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LANC

Lancaster Colony (NASDAQ:LANC) reported Q4 earnings of $1.19 per share, missing the analyst consensus estimate of $1.29 by 7.75%. The company also reported quarterly sales of $454.66 million, missing the analyst consensus estimate of $481.12 million by 5.50%. However, both earnings and sales saw a slight increase compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:53 am

FL

Foot Locker Inc's (NYSE:FL) shares have dropped by over 30% following its Q2 results and lowered 2023 sales and earnings guidance. The company reported a 9.9% YoY sales decline to $1.86 billion, missing the analyst consensus of $1.88 billion. The company is also pausing its dividend to enhance flexibility. Foot Locker has also cut its FY23 sales guidance from down 6.5%-8% to down 8%-9% and its FY23 gross margin guidance from 28.6%-28.8% to 27.8%-28%.

Portfolio Pulse from Shivani Kumaresan

August 23, 2023 | 11:53 am

T

TMUS

VZ

AT&T has entered the wireless home internet market with its new product, Internet Air, competing with Verizon and T-Mobile who have already ventured into this sector. The service will be available in select regions of 16 cities. AT&T and Verizon have raised their prices in 2022 but also launched lower-cost plans to compete with cable providers. AT&T's 5G network development aims to provide enhanced speed and higher device connectivity capacity.

Portfolio Pulse from Anusuya Lahiri

August 23, 2023 | 11:51 am

RHHBY

Roche Holdings AG inadvertently disclosed the second interim analysis of Phase 3 SKYSCRAPER-01 study, evaluating tiragolumab plus Tecentriq versus Tecentriq alone for advanced or metastatic non-small cell lung cancer. The study remains ongoing and blinded to patients and investigators. The leaked data showed encouraging results, with tiragolumab plus Tecentriq well-tolerated and no new safety signals identified. More solid survival results are expected in Q1 2024.

Portfolio Pulse from Vandana Singh

August 23, 2023 | 11:48 am

ADI

Analog Devices' shares are trading lower following a miss on third-quarter consensus and weak fourth-quarter guidance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:44 am

NMM

Navios Maritime Partners (NMM) has stated that the macro environment is challenging and trade patterns continue to be impacted. The company did not provide further details.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:36 am

OIG

Orbital Infrastructure has received a delinquency letter from Nasdaq due to the late filing of its quarterly report on Form 10-Q.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:36 am

ANF

Abercrombie & Fitch (ANF) has projected a 10% revenue growth for FY23 and expects its Q3 revenue to grow in low double-digits.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:35 am

TSLA

Future Fund co-founder and Managing Director Gary Black predicts that the launch of Tesla's Cybertruck could significantly boost the company's stock by 2030. He expects Tesla's deliveries to increase from 1.85 million in 2023 to 10.2 million by 2030, and earnings per share to rise from $3.60 in 2023 to $24 by 2030. Based on a 30 times price/earnings multiple, Black estimates that Tesla's stock could rise from around $233 currently to $720 by 2030.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 11:33 am

SHIBUSD

Backstreet Boys member Nick Carter expressed interest in the cryptocurrency Shiba Inu (CRYPTO: SHIB) in April 2021. If an investment of $100 was made in SHIB today and it reached the levels when Carter expressed his support on May 8, 2021, it would yield a profit of $70.82, representing a return of 70.82%. The total exit amount would be $170.82. Currently, SHIB is trading at $0.000008196.

Portfolio Pulse from Mehab Qureshi

August 23, 2023 | 11:32 am