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CPG

Crescent Point Energy has announced the acquisition of Hammerhead Energy, which has led to a decrease in Crescent Point Energy's share price.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:18 pm

GEN

Gen Digital reported better-than-expected Q2 sales results and provided positive Q3 and FY24 guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:18 pm

BMRN

BioMarin Pharmaceuticals' shares are trading higher after reports that activist investor Elliott Investment Management has built a stake in the company and has been in talks with the company for months.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:16 pm

BSY

Bentley Systems reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:16 pm

NOW

Jason Snipe, a frequent CNBC contributor, announced live on the network that he has increased his holdings in ServiceNow. Following this announcement, ServiceNow's shares reached their highest level since January 2022.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:12 pm

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