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TEAM

Atlassian Corp (NASDAQ:TEAM) reported fiscal Q3 earnings with revenue and EPS beating estimates, showing a 30% year-over-year revenue increase and a significant improvement in operating income. Subscription revenue grew by 41%, and the company highlighted its transition to a cloud-majority company with over 300,000 customers. However, shares fell in after-hours trading due to the announcement of a CEO transition, with Scott Farquhar stepping down and Mike Cannon-Brookes continuing as CEO. Atlassian expects Q4 revenue to be between $1.12 billion and $1.135 billion, with cloud revenue growth around 32% year over year.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 8:50 pm

SKX

Skechers USA shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:50 pm

TEX

Terex shares surged following the announcement of Q1 financial results that exceeded expectations, along with FY24 revenue guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:48 pm

SSNC

SS&C Technologies forecasts Q2 adjusted revenue to be between $1.412B and $1.452B, with an estimated consensus of $1.426B. The adjusted EPS is expected to range from $1.16 to $1.22, closely aligning with the estimated $1.21.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:48 pm

UVE

Universal Insurance Holdings (UVE) reported Q1 2024 adjusted EPS of $1.07, surpassing the $1.04 estimate, and sales of $367.959M, exceeding the $336.086M estimate. This represents a 35.44% increase in earnings and a 16.26% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:48 pm

TEX

Terex Corporation projects its FY24 earnings per share (EPS) to be between $6.95 and $7.35, compared to the estimated $7.04. The company also forecasts revenue to be in the range of $5.2 billion to $5.4 billion, surpassing the estimated $5.158 billion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:47 pm

FE

FirstEnergy (NYSE:FE) reported Q1 2024 earnings of $0.55 per share, missing the consensus estimate of $0.56 by 1.79%. Year-over-year, earnings decreased by 8.33% from $0.60 per share. Quarterly sales were $3.287 billion, exceeding estimates of $3.222 billion by 2.01% and marking a 1.73% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:47 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) has seen a significant options trading activity, indicating a mixed sentiment among big-money traders, with 62% bullish and 37% bearish. The trading volume and open interest suggest a focus on a price band between $2.5 and $9.0. Notable options activity includes a mix of puts and calls, with a major bearish trade priced at $2.0 for a $4.00 strike price, totaling $1.0M. AMC's current market status shows a slight decrease in stock price to $3.26, with neutral RSI indicators and upcoming earnings expected in 12 days. An analyst from Wedbush maintains a Neutral rating with a target price of $4.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:46 pm

TEX

Terex Corporation (NYSE:TEX) reported Q1 2024 earnings of $1.60 per share, surpassing the consensus estimate of $1.37 by 16.79%. Quarterly sales reached $1.292 billion, exceeding expectations of $1.235 billion by 4.61% and marking a 4.53% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:45 pm

HUBG

Hub Group (NASDAQ:HUBG) reported Q1 2024 earnings of $0.44 per share, surpassing the $0.40 estimate, but its sales of $999.493M fell short of the $1.050B forecast, marking a 13.24% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:44 pm