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HR

Healthcare Realty Trust (NYSE:HR) has announced a $500 million stock repurchase authorization. The repurchases will be made at management's discretion and funded on a leverage neutral basis with proceeds from asset sales. The authorization expires on May 31, 2024.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:31 pm

CNTB

Connect Biopharma announces positive long-term data from the maintenance period through Week 48 of CN002 Phase 2 Icanbelimod trial in patients with moderate-to-severe ulcerative colitis. Icanbelimod demonstrated sustained clinical remission in 80% of patients and continued to be well-tolerated.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:31 pm

AVGO

Broadcom Inc (NASDAQ: AVGO) reported Q2 revenue of $8.73 billion, up 8% YoY, beating analyst estimates of $8.71 billion. Adjusted earnings were $10.32 per share, also surpassing estimates of $10.08 per share. The company repurchased 5.6 million shares and declared a quarterly dividend of $4.60 per share. Despite the positive results, Broadcom's stock fell 3.03% in after-hours trading.

Portfolio Pulse from Adam Eckert

June 01, 2023 | 8:26 pm

LULU

Lululemon Athletica (NASDAQ:LULU) reported Q1 revenue of $2 billion, up 24% YoY, beating the Street consensus estimate of $1.92 billion. EPS was $2.28, surpassing the estimate of $1.98. The company expects Q2 revenue to be between $2.14 billion and $2.17 billion, with full-year revenue ranging from $9.44 billion to $9.51 billion.

Portfolio Pulse from Chris Katje

June 01, 2023 | 8:25 pm

PD

PagerDuty forecasts FY24 EPS of $0.60-$0.65, below the estimated $0.44, and revenue of $425.0M-$430.0M, lower than the expected $448.26M.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 8:24 pm

LULU

Lululemon reported better-than-expected Q1 results, leading to a surge in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 8:23 pm

ESTC

Elastic expects FY24 total revenue to be between $1.238B and $1.250B, with a consensus of $1.25B. The company also forecasts non-GAAP EPS of $0.94-$1.06, beating the consensus of $0.89.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 8:23 pm

RC

Ready Capital Corporation (NYSE:RC) announces a $100 million stock repurchase program approved by its Board of Directors. The repurchases may be made on the open market, in privately negotiated transactions, or otherwise, subject to compliance with SEC rules and legal requirements.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:23 pm

PD

PagerDuty expects Q2 EPS of $0.10-$0.11, beating the $0.09 estimate, but forecasts revenue of $103.5-$105.5M, lower than the $108.6M estimate.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 8:23 pm

LILM

Lilium has regained compliance with Nasdaq listing rules, avoiding potential delisting.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:19 pm