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Intel Corp. (NASDAQ:INTC) is set to release its Q3 earnings report, with expectations of a 73% drop in net profits and an 11% decrease in overall revenue. The company has been underperforming against Nvidia Corp. (NASDAQ:NVDA) and the broader microchip industry. Goldman Sachs maintains a Sell rating on Intel due to uncertainties surrounding its manufacturing technology and potential impact on the company's financial profile. Intel's shares were down by 5% on Wednesday, marking their lowest point in two months.

Portfolio Pulse from Piero Cingari

October 25, 2023 | 8:46 pm

TKNO

Alpha Teknova (TKNO) has filed a prospectus related to the offering on a resale basis of an aggregate of 11.3 million shares of common stock by selling stockholders.

Portfolio Pulse from Charles Gross

October 25, 2023 | 8:46 pm

NOW

ServiceNow, Inc. (NYSE:NOW) reported better-than-expected Q3 results, with earnings of $2.92 per share and revenues of $2.29 billion, beating estimates. The company also reported subscription revenues of $2.2 billion, a 27% YoY growth. ServiceNow issued Q4 subscription revenue guidance between $2.32 billion and $2.32 million, and full-year 2023 subscription revenues are anticipated to be between $8.63 billion and $8.64 billion. Shares of NOW were up 5.14% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

October 25, 2023 | 8:45 pm

LYG

Lloyds Banking Group Inc. (NYSE:LYG) has seen a 2.06% increase in its share price in the current market session, reaching $1.98. Despite a 6.10% drop over the past month, the stock has risen by 2.56% over the past year. The company's P/E ratio is lower than the aggregate P/E of the Banks industry (32.35), which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 8:45 pm

MAT

Mattel's shares are trading lower after the company announced its Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:45 pm

KALU

Kaiser Aluminum's Q3 2023 net income per share has doubled YoY to $0.34, but its net sales of $744M fell short of the $788M estimate.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:45 pm

STC

Stewart Information Servs (NYSE:STC) reported Q3 earnings of $0.86 per share, beating the analyst consensus estimate of $0.68 by 26.47%. However, this is a 37.23% decrease from the same period last year. The company also reported quarterly sales of $601.70 million, beating the analyst consensus estimate of $579.33 million by 3.86%, but this is a 16.01% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:45 pm

RBBN

Ribbon Comms (NASDAQ:RBBN) reported Q3 earnings of $0.05 per share, missing the analyst consensus estimate of $0.07 by 28.57%. The company also reported quarterly sales of $203.16 million, missing the analyst consensus estimate of $219.64 million by 7.50%. This represents a 1.91% decrease over sales from the same period last year.

Portfolio Pulse from totan@benzinga.com

October 25, 2023 | 8:44 pm

ORLY

O'Reilly Automotive has reported its Q3 financial results and issued guidance for 2023, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:43 pm

ENSG

The Ensign Group has increased its FY23 EPS forecast from $4.70-$4.78 to $4.73-$4.79. The company also raised its revenue projection from $3.69B-$3.73B to $3.72B-$3.73B, compared to the estimated $3.71B.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:42 pm