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FSLR

First Solar Inc (FSLR) reported Q3 revenue of $801 million, missing the consensus estimate of $894.12 million. The company's adjusted earnings were $2.50 per share, beating the consensus of $2.06. First Solar ended the quarter with $1.3 billion in cash and equivalents, down from $1.5 billion in the previous quarter. The company expects full-year 2023 revenue to be between $3.4 billion and $3.6 billion, and earnings to be between $7.20 and $8 per share.

Portfolio Pulse from Adam Eckert

October 31, 2023 | 8:16 pm

FRSH

Freshworks has projected its FY23 adjusted EPS to be between $0.23 and $0.25, higher than the estimated $0.2. The company also expects its revenue to be between $593M and $595.5M, surpassing the estimated $591.21M.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:10 pm

AEIS

Advanced Energy Industries (AEIS) has provided its Q4 2023 guidance, expecting EPS of $1.15 +/- $0.20, lower than the estimated $1.20. The company also anticipates revenue of $405M +/- $15M, which is below the estimated $426.32M.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:09 pm

RTX

A significant amount of unusual options activity has been detected for Raytheon Technologies Corporation (RTX), with a mix of bullish and bearish stances. The trades have targeted a price range of $75.0 to $100.0 for RTX over the last 3 months. The current price of RTX is up 3.37% at $81.22. Morgan Stanley maintains an Equal-Weight rating on RTX with a price target of $86, while UBS has downgraded its action to Neutral with a price target of $80.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 8:09 pm

LMT

Unusual options activity has been observed for Lockheed Martin (NYSE:LMT), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The price range targeted by these investors over the last 3 months is from $440.0 to $480.0. Morgan Stanley, UBS, JP Morgan, and Citigroup have maintained their ratings on Lockheed Martin with price targets of $510, $470, $481, and $540 respectively.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 8:09 pm

GWW

W.W. Grainger (NYSE:GWW) has outperformed the market over the past 10 years by 1.46% on an annualized basis, producing an average annual return of 10.48%. If an investor had bought $100 of GWW stock 10 years ago, it would be worth $267.91 today.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 8:08 pm

PGR

Progressive (NYSE:PGR) has outperformed the market over the past 20 years by 4.08% on an annualized basis, producing an average annual return of 11.2%. If an investor had bought $100 of PGR stock 20 years ago, it would be worth $831.94 today.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 8:08 pm

PAYC

Paycom Software has provided its financial guidance for Q4 2023 and FY23, expecting revenues to be in the range of $420M-$425M and $1.679B-$1.684B respectively. These estimates are lower than the market expectations of $452.27M for Q4 and $1.72B for FY23.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:07 pm

BGFV

Big 5 Sporting Goods expects Q4 EPS to be between $(0.20)-$(0.35), compared to $0.07 estimate. The company also anticipates same store sales to decrease in the high single-digit to low double-digit range compared to the fiscal 2022 Q4. This is due to expected macroeconomic headwinds impacting discretionary consumer spending. The company's cash balance at the end of the fiscal 2023 Q4 is expected to be largely consistent with its cash balance at the end of the fiscal 2023 Q3.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:04 pm

DHR

Shares of Danaher Corporation (NYSE:DHR) are trading higher, possibly in sympathy with GE HealthCare, which reported better-than-expected Q3 financial results. This comes after Danaher's Q3 earnings report last week, which led to a downward trend in its stock due to weak guidance, despite posting earnings above estimates.

Portfolio Pulse from Ryan Gustafson

October 31, 2023 | 8:04 pm