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MA

Mastercard's stock is trading lower following the announcement of mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:19 pm

SABA

Saba Capital Income & Opportunities Fund II has announced the approval of a market repurchase program, authorizing the purchase of up to 10% of its common shares each fiscal year. This move is aimed at enhancing shareholder value by potentially increasing the fund's share price through the reduction of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:18 pm

COR

Cencora (NYSE:COR) reported Q2 adjusted EPS of $3.80, surpassing the $3.69 estimate, marking an 8.57% year-over-year increase. However, its sales of $68.41B fell short of the $70.65B estimate, despite a 7.81% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:17 pm

NXPI

Oppenheimer analyst Rick Schafer maintains an Outperform rating on NXP Semiconductors (NASDAQ:NXPI) and raises the price target from $250 to $295.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:12 pm

CNDT

Conduent shares surged following the announcement of better-than-expected Q1 results and the issuance of strong FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:12 pm

AVT

Avnet projects its Q4 sales to be between $5.20B and $5.50B, which is below the estimated $5.74B. The company also forecasts its Q4 diluted EPS to be in the range of $0.90 to $1.00.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:12 pm

TTMI

TTM Technologies (NASDAQ:TTMI) reported Q1 2024 adjusted EPS of $0.31, surpassing the $0.27 estimate, with sales of $570.113M also beating the $551.761M estimate. This represents a 72.22% increase in earnings and a 4.72% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:11 pm

CHK

Stephens & Co. analyst Mike Scialla maintains an Equal-Weight rating on Chesapeake Energy (NASDAQ:CHK) and raises the price target from $116 to $117.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:11 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) has secured the first international safety and performance certification for electrolyzer manufacturing in Korea, enabling commercial sales in the market. This milestone was achieved through a collaboration with SK E&S and marks Plug Power as a first mover in the Korean PEM electrolyzer market. The certification covers the EX425D, a 1 MW PEM electrolyzer. Additionally, Plug Power announced two new contracts for Basic Engineering and Design Packages in Europe and the U.S., further expanding its global footprint.

Portfolio Pulse from Nabaparna Bhattacharya

May 01, 2024 | 12:10 pm

GTES

Gates Industrial Corp (GTES) reported Q1 2024 earnings of $0.31 per share, missing the consensus estimate of $0.32. Sales were $862.6M, below the $870.272M estimate, marking a 3.91% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:09 pm