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AMC Networks Inc. (NASDAQ:AMCX) reported a significant decline in fiscal first-quarter 2024 revenue and EPS, missing analyst consensus estimates. Revenue fell 16.9% year over year to $596.46 million, and adjusted EPS dropped 55.7% to $1.16. The company saw decreases in affiliate revenue, advertising revenues, and content licensing revenues, but reported a 2% increase in streaming subscribers to 11.5 million. Despite the downturn, streaming revenues rose 3% to $145 million. AMC Networks stock lost close to 8% in the last 12 months and is down 4.08% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

May 10, 2024 | 1:06 pm

AEHL

Antelope Enterprise's shares dropped following the announcement of its financial results for the second half and full year of 2023.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:05 pm

CRH

CRH plc (NYSE:CRH) shares rose in premarket trading after reporting positive Q1 FY24 results, including a 2% revenue increase to $6.5 billion and the announcement of a share repurchase program. Adjusted EBITDA increased by 15% to $445 million, with an EPS of $0.16 compared to a loss in the previous year. The company also declared a quarterly dividend of $0.35 per share and continues to project favorable market conditions and positive pricing momentum for FY24.

Portfolio Pulse from Lekha Gupta

May 10, 2024 | 1:03 pm

NVS

Novartis received FDA Breakthrough Designation for Scemblix, potentially accelerating its development and review process.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:03 pm

QTWO

Q2 Holdings has announced the appointment of its CEO, Matt Flake, as the new chairman, succeeding R.H. Seale. This leadership change could signal a strategic shift or continuity in the company's direction, impacting investor sentiment and potentially the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:03 pm

F

Ford Motor Co. (NYSE:F) plans to increase production at its Valencia plant in Spain by assembling 300,000 units of a new model annually starting in 2027. This move, confirmed by Spain's Industry Ministry, aims to enhance the plant's workload and future readiness, particularly for the production of a new SUV. Despite a recent decision to delay the production of an all-electric SUV and pickup truck in North America, Ford's commitment to expanding its SUV lineup and operations in Spain remains strong. The company's stock saw a slight decrease of 0.16% to close at $12.13, following the announcement of first-quarter earnings for 2024 that surpassed estimates.

Portfolio Pulse from Benzinga Neuro

May 10, 2024 | 1:01 pm

LAW

Analysts have diverse opinions on CS Disco (NYSE:LAW), with recent evaluations ranging from bullish to bearish. The average 12-month price target is $12.08, reflecting a 12.37% increase from the previous target of $10.75. Analyst actions include maintaining, raising, and lowering ratings and price targets, indicating varied perceptions of the company's future performance. CS Disco, a provider of AI-powered legal solutions, shows a positive revenue growth rate of 9.85% but trails in net margin and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 1:00 pm

TNK

Four analysts have recently updated their ratings on Teekay Tankers (TNK), showing a positive trend with an average 12-month price target of $74.5, marking a 4.93% increase from the previous target. The company's financials reveal a challenging revenue trend but strong profitability metrics, including an exceptional net margin and above-average ROE and ROA. The analysts' actions, ranging from maintaining to raising price targets, reflect a bullish sentiment towards TNK's stock.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 1:00 pm

APGE

Apogee Therapeutics' stock price has seen an increase following B of A Securities initiating coverage with a Buy rating.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:56 pm

DIOD

Diodes shares are trading higher despite reporting worse-than-expected Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:52 pm