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RTX

Raytheon Technologies reported better-than-expected Q3 financial results, updated its guidance, and announced a $10 billion accelerated share-repurchase program. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:35 pm

VZ

Verizon Communications Inc reported its Q3 FY23 results, showing a sales decline of 2.6% YoY to $33.34 billion, beating the consensus of $33.25 billion. Adjusted EPS of $1.22 also beat the consensus of $1.18. The company reported total wireless service revenue of $19.3 billion, up 2.9% YoY, and ended the quarter with approximately 10.3 million broadband subscribers, up 21% YoY. Verizon reiterated a 2.5% - 4.5% wireless service revenue growth and expects free cash flow above $18 billion, a $1 billion increase from the previously issued guidance. Following the announcement, VZ shares traded higher by 3.82% at $32.59 in premarket.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 12:35 pm

NEO

Morgan Stanley analyst Tejas Savant has maintained an Equal-Weight rating on NeoGenomics (NASDAQ:NEO) and lowered the price target from $18 to $16.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:31 pm

PARA

Paramount Global (NASDAQ:PARA) has postponed the release of the eighth installment of the 'Mission: Impossible' franchise by a year due to the ongoing actors' strike. The release date has been moved from June 28, 2024, to May 23, 2025. The strike, which has lasted over three months, has also affected other big-screen attractions like Marvel movies. Paramount's shares are trading higher by 1.07% at $11.31 premarket on the last check Tuesday.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 12:28 pm

ENSC

ENSCW

Ensysce Biosciences (NASDAQ:ENSC)(OTC:ENSCW) has secured $1.7 million in convertible note financing. The funds will be used to advance the clinical development of the company's TAAP and MPAR technologies. The notes are convertible into shares of Ensysce common stock at a conversion price of $1.5675 and have a maturity date of 6 months from the closing date.

Portfolio Pulse from Happy Mohamed

October 24, 2023 | 12:25 pm

HOUS

Anywhere Real Estate (NYSE:HOUS) reported Q3 earnings of $0.15 per share, missing the analyst consensus estimate of $0.32 by 53.13%. This is a 74.14% decrease from the same period last year. The company also reported quarterly sales of $1.58 billion, missing the analyst consensus estimate of $1.62 billion by 2.22%, a 12.39% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

October 24, 2023 | 12:24 pm

TECK

Teck Resources (NYSE:TECK) reported Q3 earnings of $0.57 per share, missing the analyst consensus estimate of $0.82 by 30.49%. This is a 57.14% decrease from the same period last year. The company also reported quarterly sales of $2.68 billion, missing the analyst consensus estimate of $2.70 billion by 0.63%. This is a 25.06% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:24 pm

SPOT

Spotify Technology SA reported Q3 FY23 revenue growth of 11% YoY to $3.65 billion, beating the consensus of $3.34 billion. Premium Revenue grew 10% YoY to €2.91 billion, helped by subscriber additions. Total MAUs rose 26% YoY to 574 million. Premium Subscribers grew 16% YoY to 226 million. The company held €3.8 billion in cash and equivalents and generated €216 million in free cash flow. SPOT shares traded higher by 2.04% at $157.76 premarket on the last check Tuesday.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 12:19 pm

CRNC

LAES

NTCT

NVEC

VRNT

The article lists five tech stocks that are currently oversold and could potentially boost a portfolio. These include SEALSQ Corp, Cerence Inc., NVE Corporation, Verint Systems Inc., and NetScout Systems, Inc. The companies have reported various financial results, with some experiencing growth and others facing challenges. The stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 12:17 pm

MTEK

Maris-Tech (MTEK) has regained compliance with the Nasdaq's minimum closing bid price rule. This means that the company's stock will continue to be listed on the Nasdaq exchange.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:11 pm