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DT

Dynatrace's Board of Directors has approved a share repurchase program for up to $500 million of common stock.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:32 am

DT

Dynatrace (NYSE:DT) reported Q4 2024 adjusted EPS of $0.30, beating the estimate of $0.27. Sales were $380.848M, surpassing the $375.285M estimate and showing a 21.11% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:31 am

REE

WNC

REE Automotive Ltd (NASDAQ:REE) has partnered with Penske Truck Leasing to offer its P7-C EV trucks to Penske's customers, enhancing fleet electrification options. The collaboration includes Wabash National Corp (NYSE:WNC) for custom truck body upfitting. REE's shares rose by 4.26% following the announcement.

Portfolio Pulse from Anusuya Lahiri

May 15, 2024 | 10:30 am

EWCZ

European Wax Center has announced a $50 million share repurchase program, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:26 am

JPM

KRE

NYCB

SQLV

New York Community Bancorp (NYCB) shares are trading higher premarket after agreeing to sell $5 billion in mortgage warehouse loans to JPMorgan Chase Bank. The transaction is expected to improve NYCB's capital and liquidity metrics. The sale is projected to close in Q3 2024.

Portfolio Pulse from Lekha Gupta

May 15, 2024 | 10:24 am

TSLA

BYD has launched its new mid-size hybrid-electric pickup truck, the Shark, in Mexico, which is significantly cheaper than Tesla's Cybertruck. The Shark is not planned for the U.S. market, reducing direct competition with the Cybertruck. BYD's move comes amid U.S. tariff hikes on Chinese imports.

Portfolio Pulse from Anan Ashraf

May 15, 2024 | 10:17 am

HYMC

Hycroft Mining has announced that it may offer and sell Class A common stock with an offering price of up to $100 million through or to an agent.

Portfolio Pulse from Charles Gross

May 15, 2024 | 10:15 am

ACIU

ALLO

DLO

MTC

PBR

RXT

SPCE

SPWR

Several major stocks are experiencing declines in Wednesday's pre-market session. DLocal Limited (NASDAQ:DLO) saw a significant drop after reporting weaker-than-expected earnings. Other notable declines include SunPower Corporation (NASDAQ:SPWR), Allogene Therapeutics, Inc. (NASDAQ:ALLO), Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), MMTec, Inc. (NASDAQ:MTC), Rackspace Technology, Inc. (NASDAQ:RXT), Virgin Galactic Holdings, Inc. (NYSE:SPCE), and AC Immune SA (NASDAQ:ACIU).

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 10:12 am

ENVB

Enveric Biosciences (NASDAQ:ENVB) reported a Q1 2024 GAAP EPS of $(0.61), beating the analyst consensus estimate of $(0.78) by 21.79%.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:11 am

PLTR

Palantir Technologies Inc's (NYSE:PLTR) CEO Alex Karp's favorite movie, 'The 36th Chamber of Shaolin,' reflects his business philosophy of striving for greater understanding and impact. This insight comes amid recent controversial statements by Karp and a strong Q1 earnings report showing a 21% YoY revenue increase.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 10:10 am