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ODP

ODP Corporation forecasts a sales decline for FY24, expecting it to be in the lower end of the 25% to 5% range.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:53 am

AVDX

AvidXchange has updated its FY24 revenue forecast, increasing the range from $441M-$447M to $442M-$448M, against an estimated $447.44M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:53 am

CRUS

Cirrus Logic shares are trading higher following the announcement of strong Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:52 am

RNG

RingCentral shares surged following the announcement of its Q1 financial results, which exceeded expectations. The company also increased its future earnings guidance, signaling confidence in continued growth.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:52 am

RNG

The correct ticker symbol for RingCentral is 'RNG', not 'RING' as may have been previously mentioned.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:51 am

ODP

ODP Corporation (NASDAQ:ODP) reported Q1 adjusted earnings of $1.05 per share, missing the consensus estimate of $1.66 by 36.75%, and a 41.01% decrease from last year's $1.78. Quarterly sales were $1.87 billion, below the $1.95 billion estimate, marking an 11.24% decrease from the previous year's $2.11 billion.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:51 am

BTCUSD

TSLA

Austin, led by Tesla and Elon Musk, is the fastest-growing city for millionaires in the U.S., with a 110% increase in millionaire residents. New York City remains the wealthiest, with 349,500 millionaires. Globally, Shenzhen is the fastest-growing city for the wealthy, with a 140% increase. Financial markets and tech advancements have significantly contributed to wealth growth, despite geopolitical tensions affecting cities like Moscow.

Portfolio Pulse from Shanthi Rexaline

May 08, 2024 | 10:50 am

AVDX

AvidXchange Holdings (NASDAQ:AVDX) reported Q1 2024 earnings of $0.05 per share, surpassing the $0.03 estimate, marking a 350% increase from last year's losses. Sales reached $105.598M, exceeding the $102.919M estimate, a 21.63% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:50 am

TH

Target Hospitality (NASDAQ:TH) reported Q1 2024 earnings of $0.20 per share, surpassing the $0.15 estimate, and sales of $106.672M, exceeding the $101.967M estimate. However, this represents a 47.37% decrease in earnings and a 27.84% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:46 am

AMZN

NOK

TEF

VCR

XLY

Telefonica S.A. (NYSE:TEF) has launched a new 5G core network in collaboration with Nokia Corporation (NYSE:NOK) and Amazon.com Inc's (NASDAQ:AMZN) AWS, marking a significant shift in the telecommunications industry by moving its core network to the cloud. This move, a first for an existing mobile operator, highlights Amazon's expansion into global telecommunications and sets a new industry precedent. The transition aims to enhance network reliability, scalability, and efficiency, with a long-term goal of migrating a significant customer base by 2025-2026. The telecom cloud market is expected to grow substantially, offering opportunities for companies like Amazon. Amazon's stock, along with exposure through ETFs like the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) and Vanguard Consumer Discretionary ETF (NYSE:VCR), could see impacts from this venture.

Portfolio Pulse from Shivani Kumaresan

May 08, 2024 | 10:44 am