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JWN

Nordstrom, Inc. (NYSE:JWN) reported Q2 earnings of 84 cents per share, beating the analyst consensus estimate of 45 cents. The company also reported quarterly sales of $3.77 billion, surpassing the analyst consensus estimate of $3.65 billion. However, net sales decreased by 8.3%, and the company's shares are trading lower in the after-hours session. Nordstrom also issued full-year 2023 earnings guidance of between $1.80 and $2.20 per share.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 9:15 pm

AAPL

MSFT

Microsoft Corp (NASDAQ:MSFT) was a popular choice for hedge funds in Q2, with 10 out of 20 funds analyzed by Benzinga having MSFT in their top-5 holdings. The company's shares rose by nearly 60%, reaching highs of $366.78, largely due to its investments in AI and a significant stake in OpenAI. The 10 hedge funds that owned the stock over the quarter were collectively paid nearly $22 million in dividends. Institutional investors control 72.46% of Microsoft’s outstanding shares.

Portfolio Pulse from AJ Fabino

August 24, 2023 | 9:11 pm

STVN

Analysts have provided ratings for Stevanato Gr (NYSE:STVN) within the last quarter, with 1 bullish, 6 somewhat bullish, and 1 indifferent. The average price target is $31.75, slightly above the current price of $31.72. This average has increased by 6.54% from the previous average price target of $29.80.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 9:00 pm

GLOB

In the last quarter, Globant (NYSE:GLOB) has received 9 bullish and no bearish ratings from analysts. The company's average 12-month price target has increased by 3.67% from the previous average, now standing at $209.67.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 9:00 pm

BHRB

Trading of Burke & Herbert Financial Services shares is set to resume at 5:15 p.m. ET.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:53 pm

SMMF

Trading of Summit Financial Group (SMMF) shares is set to resume at 5:15 p.m. ET.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:53 pm

INTU

Intuit Inc. reported Q4 earnings of $1.65 per share, beating the analyst consensus estimate of $1.43. The company also reported quarterly sales of $2.71 billion, beating the analyst consensus estimate of $2.64 billion. Despite these positive results, Intuit's shares fell in after-hours trading. The company also issued guidance for full-year 2024 revenue between $15.89 billion and $16.105 billion, and earnings per share between $16.17 and $16.47.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 8:51 pm

MYO

Myomo Inc and Keystone have mutually agreed to terminate their common stock purchase agreement dated August 2. Myomo did not incur any early termination penalties.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:50 pm

BHRB

SMMF

Summit Financial Group (SMMF) shareholders will receive 0.5043 shares of Burke & Herbert Bank (BHRB) common stock as part of a merger. The merged entity will operate under the name 'Burke & Herbert Financial Services Corp.' and will trade under the BHRB ticker symbol on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:48 pm

ULTA

Ulta Beauty Inc reported Q2 revenue of $2.53 billion, a 10.1% YoY increase, beating the consensus estimate of $2.51 billion. The company also reported quarterly earnings of $6.02 per share, surpassing analyst estimates of $5.85 per share. Ulta raised its full-year 2023 revenue and adjusted earnings guidance. The company's shares were up 2.43% after hours.

Portfolio Pulse from Adam Eckert

August 24, 2023 | 8:40 pm