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MRVL

Marvell Technology Inc (NASDAQ:MRVL) reported better-than-expected Q1 earnings with EPS of 31 cents and revenues of $1.322 billion. The company's AI segment is expected to double its revenue in fiscal 2024. Shares rose 16.45% to $57.61 in after-hours trading.

Portfolio Pulse from AJ Fabino

May 25, 2023 | 9:03 pm

MSCI

MSCI has outperformed the market over the past 10 years, producing an average annual return of 29.48%. If an investor had bought $1000 of MSCI stock 10 years ago, it would be worth $13,313.64 today.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 9:01 pm

MNMD

FCM MM Holdings is urging Mind Medicine shareholders to vote on its Blue Proxy to restore shareholder value and protect the company from the current Board and management team's destructive status quo. FCM is pushing for the election of its four nominees at the 2023 annual general meeting.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 9:01 pm

MMC

Marsh & McLennan (NYSE:MMC) has outperformed the market over the past 10 years, producing an average annual return of 15.73%. A $100 investment in MMC 10 years ago would be worth $427.70 today.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 9:01 pm

WDAY

Workday Inc (NASDAQ:WDAY) reported better-than-expected Q1 results with revenue of $1.68 billion, up 17.4% YoY, and earnings of $1.31 per share. The company guided for Q2 subscription revenue of $1.611 billion to $1.613 billion and full-year subscription revenue between $6.55 billion and $6.575 billion. Zane Rowe was appointed as CFO, effective June 12.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 8:45 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) announced a registered offering of $150 million worth of convertible senior notes due in 2027, with a 30-day period for underwriters to purchase an additional $22.5 million. The company plans to use the proceeds to finance the repurchase of outstanding convertible senior notes due in 2023 and 2024.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 8:36 pm

MRVL

Marvell reported strong Q1 results and issued upbeat guidance, expecting AI revenue to at least double in 2024. Shares are trading higher.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:34 pm

WDAY

Workday shares are trading higher following the company's better-than-expected Q1 results.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:33 pm

COST

Costco Wholesale Corp (NASDAQ:COST) reported Q3 net sales of $52.6 billion, up 1.9% YoY, and total revenue of $53.65 billion, missing the Street consensus estimate of $54.57 billion. Membership revenue was $1 billion, compared to $984 million in the year ago period. Comparable sales in the US dropped by 0.1%, while ecommerce sales declined by 10%.

Portfolio Pulse from Chris Katje

May 25, 2023 | 8:33 pm

ALKS

Alkermes has filed its definitive proxy statement with the SEC and issued a letter to shareholders regarding its 2023 Annual General Meeting, scheduled for June 29, 2023. Sarissa Capital Management intends to nominate three director candidates for election at the meeting.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:31 pm