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NWL

Newell Brands Inc (NASDAQ:NWL) reported a Q3 FY23 sales decline of 9.1% YoY to $2.05 billion, missing the analyst consensus estimate of $2.12 billion. Adjusted EPS of $0.39 beat the consensus estimate of $0.23. The company reported an operating loss of $159 million. Newell Brands also cut its FY23 revenue and EPS outlook. Following the announcement, NWL shares traded lower by 3.18%.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 3:23 pm

B

Barnes Group reported worse-than-expected Q3 adjusted EPS results and lowered its FY23 adjusted EPS guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:21 pm

QQQ

SPY

UUP

The Federal Reserve's preferred measure of inflation for September was in line with Wall Street economist expectations, leading to increased confidence that the Fed will not raise rates again in the near future. This news has led to a rebound in U.S. stocks, with the tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) rallying 1%, the broader S&P 500 ETF Trust (NYSE:SPY) 0.1% higher, and the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) down 0.2%.

Portfolio Pulse from Piero Cingari

October 27, 2023 | 3:20 pm

NRDS

NerdWallet's shares are trading higher following the company's Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:19 pm

XEL

Xcel Energy Inc reported Q3 FY23 revenue of $3.662 billion, missing the consensus of $3.983 billion. Electric revenue and operating income both fell compared to a year ago. However, adjusted EPS of $1.23 beat the consensus of $1.18. The company also announced a plan for a large clean energy transition effort in Colorado. The company narrowed its adjusted EPS outlook for 2023 and provided an inline outlook for FY24. XEL shares are trading lower by 1.29% premarket.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 3:16 pm

MDNA

Medicenna Therapeutics announced that it will be delisted from the Nasdaq and is reducing its management team, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:12 pm

AVTR

Avantor reported its Q3 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:06 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) reported strong Q3 results, with shares continuing to climb. Analysts from Telsey Advisory Group, Goldman Sachs, Needham, Oppenheimer, Morgan Stanley, and William Blair all maintained positive ratings, with several raising their price targets. Key takeaways include double-digit sales growth in the U.S. and internationally, stabilization of AWS, and a shift towards generative AI. Amazon's Q3 operating income of $11 billion exceeded expectations.

Portfolio Pulse from Priya Nigam

October 27, 2023 | 3:06 pm

BAH

Booz Allen Hamilton's shares are trading lower following the company's Q2 adjusted EPS results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:06 pm

ERIE

Erie Indemnity has reported its Q3 financial results, following which its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:04 pm