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DDD

3D Systems has reported preliminary Q3 revenue of $123M-$124M, which is below the estimated $129.971M.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:06 pm

ACN

FSLY

HSY

SXT

Insiders at Hershey, Fastly, Sensient Technologies, and Accenture have recently sold shares. Hershey's CFO sold 1,500 shares at an average price of $190.55, while Fastly's EVP sold 7,000 shares at an average price of $14.60. Sensient Technologies' President sold 2,608 shares at an average price of $57.39, and Accenture's General Counsel sold 3,251 shares at an average price of $297.00.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 12:04 pm

GOOGL

MSFT

Microsoft Corporation (NASDAQ:MSFT) shares rose 3.6% to $342.51 in pre-market trading as the company posted stronger-than-expected results for its fiscal first quarter. Piper Sandler maintained Microsoft with an Overweight and raised the price target from $400 to $425. Alphabet Inc. (NASDAQ:GOOGL) shares fell 6.8% to $129.42 in pre-market trading. Alphabet reported better-than-expected earnings and sales results for its third quarter, but recorded downbeat performance for its cloud computing unit.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 12:03 pm

DDD

3D Systems has withdrawn its full-year 2023 financial guidance due to a softening outlook for customer capital spending on new production capacity.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:03 pm

KO

MMM

NUE

V

VZ

CNBC Mad Money host Jim Cramer highlighted Nucor Corp. (NUE) as the biggest earnings surprise on Tuesday, despite several blue-chip companies also reporting earnings beats. Nucor reported Q3 earnings of $4.57 per share on revenue of $8.78 billion, beating consensus estimates. Cramer had previously picked Nucor as a top stock for 2023, citing its ability to deliver solid earnings despite Fed tightening and potential benefits from the infrastructure bill. Following the earnings beat, Nucor's stock rose 4.75%.

Portfolio Pulse from Shanthi Rexaline

October 25, 2023 | 12:02 pm

SONN

Sonnet BioTherapeutics Holdings, Inc. (NASDAQ:SONN) has announced the pricing of an underwritten public offering of 2,843,750 shares of common stock and investor warrants to purchase up to an aggregate of 5,687,500 shares of common stock. The combined offering price is $1.60, for total gross proceeds of approximately $4.55 million. The offering is expected to close on October 27, 2023. The net proceeds will be used for research and development, including clinical trials, working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:02 pm

R

Ryder has increased its FY23 adjusted EPS outlook to $12.60 - $12.85, up from the previous range of $12.20-$12.70. However, the company expects total revenue growth to be around -2%.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:02 pm

KO

Coca-Cola (NYSE:KO) reported better-than-expected Q3 FY23 results, with sales growth of 8% YoY to $11.95 billion, beating the analyst consensus estimate of $11.44 billion. The company also raised its FY23 organic revenue growth outlook from 8%-9% to 10%-11%. Coca-Cola's dividend yield is currently 3.31%, which equates to a quarterly dividend of 46 cents a share. To earn $500 monthly from Coca-Cola dividends, an investor would need to own approximately $181,442 worth of Coca-Cola, or 3,261 shares.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 12:01 pm

SBT

Sterling Bancorp (NASDAQ:SBT) reported Q3 earnings of $0.01 per share, missing the analyst consensus estimate of $0.04 by 75%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $16.38 million, missing the analyst consensus estimate of $17.27 million by 5.17%. This is a 14.62% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

October 25, 2023 | 11:59 am

R

Ryder System (NYSE:R) reported Q3 adjusted earnings of $3.58 per share, beating the analyst consensus estimate of $3.22 by 11.18%. However, this is a 19.55% decrease from the same period last year. The company's quarterly sales were $2.92 billion, missing the analyst consensus estimate of $2.99 billion by 2.21%, and marking a 3.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:56 am