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HUT

Hut 8 Mining Corp. has responded to a short report, stating that the report includes false and misleading characterizations about its business. The company has refuted the claims made in the short report, defending its business practices and financial health.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:31 am

T

AT&T (NYSE:T) reported Q4 2023 earnings per share (EPS) of $0.30, missing the consensus estimate of $0.55 by 45.45%. However, the company's quarterly sales of $32.02 billion exceeded expectations of $31.48 billion by 1.74% and marked a 2.17% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:31 am

T

AT&T (NYSE:T) reported Q4 sales of $32.02 billion, surpassing the analyst consensus estimate of $31.48 billion by 1.74% and marking a 2.17% increase from $31.34 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:29 am

AMZN

EBAY

WMT

eBay Inc. (NASDAQ:EBAY) announced it will lay off about 9% of its full-time workforce, approximately 1,000 roles, and reduce contracts in the alternate workforce. The company cited that its headcount and expenses have outpaced business growth due to external pressures, including a challenging macroeconomic environment. eBay's operating expenses surged 15% to $1.340 billion in the last reported quarter. The layoffs are part of organizational changes to better meet customer needs globally. eBay faces competition from Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), and Chinese retailers like Temu and Shein. Despite the layoffs, eBay shares rose by 3.21% to $42.74 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

January 24, 2024 | 11:25 am

VRTX

Canaccord Genuity analyst Whitney Ijem has downgraded Vertex Pharmaceuticals (VRTX) from Hold to Sell, despite raising the price target from $332 to $379.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:23 am

DXC

JP Morgan analyst Tien-Tsin Huang has downgraded DXC Technology (NYSE:DXC) from Neutral to Underweight and reduced the price target from $27 to $24.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:19 am

ELV

Elevance Health projects a decrease in medical enrollment from 47M in 2023 to a range of 45.8M-46.6M by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:14 am

AAPL

SPY

VGK

Apple Inc. is reportedly planning to implement new fees and restrictions for software downloads that occur outside of its App Store. This move could potentially affect the company's revenue stream and its relationship with app developers, as well as the broader tech ecosystem. The details of the new fees and restrictions have not been disclosed, but they are expected to have implications for companies and developers who rely on Apple's platform for distribution.

Portfolio Pulse from Charles Gross

January 24, 2024 | 11:13 am

ELV

Elevance Health projects its 2024 operating revenue to grow from flat to low-single digits compared to 2023 sales of $170.2 billion, which is below the consensus estimate of $174.32 billion. The company also forecasts its adjusted EPS to be greater than $37.10, slightly above the consensus estimate of $37.05.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:13 am

PSNY

Bernstein analyst Daniel Roeska suggests that Polestar Automotive (PSNY) should go private, as it would be more beneficial within the Volvo Cars-Geely ecosystem. Bernstein initiated coverage with an 'underperform' rating and a target price of $1.15, a 44% downside. Polestar missed its delivery target for 2023 and expects break-even gross profit margins. The company reported a $735 million operating loss for the first nine months of 2023. Despite challenges, the CEO remains optimistic for 2024. Polestar's stock has fallen nearly 63% over the past year.

Portfolio Pulse from Anan Ashraf

January 24, 2024 | 11:10 am