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WGS

GeneDx shares rose after the company reported better-than-expected Q3 financial results and increased its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:29 pm

HLIT

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

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:28 pm

XRX

Xerox Holdings Corp (NASDAQ: XRX) reported a 7.5% decline in Q3 2024 revenue, marking the seventh consecutive quarter of missing expectations. The company also slashed its 2024 outlook, leading to a significant drop in stock price. Equipment sales decreased by 12.2%, and post-sale revenue declined by 6.1%. Despite some progress in operating income and margins, the outlook for revenue and free cash flow was reduced.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 1:24 pm

LUCY

Innovative Eyewear Inc (NASDAQ:LUCY) shares surged after launching Lucyd Armor, a smart safety eyewear meeting ANSI Z87.1 standards. The glasses offer AI assistant access, photochromic lenses, and walkie-talkie capabilities. The product is available online, with potential retail partnerships in discussion.

Portfolio Pulse from Adam Eckert

October 29, 2024 | 1:24 pm

SOFI

SoFi Technologies reported strong Q3 earnings, beating revenue and EPS estimates, and raised its full-year guidance. Despite initial gains, shares fell 2.77%.

Portfolio Pulse from Adam Eckert

October 29, 2024 | 1:23 pm

BTCUSD

Arthur Hayes, co-founder of BitMEX, predicts a surge in Chinese demand for Bitcoin as China considers aggressive monetary stimulus to address its property crisis. Hayes suggests that China's potential quantitative easing could lead to yuan devaluation, making Bitcoin an attractive option for wealth preservation.

Portfolio Pulse from Murtuza Merchant

October 29, 2024 | 1:21 pm

EFSH

1847 Holdings shares declined following the pricing of an $11.1 million public offering at $1.26 per unit.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:20 pm

FFNW

First Financial Northwest (NASDAQ:FFNW) reported a Q3 EPS loss of $(0.07), missing the $0.07 estimate, and sales of $8.45M, missing the $8.79M estimate. This represents a significant decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:18 pm

SWK

Stanley Black & Decker reported mixed Q3 results with a revenue decline but improved margins due to cost savings. The company narrowed its 2024 EPS guidance, and shares fell 6.83% premarket.

Portfolio Pulse from Akanksha Bakshi

October 29, 2024 | 1:18 pm

EFSH

1847 Holdings has announced the pricing of an $11.1 million public offering at $1.26 per unit, which includes common shares and Series A and B warrants. The closing of this offering is expected on October 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:17 pm