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SVCO

Silvaco Group's IPO was priced at $19 per share, with an indication of $21.16 per share on 275,550 shares. The total offering was on 6 million shares.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:56 pm

HL

Hecla Mining's shares surged after the company reported a first-quarter revenue that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:55 pm

CBSTF

Cannabist Company Holdings Inc. (CBSTF) reported Q1 2024 results with revenue at $122.6M, a slight decrease from the previous year, and a net loss trimmed by 5% YoY to $34.6M. The company highlighted strategic partnerships and retail expansion as key operational highlights, despite facing cash flow challenges. Shares of CBSTF were trading 9.09% lower at $0.28 per share.

Portfolio Pulse from Patricio Liddle

May 09, 2024 | 2:54 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) shares fell 7.69% in premarket trading after reporting Q1 results, despite positive analyst reviews. JPMorgan raised its price target to $145, citing solid Q1 and expected acceleration in Q3. Goldman Sachs and other analysts also raised their price targets but noted concerns about Q2 guidance and margin pressures. Airbnb's Q1 performance exceeded expectations with $2.14 billion in revenue and $424 million in adjusted EBITDA. Analysts highlighted strong bookings and revenue growth, but some expressed concerns over Q2 guidance and margin compression in 2024.

Portfolio Pulse from Priya Nigam

May 09, 2024 | 2:54 pm

SPB

Spectrum Brands shares are trading higher after the company reported better-than-expected financial results for the second quarter.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:54 pm

H

Hyatt Hotels Corporation (NYSE:H) shares fell after reporting Q1 adjusted EPS below expectations, despite a sales growth of 2% YOY to $1.714 billion, surpassing analyst estimates. The company saw a 5.5% increase in system-wide RevPAR and net rooms growth, but adjusted EBITDA dropped by 5.9%. Hyatt repurchased shares worth $76 million and announced an additional $1 billion stock buyback authorization. The company expects FY24 capital expenditure of $170 million and projects net rooms growth of 5.5% - 6%, with a 3% to 5% increase in RevPAR. Full-year adjusted EBITDA is forecasted between $1.15 billion and $1.19 billion.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 2:54 pm

NSC

Norfolk Southern shares are trading lower, indicating a negative market movement for the company.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:52 pm

NSC

Norfolk Southern shares are trading lower after Ancora secured board seats, though shareholders voted to retain CEO Alan Shaw.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:52 pm

UBER

Uber shares are experiencing a rebound after initially dropping due to disappointing Q1 earnings reported on Wednesday. The stock is now trading higher, indicating a recovery from the initial negative reaction to the earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:50 pm

VTRS

Viatris shares are trading lower following the announcement of Q1 sales results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:50 pm