery Labs. The company expects Q4 revenue to be between $3 million and $4 million, significantly higher than estimates of $530,000.

Portfolio Pulse from Adam Eckert

November 08, 2023 | 1:28 pm

GHI

Greystone Housing Impact (NYSE:GHI) reported Q3 earnings of $0.39 per share, beating the analyst consensus estimate of $0.14 by 178.57%. However, this is a 50.63% decrease from the same period last year. The company's quarterly sales were $26.47 million, missing the analyst consensus estimate of $27.60 million by 4.08%, but showing a 42.97% increase from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

November 08, 2023 | 1:28 pm

ENVX

Enovix Corporation's shares are trading higher following the company's Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:27 pm

VRNOF

Verano Holdings Corp. reported Q3 revenue of $240.09 million, up from $234.12 million in the previous quarter. The company also raised its free cash flow guidance for 2023 to $72-76 million, up from $65-75 million, and lowered its capital expenditures guidance to $30-37 million, down from $35-50 million. Verano's shares closed 9.47% higher at $3.93 per share.

Portfolio Pulse from Nina Zdinjak

November 08, 2023 | 1:25 pm

CMCSA

CSCO

META

VGSH

On CNBC's 'Halftime Report Final Trades', several investment professionals named their final trades. Liz Young of BNY Mellon Investment Management picked Vanguard Short-Term Treasury Index Fund (VGSH). Stephen Weiss of Short Hills Capital Partners chose Meta Platforms (META), which recently introduced a bonus program for Instagram content creators. Jason Snipe of Odyssey Capital Advisors selected Comcast Corporation (CMCSA), which recently reported better-than-expected Q3 results. Jim Lebenthal of Cerity Partners named Cisco Systems (CSCO) as a good entry point.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 1:23 pm

STIX

Semantix (NASDAQ:STIX) is set to report its Q3 2023 sales, which are expected to be $8.204M.

Portfolio Pulse from totan@benzinga.com

November 08, 2023 | 1:22 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) reported below-consensus Q3 revenue and lowered its 2023 production guidance, causing a drop in stock price. Despite this, Needham analyst Chris Pierce reiterated a Buy rating on the stock, lowering his price target from $9 to $5. Pierce's optimism is based on Lucid's industry-leading battery and drive-train technology. Lucid delivered 1,457 vehicles and produced 1,550 vehicles in Q3, and lowered its delivery guidance from 10,000+ units to 8,000-8,500 units.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 1:17 pm

K

WK Kellogg has projected its standalone adjusted net sales for FY23 to be between $2.72 billion and $2.74 billion.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:10 pm

NVCT

Nuvectis Pharma (NASDAQ:NVCT) reported Q3 earnings, missing estimated earnings by 8.82% with an EPS of $-0.37 versus an estimate of $-0.34. Revenue was down $0 from the same period last year. Last quarter, the company also missed on EPS by $0.09, which was followed by a 0.4% increase in the share price the next day.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 1:10 pm

GSMG

Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) has announced a name change to Cheer Holding, Inc. and a trading symbol change from 'GSMG' to 'CHR'. The change will take effect on November 9, 2023. The company's warrants will continue to trade under the ticker symbol 'GSMGW'. No action is required from the company's shareholders regarding the changes.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:08 pm