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CCI

Crown Castle Inc (NYSE:CCI) reported Q2 revenues of $1.867 billion, slightly beating the consensus of $1.86 billion. Site rental revenues rose 10% Y/Y to $1.73 billion. Adjusted EBITDA increased 10% Y/Y to $1.19 billion. However, the company cut the outlook for adjusted EBITDA by $50 million at the midpoint to $4.399 billion to $4.444 billion and AFFO per share by $0.09 at the midpoint to $7.50-$7.58. CCI shares are trading lower by 4.58% Y/Y at $108.30 premarket on the last check Thursday.

Portfolio Pulse from Lekha Gupta

July 20, 2023 | 12:29 pm

PFE

Pfizer Inc has announced promising data from a Phase 2 study of its GBS6 vaccine candidate, developed to protect infants against invasive Group B Streptococcus (GBS) disease. The study enrolled 360 healthy pregnant individuals in South Africa, and the vaccine generated robust maternal antibody responses. The data suggests that GBS6 may offer meaningful protection against invasive GBS disease in newborns and young infants. Pfizer's shares are up 0.22% at $36.52 during the premarket session on the last check Thursday.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 12:27 pm

PETV

PetVivo Holdings, Inc. (NASDAQ:PETV) has achieved national distribution of its product, Spryng with OsteoCushion, to over 450 veterinary clinics across 47 states. The company is nearing a milestone of supplying its product to its 500th clinic. The product, an intra-articular injectable veterinary medical device, is used in the management of lameness and other joint related afflictions in animals.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:24 pm

CVNA

Carvana Co. (NYSE:CVNA) shares surged 40% after reporting better-than-expected Q2 sales and positive adjusted EBITDA guidance for Q3. The company also agreed with noteholders to reduce total debt, extend maturities, and lower near-term cash interest expense. Traders expect Carvana's shares to continue to rally.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 12:23 pm

ALL

The Allstate Corporation (NYSE:ALL) announced estimated catastrophe losses for June of $1.01 billion or $799 million after-tax. The losses include 18 events estimated at $1.13 billion, with 60% of the losses related to four wind and hail events. Total catastrophe losses for Q2 were $2.70 billion, pre-tax. Unfavorable prior year reserve reestimates totaled $181 million in Q2. Allstate also implemented auto rate increases of 11.6% across 12 locations in June, expected to raise annualized written premiums by approximately $1.95 billion.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:22 pm

DRRX

DURECT Corporation has announced a $15 million registered direct offering priced at-the-market under Nasdaq rules, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:22 pm

GRRR

Gorilla Technology has announced a strategic partnership with British Telecom to deliver an AI-powered Smart Port solution. This has led to an increase in Gorilla Technology's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:21 pm

EADSY

Airbus Helicopters, a unit of Airbus SE (OTC:EADSY), has received certification from the Civil Aviation Administration of China (CAAC) for the H175 helicopter, allowing it to begin deliveries in China. Four H175 helicopters will be delivered to Chinese customers in 2023. Airbus Helicopters is committed to working with the Chinese industry to develop the civil market. The company's shares were down by 0.03% to $37.63 on Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

July 20, 2023 | 12:20 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) has announced a registered direct offering and concurrent private placement, aiming to raise approximately $5.25 million. The offering includes the sale of over 2 million shares of common stock and warrants to purchase up to 1.93 million shares. The purchase price for one share and one warrant will be $2.48, with the warrants having an exercise price of $2.75. The proceeds will be used for working capital and general corporate purposes. The offering is expected to close on July 21, 2023.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:18 pm

NCPL

Netcapital has announced the pricing of a public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:18 pm