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HLIT

Harmonic (NASDAQ:HLIT) reported Q1 sales of $122.060M, slightly beating the consensus estimate of $121.700M by 0.30%, but marking a 22.57% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:21 pm

BTMD

Biote Corp. (NASDAQ:BTMD) has reached a settlement with its founder, Dr. Gary S. Donovitz, to repurchase 18.4 million shares at $4.17 per share, totaling approximately $76.9 million. This settlement resolves ongoing litigation and includes a mutual release of claims, termination of the founder advisory agreement, and non-compete and non-solicitation agreements. The repurchase is structured over a three-year period, with the first transaction of approximately $32.2 million completed on April 26, 2024. Biote believes this action will be accretive to shareholder value and allows the company to focus on strategic objectives and growth.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:20 pm

CNO

CNO Financial Group (NYSE:CNO) reported Q1 sales of $1.156 billion, surpassing the analyst consensus estimate of $935.759 million by 23.54% and marking a 14.91% increase from the previous year's sales of $1.006 billion.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:18 pm

MBIN

Merchants Bancorp (NASDAQ:MBIN) reported Q1 earnings of $1.80 per share, surpassing the $1.36 estimate, a 68.22% increase from last year. Sales reached $167.93M, beating the $144.15M estimate, marking a 46.08% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:18 pm

INTU

Deep-pocketed investors are showing a bullish sentiment towards Intuit (NASDAQ:INTU), with a significant move detected by Benzinga's options scanner. The activity includes 13 extraordinary options activities, with a price band focus between $640.0 and $760.0 for the next three months. The market mood is mixed, with 46% bullish and 38% bearish sentiments. The largest options trades include both calls and puts, indicating diverse expectations for INTU's price movement. Intuit's current market status shows a slight price increase with potential overbought signals and upcoming earnings in 22 days.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 8:15 pm

AIN

Albany Intl (NYSE:AIN) reported Q1 adjusted earnings of $0.90 per share, surpassing the $0.87 estimate, but saw a slight decrease from last year's $0.91. Sales reached $313.33M, narrowly missing the $313.39M estimate, yet marking a 16.44% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:15 pm

LSCC

Lattice Semiconductor projects its Q2 revenue to be between $120M-$140M, which is below the estimated $140.46M.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:15 pm

FLS

Flowserve (NYSE:FLS) reported Q1 2024 adjusted EPS of $0.58, surpassing the $0.47 estimate, and sales of $1.087B, exceeding the $1.038B estimate. This represents a 45% increase in earnings and a 10.88% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:14 pm

AMKR

Amkor Technology projects Q2 net sales to be between $1.40B-$1.50B, surpassing the estimated $1.389B. The company also forecasts a gross margin of 13.0%-15.0% and an EPS of $0.14-$0.30, which is in line with or above the estimated $0.15.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:13 pm

PARA

PARAA

Paramount Global shares are trading higher following the release of mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:12 pm