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CPB

Campbell Soup Company reported mixed Q4 results with net sales missing estimates but strong EPS and cost savings. Sales were $2.293 billion, below the $2.313 billion consensus, while EPS beat expectations at $0.63. The company achieved significant cost savings and expects continued growth in 2025.

Portfolio Pulse from Akanksha Bakshi

August 29, 2024 | 12:40 pm

PLAB

Photronics shares declined after the company reported disappointing Q3 financial results and issued Q4 revenue and EPS guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:39 pm

BZ

KANZHUN shares rose following the announcement of an additional $150 million share repurchase authorization, adding to its existing $200 million buyback plan.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:37 pm

SHOT

Safety Shot has reported clinical study results indicating that their product can rapidly reduce blood alcohol content and acetaldehyde levels, mitigating the negative effects of heavy drinking within 30 minutes.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:36 pm

GMS

GMS shares declined following the release of disappointing Q1 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:36 pm

CLSK

IREN

MARA

RIOT

Iris Energy aims to reach 50 EH/s in Bitcoin mining by 2025, aligning with U.S. giants like CleanSpark, Marathon, and Riot. Despite exiting power trading and losing a partner, Iris is financially strong with $405M cash and no debt, but faces rising expenses.

Portfolio Pulse from Surbhi Jain

August 29, 2024 | 12:35 pm

CM

Canadian Imperial Bank of Commerce shares rose following the release of better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:33 pm

ORGS

Orgenesis Inc. announced positive results from a real-world study of its ORG-101 CAR-T therapy, showing high complete response rates in both adult and pediatric patients with CD19+ Acute Lymphoblastic Leukemia. The study also indicated a favorable safety profile with low incidence of severe Cytokine Release Syndrome. Harley Street Healthcare Group plans to collaborate with Orgenesis to establish a Global Cancer Initiative to further develop and democratize advanced therapies.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:32 pm

SPY

The US Core PCE Prices for Q2 came in at 2.8%, slightly below the estimated 2.9%. This indicates a marginally lower inflation rate than expected, which could influence market sentiment and investor decisions.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:30 pm

SPY

Retail inventories in the USA, excluding automobiles, increased by 0.5% in July, compared to a 0.3% increase in the previous month.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:30 pm