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DXPE

DXP Enterprises (NASDAQ:DXPE) reported Q4 2023 adjusted EPS of $1.120, significantly beating the $(0.150) estimate. However, their sales of $407.044M slightly missed the $411.000M estimate, marking a 0.18% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:21 pm

EVGN

Evogene Ltd. (NASDAQ:EVGN) reported a 237% increase in annual revenue for 2023, totaling $5.6 million, despite a 12% decrease in Q4 revenue year-over-year. The company highlighted its successful collaborations and is considering transferring its medical cannabis subsidiary, Canonic Ltd., to a third party due to challenging market conditions. Despite these developments, Evogene's shares dropped 4.43% in pre-market trading.

Portfolio Pulse from Jelena Martinovic

March 07, 2024 | 2:20 pm

VSCO

Victoria's Secret & Co (NYSE:VSCO) shares dropped following mixed Q4 results, with revenue missing and earnings beating estimates. JPMorgan downgraded the stock, and other analysts lowered price targets. The company reported operating cash flow of $589 million, repaid $410 million of its credit facility, and ended with $270 million in cash. A new $250 million share repurchase program was announced. Q1 net sales are expected to decrease mid-single digits, with adjusted operating income between $10 million and $35 million. Full-year 2024 revenue is projected at $6 billion, below estimates of $6.28 billion.

Portfolio Pulse from Adam Eckert

March 07, 2024 | 2:18 pm

GROM

Grom Social Enterprises' shares are trading higher following the announcement of a non-binding letter of intent to acquire Arctic7, indicating a potential expansion and growth strategy.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:18 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are declining, marking potentially their worst week since January due to disappointing China sales, a production halt at the Gigafactory in Germany following a suspected arson attack, and lowered analyst price targets. Tesla's China sales dropped significantly in February, with a 15.51% decrease from January and an 18.87% year-over-year decline. The Gigafactory Berlin was forced to halt production due to a power outage caused by a suspected arson attack, claimed by the Volcano Group. Analysts, including Morgan Stanley's Adam Jonas, have lowered price targets and expressed concerns over Tesla's ability to meet delivery numbers this quarter.

Portfolio Pulse from Adam Eckert

March 07, 2024 | 2:16 pm

AAPL

AI

AMD

BBAI

INTC

NVDA

NYCB

SMCI

TSLA

TSM

The top 10 trending stocks on WallStreetBets as of March 7, 2024, include NVDA, TSLA, AAPL, AI, TSM, SMCI, INTC, AMD, BBAI, and NYCB, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:14 pm

BIG

Big Lots Inc (NYSE:BIG) reported a Q4 FY23 sales decline of 7.2% year-on-year to $1.432 billion, slightly above analyst estimates. Comparable sales decreased by 8.6%. Despite the sales slump, the company saw a gross margin expansion of 170 basis points to 36.4%. The operating loss widened to $(23.7) million from $(8.1) million a year ago. Adjusted EPS was $(0.28), missing estimates. Inventory decreased by 17% Y/Y. No share repurchases were made in Q4. The company expects Q1 comp sales to improve but remain negative, with a gross margin rate expansion and a lower adjusted operating loss. BIG shares dropped 2.19% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 07, 2024 | 2:14 pm

DHCA

DHC Acquisition Corp. (NASDAQ:DHCA) shareholders approved the business combination with Brand Engagement Network Inc. (BEN), to be listed on Nasdaq as BNAI. The approval occurred during the Extraordinary General Meeting on March 5, 2024. The combined entity will operate under the name Brand Engagement Network Inc. and expects to be listed with the ticker BNAI, with warrants under BNAIW.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:14 pm

AAPL

A check signed by Steve Jobs in 1976 to pay for an early Apple phone bill is being auctioned. The check, made out to Pacific Telephone, is in mint condition and valued over $15,000. This auction includes other Apple memorabilia and highlights the high value of items associated with Apple's early days and its co-founders.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 2:06 pm

SGA

Saga Communications (NASDAQ:SGA) reported Q4 earnings, beating estimated earnings by 19.0% with an EPS of $0.37 versus an estimate of $0.31. However, revenue was down $980 thousand from the same period last year. In the previous quarter, the company missed EPS estimates by $0.02, which was followed by a 3.0% increase in share price the next day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:05 pm