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MAT

Mattel Inc (NASDAQ:MAT) has announced a delay in submitting its 2023 annual report due to deficiencies in information technology, which are considered a material weakness in its internal control over financial reporting. Despite this, the company does not expect these deficiencies to materially affect its financial disclosures and is committed to filing the report by March 15. This news comes after Mattel disclosed its Q4 and full-year 2023 financial results on February 7 and faced pressure from activist investor Barington Capital earlier in February. Mattel, with a market cap of about $6.5 billion, is exploring ways to leverage its intellectual property, including film projects.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 11:34 am

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NTAP

QQQ

SPY

US stocks are set for a modestly lower opening after recent gains, with attention on Fed speeches and economic data. The S&P 500 and Nasdaq hit new highs, while small-caps also saw gains. Premarket trading saw SPY and QQQ ETFs dip slightly. Notable stock movements include NetApp's surge and Fisker's decline post-earnings. Upcoming economic data includes manufacturing PMIs and consumer sentiment. Bond yields dipped, and crude oil futures rose.

Portfolio Pulse from Shanthi Rexaline

March 01, 2024 | 11:31 am

EVRI

Jefferies analyst David Katz downgraded Everi Holdings (EVRI) from Buy to Hold and reduced the price target from $18 to $13.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:16 am

HPE

Hewlett Packard Enterprise (HPE) shares dropped in premarket trading after reporting a 14% Y/Y decline in Q1 FY24 revenue to $6.76 billion, missing estimates. Despite a 42% Y/Y increase in ARR and a 200 basis point expansion in adjusted gross margin, the company's outlook for Q2 and FY24 fell short of consensus expectations, with projected revenue and adjusted EPS below analyst estimates. HPE also reported a negative free cash flow of $(482) million for the quarter.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 11:16 am

PGRU

PropertyGuru Group (NYSE:PGRU) reported Q4 earnings, beating estimates with an EPS of $0.01 versus the expected -$0.02, and revenue increased by $2.60 million from the previous year. The company has a history of surpassing EPS estimates, which previously led to a 1.0% share price increase the following day.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 11:05 am

BDSX

Biodesix (NASDAQ:BDSX) reported Q4 earnings, beating estimated earnings by 9.0% with an EPS of $-0.1 versus an estimate of $-0.11. However, revenue was down $893.33 million from the same period last year. Despite beating EPS estimates in the past, such performance was previously followed by a 10.0% drop in share price the next day.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 11:05 am

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) shares dropped over 34% in premarket trading after a previous session gain of over 60%. The decline follows a month of losing over 33% in value. The company recently announced the encapsulation of its LizzieSat satellite within SpaceX's payload for a March 2024 launch. LizzieSat aims to gather multisectoral data using advanced sensors and AI, supporting various projects including NASA's and Mission Helios' NFT collection. Sidus also reported progress on other LizzieSat models and completed a contract for flight hardware delivery to a European space company.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 11:03 am

EVBG

Everbridge, Inc. (NASDAQ:EVBG) and Thoma Bravo have amended their merger agreement, increasing the acquisition price to $35.00 per share in cash, which is $6.40 higher than the original price. This adjustment reflects a significant increase in the valuation of Everbridge by Thoma Bravo.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:02 am

AMRX

Amneal Pharmaceuticals (NYSE:AMRX) reported Q4 adjusted EPS of $0.14, surpassing the $0.09 estimate, but its sales of $616.98M fell short of the $634.23M estimate. This represents a 39.13% decrease in EPS from last year, while sales saw a 1.18% increase.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:02 am

TNC

Tennant Company (NYSE:TNC) has acquired M&F Management and Financing, the parent company of TCS EMEA, to expand its presence in Eastern Europe and the EMEA region. This strategic move aims to leverage TCS's established network in countries like Romania, Hungary, the Czech Republic, Slovakia, Austria, Switzerland, Poland, and others, as well as in the Middle East and Africa, to enhance Tennant's global sales and service network.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 10:53 am