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IGT

Intl Game Tech (IGT) reported Q1 2024 earnings of $0.46 per share, surpassing the $0.23 estimate, with sales of $1.067B also beating the $1.029B estimate, marking a 0.66% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:43 am

SE

Sea Limited (SE) has reaffirmed its FY24 outlook, with Shopee expecting GMV growth in the high teens range and adjusted EBITDA to turn positive in the second half of the year. Garena, led by Free Fire's strong performance, is back to positive growth. Free Fire continues to attract new users in its 7th year, and Sea Limited is confident in its roadmap for profitable growth.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:42 am

FXG

KHC

RDIV

Kraft Heinz Co is considering selling its Oscar Mayer brand, with a potential sale price between $3 billion to $5 billion. The company has engaged Bank of America and Centerview Partners for the sale process, aiming to adapt to evolving consumer demands for healthier alternatives. This move is part of a broader strategy under CEO Carlos Abrams-Rivera to revitalize the company's portfolio amid challenges such as disappointing quarterly results and a more than 9% stock decline over the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 10:38 am

BABA

Alibaba shares are trading lower following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:35 am

LLAP

LMT

Terran Orbital is continuing its review of strategic alternatives, with no updates provided unless deemed necessary. The company acknowledged Lockheed Martin's withdrawn proposal to acquire Terran Orbital shares at $1.00 each, emphasizing the value of their strategic relationship and openness to future arrangements.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:34 am

SE

Sea (NYSE:SE) reported Q1 2024 earnings with a GAAP EPS of $(0.04), missing the $(0.02) estimate, but sales of $3.734B exceeded the $3.564B estimate, marking a 22.80% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:32 am

LLAP

Terran Orbital reported Q1 2024 GAAP EPS of $(0.26), missing estimates by 52.94%, and sales of $27.235M, missing estimates by 39.97%. This represents a decrease in sales and an increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:32 am

CGAU

Centerra Gold (NYSE:CGAU) reported Q1 2024 adjusted EPS of $0.14, surpassing the $0.10 estimate, with sales of $305.8M exceeding the $228M forecast. This represents a 34.99% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:28 am

NSPR

InspireMD reported Q1 2024 GAAP EPS of $(0.21), missing estimates by 40% but improved from last year's $(0.53). Sales reached $1.511B, significantly beating the $1.384M estimate with a 121.85K% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:27 am

FENC

Fennec Pharmaceuticals (NASDAQ:FENC) reported Q1 2024 earnings of $0.41 per share, surpassing the $0.26 estimate, marking a 278.26% increase from last year. Sales reached $25.377M, beating the $18.876M estimate, a 1.41K% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:27 am