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DG

Dollar General Corp (NYSE:DG) reported Q3 FY23 sales of $9.69 billion, surpassing estimates of $9.65 billion. Same-store sales fell 1.3%, and gross profit margin dropped to 29%. Operating income declined 41.1% to $433.5 million. EPS of $1.26 beat estimates of $1.19. The company declared a quarterly dividend of $0.59 per share and reaffirmed its FY23 sales growth outlook of 1.5% to 2.5% with EPS of $7.10 to $7.60. Shares rose 4.46% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 1:26 pm

WVE

Wave Life Sciences' stock price has dropped following the announcement of a $100 million public offering of ordinary shares. The offering could dilute existing shareholders' equity, leading to the negative market reaction.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:26 pm

NEON

PRCH

VRNT

WIT

ZM

Five tech stocks with high RSI values, indicating potential overbought conditions, are Porch Group (PRCH), Neonode (NEON), Verint Systems (VRNT), Zoom Video Communications (ZM), and Wipro Limited (WIT). These stocks have seen significant price increases recently, with PRCH and NEON experiencing the highest RSI values of 85.36 and 85.75, respectively. VRNT, ZM, and WIT also have RSI values above 70, suggesting they may be due for a price correction in the short term.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 1:25 pm

SMTC

Semtech Corporation's stock is trading higher following the announcement of their third-quarter financial results and the issuance of guidance for future performance.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:23 pm

VRNT

Verint Systems' stock is trading higher following the release of their Q3 financial results, which surpassed expectations. The company also provided positive guidance for future performance.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:23 pm

HPCO

Hempacco's stock is trading higher following the announcement of an exclusive Master Distribution Agreement with CBDAY Global, which will sell Hempacco's hemp and CBD products exclusively in India and Thailand.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:22 pm

WLDS

Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW), an AI-powered touchless sensing wearables company, has announced the opening of a new U.S. office in Redwood City, California, to expand its presence in North America. The Silicon Valley location will enable the company to engage more closely with the tech community and respond to the needs of North American customers. The expansion is expected to foster growth and innovation, particularly for the Mudra Band, and enhance customer service and business relations in the region.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:21 pm

TPCS

Wynnefield Capital, the largest institutional stockholder of TechPrecision Corporation (NASDAQ:TPCS), with a 4.5% ownership, demands a public conference call to discuss TechPrecision's proposed acquisition of Votaw Precision Technologies. Wynnefield expressed concerns over the lack of transparency, the financing of the $110 million deal, potential stockholder dilution, and increased debt leverage. TechPrecision's recent share price has declined to a 52-week low, and its last acquisition, STADCO, remains poorly integrated, raising questions about the Board's decision-making and execution.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:19 pm

MAYS

J. W. Mays reported a Q4 2023 EPS of $(0.10), a decrease from $0.03 YoY. Revenue also decreased to $5.323M from $5.769M YoY.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:18 pm

SVFD

Save Foods, Inc. shares have risen after the company announced its acquisition of majority ownership in Nitrousink Ltd, targeting the US carbon credit market.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:17 pm