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UBER

Marqeta is expanding its partnership with Uber Eats into eight major markets worldwide, demonstrating the global capabilities of Marqeta's platform and its continued collaboration with Uber.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:41 pm

SWKS

Skyworks Solutions, Inc. (NASDAQ:SWKS) reported Q2 earnings of $1.55 per share, surpassing the consensus estimate of $1.52. Sales were $1.05 billion, matching estimates but down 9.28% year-over-year. The company anticipates Q3 revenue of $900 million, below the $1.022 billion estimate. Shares dropped 1.2% following the announcement. TD Cowen and Rosenblatt adjusted their price targets and ratings for SWKS, with TD Cowen downgrading the stock from Buy to Hold.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 12:39 pm

PALI

Palisade Bio shares surged following the announcement of successful analysis results for PALI-2108, showing effects on TNF-α production in a whole blood assay.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:38 pm

GETR

Getaround shares surged following the announcement of securing up to $50 million in additional financing.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:35 pm

DENN

Denny's Corporation (NASDAQ:DENN) reported Q1 earnings below market expectations, with adjusted earnings of 11 cents per share against estimates of 14 cents, and sales of $110.00 million versus expected $115.16 million. Despite the miss, CEO Kelli Valade highlighted positive domestic sales and traffic, and outlined sales driving initiatives for the year. Following the report, Denny's shares dropped 2.3% to $8.02, and analysts from Wedbush and Oppenheimer revised their price targets downwards.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 12:34 pm

SMP

Standard Motor Products (NYSE:SMP) reported Q1 earnings of $0.45 per share, surpassing the $0.37 estimate, and sales of $331.40M, exceeding the $321.84M estimate. This represents a 26.23% decrease in earnings and a 1.03% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:33 pm

NNN

National Retail Properties (NNN) reported Q1 2024 FFO of $0.83 per share, surpassing the $0.82 estimate, with sales of $215.407M exceeding the $211.462M forecast. This represents a 5.54% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:31 pm

ZONE

CleanCore Solutions, Inc (NYSE:ZONE) has expanded its partnership with Harry Reid International Airport in Las Vegas by deploying additional Power Caddies for chemical-free cleaning. This follows a successful pilot, demonstrating the efficacy and cost savings of CleanCore's technology. Despite the positive news, ZONE shares closed lower by 3.13% at $3.10.

Portfolio Pulse from Anusuya Lahiri

May 01, 2024 | 12:30 pm

AMD

Rosenblatt analyst Hans Mosesmann maintains a Buy rating on Advanced Micro Devices (AMD) with a $250 price target, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:30 pm

PSNY

Polestar Automotive's shares are trading lower following the announcement of a delay in its annual report, attributed to accounting errors.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:25 pm