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SKLZ

Skillz Inc. has announced that Jason Roswig will step down as CFO. Gaetano Franceschi has been appointed as the new CFO, according to an 8-K filing.

Portfolio Pulse from Charles Gross

January 09, 2024 | 11:33 am

AYI

Acuity Brands (NYSE:AYI) reported Q1 earnings with an EPS of $3.72, beating estimates by 15.17% but with a revenue decrease of $63.20 million from the previous year. The company had previously beaten EPS estimates last quarter, which did not affect the share price the following day.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 11:10 am

FLNG

Flex LNG announced that its Flex Constellation ship will return in Q2 2024 after the charterer decided not to extend the charter option. This news follows an earlier report on Monday.

Portfolio Pulse from Charles Gross

January 09, 2024 | 11:09 am

ELTX

Elicio Therapeutics has published data from its Phase 1 AMPLIFY-201 study of ELI-002 2P in solid tumors in Nature Medicine. The results show that ELI-002, as a monotherapy, induced strong and lasting T cell responses and led to tumor biomarker reduction in 84% of patients. This correlated with a median relapse-free survival of 16.3 months. A Phase 2 trial for ELI-002 in pancreatic ductal adenocarcinoma is set to begin in early 2024.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 11:03 am

AYI

Acuity Brands reported Q1 adjusted EPS of $3.72, surpassing the $3.23 estimate by 15.17%, and a 13.07% increase from last year's $3.29 per share. However, sales of $934.70M slightly missed the $935.14M estimate by 0.05%, marking a 6.33% decrease from the previous year's $997.90M.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 11:03 am

MTCH

Elliott Management has taken a roughly $1 billion position in Match Group, the online-dating company. The Wall Street Journal reported this late Monday, indicating a significant investment by the activist hedge fund in the owner of popular dating platforms like Tinder.

Portfolio Pulse from Charles Gross

January 09, 2024 | 10:57 am

BAC

Bank of America Corp (BAC) anticipates a $1.6 billion non-cash, pretax charge in Q4 FY23 due to the phase-out of a Bloomberg interest rate benchmark. The charge is expected to be recouped into interest income mostly by 2026 as BSBY-indexed loans transition to SOFR. The one-time charge has reduced BAC's CET1 ratio by eight basis points. BAC's Q4 FY23 results will be reported on January 12, 2024. BAC shares dropped 0.50% in premarket trading.

Portfolio Pulse from Lekha Gupta

January 09, 2024 | 10:51 am

FLNG

Flex LNG Ltd. (FLNG) announced that the charterer of its Flex Constellation ship has not exercised the extension option. The ship was on a three-year Time Charter since May 17, 2021, with an option to extend up to three years. Flex LNG expects to take redelivery of the ship in Q2 2024. The company has a 95% charter coverage for 2024 and anticipates recontracting the vessel at higher rates than the current $80,000 per day, as market rates are quoted at $90-100,000 per day.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 10:44 am

PWP

Goldman Sachs analyst James Yaro has downgraded Perella Weinberg (NASDAQ:PWP) from Buy to Sell and reduced the price target from $14 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 10:44 am

NFLX

Citigroup analyst Jason Bazinet downgraded Netflix (NASDAQ:NFLX) from Buy to Neutral and set a price target of $500. This reflects a change in Citigroup's outlook on Netflix's stock, potentially influencing investor sentiment and the stock's market performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 10:37 am