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FIX

Comfort Systems shares are trading higher following the announcement of their Q4 results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:36 pm

META

Meta Platforms Inc (NASDAQ:META), the parent company of Facebook and Instagram, is under scrutiny for the misuse of its paid subscription tools, which have been exploited for child exploitation. Internal teams found 'parent-managed minor accounts' selling content to adults displaying sexual interest. Despite the absence of illegal content, some parents engaged with sexually explicit messages about their children. Meta's algorithms promoted such accounts to users with pedophilic interests, worsening the issue. The company is developing an automated system to restrict suspected pedophiles from subscribing to these accounts. Incidents of online enticement more than doubled in 2023 from 2022, with children falling prey to 'sextortion'. META shares are trading higher by 0.43% at $488.23.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 3:36 pm

GLPG

Galapagos shares have experienced a decline following the announcement of their fiscal year 2023 earnings.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:35 pm

GH

Guardant Health's shares dropped following the company's announcement of its 2024 revenue guidance, which has a midpoint below market estimates.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:33 pm

EGO

Eldorado Gold's stock price has decreased following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:31 pm

IT

Over the past 5 years, Gartner (NYSE:IT) has outperformed the market with an annualized return of 26.22%, growing a $100 investment to $322.14. Gartner's market capitalization stands at $35.36 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:30 pm

NUE

Over the past 20 years, Nucor (NYSE:NUE) has produced an average annual return of 12.98%, outperforming the market by 5.27% on an annualized basis. A $100 investment in NUE 20 years ago would be worth $1,145.88 today, showcasing the impact of compounded returns over time. Nucor currently has a market capitalization of $45.89 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:30 pm

MRVI

Trading of Maravai LifeSciences (MRVI) shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:29 pm

CLMT

Calumet Specialty Products Partners LP (NASDAQ:CLMT) reported a Q4 fiscal 2023 sales decline of 2.3% Y/Y to $976.50 million, beating consensus estimates. The company saw a net loss per unit improvement but missed consensus estimates. Gross profit and margins declined, while operating loss improved. Adjusted EBITDA decreased compared to the previous year. Calumet plans to transition from an MLP to a C-Corp by mid-2024. The company faced operational challenges but saw improvements in its Performance Brands segment. It also announced a private placement of $200 million in Senior Secured First Lien Notes due 2029. CLMT shares dropped 5.75% to $16.22.

Portfolio Pulse from Akanksha Bakshi

February 23, 2024 | 3:26 pm

MRVI

Shares of Maravai LifeSciences (MRVI) were halted on a circuit breaker due to a significant downside movement but are now up by 50.9%. This indicates a volatile trading session for the company, with a sharp recovery after the initial drop.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:26 pm