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NVO

Novo Nordisk announced positive results from the SELECT cardiovascular outcomes trial, showing that Semaglutide 2.4 mg reduced the risk of major adverse cardiovascular events by 20%. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:51 am

LLY

Eli Lilly has increased its FY23 revenue guidance to $33.4B-$33.9B, up from the previous guidance of $31.2B-$31.7B, surpassing the consensus of $31.44B. The company also raised its adjusted EPS forecast to $9.70-$9.90 from the earlier guidance of $8.65-$8.85, beating the consensus of $8.71.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:50 am

AYX

BYND

IFF

PTRA

Several big stocks recorded losses in Tuesday's pre-market trading session. Proterra Inc. filed for Chapter 11 bankruptcy protection, causing its shares to tumble 63%. Alteryx, Inc. declined 25% after reporting weak Q2 results and Q3 revenue guidance. International Flavors & Fragrances Inc. shares tumbled 21.6% after reporting worse-than-expected Q2 results and a reduced FY23 outlook. Beyond Meat, Inc. shares dipped 16% after reporting downbeat Q2 results and a weak revenue forecast for FY23. Other companies that saw their shares decline include Maravai LifeSciences Holdings, Inc., American Superconductor Corporation, RingCentral, Inc., Rigetti Computing, Inc., Upstart Holdings, Inc., Hercules Capital, Inc., Safehold Inc., Coterra Energy Inc., and Li Auto Inc.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 10:37 am

AHCO

AdaptHealth Corp. has updated its FY23 forecast, expecting a net revenue of $3.16B-$3.20B, slightly above the consensus of $3.14B. The company also anticipates an Adjusted EBITDA of $650 million-$680 million, with total capital expenditures representing 10-12% of net revenue.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:37 am

CHH

Choice Hotels has increased its FY23 outlook, adjusting its EPS to $5.86 - $6.01 from the previous $5.70 - $5.90. This is higher than the estimated $5.89.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:35 am

DEA

Easterly Government Props (NYSE:DEA) reported Q2 earnings of $0.29 per share, meeting analyst consensus. This is a 12.12% decrease from last year. The company's quarterly sales of $71.37M beat the analyst consensus of $70.64M by 1.04%, but it's a 1.90% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:33 am

QSR

Restaurant Brands International (QSR) reported a 10% increase in global comparable sales.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:31 am

FISV

Fiserv, Inc. has entered into a stock purchase agreement with ValueAct Capital Master Fund, L.P. to repurchase 4,098,935 shares at $121.9829 per share. The total purchase price is approximately $500 million. This repurchase is part of the previously announced repurchase authorization for up to 75.0 million shares approved by the company's board of directors.

Portfolio Pulse from Charles Gross

August 08, 2023 | 10:18 am

AMC

AMC Entertainment Holdings Inc. has reported a 12.2% year-on-year increase in attendance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:18 am

SNCE

Science 37 Holdings, Inc. (NASDAQ:SNCE) expects its cash burn in Q3 2023 to be less than $10 million, and for the second half of 2023 to be less than $15 million. The company plans to exit FY23 with more than $50 million of cash in hand.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:15 am