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NI

NiSource has reported lower customer usage in Q2 due to industrial outages.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:36 am

LFUS

Littelfuse shares are trading lower following the company's Q2 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:35 am

SPR

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reported Q2 FY23 revenue growth of 8% YoY to $1.36 billion, beating consensus estimates. However, the company's stock plummeted as Q2 adjusted EPS loss expanded to $(1.46) from $(1.21) a year ago, missing consensus estimates. The company also mentioned that the IAM strike will negatively impact its 2023 performance, reducing full-year 737 deliveries and impacting expected revenue, earnings, and cash flow.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 11:35 am

ROCK

Gibraltar Industries reported better-than-expected Q2 financial results, leading to a rise in its share prices. The company also reaffirmed its FY23 revenue guidance and increased its adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:35 am

ALIT

Alight Inc. reported its Q2 financial results, which led to a decrease in its stock price. The overall market weakness may also be contributing to the stock's decline.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:35 am

BA

SPR

Spirit Aero's CEO has reported that the company has incurred impacts of nearly $200M over the last 18 months due to supply chain distress. The ongoing challenges in the supply chain have destabilized their production lines.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:35 am

TRI

Thomson Reuters Corp (NYSE: TRI) reported Q2 FY23 revenue growth of 2% YoY to $1.65 billion, slightly missing the consensus of $1.66 billion. Organic revenues increased by 5%, driven by recurring revenues. The company's 'Big 3' segments reported organic revenue growth of 7%. Adjusted EPS of $0.84 beat the consensus of $0.77. The company generated $596 million in free cash flow and held $2.86 billion in cash and equivalents. CEO Steve Hasker expressed confidence in AI opportunities. The company expects Q3 organic revenue growth rate to be at the high end of the full year, 5.5% - 6.0%.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:35 am

GSK

PFE

GSK Plc has sued Pfizer Inc, alleging that Pfizer's respiratory syncytial virus (RSV) vaccine Abrysvo violates GSK's four patent rights in its RSV shot Arexvy. Both vaccines were approved by the FDA in May for use in adults over 60. The RSV vaccine market could exceed $10 billion by 2030. The lawsuit should not affect GSK's ability to launch Arexvy. Pfizer has also filed an action against GSK in the Royal Courts of Justice in London, claiming that European counterparts to the patents are invalid.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 11:35 am

NU

The short percent of float for Nu Holdings (NYSE:NU) has decreased by 3.17% since its last report, with 73.31 million shares sold short, representing 2.44% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, compared to its peers, Nu Holdings has a higher short interest as a percentage of float, with an average of 0.92%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:34 am

WST

West Pharmaceutical Servs's (NYSE:WST) short percent of float has fallen 14.57% since its last report, indicating a more bullish sentiment towards the stock. The company has 731 thousand shares sold short, which is 1.29% of all regular shares available for trading. Compared to its peers, West Pharmaceutical Servs has less short interest.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:34 am