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VRT

Vertiv Holdings Co (VRT) has projected its Q3 FY23 sales to be between $1.70 billion and $1.80 billion, surpassing the consensus estimate of $1.65 billion. The company also expects its adjusted EPS to be between $0.41 and $0.46, higher than the consensus estimate of $0.33.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:46 am

GNRC

Generac Holdings Inc. (GNRC) has revised its sales forecast for the second half of the year, expecting lower residential product sales due to a softer-than-expected consumer environment.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:45 am

MOS

Mosaic shares are trading lower following the company's mixed Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:45 am

NEWR

Raymond James analyst Adam Tindle has downgraded New Relic (NYSE:NEWR) from Strong Buy to Market Perform.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 10:45 am

GM

General Motors (GM) has issued a recall for approximately 900 older vehicles with Takata air bag inflators, following an airbag inflator rupture during a 2013 Chevrolet Camaro crash in Brazil. The recall includes 767 vehicles in the U.S., 101 in Canada, and 46 in other countries. Preliminary findings suggest a manufacturing defect as the cause of the rupture. GM shares are trading lower by 1.36% in premarket on Wednesday.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 10:45 am

AMZN

CAT

JBLU

TSLA

UBER

The S&P 500 closed lower on Tuesday, with the Nasdaq 100 and Dow Jones also experiencing changes. Caterpillar Inc shares gained 8.9% after better-than-expected Q2 results, while Uber Technologies shares fell 5.7% due to worse-than-expected Q2 revenue and Q3 guidance. JetBlue Airways shares also fell 8.3% after weak Q3 guidance. The ISM Manufacturing PMI in the US rose to 46.4 in July. Amazon.com and Tesla Inc shares also fell, contributing to the Nasdaq 100's 0.25% drop.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 10:45 am

VAL

Valaris Ltd reported Q2 2023 revenues of $415.2 million, beating the consensus of $412.3 million. However, excluding reimbursable items, revenues decreased to $390 million due to fewer operating days for the jackup fleet. The company got new contracts and extensions, with an associated contract backlog of around $180 million, increasing to $3.0 billion. The company also repurchased $65 million of shares through June 30, 2023, and $94 million to date. The company's shares closed lower by 1.15% at $75.92 on Tuesday.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 10:44 am

MTCH

Match Group reported better-than-expected Q2 results and provided an above-consensus Q3 revenue outlook, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:44 am

ELF

e.l.f. Beauty reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:44 am

CMBM

Cambium Networks reported worse-than-expected Q2 results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:44 am