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TWLO

Twilio Inc (NYSE:TWLO) is set to report its Q3 earnings on Nov. 8. Analysts are optimistic about the company's growth potential, particularly due to its strategic acquisition of Segment and its latest generative AI tools. The company has also increased its portfolio diversification and capacity for growth through product development and acquisitions. The Street expects Twilio to report 35 cents in EPS and $988.23 million in revenue. The consensus price target on the stock is $67.61, representing a 22% upside.

Portfolio Pulse from Surbhi Jain

November 08, 2023 | 5:16 pm

DNLI

Denali Therapeutics reported a year-over-year decrease in Q3 revenue results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:12 pm

ZLAB

Zai Lab's shares are trading higher following the company's report of better-than-expected Q3 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:11 pm

LFST

LifeStance Health Group reported worse-than-expected Q3 earnings per share (EPS) results, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:11 pm

ODP

The ODP Corp (NASDAQ:ODP) reported a Q3 FY23 sales decline of 8% Y/Y to $2.01 billion, missing the consensus of $2.04 billion. The decline was due to lower sales in its Office Depot consumer division. The company also lowered its FY23 revenue guidance to $7.8 billion-$7.9 billion from $8 billion. However, it raised its adjusted EPS to $5.30-$5.60 from $5.00-$5.30. ODP shares are trading lower by 3.34% at $45.87.

Portfolio Pulse from Lekha Gupta

November 08, 2023 | 5:10 pm

DRRX

Durect Corporation's shares are trading lower after the company announced that its Phase 2B AHFIRM trial did not achieve statistical significance for either dose on the primary endpoint of mortality or transplant at 90 days.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:06 pm

TKC

Turkcell Iletisim Hizmetleri reported a year-over-year increase in Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:05 pm

AMZN

RIVN

Rivian Automotive Inc (RIVN) shares dropped despite reporting positive Q3 results. The company reported a top line of $1.34B and delivered 15.6k vehicles. It raised its full-year production target from 52,000 to 54,000 units. The company's exclusivity with Amazon (AMZN) has ended, opening up to new customers. Analysts from Mizuho Securities, Cantor Fitzgerald, Goldman Sachs, RBC Capital Markets, Truist Securities, and Wedbush provided their insights and ratings on the company's performance.

Portfolio Pulse from Priya Nigam

November 08, 2023 | 5:05 pm

FTNT

META

Stephanie Link announced on CNBC that she has purchased more shares of Fortinet and Meta Platforms.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:04 pm

RIOT

Riot Platforms reported worse-than-expected Q3 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:03 pm