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Microsoft is marketing over 42,000 square feet of offices in Times Square for sublease, following a trend of tech firms reducing their real estate presence. Companies like Alphabet, Meta Platforms, and Amazon have also disclosed plans to reduce their real estate footprints.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 11:15 am

REVG

REV Group's board of directors has approved a new $175 million share repurchase authorization, replacing the previous $150 million program. The new authorization is effective immediately and expires in 24 months.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:13 am

GME

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SPY

Stock futures were mixed on Thursday as traders await the Federal Reserve's rate-setting meeting next week. Bond yields rose, reflecting expectations of rate hikes. The eurozone fell into a technical recession, potentially aggravating fears of a recession in the US. LPL Financial's Jeffrey Buchbinder has a muted outlook for the market, stating that the risk-reward for stocks is no longer compelling.

Portfolio Pulse from Shanthi Rexaline

June 08, 2023 | 11:11 am

SCWX

SecureWorks has reiterated its FY24 sales guidance of $380M to $400M, compared to the $390.75M estimate. The company also expects an adjusted EPS of ($0.34) to ($0.43), compared to the prior guidance of ($0.35) to ($0.26) and the ($0.33) estimate.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:11 am

GRTS

Gritstone bio has published interim results from its Phase 1 study of a self-amplifying mRNA vaccine against COVID-19 in Nature Communications. The results show promising safety and immunogenicity data.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:09 am

RENN

Renren Inc. plans to change its name to Moatable, Inc. and retire its existing ticker symbol RENN on June 22, 2023. The company will be traded under the new ticker symbol MTBL.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:04 am

SIG

Signet Jewelers has reduced its FY24 total sales outlook from $7.67B-$7.8B to $7.10B-$7.30B, below the consensus estimate of $7.73B.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:56 am

SIG

Signet Jewelers expects Q2 total sales to be between $1.53B and $1.58B, lower than the consensus estimate of $1.75B. The company cites a recent deceleration of trends, a softer than expected Mother's Day, increasing macro-economic pressures on consumers, and deeper competitive discounting.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:54 am

DBI

Designer Brands has lowered its FY23 EPS guidance to $1.20 - $1.50, down from the previous range of $1.65 - $1.75, and below the estimated $1.64.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:52 am

SIG

Signet Jewelers (SIG) has revised its guidance to reflect the current macro environment, which may impact the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:52 am