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AMAT

Applied Materials (NASDAQ: AMAT) reported strong Q3 earnings, beating both revenue and EPS estimates. The company generated $6.78 billion in revenue and $2.12 EPS, surpassing analyst expectations. Applied Materials has exceeded estimates for nine consecutive quarters. The company also provided Q4 guidance, anticipating revenue of $6.53 billion and EPS between $2 and $2.36. Despite the positive results, shares were down 0.72% in after-hours trading.

Portfolio Pulse from Adam Eckert

August 15, 2024 | 8:34 pm

MUSA

Murphy USA has announced an increase in its quarterly dividend to $0.45 per share, representing a 2.3% increase from the previous dividend.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:34 pm

SNDA

Sonida Senior Living has announced a public offering of 4 million shares of its common stock.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:33 pm

LMT

Deep-pocketed investors have adopted a bearish approach towards Lockheed Martin (NYSE:LMT), as revealed by Benzinga's options scanner. The scanner highlighted 18 extraordinary options activities, with a mix of bullish and bearish sentiments. The trading volumes and open interest suggest a focus on a price band between $475.0 and $600.0. The stock is currently trading at $560.29, down by -0.52%, and is potentially overbought according to RSI values. Analysts have mixed ratings with target prices ranging from $505 to $600.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 8:32 pm

ICG

Intchains Gr (NASDAQ:ICG) reported Q2 earnings of $0.12 per share, beating the $0.04 estimate by 200%. Sales were $16.93M, surpassing the $12.08M estimate by 40.16%. This marks a significant improvement from the same period last year, with a 400% increase in EPS and a 782.99% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:32 pm

ADSK

Autodesk has continued a controversial sales practice despite pledging to halt it, ignoring internal warnings about accounting risks. Activist investor Starboard Value is pushing for leadership changes over the handling of an accounting probe.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:31 pm

CARA

CRBP

EAST

GENE

GNLN

GRWG

SMG

UGRO

XXII

On August 15, 2024, several cannabis stocks experienced significant price movements. Notable gainers included Leafbuyer Techs, CLS Holdings USA, and Kaya Holdings, while Australis Capital and Greenlane Holdings were among the biggest losers.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 8:30 pm

FLEX

Flex Ltd. has filed for a mixed shelf offering, according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:29 pm

HRB

H&R Block has provided its fiscal year 2025 outlook, projecting revenue between $3.69 billion and $3.75 billion, EBITDA between $975 million and $1.02 billion, and an effective tax rate of approximately 13%. The company expects adjusted diluted EPS to be in the range of $5.15 to $5.35, significantly higher than the $4.30 estimate.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:26 pm

BNGE

DIS

FERG

IXP

JRNY

SYY

VOX

Trian Fund Management, led by Nelson Peltz, sold a significant portion of its stake in Disney but still retains a smaller position. The fund also made various other trades, including selling shares of Ferguson Plc and Sysco Corp., and buying shares of UHaul, Solventum Corporation, and Rentokil Initial. Disney's stock and related ETFs saw positive movement following the news.

Portfolio Pulse from Michael Juliano

August 15, 2024 | 8:25 pm