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TSLA

Tesla Inc's (NASDAQ:TSLA) top HR executive, Allie Arebalo, has reportedly left the company, following the departure of other senior executives and amidst a series of layoffs and team dissolutions. This adds to the challenges Tesla faces, including declining sales and revenue, with the company reporting a drop in quarterly revenue for the first time since the pandemic in 2020.

Portfolio Pulse from Anan Ashraf

May 02, 2024 | 11:53 am

BCYC

Bicycle Therapeutics (NASDAQ:BCYC) reported Q1 2024 earnings with a GAAP EPS of $(0.62), surpassing the $(1.31) estimate, and sales of $19.530M, exceeding the $6.029M estimate. This represents significant improvements in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:53 am

HAYW

Hayward Holdings (NYSE:HAYW) reported Q1 2024 adjusted EPS of $0.08, meeting analyst estimates, and sales of $212.569M, exceeding expectations by 1.69% and marking a 1.16% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:51 am

VMC

Vulcan Materials Company (VMC) has reaffirmed its FY24 Adjusted EBITDA outlook of $2.15 to $2.30 billion, indicating a solid operating performance in Q1 and a positive pricing environment. This outlook marks the fourth consecutive year of double-digit growth, with a focus on improving returns on capital for shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:49 am

MPWR

Monolithic Power Systems' shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company provided Q2 revenue guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:48 am

CCRD

CoreCard (NYSE:CCRD) reported Q1 2024 earnings of $0.07 per share, surpassing the $0.02 estimate, and sales of $13.076M, exceeding the $12.000M estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:48 am

SABR

Sabre shares surged following the announcement of their Q1 results, which exceeded expectations. The company also provided optimistic Q2 revenue guidance and revised its FY24 revenue outlook upwards.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:48 am

PINS

SNAP

As of May 2, 2024, Snap Inc. (SNAP) and Pinterest, Inc. (PINS) in the communication services sector are considered overbought with RSI values of 79.09 and 76.62, respectively. SNAP reported Q1 earnings beating estimates with a significant user increase, while PINS reported a 23% revenue growth and surpassed half a billion monthly active users. Both stocks have seen substantial gains over the past five days.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 11:47 am

UPWK

Upwork's shares surged following the announcement of better-than-expected Q1 financial results and optimistic Q2 adjusted EPS guidance. Additionally, BTIG upgraded Upwork's stock from Neutral to Buy, setting a price target of $16.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:47 am

ABCP

EXFY

RVSB

Insiders at AmBase, Expensify, and Riverview Bancorp have recently made significant stock purchases. AmBase reported a net loss for the year, while Expensify is set to announce Q1 financial results. Riverview Bancorp posted a loss for the fourth quarter. These transactions may indicate insider confidence in the companies' future prospects.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 11:46 am