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PINS

Pinterest Inc (NYSE:PINS) reported Q3 revenue of $763 million, up 11% YoY, beating the Street consensus estimate of $743.5 million. Adjusted EPS of 28 cents also beat the estimate of 20 cents. Global monthly active users were 482 million, up 8% YoY. The company is guiding for Q4 revenue to be up 11% to 13% YoY. Pinterest shares are up 11.16% to $27.90 in after-hours trading.

Portfolio Pulse from Chris Katje

October 30, 2023 | 8:28 pm

AMKR

Amkor Technology reported a year-over-year decrease in Q3 EPS results and issued Q4 revenue guidance below estimates, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:27 pm

BCC

Boise Cascade (BCC) has announced that it expects to see seasonally slower demand for its products in Q4, along with modest WEP price erosion.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:24 pm

VRNS

Varonis Systems has projected its FY 2023 adjusted EPS to be between $0.31 and $0.33, higher than the estimated $0.22. However, the company's revenue forecast of $495M-$499M is slightly below the estimated $500.59M.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:20 pm

PINS

Pinterest reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:19 pm

ANET

Arista Networks reported better-than-expected Q3 financial results and issued Q4 revenue guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:18 pm

BAC

A significant bearish stance has been taken on Bank of America (NYSE:BAC) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 43% bullish and 56% bearish. The whales have been targeting a price range from $13.0 to $35.0 for Bank of America over the last 3 months. BMO Capital, Oppenheimer, and Morgan Stanley have maintained their respective ratings on Bank of America, with price targets of $40, $49, and $32.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:16 pm

ADP

A significant bearish stance has been taken on Automatic Data Processing (NASDAQ:ADP) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $220.0 to $230.0 for ADP over the last 3 months. Morgan Stanley and Barclays have maintained their Equal-Weight and Overweight ratings on ADP, with price targets of $250 and $280 respectively.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:16 pm

TEAM

A significant bearish stance has been taken on Atlassian (NASDAQ:TEAM) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $60.0 to $185.0 for Atlassian over the last 3 months. UBS has downgraded its action to Neutral with a price target of $225. Atlassian's next earnings are expected to be released in 3 days.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:16 pm

SPG

Simon Property Group has projected its FY23 FFO to be between $12.15 and $12.25.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:13 pm