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DDD

3D Systems Corp (NYSE:DDD) shares are trading lower after the company reported preliminary Q3 revenue of $123-124 million, down $8.3-9.3 million YoY due to soft printer demand. The company also announced a new restructuring initiative to improve operational efficiency, which is expected to result in annual savings of $45-55 million. Due to market softness and macroeconomic uncertainty, 3D Systems has withdrawn its full-year 2023 financial guidance.

Portfolio Pulse from Adam Eckert

October 25, 2023 | 7:21 pm

VZ

A 'whale' investor has taken a bullish stance on Verizon Communications (NYSE:VZ), with 57% of investors opening trades with bullish expectations and 42% with bearish. The whale has been targeting a price range from $25.0 to $45.0 for Verizon over the last 3 months. Barclays has upgraded its action to Overweight with a price target of $38. The price of VZ is currently down -1.88% at $33.66.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 7:16 pm

QCOM

TXN

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) are trading lower, possibly in sympathy with Texas Instruments (NASDAQ:TXN), which reported worse-than-expected Q3 sales results and issued Q4 revenue guidance below estimates. Texas Instruments reported Q3 earnings of $1.85 per share, beating the analyst consensus estimate of $1.81, but sales of $4.53 billion missed the estimate of $4.57 billion. QCOM shares were down 4.25% at $104.75 at the time of publication.

Portfolio Pulse from Ryan Gustafson

October 25, 2023 | 7:15 pm

ERII

Energy Recovery, Inc. (NASDAQ:ERII) shares dropped after the company announced a leadership transition. David Moon has been appointed interim CEO and Bob Mao will remain a board member. Pamela Tondreau, current Lead Independent Director, has been elected as the new Chairperson of the Board. The company is searching for a permanent President and CEO.

Portfolio Pulse from Ryan Gustafson

October 25, 2023 | 7:12 pm

TMO

Thermo Fisher Scientific Inc (TMO) reported Q3 revenue of $10.574 billion, down 1% Y/Y, missing the consensus of $10.595 billion. Adjusted EPS of $5.69 beat the consensus of $5.61. The company revised its full-year revenue and adjusted EPS guidance due to the current macroeconomic environment. TMO shares are down 5.67% at $432.31.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 7:10 pm

IOT

Samsara shares are trading lower possibly due to weakness in overall tech stocks. FBN Securities initiated coverage on the stock with an Outperform rating and a $30 price target.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:08 pm

PKX

POSCO Holdings reported its Q3 results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:08 pm

XRX

JP Morgan analyst Samik Chatterjee maintains an Underweight rating on Xerox Holdings (NASDAQ:XRX) and lowers the price target from $16 to $15.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:06 pm

GD

General Dynamics Corp (NYSE:GD) reported a 6% YoY revenue growth in Q3 FY23 to $10.57 billion, beating the consensus of $10.04 billion. However, operating earnings fell 3.7% YoY to $1.06 billion. The company saw growth in its Combat Systems segment and a record backlog. The company's shares are trading higher by 4.08% at $242.51.

Portfolio Pulse from Akanksha Bakshi

October 25, 2023 | 7:04 pm

DHR

TMO

Healthcare equipment and tools stocks are trading lower in sympathy with Thermo Fisher and Danaher.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:04 pm