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ABNB

Airbnb Inc (NASDAQ:ABNB) shares dropped following its Q1 financial results, despite beating revenue and EPS estimates, due to a cautious outlook for Q2 2024. The company highlighted strong Q1 performance driven by travel demand and Easter timing, with significant revenue growth expected in Q3 2024 around major events like the Olympics and Euro Cup. Q2 revenue guidance was slightly below estimates, and Piper Sandler raised its price target for ABNB.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 1:14 pm

TKO

Roth MKM analyst Eric Handler has maintained a Buy rating on TKO Group Holdings (NYSE:TKO) and increased the price target from $112 to $121.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:14 pm

AREB

American Rebel has entered into a distribution agreement with Bonbright Distributors to expand its presence in nine counties in the Dayton, Ohio area. This strategic move aims to enhance American Rebel's market penetration and visibility in a key regional market.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:10 pm

LSF

Roth MKM analyst George Kelly upgraded Laird Superfood (AMEX:LSF) from Neutral to Buy and increased the price target from $1.3 to $4.5, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:09 pm

LINK

Interlink Electronics reported Q1 2024 earnings with a GAAP EPS of $(0.09), missing the $(0.07) estimate, and sales of $3.124M, missing the $3.344M estimate. This represents a 4.70% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:09 pm

BYND

Beyond Meat, Inc. (NASDAQ:BYND) shares fell in premarket trading after reporting a first-quarter revenue decrease of 18% year-over-year to $75.603 million. The company's gross profit and margin also declined, with an adjusted EBITDA loss of $(32.9) million. Beyond Meat's challenges include reduced consumer spending on plant-based products amid inflation and higher manufacturing costs. The stock has dropped over 30% in the past year, with current premarket trading down 14.67% to $7.01.

Portfolio Pulse from Nabaparna Bhattacharya

May 09, 2024 | 1:08 pm

LPCN

Lipocine Inc. (NASDAQ:LPCN) reported a significant increase in Q1 earnings to $0.66 per share, up from a loss of $(0.76) per share year-over-year. Sales also saw a dramatic rise to $7.50 million from $54.99 thousand in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:08 pm

DIS

WBD

Warner Bros. Discovery, Inc (NASDAQ:WBD) reported a Q1 revenue decline of 7% year-on-year to $9.96 billion, missing the consensus of $10.23 billion. The company experienced a net loss of $966 million, with an EPS loss of $(0.40), failing to meet the expected loss of $(0.23). Adjusted EBITDA fell 20% due to lower revenues from Suicide Squad: Kill the Justice League compared to Hogwarts Legacy's success in the previous year. Studios and Networks revenues declined due to strikes and the exit from AT&T SportsNet, while DTC revenues remained flat. The company announced a partnership to bundle its streaming services with those of Walt Disney Co (NYSE:DIS), aiming to offer discounts to consumers. WBD shares dropped 2.18% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

May 09, 2024 | 1:05 pm

COST

Recent evaluations by 24 analysts on Costco Wholesale (NASDAQ:COST) show diverse opinions, with a shift towards a more bullish outlook in the last 30 days. The average 12-month price target for COST has increased by 5.04% to $779.38, with high and low estimates of $870.00 and $650.00, respectively. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting changes in market conditions and company performance. Costco's financial health is strong, with significant market capitalization, revenue growth, and efficient cost management.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 1:00 pm

LNT

Alliant Energy (NYSE:LNT) has seen a decrease in short interest, now at 1.95% of its float, lower than its peer group average of 2.14%. This reduction from 4.37 million shares suggests a more bullish market sentiment towards LNT, as short interest can indicate market expectations. The coverage time for short positions is approximately 2.83 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 1:00 pm