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SAIC

Science Applications International Corporation (SAIC) reported better-than-expected Q2 2025 results with adjusted EPS of $2.05, surpassing the estimate of $1.86, and sales of $1.818 billion, exceeding the forecast of $1.787 billion.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:12 am

MICS

The Singing Machine has acquired SemiCab and will rebrand as Algorhythm Holdings, Inc., with a new Nasdaq ticker 'RIME'. The rebranding aims to focus on an expanded business model, leveraging both consumer electronics and AI logistics.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:10 am

AAUCF

GOLD

IAG

Allied Gold has reached a preliminary agreement with Mali's government for a 10-year permit on the Sadiola gold mine and the Diba deposit. The agreement comes amid Mali's new mining laws aimed at increasing state revenues. Allied's stock dipped 3.8% following the news, reflecting concerns over geopolitical risks in Mali.

Portfolio Pulse from Stjepan Kalinic

September 05, 2024 | 11:07 am

AG

GATO

First Majestic Silver Corp. is set to acquire Gatos Silver, Inc. in a stock transaction valued at $13.49 per share, representing a 16% premium. The deal values Gatos at approximately $970 million, with Gatos shareholders owning 38% of First Majestic post-transaction.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:06 am

CSTL

Castle Biosciences has published a new study in Future Oncology that supports the use of its DecisionDx-SCC test for guiding patient selection and decision-making in high-risk cutaneous squamous cell carcinoma cases.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:05 am

MEI

Methode Electronics reported Q1 2025 earnings with an adjusted EPS of $(0.31), missing the $(0.30) estimate. Sales were $258.5M, below the $264.647M estimate, marking a 10.77% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:02 am

NIO

NIO, Inc. reported strong Q2 earnings with a significant increase in revenue and vehicle deliveries. The company beat EPS expectations and provided a positive Q3 outlook. Despite a 61% stock decline over the past year, NIO's stock rose 3.30% premarket following the earnings report.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 11:00 am

MOV

Movado Group has revised its financial outlook for FY25, lowering its sales projection to $665.0M-$675.0M from the previous $700.0M-$710.0M, and its earnings per share estimate to $0.90-$1.00 from $1.20-$1.30. This is below the market estimates of $701.5M in sales and $1.26 EPS.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 10:56 am

FLIC

Trading for an unspecified asset was halted at 6:55:00 a.m. ET due to pending news. The halt indicates that significant information is expected to be released, which could impact the asset's price.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:55 am

PHVS

Pharvaris (NASDAQ:PHVS) presented data on its oral treatment, deucrictibant, for hereditary angioedema (HAE) at the Bradykinin Symposium 2024. The treatment is highlighted for its use as both a prophylactic and on-demand solution for HAE attacks.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:51 am