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CCJ

CCORF

DNN

FCUUF

Fission Uranium (OTC:FCUUF) is raising CA$75 million through the sale of 65.6 million shares at CA$1.18 each to fund its Patterson Lake South uranium project in Saskatchewan, Canada. Canaccord Genuity (OTCPK:CCORF) and SCP Resource Finance are leading the deal, expected to close on Feb. 12. The project, in a region known for uranium production, shows a 27.2% internal rate of return from a feasibility study. Cameco (NYSE:CCJ) and Denison Mines (AMEX:DNN) also operate major mines in the area. Fission's stock fell 10% after the announcement.

Portfolio Pulse from Stjepan Kalinic

February 06, 2024 | 10:19 pm

MLNK

The board of MeridianLink has approved a stock repurchase program, authorizing the buyback of up to $125 million of its common stock. This move is part of the company's strategy to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:18 pm

PLUS

ePlus (NASDAQ:PLUS) reported Q3 adjusted EPS of $1.18, missing the $1.38 estimate, and sales of $509.06M, below the $595.07M estimate. This represents a 14.49% decrease in EPS and an 18.35% decrease in sales from the same period last year.

Portfolio Pulse from totan@benzinga.com

February 06, 2024 | 10:15 pm

AFG

American Financial Group (AFG) reported Q4 adjusted EPS of $2.84, missing the $2.90 estimate, and sales of $1.73B, beating the $1.66B estimate. This represents a 5.02% decrease in EPS and a 6.72% increase in sales year-over-year.

Portfolio Pulse from mahesh@benzinga.com

February 06, 2024 | 10:09 pm

HUT

Hut 8 Corp. (HUT) reported its January 2024 operations update, highlighting a multi-year managed services agreement with Ionic Digital, significant Bitcoin holdings of 9,116 BTC, and operational efficiencies improvements. The company announced the termination of managed services in Kearney, Nebraska, and Granbury, Texas, with a $13,568,000 termination fee. Pre-construction work is underway at a new site in Culberson County, Texas. Hut 8's digital asset mining operations span several sites across North America, with a focus on self-mining, managed services, and hosting.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:08 pm

FOX

FOXA

WBD

Fox and Warner Bros. Discovery shares are trading higher following the announcement of a new sports streaming joint venture with ESPN. This strategic move aims to leverage the growing demand for sports content online and could significantly impact the market positioning of the involved companies.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:05 pm

OI

O-I Glass (NYSE:OI) reported Q4 adjusted EPS of $0.12, surpassing the $0.03 estimate, and sales of $1.64B, exceeding the $1.63B estimate. This represents a 68.42% decrease in earnings and a 3.07% decrease in sales from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

February 06, 2024 | 10:04 pm

NVDA

Josh Brown of Ritholtz Wealth Management sold a portion of his Nvidia (NVDA) stock, citing the stock's excessive rise with over 235% gain in 2023 and an additional 35% in 2024 without substantial news to justify such increases. He expressed concerns over the stock's rapid growth and the market's overly bullish sentiment, despite being optimistic about generative AI's future. Nvidia is set to report Q4 financial results on Feb. 21, with high expectations from investors.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 10:02 pm

TENB

Tenable projects its Q1 2024 revenue to be between $212M and $214M, slightly below the $214.12M estimate. The company also forecasts its adjusted EPS to be in the range of $0.16 to $0.18, aligning with or slightly above the $0.16 estimate.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:00 pm

VFC

VF Corp (NYSE:VFC) reported disappointing fiscal third-quarter results with a 16% year-over-year revenue decline to $2.96 billion, missing the consensus estimate of $3.24 billion. The North Face and Vans brands saw significant revenue drops. Adjusted earnings per share were 57 cents, below the expected 77 cents. Despite this, VF Corp reaffirmed its full-year 2024 free cash flow guidance of $600 million and announced a strategic review of its brand assets and a quarterly dividend of 9 cents per share.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 9:57 pm