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VPG

Vishay Precision Group (NYSE:VPG) reported Q3 adjusted earnings of $0.47 per share, missing the analyst consensus estimate of $0.56 by 16.07%. This is a 31.88% decrease from the same period last year. The company also reported quarterly sales of $85.90 million, missing the analyst consensus estimate of $90.11 million by 4.67%. This is a 4.62% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:31 am

IREN

Iris Energy Limited (NASDAQ:IREN) reported $11.2M in mining revenue for October 2023, with a revenue per Bitcoin of $29,673. The company, which operates Bitcoin mining data centers powered by 100% renewable energy, also reported an average operating hashrate of 5,571 PH/s and mined 376 Bitcoins during the month.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:26 am

VTNR

Vertex Energy reported Q3 renewable diesel throughput of 5,397 barrels per day (BPD), with phase one capacity utilization at 67.5%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:18 am

ADTN

ALPN

ALTO

AMRC

AURA

CHRS

CLOV

SANM

VTYX

Several US stocks traded lower in Tuesday's pre-market session. Ventyx Biosciences, Alto Ingredients, Coherus BioSciences, Ameresco, Aura Biosciences, Clover Health Investments, Sanmina Corporation, Alpine Immune Sciences, ADTRAN Holdings, and Under Armour all recorded losses. The reasons for the decline include disappointing trial results, mixed Q3 financial results, downbeat Q3 results, weak quarterly sales, and wider-than-expected quarterly losses.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 11:15 am

TGI

Triumph Group has raised its FY24 net sales guidance to $1.43B-$1.47B, up from the previous $1.39B-$1.43B. The company also updated its operating income to $152.0M-$167.0M and raised its adjusted EBITDAP to $216.0M-$231.0M. The expected cash flow from operations is now $65.0M-$85.0M with free cash flow of $40.0M-$55.0M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:14 am

INGR

Ingredion has revised its 2023 net sales forecast to mid-single-digit growth, down from its previous forecast of mid to high single-digit growth. This revision is due to softer volume demand.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:13 am

USGO

U.S. GoldMining Inc. (NASDAQ:USGO) has provided an update on its 2023 Phase 1 drilling program, which began in August. The program aims to expand and increase confidence in the existing gold-copper deposits at the Whistler Gold-Copper Project in Alaska, and to test prospective exploration targets in close proximity to known resources.

Portfolio Pulse from Charles Gross

November 07, 2023 | 11:10 am

OSCR

Oscar Health has revised its FY23 adjusted EBITDA loss forecast to between $50M and $60M, which is above the high-end of the previous range of $75M to $175M. The company also expects its direct and assumed policy premiums to be at the high-end of the $6.4B to $6.6B range.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:09 am

INGR

Ingredion (NYSE:INGR) reported Q3 adjusted earnings of $2.33 per share, beating the analyst consensus estimate of $1.95, a 34.68% increase from the same period last year. However, the company's quarterly sales of $2.03 billion missed the analyst consensus estimate of $2.114 billion, a slight increase of 0.49% from last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:08 am

AAPL

NVDA

SBUX

CNBC's stock market commentator, Jim Cramer, expressed optimism about the recent market rally, refusing to dismiss it as a short-term phenomenon. He observed a broad rally in various sectors, including financials, e-commerce stocks, and semiconductor equipment. He also noted the significant decrease in long-term yields following a reversal in the bond market. Companies like Apple Inc. and Starbucks Corp. reported positive sales results last week. However, he advised investors to wait for a pullback before buying Nvidia Corp. shares.

Portfolio Pulse from Benzinga Neuro

November 07, 2023 | 11:04 am