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PLAB

Photronics, Inc (NASDAQ:PLAB) stock plummeted after reporting Q4 results with revenue and adjusted EPS missing consensus estimates. The company saw a 2% Y/Y revenue growth to $216.3 million, below the expected $220.0 million, and an adjusted EPS of $0.48, missing the $0.49 consensus. Despite a slight improvement in gross profit and margin, and a positive outlook for the next quarter, shares dropped by 16.80% to $25.96.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 2:59 pm

CAG

GIS

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KHC

NVO

At the Consumer Analyst Group of New York Conference, Conagra Brands Inc's executive expressed optimism about the company's potential to grow despite concerns over sales declines due to the popularity of weight-loss drugs like Novo Nordisk's Ozempic and Wegovy. Conagra plans to cater to this demographic by offering tailored products such as frozen meals and snacks. Competitors like The Kraft Heinz Company, Kellanova Co, and General Mills Inc are also navigating the impact of these drugs on consumer food preferences. Conagra's revenue has grown at an average rate of 3.79% annually over the past 5 years, with an expected 9.1% upside in 2025.

Portfolio Pulse from Vandana Singh

February 21, 2024 | 2:54 pm

DYCQU

Trading for the IPO security DYCQU was halted but has now resumed as of 9:50 AM ET.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:50 pm

VRSK

Verisk Analytics, Inc. (NASDAQ:VRSK) shares fell after reporting Q4 FY23 earnings. Despite revenue growth of 7.4% Y/Y to $677.2 million, beating consensus, and adjusted EBITDA increasing 9.0% Y/Y to $362.0 million, adjusted EPS fell 2.1% Y/Y to $1.40, missing estimates. The company also announced a share repurchase of $250 million and an additional $1.0 billion authorization, along with a 15% dividend increase. FY24 guidance was issued with revenue expected between $2.840 billion-$2.900 billion and adjusted EPS of $6.30-$6.60.

Portfolio Pulse from Lekha Gupta

February 21, 2024 | 2:48 pm

LH

Laboratory Corp (NYSE:LH) announced a quarterly dividend of 72 cents per share, with the ex-dividend date set for Monday. Shareholders owning LH stock by the end of Friday are eligible for the dividend, to be paid on March 13, 2024. The stock is expected to open 72 cents lower on Monday due to the dividend payout.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:46 pm

PSEC

Prospect Capital (NASDAQ:PSEC) announced a monthly dividend of 6 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday are eligible for the payout, which will be distributed on March 20, 2024. The stock is expected to open 6 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:45 pm

KNSL

Kinsale Cap Gr (NYSE:KNSL) announced a quarterly dividend of 15 cents per share, going ex-dividend on Monday. Shareholders owning the stock by the end of Friday are eligible for the payout on March 13, 2024. The stock is expected to open 15 cents lower on Monday due to the dividend payout.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:45 pm

KELYA

Kelly Services (NASDAQ:KELYA) announced a quarterly dividend of 7.5 cents per share, with the ex-dividend date set for Monday. Shareholders owning KELYA by the end of Friday's session are eligible for the dividend, payable on March 13, 2024. The stock is expected to open 7.5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:45 pm

KELYB

Kelly Services (NASDAQ:KELYB) announced a quarterly dividend of 7.5 cents per share, going ex-dividend on Monday. Shareholders owning the stock by the end of Friday are eligible for the payout on March 13, 2024. The stock is expected to open 7.5 cents lower on Monday due to the dividend payout.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:45 pm

CNXN

PC Connection (NASDAQ:CNXN) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Monday. Shareholders owning CNXN by the end of Friday are eligible for the dividend, payable on March 15, 2024. The stock is expected to open 10 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:45 pm