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NCPLW

Trading halt status was updated at 9:00:00 AM ET, with a quotation resumption announced. The news and resumption times are provided.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:00 pm

LULU

Lululemon Athletica shares are trading lower after Goldman Sachs downgraded the stock from Buy to Neutral and lowered its price target from $463 to $286.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:58 pm

ARE

Alexandria Real Estate Equities shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $136 to $127.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:56 pm

NCPL

Trading halt status for NCPL was updated at 8:55:00 AM ET. The quotation resumption times and related news are expected to follow.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:55 pm

SYTA

Trading halt status for SYTA was updated at 8:55:00 AM ET. The halt was due to pending news and the resumption times were provided.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:55 pm

FND

Floor & Decor Holdings shares are trading lower after the company reported mixed Q2 financial results and cut its FY24 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:54 pm

OMI

Owens & Minor Inc. (NYSE:OMI) reported Q2 2024 results with adjusted EPS of $0.36, beating the consensus of $0.33. Sales were $2.671 billion, up 4% year-over-year. The company reaffirmed its 2024 revenue guidance of $10.5 billion-$10.9 billion and adjusted EPS guidance of $1.40-$1.70. Despite the positive results, OMI stock was trading lower by 3.90% premarket.

Portfolio Pulse from Vandana Singh

August 02, 2024 | 12:54 pm

SNAP

Snap Inc. (NYSE:SNAP) reported weaker-than-expected Q2 revenue, leading to a 3.8% drop in share price. Analysts from JP Morgan and Susquehanna cut their price targets for Snap.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 12:53 pm

SNDL

SNDL Inc. reported a 1.6% YoY drop in Q2 revenue due to softness in the liquor segment, while cannabis operations showed strong growth. The company achieved a record gross margin of 25.5% and significantly reduced its net loss. SNDL also announced a restructuring project expected to save over CA$20 million annually.

Portfolio Pulse from Nina Zdinjak

August 02, 2024 | 12:51 pm

NU

Nu Holdings shares are trading lower after UBS downgraded the stock from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:50 pm