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PTC

PTC Inc. (NASDAQ:PTC) reported Q2 earnings of $1.46 per share, surpassing the consensus estimate of $1.23 by 18.7%. Quarterly sales were $603M, exceeding estimates of $576.5M by 4.6%. This represents a 25.86% increase in earnings and an 11.22% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:02 pm

CTSH

Cognizant Technology Solutions (CTSH) reported Q1 2024 earnings of $1.12 per share, surpassing the $1.11 consensus estimate. Sales reached $4.800 billion, exceeding the $4.718 billion estimate but marking a 0.25% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:01 pm

QCOM

Qualcomm Inc (NASDAQ:QCOM) reported Q2 financial results with a revenue of $9.39 billion, up 1% YOY, beating the consensus estimate of $9.34 billion. EPS was $2.44, surpassing the estimate of $2.32. The company saw a record in automotive revenue at $603 million, a 35% increase YOY, and announced a quarterly cash dividend increase to $3.40 per share. QCT and QTL segments also reported growth. Qualcomm anticipates Q3 revenue between $8.8 billion and $9.6 billion, with EPS in the range of $2.15 to $2.35.

Portfolio Pulse from Chris Katje

May 01, 2024 | 8:01 pm

QRVO

Qorvo reported Q4 2024 adjusted EPS of $1.39, surpassing the $1.21 estimate, with sales of $941M also beating the $926.248M estimate, marking a 48.73% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:01 pm

MPTI

M-Tron Industries (NYSE:MPTI) has seen a 19.31% increase in short interest, now at 181 thousand shares or 10.32% of its float. This is significantly higher than its peer group average of 3.76%. The rise in short interest suggests a bearish market sentiment towards MPTI, though it's noted that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:00 pm

TKR

Timken (NYSE:TKR) has been analyzed by 5 analysts, showing a mix of bullish to indifferent sentiments with an average 12-month price target of $91.6, up from $85.80. The company's financial performance indicates challenges in profitability, revenue growth, and debt management compared to industry averages. Analysts' ratings and price targets have been updated, reflecting their views on the company's market standing and future performance.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:00 pm

EQIX

Equinix (NASDAQ:EQIX) has delivered an average annual return of 17.36% over the past 20 years, outperforming the market by 9.41% annually. A $100 investment in EQIX 20 years ago would be worth $2,323.48 today, showcasing the impact of compounded returns over time. Equinix's current market capitalization stands at $66.39 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:00 pm

ELF

e.l.f. Beauty (NYSE:ELF) has significantly outperformed the market with an annualized return of 67.12% over the past 5 years, growing a $1000 investment to $12,313.27. The company now has a market capitalization of $8.86 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:00 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has seen a decrease in short interest, with the current short percent of float at 7.74%, down 8.29% from the last report. The company has 8.19 million shares sold short, requiring 5.32 days on average for traders to cover their short positions. This change in short interest could indicate a shift in market sentiment towards BJ's stock. Compared to its peers, BJ's has a higher short interest percentage, with the average for its peer group at 2.48%.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:00 pm

SAIA

Saia Inc. (NYSE:SAIA) has seen a decrease in short interest by 11.03% since its last report, with 1.30 million shares currently shorted, representing 6.21% of its float. This decline in short interest could indicate a more bullish sentiment towards the stock, despite it being higher than the peer group average of 4.48%. The coverage time for these short positions is estimated at 5.51 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:00 pm