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SPOT

Spotify Technology SA reported Q3 FY23 revenue growth of 11% YoY to $3.65 billion, beating the consensus of $3.34 billion. Premium Revenue grew 10% YoY to €2.91 billion, helped by subscriber additions. Total MAUs rose 26% YoY to 574 million. Premium Subscribers grew 16% YoY to 226 million. The company held €3.8 billion in cash and equivalents and generated €216 million in free cash flow. SPOT shares traded higher by 2.04% at $157.76 premarket on the last check Tuesday.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 12:19 pm

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The article lists five tech stocks that are currently oversold and could potentially boost a portfolio. These include SEALSQ Corp, Cerence Inc., NVE Corporation, Verint Systems Inc., and NetScout Systems, Inc. The companies have reported various financial results, with some experiencing growth and others facing challenges. The stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 12:17 pm

MTEK

Maris-Tech (MTEK) has regained compliance with the Nasdaq's minimum closing bid price rule. This means that the company's stock will continue to be listed on the Nasdaq exchange.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:11 pm

FELE

Franklin Electric has projected its FY23 sales to be between $2.05B and $2.15B, which is lower than the estimated $2.16B. The company also expects its FY23 EPS to be between $4.07 and $4.17, lower than the estimated $4.29.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:06 pm

FELE

Franklin Electric (NASDAQ:FELE) reported Q3 earnings of $1.23 per share, missing the analyst consensus estimate of $1.29 by 4.65%. This is a 0.81% decrease from the same period last year. The company also reported quarterly sales of $538.40 million, missing the analyst consensus estimate of $581.57 million by 7.42%. This is a 2.41% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:04 pm

ITW

Illinois Tool Works (NYSE:ITW) reported Q3 earnings of $2.55 per share, beating the analyst consensus estimate of $2.46 by 3.66%. This is an 8.51% increase from the same period last year. However, the company's quarterly sales of $4.03 billion missed the analyst consensus estimate of $4.09 billion by 1.47%.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:01 pm

BBIO

Analysts have provided bullish ratings for BridgeBio Pharma (NASDAQ:BBIO) in the last quarter. In the last 3 months, 4 analysts have offered 12-month price targets for BridgeBio Pharma with an average price target of $52.0, an increase of 13.04% from the previous average price target of $46.00.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 12:01 pm

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XLP

On CNBC's 'Halftime Report Final Trades', Liz Young of BNY Mellon Investment Management recommended Consumer Staples Select Sector SPDR Fund (XLP), Joseph Terranova of Virtus Investment Partners picked Uber Technologies (UBER), Anastasia Amoroso is buying shares of Invesco QQQ Trust (QQQ), and Stephen Weiss of Short Hills Capital Partners named Bitcoin (BTC) as his final trade. Uber is set to report its Q3 financial results on Nov. 7, 2023. Invesco QQQ Trust and Uber shares rose, while XLP fell.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 12:01 pm

CUBE

In the last quarter, CubeSmart (NYSE:CUBE) received 1 bullish, 2 somewhat bullish, and 3 indifferent analyst ratings. Over the past 3 months, 6 analysts have offered 12-month price targets for CubeSmart, with an average price target of $45.5, a decrease of 7.61% from the previous average price target of $49.25.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 12:01 pm

ASO

Academy Sports (NASDAQ:ASO) has received mostly bullish ratings from analysts in the last quarter, with an average price target of $65.73, up 3.68% from the previous average of $63.40. The ratings are based on predictions of the company's future earnings and revenue streams.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 12:00 pm