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HOOD

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YUM

Insiders at Robinhood Markets, Yum! Brands, The Gap, and The Charles Schwab Corporation have recently sold shares. Robinhood's Chief Legal Officer sold 12,500 shares following mixed Q3 results. Yum! Brands' CEO sold 9,600 shares after Q3 sales growth missed analyst estimates. The Gap's EVP sold 8,712 shares as Evercore ISI Group initiated coverage with an Outperform rating. Charles Schwab's CFO sold 3,114 shares after better-than-expected Q3 earnings.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 12:32 pm

LITE

Lumentum Holdings (NASDAQ:LITE) reported Q1 earnings of $0.35 per share, beating the analyst consensus estimate of $0.27 by 29.63%. However, this is a 79.29% decrease from the same period last year. The company also reported quarterly sales of $317.60 million, beating the estimate of $312.65 million by 1.58%, but this is a 37.33% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:32 pm

MCFT

MasterCraft Boat Hldgs (NASDAQ:MCFT) reported Q1 adjusted earnings of $0.47 per share, beating the analyst consensus estimate of $0.40 by 17.5%. However, this is a 67.13% decrease from the same period last year. The company also reported quarterly sales of $104.20 million, beating the analyst consensus estimate of $96.63 million by 7.83%, but this is a 38.53% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:31 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) stock rallied in premarket trading following its Q3 results, which exceeded consensus estimates. The company reported a non-GAAP loss of $1.19 per share, narrower than the year-ago loss of $1.57 per share, and revenue climbed 150% to $1.34 billion. Rivian also raised its 2023 production guidance from 52,000 units to 54,000 units and ended its exclusivity agreement with Amazon for electric delivery vans. Needham analyst Chris Pierce reiterated a Buy rating on Rivian stock but reduced the price target from $31 to $25.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 12:31 pm

LPRO

Canaccord Genuity analyst Joseph Vafi has downgraded Open Lending (NASDAQ:LPRO) from Buy to Hold and lowered the price target from $20 to $5.5.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:28 pm

MGIC

Magic Software has projected its Q3 2023 revenue to be around $129.3M, which is significantly lower than the estimated $146.4M and the prior range of $142.4M-$143.1M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:28 pm

MMTOF

NSANY

RNLSY

Renault SA has reduced its stake in Nissan Motor Co., Ltd. from 43.4% to 15%, transferring the remaining 28.4% shares into a French trust. Renault and Nissan now have a cross-shareholding of 15% with lock-up and standstill obligations. Renault continues to benefit from the economic rights from the entrusted Nissan shares until they are sold. Mitsubishi Motors is also a member of the Alliance with Renault and Nissan Motor. The alliance will continue to identify key projects across markets.

Portfolio Pulse from Nabaparna Bhattacharya

November 08, 2023 | 12:27 pm

LCID

TSLA

Tesla CEO Elon Musk has criticized Lucid Group following its Q3 earnings report, which showed a loss of 28 cents per share and revenue of $137.8 million. Lucid delivered 1,457 vehicles in the quarter, leading to a loss of $433,081 per vehicle. Musk's comments come after Lucid cut its production guidance to 8,000-8,500 vehicles for the year, down from over 10,000. Lucid's vehicles are expensive, potentially limiting its consumer base.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 12:26 pm

EVRI

Everi Hldgs (NYSE:EVRI) reported Q3 2023 earnings of $0.44 per share, beating the analyst consensus estimate of $0.25 by 76%. However, the company's quarterly sales of $206.60 million missed the analyst consensus estimate of $208.73 million by 1.02%.

Portfolio Pulse from vinayak@benzinga.com

November 08, 2023 | 12:24 pm

VERI

Veritone has revised its FY23 revenue forecast to $126.4M-$128.0M, down from the previous estimate of $128M-$135M. The company also expects a non-GAAP net loss of $36M-$37M, higher than the previous range of $28M-$33M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:16 pm