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EMR

Emerson Electric reported worse-than-expected Q4 financial results and issued Q1 adjusted EPS guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:50 pm

APD

Air Products & Chemicals reported mixed Q4 financial results and issued guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:49 pm

AMD

NVDA

AMD's CEO Lisa Su expects the company's new MI300 to drive significant revenues, with Data Center GPU revenue projected to reach $400 million in Q4 and exceed $2 billion in 2024. Major tech companies including Microsoft, Meta Platforms, Oracle, Google, and Amazon are likely to have placed orders for the MI300. However, supply chain issues and increased order volume could stress AMD's Q3 and lead to an oversupply in Q4. Meanwhile, Nvidia continues to capitalize on its near monopoly in generative AI-capable GPUs.

Portfolio Pulse from Surbhi Jain

November 07, 2023 | 1:47 pm

PMTS

CPI Card Group has projected a mid-single digit decline in net sales for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:46 pm

AMRC

Renewable energy company Ameresco Inc's shares have dropped by 19% following worse-than-expected Q3 FY23 results. The company reported revenue of $335.1 million, missing the consensus of $385.2 million due to supply chain issues and contract conversion delays. Adjusted EBITDA was $43.3 million, down from $57.9 million a year ago. The company has lowered its FY23 outlook due to ongoing industry issues.

Portfolio Pulse from Lekha Gupta

November 07, 2023 | 1:44 pm

TRIP

TripAdvisor Inc's shares are trading higher after the company reported better-than-expected Q3 financial results. The company's Q3 revenue was $533 million, beating estimates of $505.24 million, and Q3 EPS was 52 cents, beating estimates of 47 cents. The company reported a 16% YoY increase in revenues, with core revenue up 2%, Viator revenue up 41%, and TheFork revenue up 20%. The company ended the quarter with $1.1 billion in cash and equivalents.

Portfolio Pulse from Adam Eckert

November 07, 2023 | 1:43 pm

KMF

KYN

Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (KMF) announced the preliminary results of the elections made by KMF stockholders regarding the merger between KYN and KMF. Approximately 54.7% of KMF stockholders elected to receive newly issued common stock of KYN or were deemed to have made this election, while approximately 45.3% elected to receive cash. The final results will be available after the merger closes, which is expected on November 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:43 pm

TRIP

TripAdvisor reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:43 pm

BRGC

CALC

GCI

LOCL

Insiders at four companies, Local Bounti Corporation (LOCL), CalciMedica, Inc. (CALC), Gannett Co., Inc. (GCI), and BrightRock Gold Corp. (BRGC), have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects. However, each company has faced challenges recently, including downgrades, wider losses, worse-than-expected revenues, and stock declines.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:42 pm

TGLS

Tecnoglass Inc (NYSE:TGLS) reported a 4.4% Y/Y revenue growth to $210.7 million, beating the consensus of $207.6 million, and adjusted EPS of 98 cents, beating the consensus of 97 cents. The company tightened its FY23 sales outlook to $835 million-$848 million and revised the adjusted EBITDA outlook to $300 million-$308 million. The company has a dividend yield of 1.19%, which is a quarterly dividend amount of 9 cents a share. However, the company's shares fell 12.1% to close at $30.13 on Monday.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:42 pm