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COHR

Coherent has updated its FY24 revenue forecast, raising the lower end from $4.5B to $4.55B, with the range now $4.55B-$4.70B, slightly above the estimated $4.59B. Additionally, the company increased its adjusted EPS outlook from $1.00-$1.50 to $1.30-$1.70, surpassing the estimated $1.28. This adjustment reflects a positive shift in Coherent's financial expectations.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:49 pm

COHR

Coherent forecasts its Q3 revenue to be between $1.12B and $1.20B, with an estimated consensus of $1.17B. The company also projects its adjusted EPS to range from $0.32 to $0.52, against an estimated $0.38.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:44 pm

CAT

DE

KMTUY

UBS predicts a bull market for gold and silver in 2024, driven by potential Federal Reserve interest rate cuts, with gold expected to reach $2,200 per ounce. The global mining equipment market is also forecasted to grow significantly, benefiting companies like Deere & Company, Caterpillar, and Komatsu America Corp. South Africa's President highlights challenges in the mining sector, including energy shortages and illegal activities, impacting the country's attractiveness to investors.

Portfolio Pulse from Austin DeNoce

February 05, 2024 | 10:44 pm

COHR

Coherent (NASDAQ:COHR) reported Q2 adjusted EPS of $0.36, surpassing the $0.26 estimate, and sales of $1.13B, exceeding the $1.12B estimate. This represents a 62.11% decrease in earnings and a 17.45% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:39 pm

RGCO

RGC Resources (NASDAQ:RGCO) reported Q1 earnings of $0.50 per share, surpassing the $0.39 estimate, a 51.52% increase from last year. However, sales of $24.42M fell short of the $31.00M estimate, marking a 26.63% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:36 pm

DIS

Walt Disney Co (NYSE:DIS) is set to report Q1 financial results on Feb. 7, 2024, with expected revenue of $23.685 billion and EPS of 99 cents. Analysts highlight Disney's cost-cutting and strong cash flow growth guidance, particularly from the Experiences and DTC segments. Disney+ subscriber growth and battles with Elon Musk and Florida Gov. Ron DeSantis are key issues. Disney faces challenges from activist investor Nelson Peltz. DIS shares are down 0.49% to $96.65, with a 7% increase YTD in 2024.

Portfolio Pulse from Chris Katje

February 05, 2024 | 10:36 pm

PED

PEDEVCO Corp. has received approval for its development plan for the Roth 2-11 wells in the D-J Basin, marking a significant step forward in its exploration and production efforts in the region.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:24 pm

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Dogecoin (DOGE) has outperformed its memecoin rivals like Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI) in terms of holder profitability, monthly losses, and trading volume. Elon Musk's recent activity on Twitter has fueled speculation about Dogecoin's future, particularly regarding its potential use in the X Payments feature. Crypto analyst Ali Martinez predicts increased price volatility for Dogecoin based on Bollinger Bands analysis.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 10:18 pm

GOOGL

META

Jeremy Schwartz, CIO at WisdomTree Investments, discussed Meta Platforms, Inc's (META) successful 'year of efficiency,' attributing the success to AI. Meta reduced its workforce by 22% while increasing revenue by 25% and its stock surged over 175% in 2023. Schwartz is bullish on AI's impact on the economy and suggests that other big tech companies like Alphabet, Inc. (GOOGL) might follow Meta's example by leveraging AI for efficiency and potentially introducing dividends.

Portfolio Pulse from Erica Kollmann

February 05, 2024 | 10:08 pm

KR

Gary Millerchip is stepping down as Senior Vice President and CFO of Kroger to take an executive role at another public company. Todd Foley has been appointed as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:06 pm