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UBER

Uber Technologies, Inc reported Q3 FY23 revenue growth of 11% YoY to $9.29 billion, missing the consensus of $9.52 billion. Revenue from Mobility grew 33% YoY, Delivery was up 6%, and Freight fell 27% YoY. Gross Bookings grew 21% YoY to $35.3 billion. Uber expects Q4 gross bookings of $36.5 billion - $37.5 billion and an adjusted EBITDA of $1.18 billion - $1.24 billion. UBER shares traded lower by 0.79% at $47.76 premarket.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 1:12 pm

MRTX

Leerink Partners analyst Andrew Berens has downgraded Mirati Therapeutics (NASDAQ:MRTX) from Outperform to Market Perform and lowered the price target from $78 to $58.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:12 pm

SPY

Federal Reserve's Goolsbee has stated that there is a need to pay attention to inflation, while also noting that the employment side of the mandate is going well. He also mentioned that inflation has come down a lot.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:10 pm

SPY

Goolsbee has stated that there is a close attention being paid to long term rates. The SPY ETF, which tracks the S&P 500, could be affected by changes in these rates.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:08 pm

SPY

Federal Reserve's Goolsbee has stated that there are positive supply side developments in the economy. This could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:07 pm

BATRA

GAIA

GOGO

LYT

MOBQ

MSGM

SEAT

SST

SWAG

TRIP

VMEO

VSME

In Tuesday's pre-market session, several communication services stocks saw significant movement. Mobiquity Technologies, Lytus Technologies Hldgs, Vimeo, TripAdvisor, VS Media Holdings, and Vivid Seats saw gains, while Motorsport Games, Gaia, Stran & Co, System1, Gogo, and Atlanta Braves Holdings experienced losses. Q3 earnings were recently released for several of these companies.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 1:06 pm

CMT

Core Molding Technologies (AMEX:CMT) reported Q3 earnings of $0.53 per share, missing the analyst consensus estimate of $0.56 by 5.36%. The company also reported quarterly sales of $86.73 million, missing the analyst consensus estimate of $94.60 million by 8.32%. This represents a 51.43% increase in earnings but a 14.64% decrease in sales compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

November 07, 2023 | 1:06 pm

SNTI

VTYX

In Tuesday's pre-market session, several health care stocks saw significant movement. Senti Biosciences, Tharimmune, TransMedics Gr, Synlogic, Advanced Health, and Augmedix saw increases, with Senti Biosciences leading with a 139.8% increase. On the other hand, Ventyx Biosciences, Aura Biosciences, Coherus BioSciences, MSP Recovery, Clover Health Investments, and Trevena saw decreases, with Ventyx Biosciences falling the most by 76.2%.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 1:06 pm

ADN

AMRC

AUVI

CLVT

EMR

GFAI

LICN

LNZA

MVST

VINO

VLD

The article reports on the movement of 12 industrial stocks in Tuesday's pre-market session. LanzaTech Global, Guardforce AI Co, Lichen China, Clarivate, Advent Technologies Hldgs, and Microvast Holdings saw gains, while Applied UV, Ameresco, EHang Holdings, Velo3D, Gaucho Group Holdings, and Emerson Electric experienced losses.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 1:06 pm

ADTN

DDOG

OLO

UIS

Several IT stocks showed significant movement in Tuesday's pre-market session. Unisys, Datadog, Alteryx, Matterport, RingCentral, and GSE Systems saw increases, with Unisys leading with a 22.5% increase. On the other hand, Olo, Adtran, Powerbridge Technologies, Sanmina, BIO-key Intl, and Remark Hldgs saw decreases, with Olo leading the decline at 12.5%. These movements were largely driven by the release of Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 1:06 pm