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HAS

Hasbro Inc (NASDAQ:HAS) shares dropped after reporting a 23% Y/Y decline in Q4 FY23 sales to $1.289 billion, missing analyst estimates. The company saw a significant decrease in Consumer Products and Entertainment segment revenues, but an increase in Wizards of the Coast and Digital Gaming. Operating loss widened to $(1.20) billion, and adjusted EPS of $0.38 missed expectations. Despite reducing inventory and declaring a dividend, the outlook for FY24 includes further revenue declines across segments. Hasbro aims for mid-term gross savings of $750 million by 2025.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 1:15 pm

CG

Carlyle Group's (NYSE:CG) short interest has decreased by 11.33% since the last report, with 14.46 million shares sold short, representing 6.89% of its float. This decline in short interest could indicate a more bullish sentiment towards CG among investors. Compared to its peers, CG has a higher short interest percentage of float, with an average of 2.33% among its peers, suggesting more bearish sentiment towards CG relative to its industry counterparts.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 1:15 pm

DNUT

Krispy Kreme's stock trades lower following mixed Q4 financial results and guidance below expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:14 pm

TGH

Textainer Group Holdings (TGH) reported a decrease in Q4 earnings per share to $1.13 from $1.38 YoY, and a sales decline to $190.83M from $202.91M YoY.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 1:11 pm

CAMP

EGAN

WISA

The article highlights the top 3 oversold tech stocks in the information technology sector, suggesting they could be undervalued opportunities for investors. eGain Corporation (EGAN) reported better-than-expected Q2 financial results, boosting interest in its AssistGPT offering. WiSA Technologies, Inc. (WISA) announced a $10 million public offering, causing its stock to drop significantly. CalAmp Corp. (CAMP) reported disappointing quarterly sales, attributing it to soft demand in its TSP segment. All three companies have RSI values indicating they are oversold, potentially signaling a buying opportunity.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:09 pm

FREE

Whole Earth Brands, Inc. (FREE) has entered into a definitive agreement to be acquired by Sweet Oak, an affiliate of Sababa Holdings FREE, LLC, for $4.875 per share in an all-cash transaction. This acquisition price represents a 56% premium over FREE's share price before the initial bid and a 37% premium over its 60-day VWAP as of February 12, 2024. The transaction, expected to close in Q2 2024, is subject to shareholder approval and other customary closing conditions. Upon completion, FREE's stock will be delisted from NASDAQ. Silver Point Finance LLC and Fortress Credit Corp. are providing debt financing, while Jefferies and DLA Piper LLP (US) serve as advisors to FREE. Citi and Greenberg Traurig, P.A. are advising Sweet Oak.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:08 pm

TPG

TPG Inc. (NASDAQ:TPG) reported Q4 2023 adjusted earnings per share (EPS) of $0.51, surpassing the consensus estimate of $0.41 by 24.39%. Quarterly sales reached $464.73 million, exceeding expectations by 19.08% and marking a 51.23% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:07 pm

FELE

Franklin Electric projects its FY24 sales to range between $2.10B and $2.17B, compared to the estimated $2.14B. The company also forecasts EPS to be between $4.22 and $4.40, against an estimate of $4.37.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:06 pm

GPAK

MGAM

MMV

ZI

In Tuesday's pre-market session, 11 Communication Services Stocks saw significant movements. ZoomInfo Technologies (ZI) led the gainers with a 19.2% increase following their Q4 earnings release. Other notable gainers include Gamer Pakistan (GPAK), Starbox Group Holdings (STBX), TripAdvisor (TRIP), and Global Mofy Metaverse (GMM). On the losing end, Mobile Global Esports (MGAM) and MultiMetaVerse Holdings (MMV) saw the largest declines. The movements reflect varying market capitalizations and investor reactions to company-specific news.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 1:06 pm

KALV

SIEN

XAIR

ZJYL

In Tuesday's pre-market session, several healthcare stocks showed significant movement. KalVista Pharma, Jin Medical International, and Biodexa Pharmaceuticals were among the top gainers, with increases of 31.5%, 25.75%, and 21.37% respectively. On the losing end, Sientra, G1 Therapeutics, and Ensysce Biosciences saw declines of 51.3%, 43.98%, and 17.39% respectively. Beyond Air reported a decline following their Q3 earnings release.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 1:06 pm