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MDT

Medtronic's board has authorized an additional $5 billion for share repurchases, adding to the remaining $1.9 billion from its March 2019 authorization. There is no set time frame for the completion of these repurchases.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:51 pm

GPS

Gap Inc (NYSE:GPS) reported Q4 earnings with a revenue increase of 1% year-over-year to $4.30 billion, surpassing the consensus estimate of $4.22 billion. Earnings per share were 49 cents, significantly up from a loss of 75 cents in the prior year's quarter, beating estimates of 23 cents per share. Comparable sales remained flat, with Old Navy sales up 6% and Gap, Banana Republic, and Athleta sales down. The company announced a first-quarter dividend of 15 cents per share and expects flat net sales for Q1 and full-year 2024, with margin expansions. Gap shares rose 8.43% after hours to $20.95.

Portfolio Pulse from Adam Eckert

March 07, 2024 | 9:50 pm

AVGO

Broadcom's stock price declined following the announcement of its Q1 financial results and the issuance of its future guidance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:50 pm

EOLS

Evolus (NASDAQ:EOLS) reported Q4 earnings with an EPS of $-0.21, missing estimates by -200.0% against an expected $-0.07. Revenue increased by $17.35 million from the same period last year. Despite past earnings misses, the company's share price increased by 8.0% the day after last quarter's earnings were announced.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:50 pm

ASLE

AerSale (NASDAQ:ASLE) reported Q4 2023 adjusted EPS of $(0.020), missing the $0.450 estimate, and sales of $94.422M, missing the $156.368M estimate. This represents a significant decrease in earnings and a slight decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:50 pm

CLAR

Clarus (NASDAQ:CLAR) reported Q4 earnings with an EPS of $-0.07, missing estimates by -178% and a significant revenue drop from the previous year. This follows a pattern of missed EPS estimates in previous quarters, leading to a 12% share price drop after last quarter's earnings.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:50 pm

NCSM

NCS Multistage Holdings (NCSM) reported Q4 2023 adjusted EPS of $(0.360), missing the $1.180 estimate, and sales of $35.247M, missing the $39.700M estimate. This represents a 12.29% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:50 pm

RWAY

Runway Gwth Fin (NASDAQ:RWAY) reported Q4 earnings with an EPS of $0.45, missing estimates by -8.0% against an expected $0.49. Revenue increased by $2.42 million from the previous year. The company had previously beaten EPS estimates in Q3 2023, leading to a 2.0% share price increase the following day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:50 pm

ASLE

AerSale (NASDAQ:ASLE) reported Q4 earnings with an EPS of $-0.02, missing estimates by -104.0% against an expected $0.45. Revenue decreased by $678 thousand from the previous year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 13.0% drop in share price the following day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:50 pm

GROW

U.S. Global Investors, Inc. (GROW) announced it repurchased 102,636 of its own shares in February 2024, a nearly 200% increase from the previous year. The buyback, costing about $281,000, is part of an enhanced program allowing up to $5 million in annual purchases. Since March 2022, around 1 million shares have been bought back. CEO Frank Holmes emphasized the buyback reflects confidence in the company's future and its current undervaluation, especially as small-cap stocks face pressure from rising borrowing costs.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:49 pm