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EXPE

Expedia shares have risen due to a report indicating that Uber considered a takeover bid for the company.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:36 pm

ELV

Elevance Health reported Q3 revenues of $44.7 billion, surpassing expectations, but profits fell short due to higher medical costs. The company issued a soft annual outlook, with adjusted EPS guidance lowered to $33.00 from $37.20. ELV stock dropped 12.3% in premarket trading.

Portfolio Pulse from Vandana Singh

October 17, 2024 | 12:36 pm

ZUO

Zuora, Inc. (NYSE:ZUO) has entered into a definitive agreement to be acquired by Silver Lake and GIC for $1.7 billion. Zuora stockholders will receive $10.00 per share in cash, representing an 18% premium to the company's unaffected closing stock price. The transaction will result in Zuora becoming a privately held company.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:36 pm

RIME

Algorhythm shares are experiencing an uptick following the announcement that its subsidiary has secured a master service agreement with Apollo Tyres.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:36 pm

UBER

Uber Technologies shares declined following a downgrade by Daiwa Capital from Outperform to Neutral.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:35 pm

FTNT

Fortinet shares declined following a downgrade by Mizuho from Neutral to Underperform.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:35 pm

TRV

Travelers Companies shares rose following the release of their Q3 results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:35 pm

JBLU

JETS

SAVE

UAL

Spirit Airlines is facing potential bankruptcy as it struggles with financial woes, including mounting debt and a failed merger with JetBlue. The airline is expediting the retirement of its Airbus A319 fleet to cut costs. Meanwhile, competitors like United Airlines are thriving, and the U.S. Global Jets ETF is hitting new highs.

Portfolio Pulse from Surbhi Jain

October 17, 2024 | 12:34 pm

CASS

Cass Information Sys reported Q3 earnings per share of $0.21, missing the $0.50 estimate, but sales of $50.55M beat the $49.00M estimate. EPS decreased by 61.11% from last year, while sales increased by 2.70%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:34 pm

DCTH

Delcath Systems reported preliminary Q3 2024 sales of $11.2 million, surpassing the estimated $9.45 million.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:34 pm