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BBWI

Bath & Body Works has increased its FY23 adjusted EPS outlook from $2.68-$3.08 to $2.80-$3.10, surpassing the consensus estimate of $2.99.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:09 am

BBWI

Bath & Body Works has revised its FY23 net sales forecast, now expecting a decline of 1.5%-3.5% compared to its previous forecast of flat sales to mid-single digit decline.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:06 am

BBWI

Bath & Body Works has projected a decline in net sales of 2.5%-4.0% for Q3. The company also expects earnings per share (EPS) to be between $0.30 and $0.40, which aligns with the consensus estimate of $0.37.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:04 am

RGS

Regis Corporation (NYSE:RGS) reported Q4 losses of $0.10 per share, missing the analyst consensus estimate of $0.05 by 100%. This is a 51.52% decrease from the same period last year. The company also reported quarterly sales of $55.70 million, missing the analyst consensus estimate of $56.60 million by 1.59%. This is a 15.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:02 am

TMPO

Tempo Automation has received a Nasdaq notification of noncompliance due to a delay in its Form 10-Q filing. The company has until October 16, 2023, to submit a plan to regain compliance with the Periodic Filing Rule.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 9:32 am

META

Elon Musk has criticized Meta Platforms Inc. (formerly Facebook) for manipulating the public globally and refusing to open source their algorithm. This criticism was in response to a post revealing Meta's sponsorship of activists to censor opponents during a national referendum. Musk has previously voiced concerns about Meta and its operations.

Portfolio Pulse from Benzinga Neuro

August 23, 2023 | 9:20 am

AAPL

GOOG

GOOGL

A first-generation iPhone in a sealed box has attracted bids of nearly $45,000 at an auction, which is nearly 75 times its original price. The iPhone revolutionized the smartphone industry and had a significant impact on Google's Android operating system. Rare Apple memorabilia are popular among collectors, with a 1983 letter from Steve Jobs fetching $480,000 and an original iPhone with 4GB capacity fetching $190,000.

Portfolio Pulse from Rounak Jain

August 23, 2023 | 9:14 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is facing a potential risk due to new configurator price cuts, according to Future Fund Managing Partner Gary Black. If Tesla lowers configurator vehicle prices, it could reduce the company's 2023 and 2024 earnings by 35% and 27%, respectively. Tesla's auto gross margin has been on a downward trajectory since the company began cutting prices in Q4 2022. The stock was mostly down post-earnings (July 19) due to a lack of visibility into the margin outlook.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 8:53 am

EWU

The U.K. Manufacturing Purchasing Managers Index (PMI) has dropped to 42.5, lower than the estimated 45 and the prior figure of 45.3. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:40 am

EWU

The U.K. Composite Purchasing Managers' Index (PMI) has dropped to 47.9, lower than the estimated 50.3 and the previous figure of 50.8. This indicates a contraction in the U.K. economy.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:39 am