Streetbeat News

Stock Prices

LYV

Live Nation Entertainment reported better-than-expected Q2 financial results, leading to a rise in its share prices. Several firms have also increased their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:58 pm

CNC

Healthcare company Centene Corporation (NYSE:CNC) reported Q2 profits of $1 billion for 2023, driven by increased enrollment. The company's adjusted EPS was $2.10, up from $1.77 a year ago, beating the consensus of $2.05. Sales increased to $37.61 billion from $35.94 billion, beating the consensus of $36.04 billion. Centene raised its full-year earnings forecast to at least $6.45 per share from at least $6.40. The company also increased its 2023 premium and services revenue forecast range by $1.8 billion. However, CNC shares are down 0.64% at $69.50 during the premarket session on the last check Friday.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 3:56 pm

AMD

INTC

Shares of Advanced Micro Devices, Inc. (AMD) are trading higher by 2.76% following strong quarterly results from Intel Corporation and KLA Corp. Intel's Q2 revenue was $12.9 billion, a 15% YoY decrease, but exceeded the analyst consensus estimate of $10.97 billion. AMD has a 52-week high of $132.83 and a 52-week low of $54.57.

Portfolio Pulse from Henry Khederian

July 28, 2023 | 3:56 pm

SQ

Exane BNP has upgraded Block's stock from Underperform to Outperform and set a new price target of $95. This has led to an increase in the trading of Block shares.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:55 pm

GOGO

Gogo Inc. has announced a delay in the launch of its Gogo 5G system due to a design error, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:53 pm

GOGO

Gogo Business Aviation (NASDAQ:GOGO) has announced a delay in the launch of its Gogo 5G system due to a design error in a non-5G component of its chip. The delay is expected to reduce 2023 revenue by approximately $7 million and defer about $13 million in operating and capital expenses from 2023 into 2024. Despite the delay, Gogo remains confident in its 5G product and plans to launch it in mid-2024.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 3:52 pm

FIXX

Homology Medicines is considering strategic options, which has led to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:51 pm

GTLS

Chart Industries reported strong Q2 earnings per share (EPS) results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:49 pm

TNXP

Tonix Pharmaceuticals has priced its public offering of 7 million shares at $1 per share, which has led to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:49 pm

PFG

Principal Financial Group's shares are trading lower following the company's worse-than-expected Q2 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:48 pm