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GOOGL

Steve Weiss, a frequent guest on CNBC, announced that he has purchased more shares of Alphabet Inc.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:10 pm

TGNA

TEGNA Inc. reported Q3 revenue of $713.24 million, beating estimates but marking an 11% Y/Y decline due to reduced political revenue. Adjusted earnings were $0.39 per share, missing the consensus of $0.40. The company completed a $300 million accelerated share repurchase (ASR) program and approved a second $325 million ASR. TEGNA expects Q4 GAAP revenue to be down mid-to-high teens percent and FY23 capital expenditures of $55-60 million. TEGNA shares are trading higher by 1.69%.

Portfolio Pulse from Nabaparna Bhattacharya

November 07, 2023 | 5:09 pm

ALTO

OPRT

SNTI

THAR

TXMD

VTYX

US stocks traded higher with the Nasdaq Composite gaining over 100 points. The US trade deficit increased to $61.5 billion in September. TransMedics Group, Senti Biosciences, and Tharimmune saw their shares rise after positive news, while Ventyx Biosciences, Alto Ingredients, and Oportun Financial Corporation saw their shares drop due to disappointing results.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 5:05 pm

BCO

Brink's Company (NYSE:BCO) reported Q3 FY23 sales growth of 8% YoY to $1.227 billion, slightly beating the analyst consensus estimate. Revenue from North America slipped 1%, Latin America increased 13%, and Europe jumped 31%. Non-GAAP operating profit rose 31% YoY to $166 million. The company held $1.32 billion in cash and equivalents as of September 30, 2023. The Brink's Board approved a new $500 million share repurchase authorization expiring on December 31, 2025. BCO shares traded higher by 7.43% at $75.89 on the last check Tuesday.

Portfolio Pulse from Shivani Kumaresan

November 07, 2023 | 5:05 pm

UBER

Uber Technologies Inc's Q3 financial results showed strength in bookings despite initial shakiness. The company reported Q3 revenue of $9.29 billion, beating the consensus estimate of $8.99 billion, and marking an 11% YoY increase. Uber's revenue would have been 8% higher if not for a reclassification of Uber Eats spending. Gross bookings grew 21% YoY, with mobility bookings up 31% and delivery bookings up 18%. Earnings per share were 10 cents, missing analyst estimates of 11 cents but improving from a loss of 61 cents in the prior year's quarter. Goldman Sachs noted positive operating trends continuing into Q4.

Portfolio Pulse from Adam Eckert

November 07, 2023 | 5:04 pm

EXPD

Expeditors International Of Washington, Inc. reported a 50% Y/Y decline in Q3 revenue to $2.19 billion, missing the consensus of $2.3 billion. EPS was $1.16, down 54% Y/Y, missing the consensus of $1.28. The company's airfreight tonnage volume and ocean container volume decreased by 14% and 15% respectively. Q3 operating income decreased 59% to $216 million. The company's shares are trading lower by 0.72% at $110.69.

Portfolio Pulse from Nabaparna Bhattacharya

November 07, 2023 | 5:04 pm

CLF

Cleveland-Cliffs has announced a price increase for its hot rolled, cold rolled and coated steel products. The minimum base price for hot rolled steel is now $1,000 per net ton.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:03 pm

CLF

Cleveland-Cliffs has announced a price increase for its hot rolled, cold rolled and coated steel products. The minimum base price for hot rolled steel is now $1,000 per net ton.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:03 pm

SMR

NuScale Power (NYSE:SMR) is set to release its quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $-0.13. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varied stock price changes. The company's shares are currently trading at $3.26, down 72.15% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 5:02 pm

DE

A significant investor has adopted a bearish approach towards Deere (NYSE:DE), with public options records revealing 13 extraordinary options activities for Deere. The general sentiment among these investors is divided, with 38% leaning bullish and 61% bearish. The significant investors are aiming for a price territory stretching from $350.0 to $380.0 for Deere over the recent three months. Deere's trading volume stands at 731,749, with its price down -1.92%, positioned at $370.97.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 5:02 pm