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DCO

Ducommun (NYSE:DCO) reported Q1 2024 adjusted EPS of $0.70, surpassing the $0.57 estimate, marking a 22.81% beat and an 11.11% increase from the previous year. Sales reached $190.847M, exceeding estimates by 0.86% and showing a 5.33% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:37 am

PARA

PARAA

Byron Allen has expressed interest in acquiring Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) with intentions to privatize the company before launching an IPO. Allen's interest comes amidst Paramount's potential merger with SkyDance and follows significant events including a $14.3 billion acquisition offer from Allen, the departure of CEO Bob Bakish, and a $26 billion bid from Sony Group Corp and Apollo Global Management Inc. Paramount's recent earnings surpassed EPS estimates but missed on revenue.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 10:35 am

KMT

Kennametal (NYSE:KMT) reported Q3 earnings of $0.24 per share, missing the consensus estimate of $0.31, and sales of $515.79M, missing the estimate of $518.44M. This represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:33 am

VERU

Veru Inc. (NASDAQ:VERU) reported Q2 2024 earnings with an adjusted EPS of $(0.07), missing the $(0.05) estimate by 40%. However, their sales of $4.10M exceeded the $3.00M estimate by 36.67%, despite being a 37.75% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:33 am

DINO

HF Sinclair's board has authorized a new $1 billion stock buyback program, highlighting their commitment to shareholder returns. The company also returned $269 million in cash to shareholders during the quarter. With the upcoming summer driving season, HF Sinclair anticipates a favorable market environment, positioning them to generate strong earnings and cash flows.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:32 am

CHH

Choice Hotels Intl (NYSE:CHH) reported Q1 2024 adjusted EPS of $1.28, surpassing the $1.14 estimate, marking a 14.29% increase from last year. However, sales of $331.949M fell short of the $343.166M estimate, a slight 0.25% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:32 am

ACMR

ACM Research shares surged following the announcement of stronger than anticipated Q1 results and the maintenance of its FY24 revenue forecast.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:32 am

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