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BABA

Alibaba shares are trading higher after multiple analysts raised their price targets on the stock following Thursday's earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:36 am

HRB

H&R Block shares are trading higher following the release of better-than-expected Q4 financial results and FY25 guidance above estimates. The company also announced a quarterly dividend increase and a $1.5 billion share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:34 am

AMCR

Amcor shares are trading lower after the company reported worse-than-expected Q4 sales results.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:29 am

BWMN

Bowman Board has authorized an increase in its share repurchase program from $10 million to up to $25 million, with $20.8 million still available. The termination date has been extended to August 31, 2025.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:28 am

AIM

AIM ImmunoTech (AMEX:AIM) reported Q2 2024 GAAP EPS of $(0.03), beating the analyst estimate of $(0.12) by 75%. The company also reported quarterly sales of $50,000, surpassing the estimate of $11,670 by 328.57%, and marking a 19.05% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:25 am

MSGE

Madison Square Garden (NYSE:MSGE) reported Q4 2024 GAAP EPS of $(2.00), missing the $(1.35) estimate by 48.15%. However, sales of $273.4M beat the $230.097M estimate by 18.82%, marking a 111.77% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:20 am

COHR

Coherent Corp. (NYSE:COHR) reported strong Q4 earnings, beating analyst estimates on both EPS and revenue. The company provided optimistic guidance for Q1 FY25. Following the earnings announcement, analysts from B of A Securities and Needham raised their price targets for Coherent. The stock closed up 6.4% at $71.28.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 11:19 am

PARA

PARAA

ROKU

Edgar Bronfman Jr. is reportedly preparing a bid for Paramount Global and National Amusements, with potential support from Fortress Investment Group, Roku Inc., and Hollywood producer Steven Paul. This comes amid Shari Redstone's agreement to sell her media empire to Skydance Media, which is in a 'go-shop period' allowing other offers. Paramount recently reported its first-ever quarterly profit from its streaming business but also faced a significant write-down in its cable TV networks.

Portfolio Pulse from Benzinga Neuro

August 16, 2024 | 11:16 am

AMZN

RIVN

Rivian has paused the production of Amazon's electric delivery vans due to a parts shortage. This halt could impact both Rivian and Amazon's operations and stock prices in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:14 am

TNXP

Tonix Pharmaceuticals has provided an update on the development of its single-dose live attenuated virus vaccine candidate, TNX-801, which aims to offer long-term protection from Mpox and Smallpox with just one dose.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:12 am