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ODP

ODP Corporation has increased its adjusted earnings per share (EPS) guidance for fiscal year 2024 from the previous range of $5.60 - $5.80 to a new range of $6.30 - $6.60, surpassing the estimated $5.67.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:54 am

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