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TLSI

TriSalus Life Sciences Inc. (NASDAQ:TLSI) has secured a debt financing deal with OrbiMed for up to $50 million to support growth initiatives for its TriNav Infusion System. The company received $25 million at closing, with an option for an additional $25 million based on revenue milestones. The funding aims to extend TriSalus's cash runway through 2025, support strategic expansion, and fuel growth without the immediate need for equity financing. The deal also includes a warrant for OrbiMed to purchase shares of TriSalus.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:37 pm

AMD

SMCI

Semiconductor stocks are trading lower following disappointing quarterly earnings reports from AMD and Supermicro, affecting the broader sector.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:35 pm

RYI

Ryerson Holding (NYSE:RYI) reported Q1 2024 adjusted EPS of $(0.18), missing the $0.32 estimate, and sales of $1.239B, beating the $1.224B estimate. This represents a significant decrease in earnings and a slight decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:35 pm

SMCI

Supermicro shares are trading lower after the company reported mixed financial results for the third quarter.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:34 pm

TMDX

TransMedics has increased its FY24 revenue forecast from the range of $360M-$370M to $390M-$400M, surpassing the estimated $366.990M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:32 pm

HI

Hillenbrand has revised its FY24 adjusted EPS forecast downwards from the previous range of $3.60-$3.95 to a new range of $3.30-$3.50, below the estimated $3.70.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:31 pm

TRTX

TPG RE Finance Trust (TRTX) reported Q1 2024 adjusted EPS of $0.30, surpassing the $0.18 estimate, and sales of $38.927M, exceeding the $23.180M estimate. This represents a significant increase in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:31 pm

MS

Morgan Stanley (NYSE:MS) has delivered an average annual return of 11.92% over the past 10 years, outperforming the market by 1.53% annually. With a current market capitalization of $147.76 billion, a $1000 investment in MS stock a decade ago would be worth $3,020.95 today.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 9:30 pm

FERG

Ferguson (NYSE:FERG) has significantly outperformed the market with an average annual return of 24.37% over the past 5 years, turning a $1000 investment into $2,975.62 today. The company's market capitalization stands at $42.46 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 9:30 pm

SITE

SiteOne Landscape Supply, Inc. (NYSE:SITE) has acquired a majority stake in Devil Mountain Wholesale Nursery, LLC, a leading wholesale distributor of landscape trees and plants in California. This marks SITE's second acquisition in 2024, aiming to expand its market presence and complete its product line offering in California and the Western US. Devil Mountain's CEO Drew McMillan will continue as President, and the deal includes an option for SITE to acquire the remaining interest in the future.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:30 pm