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ODP

ODP Corporation (NASDAQ:ODP) reported Q1 adjusted earnings of $1.05 per share, missing the consensus estimate of $1.66 by 36.75%, and a 41.01% decrease from last year's $1.78. Quarterly sales were $1.87 billion, below the $1.95 billion estimate, marking an 11.24% decrease from the previous year's $2.11 billion.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:51 am

BTCUSD

TSLA

Austin, led by Tesla and Elon Musk, is the fastest-growing city for millionaires in the U.S., with a 110% increase in millionaire residents. New York City remains the wealthiest, with 349,500 millionaires. Globally, Shenzhen is the fastest-growing city for the wealthy, with a 140% increase. Financial markets and tech advancements have significantly contributed to wealth growth, despite geopolitical tensions affecting cities like Moscow.

Portfolio Pulse from Shanthi Rexaline

May 08, 2024 | 10:50 am

AVDX

AvidXchange Holdings (NASDAQ:AVDX) reported Q1 2024 earnings of $0.05 per share, surpassing the $0.03 estimate, marking a 350% increase from last year's losses. Sales reached $105.598M, exceeding the $102.919M estimate, a 21.63% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:50 am

TH

Target Hospitality (NASDAQ:TH) reported Q1 2024 earnings of $0.20 per share, surpassing the $0.15 estimate, and sales of $106.672M, exceeding the $101.967M estimate. However, this represents a 47.37% decrease in earnings and a 27.84% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:46 am

AMZN

NOK

TEF

VCR

XLY

Telefonica S.A. (NYSE:TEF) has launched a new 5G core network in collaboration with Nokia Corporation (NYSE:NOK) and Amazon.com Inc's (NASDAQ:AMZN) AWS, marking a significant shift in the telecommunications industry by moving its core network to the cloud. This move, a first for an existing mobile operator, highlights Amazon's expansion into global telecommunications and sets a new industry precedent. The transition aims to enhance network reliability, scalability, and efficiency, with a long-term goal of migrating a significant customer base by 2025-2026. The telecom cloud market is expected to grow substantially, offering opportunities for companies like Amazon. Amazon's stock, along with exposure through ETFs like the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) and Vanguard Consumer Discretionary ETF (NYSE:VCR), could see impacts from this venture.

Portfolio Pulse from Shivani Kumaresan

May 08, 2024 | 10:44 am

TBLA

Taboola.Com's shares surged following the announcement of their Q1 revenue surpassing expectations, along with the release of their Q2 guidance and reaffirmation of the FY24 outlook.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:40 am

DCO

Ducommun (NYSE:DCO) reported Q1 2024 adjusted EPS of $0.70, surpassing the $0.57 estimate, marking a 22.81% beat and an 11.11% increase from the previous year. Sales reached $190.847M, exceeding estimates by 0.86% and showing a 5.33% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:37 am

PARA

PARAA

Byron Allen has expressed interest in acquiring Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) with intentions to privatize the company before launching an IPO. Allen's interest comes amidst Paramount's potential merger with SkyDance and follows significant events including a $14.3 billion acquisition offer from Allen, the departure of CEO Bob Bakish, and a $26 billion bid from Sony Group Corp and Apollo Global Management Inc. Paramount's recent earnings surpassed EPS estimates but missed on revenue.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 10:35 am

KMT

Kennametal (NYSE:KMT) reported Q3 earnings of $0.24 per share, missing the consensus estimate of $0.31, and sales of $515.79M, missing the estimate of $518.44M. This represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:33 am

VERU

Veru Inc. (NASDAQ:VERU) reported Q2 2024 earnings with an adjusted EPS of $(0.07), missing the $(0.05) estimate by 40%. However, their sales of $4.10M exceeded the $3.00M estimate by 36.67%, despite being a 37.75% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:33 am