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TDG

TransDigm Group Incorporated (NYSE:TDG) reported Q2 earnings and sales above market expectations, leading to an upward revision of its FY24 outlook. Adjusted earnings were $7.99 per share against an expected $7.42, with sales of $1.919 billion surpassing estimates of $1.880 billion. The new FY24 sales forecast is between $7.68 billion and $7.80 billion, with adjusted EPS projected at $31.75 to $33.09. Following the announcement, TDG shares rose by 0.7%. Analysts from Baird and Susquehanna revised their price targets upwards, reflecting optimism about the company's performance.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 12:57 pm

REBN

Reborn Coffee's stock is trading higher following the announcement of its expansion into the China market via a strategic Master License Agreement with IAID Co.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:55 pm

LEU

Centrus Energy (AMEX:LEU) reported Q1 2024 earnings with a GAAP EPS of $(0.38), missing the $0.55 estimate, and sales of $43.70M, falling short of the $76.90M estimate. This represents a 34.68% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:55 pm

IVP

Trading for IVP was halted and then resumed at 8:55:00 AM ET, with updates on quotation resumption, news, and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:55 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares dropped following reports of U.S. prosecutors investigating whether the company misled investors and customers about its self-driving technology. The Justice Department is examining statements by Tesla and CEO Elon Musk regarding the full self-driving capabilities, amid concerns of potential wire and securities fraud. This investigation, also involving the SEC, follows Tesla's disclosure of the DOJ's request for information on its Full Self-Driving technology. Despite recent pressure on shares, Musk remains optimistic about Tesla's future in autonomy and robotaxis.

Portfolio Pulse from Adam Eckert

May 08, 2024 | 12:53 pm

TSLA

Tesla shares are trading lower following a report that U.S. prosecutors are investigating whether the company misled investors and customers about its self-driving technology.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:53 pm

OLO

Olo shares surged following the announcement of Q1 financial results that exceeded expectations, along with Q2 and FY24 revenue guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:49 pm

TMCI

Truist Securities analyst Richard Newitter downgraded Treace Medical Concepts (TMCI) from Buy to Hold and reduced the price target from $17 to $7, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:47 pm

EAF

ETST

RVP

Insiders at GrafTech International, Retractable Technologies, and Earth Science Tech have recently made significant stock purchases. These transactions indicate insider confidence in these companies, which could be a positive signal for investors. Retractable Technologies and GrafTech International are listed on the NYSE, with recent insider buys at $1.09 and $1.81 per share respectively. Earth Science Tech, traded on the OTC, saw its CEO purchase shares at $0.10 each. These companies have also reported notable developments, such as financial results and stock repurchase programs.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 12:44 pm

SPCE

Susquehanna analyst Charles Minervino has maintained a Neutral rating on Virgin Galactic Holdings (SPCE) and lowered the price target from $2 to $1.1.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:44 pm