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NOG

Northern Oil and Gas (NOG) has increased its total budgeted capital expenditures guidance for 2023 from $737M-$778M to $764M-$800M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:24 pm

USNA

USANA Health Sciences has updated its fiscal 2023 net sales and diluted EPS guidance. The new net sales estimate is $900 to $950 million, up from $875 million to $950 million. The EPS guidance has also been revised to $2.65 to $3.30, from $2.40 to $3.30.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:23 pm

USNA

Usana Health Sciences has projected its net sales for FY23 to be between $900M and $950M, which is slightly lower than the estimated $940.57M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:23 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) reported Q4 revenue of $56.2 billion, up 8% YoY, beating the Street consensus estimate of $55.47 billion. EPS was $2.69, ahead of the $2.55 estimate. Microsoft Cloud quarterly revenue was $30.3 billion, up 21% YoY. Other highlights include a 12% YoY rise in Office Commercial products and cloud services revenue, a 26% YoY increase in Dynamics 365 revenue, and a 5% YoY increase in Xbox revenue. However, Windows OEM revenue was down 12% YoY. For the full fiscal year, Microsoft's revenue was $211.9 billion, up 7% YoY.

Portfolio Pulse from Chris Katje

July 25, 2023 | 8:21 pm

BLNG

Belong Acquisition Corp. (NASDAQ:BLNG) has announced the redemption price for its outstanding Class A common stock shares at approximately $10.23 per share. The company will redeem all of its public shares as it will not be able to complete an initial business combination within the required time period. The redemption process is expected to be completed within ten business days after July 27, 2023. The company's sponsor has agreed to waive its redemption rights for its Class B common stock issued prior to the IPO. The company's securities are expected to be delisted from the Nasdaq Stock Market.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:21 pm

CNI

CN has revised its full-year outlook for 2023, now expecting flat to slightly negative year-over-year growth in adjusted diluted EPS, compared to its previous expectation of mid-single digit growth. This is due to weaker than anticipated volumes in the second half of 2023. However, CN maintains its longer-term financial perspective, targeting 10%-15% annual diluted EPS growth over the 2024-2026 period.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:20 pm

BANC

Banc of California (NYSE:BANC) reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.30 by 6.67%. However, this is a 28.89% decrease from the same period last year. The company's quarterly sales were $69.63 million, missing the analyst consensus estimate of $71.65 million by 2.82%, and marking an 11.07% decrease from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

July 25, 2023 | 8:20 pm

CR

Crane Holdings (NYSE:CR) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of $0.93 by 18.28%. However, this is a 42.11% decrease from last year's earnings. The company's quarterly sales were $509.60 million, missing the analyst consensus estimate of $512.84 million by 0.63%, and marking a 41.04% decrease from last year.

Portfolio Pulse from bharat@benzinga.com

July 25, 2023 | 8:20 pm

CB

Chubb Limited (CB) expects its ownership percentage of Huatai Insurance Group to increase further during this quarter.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:18 pm

RNR

RenaissanceRe Holdings (NYSE:RNR) reported Q2 earnings of $8.79 per share, beating the analyst consensus estimate of $7.49 by 17.36%. This is a 59.53% increase from the same period last year. However, the company's quarterly sales of $1.85 billion missed the analyst consensus estimate of $1.92 billion by 3.48%, despite being a 113.76% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:18 pm