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PMTS

CPI Card Group has projected a mid-single digit decline in net sales for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:46 pm

AMRC

Renewable energy company Ameresco Inc's shares have dropped by 19% following worse-than-expected Q3 FY23 results. The company reported revenue of $335.1 million, missing the consensus of $385.2 million due to supply chain issues and contract conversion delays. Adjusted EBITDA was $43.3 million, down from $57.9 million a year ago. The company has lowered its FY23 outlook due to ongoing industry issues.

Portfolio Pulse from Lekha Gupta

November 07, 2023 | 1:44 pm

TRIP

TripAdvisor Inc's shares are trading higher after the company reported better-than-expected Q3 financial results. The company's Q3 revenue was $533 million, beating estimates of $505.24 million, and Q3 EPS was 52 cents, beating estimates of 47 cents. The company reported a 16% YoY increase in revenues, with core revenue up 2%, Viator revenue up 41%, and TheFork revenue up 20%. The company ended the quarter with $1.1 billion in cash and equivalents.

Portfolio Pulse from Adam Eckert

November 07, 2023 | 1:43 pm

KMF

KYN

Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (KMF) announced the preliminary results of the elections made by KMF stockholders regarding the merger between KYN and KMF. Approximately 54.7% of KMF stockholders elected to receive newly issued common stock of KYN or were deemed to have made this election, while approximately 45.3% elected to receive cash. The final results will be available after the merger closes, which is expected on November 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:43 pm

TRIP

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

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:43 pm

BRGC

CALC

GCI

LOCL

Insiders at four companies, Local Bounti Corporation (LOCL), CalciMedica, Inc. (CALC), Gannett Co., Inc. (GCI), and BrightRock Gold Corp. (BRGC), have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects. However, each company has faced challenges recently, including downgrades, wider losses, worse-than-expected revenues, and stock declines.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:42 pm

TGLS

Tecnoglass Inc (NYSE:TGLS) reported a 4.4% Y/Y revenue growth to $210.7 million, beating the consensus of $207.6 million, and adjusted EPS of 98 cents, beating the consensus of 97 cents. The company tightened its FY23 sales outlook to $835 million-$848 million and revised the adjusted EBITDA outlook to $300 million-$308 million. The company has a dividend yield of 1.19%, which is a quarterly dividend amount of 9 cents a share. However, the company's shares fell 12.1% to close at $30.13 on Monday.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:42 pm

MMC

SPY

Marsh & McLennan Companies Inc. (NYSE:MMC) is showing a strong performance with a 146% increase over the last five years, outpacing the 73% return of the SPDR S&P 500 ETF (NYSE:SPY). The company has grown earnings by an average of 18% per year over the last five years and is expected to grow earnings by 11% per year going forward. MMC is also buying back shares with a buyback yield of 1% and offers a 1.5% dividend. The stock is currently trading at one of its lowest P/E ratios in the last five years.

Portfolio Pulse from Cory Mitchell

November 07, 2023 | 1:41 pm

KEYS

Keysight Technologies has filed a tender offer for all remaining outstanding shares of ESI Group at a price of 155 Euros per share.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:40 pm

WWAC

Aeries Technology, Inc has completed its business combination with Worldwide Webb Acquisition Corp. (NASDAQ:WWAC), becoming a publicly traded company. The combined company's ordinary shares and warrants will be listed on The Nasdaq Stock Market LLC under the symbols 'AERT' and 'AERTW'. Aeries Technology offers a range of management consultancy services and currently has 30+ clients across various verticals in the U.S. and other international markets. The company is also in discussions to raise further capital to execute on its growth and M&A strategy.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:36 pm