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BLNG

Belong Acquisition Corp. (NASDAQ:BLNG) has announced the redemption price for its outstanding Class A common stock shares at approximately $10.23 per share. The company will redeem all of its public shares as it will not be able to complete an initial business combination within the required time period. The redemption process is expected to be completed within ten business days after July 27, 2023. The company's sponsor has agreed to waive its redemption rights for its Class B common stock issued prior to the IPO. The company's securities are expected to be delisted from the Nasdaq Stock Market.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:21 pm

CNI

CN has revised its full-year outlook for 2023, now expecting flat to slightly negative year-over-year growth in adjusted diluted EPS, compared to its previous expectation of mid-single digit growth. This is due to weaker than anticipated volumes in the second half of 2023. However, CN maintains its longer-term financial perspective, targeting 10%-15% annual diluted EPS growth over the 2024-2026 period.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:20 pm

BANC

Banc of California (NYSE:BANC) reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.30 by 6.67%. However, this is a 28.89% decrease from the same period last year. The company's quarterly sales were $69.63 million, missing the analyst consensus estimate of $71.65 million by 2.82%, and marking an 11.07% decrease from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

July 25, 2023 | 8:20 pm

CR

Crane Holdings (NYSE:CR) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of $0.93 by 18.28%. However, this is a 42.11% decrease from last year's earnings. The company's quarterly sales were $509.60 million, missing the analyst consensus estimate of $512.84 million by 0.63%, and marking a 41.04% decrease from last year.

Portfolio Pulse from bharat@benzinga.com

July 25, 2023 | 8:20 pm

CB

Chubb Limited (CB) expects its ownership percentage of Huatai Insurance Group to increase further during this quarter.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:18 pm

RNR

RenaissanceRe Holdings (NYSE:RNR) reported Q2 earnings of $8.79 per share, beating the analyst consensus estimate of $7.49 by 17.36%. This is a 59.53% increase from the same period last year. However, the company's quarterly sales of $1.85 billion missed the analyst consensus estimate of $1.92 billion by 3.48%, despite being a 113.76% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:18 pm

APH

Amphenol Inc.'s stock has increased by 2.52% over the past month and by 13.37% over the past year. The company's P/E ratio of 27.05 is higher than the industry average of 21.98, which could indicate that the stock is overvalued. However, the P/E ratio should be used with caution and in conjunction with other financial metrics and industry trends.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:15 pm

BANC

Banc of California (NYSE:BANC) reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.30 by 6.67%. However, this is a 28.89% decrease from the same period last year. The company's quarterly sales were $69.63 million, missing the analyst consensus estimate of $71.65 million by 2.82%, and marking an 11.07% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:13 pm

RUSHA

Rush Enterprises has announced a three-for-two stock split for both its Class A and Class B common stock.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:13 pm

SNAP

Snap Inc. has reported a 14% increase in daily active users to 397 million for Q2 2023.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:11 pm