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MTCH

Match Group, Inc. (NASDAQ:MTCH) reported Q3 earnings of 57 cents per share, beating the consensus estimate of 54 cents, and sales of $881.6 million, slightly above the estimate of $881.07 million. However, the company's shares traded lower in the after-hours session due to its Q4 revenue guidance, which is estimated to be between $855 million and $865 million, towards the lower end of the range provided a year ago. Direct revenue from Hinge and Tinder grew YoY, but Match Group Asia direct revenue declined 5% YoY to $77 million.

Portfolio Pulse from Ryan Gustafson

October 31, 2023 | 9:28 pm

STKH

Steakholder Foods has received a Nasdaq minimum bid price notification, indicating that the company's stock price has fallen below the minimum required for continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 9:25 pm

LLY

NVO

The supply of diabetes drug Ozempic, also used for weight loss, is running low in the US. The shortage is affecting other similar drugs like Mounjaro from Eli Lilly And Co. The shortage has led to people ordering off-brand versions online, which can be dangerous. The shortage has also affected Calibrate, a telehealth company focused on weight-loss services, leading to its CEO stepping down.

Portfolio Pulse from Aaron Bry

October 31, 2023 | 9:23 pm

MTZ

MasTec has reduced its 2023 revenue forecast from $12.7B-$13B to $12B and adjusted EPS from $3.75-$4.19 to $1.75.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 9:20 pm

LTHM

Livent Corporation (NYSE:LTHM) reported Q3 earnings below analyst expectations and lowered its 2023 revenue guidance. The company reported earnings of 44 cents per share, below the consensus estimate of 46 cents, and sales of $211.40 million, missing the estimate of $268.29 million. Despite this, the company reported higher EBITDA compared to the prior year. Livent also lowered its 2023 revenue estimates from the $1.025 billion and $1.125 billion range to $890 million and $940 million range. The company's shares were trading lower in the after-hours session.

Portfolio Pulse from Ryan Gustafson

October 31, 2023 | 9:09 pm

AAPL

AMZN

Apple Inc.'s 12.9-inch iPad Pro powered by the M2 chip is now available at a discounted price of $990 on Amazon, marking a new all-time low. The discount includes a flat $150 off and an additional $60 off for Amazon Visa card applicants. The iPad Pro 2022 features a 12.9-inch Liquid Retina XDR display, M2 chip, 8GB of RAM, 256GB of storage, and a triple camera setup.

Portfolio Pulse from Rounak Jain

October 31, 2023 | 9:05 pm

SON

Sonoco Prods (NYSE:SON) reported Q3 2023 earnings of $1.46 per share, beating the analyst consensus estimate of $1.23 by 18.7%. However, the company's quarterly sales of $1.71 billion missed the analyst consensus estimate of $1.74 billion by 1.72%. Compared to the same period last year, earnings decreased by 8.75% and sales decreased by 9.52%.

Portfolio Pulse from totan@benzinga.com

October 31, 2023 | 9:04 pm

ICD

Independence Contract (NYSE:ICD) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $-0.30. The company's past performance shows a pattern of share price drops following earnings reports, even when beating estimates. The stock is currently trading at $2.72, down 32.23% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 9:02 pm

ZWS

Zurn Elkay Water Solutions (ZWS) has revised its full year sales forecast to $1.525 billion, slightly below the estimated $1.53 billion. The company's prior view was between $1.525 billion and $1.55 billion.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 9:02 pm

SIMO

Silicon Motion Technology (NASDAQ:SIMO) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $0.61. The company's past performance shows a pattern of share price increases following earnings reports, even when EPS estimates were missed. However, the company's shares have seen an overall decrease of 8.54% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 9:02 pm