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WIT

Wipro Limited (NYSE:WIT) reported Q1 FY24 gross revenue of $2.782 billion, a 6% Y/Y increase, slightly beating the consensus of $2.78 billion. IT Services revenue grew 0.8% Y/Y to $2.78 billion. Net income was $349.8 million, up by 12% Y/Y. However, EPS of $0.06 missed the consensus of $0.07. Wipro held $1.02 billion in cash and equivalents as of June 30. Wipro's shares traded higher by 1.27% at $4.80 premarket on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 11:22 am

META

RBLX

Roblox Corp's online game will soon be available on Meta Platforms' Quest virtual reality headsets. The game will initially arrive as a beta version on Quest 2 and Quest Pro, and will also work on the upcoming Quest 3. Roblox's developer community can now optimize their games for Quest and build new ones for VR. Roblox shares are trading higher by 1.24% premarket.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 11:17 am

FAST

Fastenal's Q2 earnings and revenue fell short of expectations, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 11:12 am

DIS

Shares of Walt Disney Co. (NYSE:DIS) advanced in premarket trading following the announcement that CEO Bob Iger's term has been extended for two more years until the end of 2026. KeyBanc Capital Markets analyst Brandon Nispel considers the extension neutral to the stock, noting that the company may have faced challenges in finding a suitable replacement for Iger. The extension allows Iger more time to implement significant restructuring and cost-saving initiatives across various business segments.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 11:11 am

BABA

BIDU

JD

JD.com Inc is developing artificial intelligence applications similar to OpenAI's ChatGPT. The company plans to launch a service called ChatRhino for use in e-commerce, logistics, and marketing. The service will be extended to enterprise clients in the first half of 2024. JD.com's stock is trading higher by 3.02% at $38.53 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 11:11 am

SVRA

Savara Inc. has priced a public offering of 21 million shares at $3.00 per share and 5.7 million pre-funded warrants to purchase common stock at $2.999 per pre-funded warrant. The gross proceeds from this offering are expected to be approximately $80 million.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 11:07 am

FWBI

First Wave Biopharma has received topline results from its Phase 2 SPAN trial of formulated Adrulipase for Exocrine Pancreatic Insufficiency in Cystic Fibrosis patients. The preliminary data suggests that it is unlikely the primary efficacy endpoint was achieved.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 11:04 am

GOLD

Barrick Gold has reported preliminary Q2 sales of 1.00 million ounces of gold and 101 million pounds of copper.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 11:02 am

SONY

Sony Group has announced plans to increase its R&D spending in its gaming business, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:57 am

DIS

META

QQQ

SPY

VSAT

US stocks are set to open higher due to relief from inflation and optimism about earnings. The June inflation report showed consumer prices growing at the slowest month-over-month rate since March 2021. Analysts have differing views on the market rally. SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ ETF (NASDAQ:QQQ) rose in premarket trading. Viasat, Inc. (NASDAQ:VSAT) shares fell over 22% due to an anomaly during the deployment of its ViaSat-3 Americas satellite. Walt Disney, Inc. (NYSE:DIS) and Meta Platforms, Inc. (NASDAQ:META) saw a rise in their shares.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 10:53 am