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WWW

Wolverine World Wide (NYSE:WWW) reported Q1 2024 adjusted earnings of $0.05 per share, surpassing the $0.01 estimate, with sales of $394.9M beating the $360.426M estimate, despite a 34.12% decrease from last year's $599.4M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:31 am

DINO

HF Sinclair (NYSE:DINO) reported Q1 2024 adjusted EPS of $0.71, surpassing the $0.65 estimate, but its sales of $7.027B fell short of the $7.542B forecast. This represents a 64.5% decrease in earnings and a 7.11% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:30 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) plans to increase its Normal, Illinois factory's annual production capacity to 215,000 vehicles, focusing on the R2 SUV, expected to start at $45,000. The company halted its Georgia plant construction, moving R2 production to Illinois by the first half of 2026. This shift is projected to save Rivian over $2.25 billion in costs. Rivian reported a Q1 revenue of $1.20 billion, surpassing estimates, but its loss per share was wider than expected. The company has adjusted its capital expenditure outlook for 2024 and 2025.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 10:30 am

PERI

Perion Network's shares surged following the announcement of their Q1 results, which exceeded expectations. Additionally, the company provided positive Q2 guidance and reaffirmed its outlook for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:29 am

TMCI

Stifel analyst Rick Wise downgraded Treace Medical Concepts (TMCI) from Buy to Hold and reduced the price target from $15 to $6.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:26 am

ZI

Goldman Sachs analyst Kash Rangan downgraded ZoomInfo Technologies (ZI) from Neutral to Sell and reduced the price target from $19.5 to $12, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:19 am

YOU

Clear Secure announced it has spent $84.9M to buy back and retire 4.4M shares of its Class A common stock at an average price of $19.22. After the quarter ended, it repurchased an additional 1.75M shares at an average price of $19.38.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:17 am

TIGO

Millicom International Cellular S.A. shares are trading higher following the release of their Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:16 am

CFLT

Confluent shares surged following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company has uplifted its full-year 2024 guidance, surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:16 am

LYFT

Lyft shares are trading higher after the company reported mixed results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:15 am