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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

JHG

Janus Henderson Group (NYSE:JHG) reported Q1 2024 adjusted EPS of $0.71, surpassing the $0.62 estimate, and sales of $551.7M, exceeding the $547.205M estimate. This represents a 29.09% increase in earnings and an 11.27% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:46 am

DFH

Dream Finders Homes (DFH) reported an increase in the average sales price of homes closed in Q1 to $494,995 from $490,553 year-over-year. Additionally, as of March 31, 2024, the company has a backlog of 4,524 sold homes, valued at $2.3 billion.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:46 am

SABR

Sabre Corporation has updated its FY24 revenue forecast to approximately $3.04 billion, a slight increase from its previous forecast of $3.0 billion, aligning with the current market estimate of $3.04 billion.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:46 am

BDC

Belden Inc. projects Q2 adjusted EPS of $1.30-$1.40, aligning with a consensus of $1.34, and anticipates revenues between $565M-$580M, closely matching the consensus estimate of $565.261M. The company acknowledges ongoing customer destocking and other temporary challenges but expects stable end demand and a slight revenue increase, consistent with seasonal trends. Belden's leadership remains optimistic about long-term growth and the company's strategic positioning.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:45 am

ORGO

Organogenesis shares surged following the announcement that its Phase 3 trial for ReNu met its primary safety and efficacy endpoint.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:45 am

SABR

Sabre Corporation, identified by its ticker symbol SABR, has projected its Q2 revenue to be around $750 million, which is slightly below the estimated $756.37 million by analysts.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:44 am