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AZTR

Azitra Inc (NASDAQ:AZTR) is set to IPO on May 25, offering shares at an expected price between $4.50 and $5.50 per share. The company focuses on developing innovative therapies for precision dermatology using engineered proteins and live biotherapeutic products.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 3:03 pm

REPYY

Repsol S.A. is considering selling a 49% stake in its Spanish wind farm and photovoltaic power plants, worth €700 million to €800 million. The renewable plants have a total capacity of 600 megawatts. Repsol also announced that its first solar project in Chile with Ibereólica Renovables Group has begun producing electricity.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2023 | 3:03 pm

IONQ

IonQ shares are trading lower due to profit taking following yesterday's rally.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 3:01 pm

C

GMBXF

Citigroup plans to pursue an IPO of its consumer, small business, and middle-market banking operations in Mexico under the Banamex brand. The separation is expected to be completed by the second half of 2024, with the IPO occurring in 2025. Citi's stock is trading lower following the announcement.

Portfolio Pulse from Anusuya Lahiri

May 24, 2023 | 3:01 pm

META

Meta Platforms, Inc (NASDAQ:META) stock is down Wednesday as the company begins its third round of layoffs, affecting close to 10,000 workers. Meta also lost a lawsuit against EU regulators and faces a $1.3 billion penalty for user privacy invasion.

Portfolio Pulse from Anusuya Lahiri

May 24, 2023 | 3:00 pm

PANW

Palo Alto Networks (NASDAQ:PANW) reported a 28.03% increase in earnings to $107.80 million and a 3.99% increase in sales to $1.72 billion during Q3. The company posted a return on invested capital (ROIC) of 0.9%, indicating effective capital allocation. Q3 earnings per share were $1.1, beating analyst predictions of $0.93.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 3:00 pm

SCL

Stepan (NYSE:SCL) reported Q1 earnings of $16.14 million, a 48.99% increase from the previous quarter, and sales of $651.44 million, a 3.87% increase since Q4. The company posted a return on capital employed (ROCE) of 0.01%, indicating effective capital allocation. However, Q1 earnings per share of $0.71 did not meet analyst predictions of $0.94.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 2:59 pm

PAY

Paymentus Holdings (NYSE:PAY) reported a 26.44% decrease in earnings from Q4, despite a 12.22% increase in sales to $148.33 million. The company posted a negative Return on Invested Capital (ROIC) of -0.25% in Q1, suggesting inefficient capital allocation.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 2:59 pm

TXG

10x Genomics reported Q1 sales of $134.28 million and a loss of $50.75 million, resulting in a 194.78% decrease from last quarter. The company posted a negative Return on Capital Employed (ROCE) of -0.06%, suggesting inefficient capital allocation. Q1 earnings per share were $-0.44, missing analyst predictions of $-0.37.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 2:58 pm

T

A 'death cross' has formed on AT&T's (NYSE:T) chart, indicating a potential bearish trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, signaling a possible change in the long-term trend.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 2:58 pm