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LE

Lands' End, Inc. (NASDAQ:LE) reported better-than-expected Q2 earnings, with net revenue of $317.2 million surpassing the consensus of $307.41 million. Despite a decrease in global eCommerce and Outfitters net revenue, the company saw a 23.4% increase in third-party net revenue. Gross profit rose by 8.8% due to improved product solutions and reduced promotional activity. Lands' End raised its annual profit guidance, expecting adjusted EPS of $0.29 – $0.48, up from $0.18 – $0.41. The company also repurchased $3.7 million of its stock and plans further buybacks. LE shares rose 1.46% following the announcement.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 3:16 pm

LLY

Eli Lilly's shares are trading lower following the announcement of topline results from the QWINT-1 and QWINT-3 phase 3 clinical trials. These trials evaluated the once-weekly insulin efsitora alfa in adults with type 2 diabetes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:16 pm

SHC

Sotera Health shares are trading higher following the announcement of a secondary offering of 25 million shares.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:15 pm

FYBR

VZ

Verizon's CEO announced that a deal with Frontier is expected to reduce customer churn. This strategic move aims to enhance customer retention and improve service offerings.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:14 pm

MCK

McKesson shares declined following the announcement of an agreement to sell its Canada-based Rexall and Well.ca businesses to Birch Hill Equity Partners.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:13 pm

CXM

Sprinklr shares are experiencing a decline as several firms have reduced their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:13 pm

PMAX

Powell Max's IPO shares opened for trading at $4.30 per share, slightly above the IPO price of $4 per share. The company issued 1.43 million shares.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:11 pm

FCEL

FuelCell Energy shares rose following the announcement of better-than-expected Q3 revenue results.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:06 pm

CNFR

Conifer Holdings shares rose following the announcement that Bishop Street Underwriters acquired its insurance business.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:05 pm

SGLY

Shares of Singularity Future Technology (SGLY) have resumed trading. This development is significant for investors as it may impact the stock's liquidity and price movements.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:02 pm