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CRM

Salesforce shares are trading higher after reports that talks to acquire Informatica have eased, indicating a potential shift in Salesforce's acquisition strategy or a pause in pursuing this specific deal.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:43 am

AZZ

AZZ Inc. (NYSE:AZZ) reported Q4 2024 adjusted EPS of $0.93, surpassing the $0.70 estimate, marking a 210% increase from the previous year. Sales reached $366.499M, exceeding the $351.670M estimate, up 8.91% from last year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:25 am

NX

Quanex Building Products Corporation (NYSE:NX) has announced the acquisition of Tyman plc for approximately $1.1 billion, aiming to expand its product offerings and geographic footprint. The deal, expected to close in the second half of 2024, is anticipated to be accretive to earnings in the first full fiscal year post-completion. Tyman shareholders will own about 30-32% of Quanex post-acquisition.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 10:10 am

TFC

Truist Financial (TFC) reported Q1 2024 adjusted EPS of $0.90, surpassing the $0.80 estimate, but sales of $4.870B fell short of the $5.699B forecast. This represents a 14.29% decrease in earnings and a 20.19% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:07 am

CAN

Canaan Inc. executives, including the CEO and CFO, plan to use personal funds to buy at least $2M in company shares, signaling confidence in the company's future.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:02 am

GK

TSLA

Tesla, Inc. (NASDAQ:TSLA) reduced the price of its Full Self-Driving (FSD) software to $8,000 from $12,000 and lowered the monthly subscription from $199 to $99. Ross Gerber, CEO of Gerber Kawasaki, criticized the outright purchase option as financially imprudent compared to the subscription model. Despite his recent criticisms of Tesla's management, the company continues to focus on FSD as a high-margin, recurring revenue source. Tesla's stock fell 2.83% in premarket trading following these developments.

Portfolio Pulse from Shanthi Rexaline

April 22, 2024 | 10:01 am

EQR

BMO Capital analyst John Kim upgraded Equity Residential (EQR) from Market Perform to Outperform and increased the price target from $68 to $70.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:55 am

ISTR

Investar Holding (NASDAQ:ISTR) reported Q1 adjusted EPS of $0.43, surpassing the $0.24 estimate, with sales of $19.96M also beating the $18.90M estimate. However, this represents a 15.69% decrease in earnings and a 6.05% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:51 am

PLD

BMO Capital analyst John Kim downgraded Prologis (NYSE:PLD) from Outperform to Market Perform and reduced the price target from $145 to $112.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:41 am

BYDDY

TSLA

BYD Co, backed by Warren Buffett, announced its electric pickup truck named BYD Shark, featuring a plug-in hybrid system. This marks BYD's entry into the electric pickup market, competing with Tesla's Cybertruck. The Shark is set to launch this year, targeting the global market without specific plans for the U.S., where Tesla has begun Cybertruck deliveries. Despite BYD overtaking Tesla in EV sales volume in the last quarter of 2023, the two companies' trucks differ in fuel technology and market focus.

Portfolio Pulse from Anan Ashraf

April 22, 2024 | 9:41 am