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WTRG

Essential Utilities reported Q2 earnings per share (EPS) in line with expectations, but its Q2 revenue fell short of forecasts. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:32 pm

F

Ford Motor's (NYSE:F) short percent of float has fallen 11.16% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 144.04 million shares sold short, which is 3.98% of all regular shares available for trading. Compared to its peers, Ford has less short interest as a percentage of float, with the average being 10.67%.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:30 pm

BN

Brookfield's (NYSE:BN) short percent of float has risen 25.84% since its last report, with 16.61 million shares sold short, which is 1.12% of all regular shares available for trading. It would take traders 6.67 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Brookfield's peer group average for short interest as a percentage of float is 3.13%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:30 pm

HLN

Haleon's (NYSE:HLN) short percent of float has risen 17.86% since its last report, with 15.32 million shares sold short, representing 0.33% of all regular shares available for trading. It would take traders 3.65 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.46%.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:30 pm

KD

Kyndryl Holdings, Inc. (NYSE:KD) shares are trading higher after the company raised its fiscal 2024 earnings outlook. The company reported Q1 2024 revenues of $4.2 billion and a net loss of $141 million. However, it raised its fiscal 2024 adjusted EBITDA margin outlook to 14%, up from 12-13%, and expects positive adjusted free cash flow and at least $100 million in adjusted pretax income for fiscal 2024.

Portfolio Pulse from Erica Kollmann

August 08, 2023 | 3:30 pm

BR

Broadridge Financial Solutions Inc (NYSE:BR) reported a Q4 FY23 revenue growth of 7% to $1.84 billion, missing the consensus of $1.89 billion. Recurring revenues and Distribution revenues increased by 7% and 9% respectively. Adjusted EPS of $3.21 beat the consensus of $3.10. The company's Board of Directors declared a quarterly dividend per share of $0.80, reflecting an annual dividend per share increase of 10% to $3.20 from $2.90. For FY24, Broadridge expects adjusted recurring revenue growth of 6% - 9%, and adjusted EPS growth of 8% - 12% Y/Y. BR shares are trading higher by 4.86% at $174.23.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 3:28 pm

J

Jacobs Solutions reported better-than-expected Q3 revenue results and issued FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:26 pm

NIO

XPEV

Chinese electric vehicle companies' shares are trading lower following Li Auto's Q2 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:23 pm

ADI

AMAT

AMD

AMKR

Semiconductor stocks are trading lower due to overall market weakness following Moody's downgrade of multiple banks' credit ratings. This has negatively impacted risk sentiment and put pressure on tech and growth stocks.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:22 pm

PLTR

Palantir Technologies (NYSE:PLTR) reported lower-than-expected Q2 revenue of $533.32 million, causing its shares to trade lower. However, the company raised its full-year revenue guidance to over $2.212 billion and announced a $1 billion share repurchase program. Several analysts updated their ratings and price targets for PLTR, with most maintaining or raising their targets.

Portfolio Pulse from Erica Kollmann

August 08, 2023 | 3:21 pm