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DIS

Disney has disclosed a $1.5 billion stake in Epic Games, revealing approximately 8% ownership in a recent regulatory filing.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:52 pm

RL

Ralph Lauren Corporation (NYSE:RL) reported strong Q1 FY25 results, beating earnings and revenue expectations. The company saw significant growth in international sales, particularly in Europe and Asia, and achieved higher margins. However, it warned of potential negative impacts from currency headwinds. The company maintains a positive outlook for fiscal 2025 but expects foreign currency to negatively impact revenue and margins.

Portfolio Pulse from Nabaparna Bhattacharya

August 07, 2024 | 1:46 pm

NVO

Novo Nordisk (NYSE:NVO) reported that U.S. patients are staying on their Wegovy weight-loss medication for an average of six months due to supply shortages. The company adjusted its full-year profit outlook downward due to weaker-than-expected sales of Wegovy. Novo Nordisk's shares dipped by 2.94% in pre-market trading following the announcement.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 1:37 pm

JACK

Jack in the Box Inc. (NASDAQ:JACK) reported mixed Q3 results, beating earnings estimates but missing sales forecasts. Analysts have subsequently lowered their price targets for the stock.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 1:34 pm

LYFT

UBER

Lyft reported strong Q2 earnings with a 10% increase in active riders and a 17% surge in gross bookings. The company introduced a price lock feature and expects positive free cash flow for the full year. Despite the positive results, Lyft shares are down 17.90% premarket.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 1:32 pm

LTRN

Lantern Pharma has announced a significant advancement in the preclinical synergy of its drug candidate LP-184 with checkpoint inhibitors. The company plans to present this data at the Immuno-Oncology Summit 2024.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:31 pm

RIVN

Rivian's CEO announced that the company expects higher electric vehicle (EV) output in 2025 despite a temporary pause in plant operations.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:30 pm

LUMN

Lumen Technologies Inc (NYSE:LUMN) shares surged after reporting better-than-expected Q2 revenue and securing $5 billion in new business. Despite an adjusted loss per share, multiple analysts upgraded the stock, contributing to a 93% rise in stock price.

Portfolio Pulse from Adam Eckert

August 07, 2024 | 1:30 pm

MU

Micron Technology shares are trading higher after the company announced the resumption of its stock repurchase program.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:29 pm

RUN

TSLA

Sunrun Inc (NASDAQ:RUN) shares surged after reporting better-than-expected Q2 financial results and announcing a partnership with Tesla Inc (NASDAQ:TSLA) to support Texas’s power grid. Sunrun's Q2 revenue was $523.866 million, and EPS was 55 cents. The company added 26,687 customers and installed 264.5 megawatt hours of storage capacity. Analysts raised their price targets for Sunrun.

Portfolio Pulse from Adam Eckert

August 07, 2024 | 1:29 pm