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MVLA

Movella has received a notification from Nasdaq due to a delay in filing its Form 10-Q. The company is required to submit a plan to regain compliance with Nasdaq's listing rules within 60 calendar days.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:17 pm

HSIC

Henry Schein, Inc. received a deficiency notice from Nasdaq due to its failure to timely file its quarterly report. The company is working to resolve the issue and regain compliance with Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:16 pm

INFN

Infinera Corporation has received a notification from Nasdaq regarding a delinquency due to the company's failure to meet the deadline for filing its financial statements. This notice is a standard procedure when a listed company does not comply with Nasdaq's filing requirements. Infinera is expected to submit a plan to regain compliance and avoid potential delisting. The company's stock, traded under the symbol INFN, may face volatility as investors react to the news of the filing delay and the risk of non-compliance with Nasdaq regulations.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:01 pm

AMZN

HD

TGT

WMT

Walmart Inc (WMT) exceeded Q3 earnings and revenue estimates but issued cautious holiday guidance, causing shares to drop over 7%. Revenue growth was driven by strong grocery and digital sales, with Walmart U.S. comparable sales up 4.9% YoY. Adjusted EPS was $1.53, above the expected $1.52. Annual guidance was slightly below expectations at $6.40-$6.48 per share. Walmart, Target (TGT), and Home Depot (HD) noted easing inflation, but consumer deal-seeking behavior may impact holiday sales. Walmart competes with Amazon (AMZN) in fast holiday deliveries, with both expanding their fulfillment capabilities.

Portfolio Pulse from Upwallstreet

November 16, 2023 | 9:57 pm

AMZN

DELL

SONY

Dell Technologies Inc is offering a $100 discount on the Sony PSVR2 Horizon Call of the Mountain bundle for Black Friday, priced at $499.99. This exclusive deal at Dell is the only known discount for the PSVR2 bundle. The PSVR2 headset features advanced technology and requires a PS5 console. Additionally, Amazon.com Inc has reduced the price for Gran Turismo 7, which may see further discounts during Black Friday.

Portfolio Pulse from Franca Quarneti

November 16, 2023 | 9:52 pm

ROST

Ross Stores, Inc. (NASDAQ:ROST) reported Q3 earnings of $1.33 per share, beating estimates of $1.21 and showing a 33% increase from the previous year. Revenue was $4.92 billion, exceeding expectations of $4.82 billion. The company raised its FY23 EPS forecast from $5.15-$5.26 to $5.30-$5.36, while maintaining Q4 sales guidance. CEO Barbara Rentler highlighted strong sales, an improved operating margin of 11.2%, and favorable customer response to value offerings. After-hours trading saw ROST shares rise by 5.47% to $126.72.

Portfolio Pulse from Ryan Gustafson

November 16, 2023 | 9:48 pm

AENZ

AENZA has notified the NYSE of its intention to voluntarily delist its American Depositary Shares (ADSs) from the exchange. Each ADS represents 15 of AENZA's common shares.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:44 pm

BHF

Brighthouse Financial has announced a new stock repurchase program, under which the company is authorized to buy back up to $750 million of its own shares. This move is typically seen as a sign of confidence by the company's management in the firm's financial health and future prospects. It can also be interpreted as a strategy to enhance shareholder value by potentially increasing earnings per share and return on equity, as well as by showing a commitment to returning capital to shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:40 pm

PRI

Primerica's Board has authorized a new share repurchase program, allowing the company to buy back up to $425 million worth of its shares until December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:40 pm

GPS

Gap Inc. shares have risen following the announcement of their third-quarter financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:40 pm