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DMRC

Digimarc's stock price increased following the announcement of their Q1 2024 earnings, which surpassed analysts' expectations in terms of both adjusted EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:47 am

JWN

M

Sycamore Partners, a buyout equity firm, is reportedly interested in privatizing Nordstrom Inc (NYSE:JWN), causing Nordstrom's shares to surge by 6% on the NYSE. The Nordstrom CEO and president, who are brothers, have confirmed exploring privatization options. Negotiations with Sycamore or other potential buyers are ongoing, with no deal guaranteed. Nordstrom faces challenges amid inflation and high interest rates, with a net long-term debt of $2.6 billion. Macy's Inc (NYSE:M) is also seen as a potential acquisition target in the department store sector.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 10:47 am

XPO

XPO Logistics, Inc. (XPO) reported Q1 2024 adjusted EPS of $0.81, surpassing the consensus estimate of $0.67 by 20.9%. Quarterly sales reached $2.018 billion, exceeding estimates of $2.007 billion by 0.57% and marking a 5.82% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:46 am

TRP

TC Energy (NYSE:TRP) reported Q1 2024 adjusted EPS of C$1.24, surpassing the C$1.14 estimate, and sales of C$4.234B, slightly above the C$4.214B estimate. This represents a 2.48% increase in EPS and a 7.79% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:42 am

ESNT

Essent Group (NYSE:ESNT) reported Q1 2024 earnings of $1.70 per share, surpassing the $1.60 estimate, marking a 6.92% increase from last year. However, their sales of $298.357M slightly missed the $298.624M estimate, though it's a 16.43% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:41 am

AAPL

Apple Inc. (NASDAQ:AAPL) shares are surging in premarket trading after the company reported stronger-than-expected fiscal year 2024 second-quarter results. Highlights include a smaller-than-expected decline in China revenue, a record high installed device base, mid-single-digit percentage growth guidance for June, a $110 billion stock buyback plan, and a 6.2% dividend increase. Despite a fifth year-over-year revenue decline in six quarters, optimism remains high for the latter half of the year. CEO Tim Cook's comments on Generative AI investments and potential third-party partnerships also drew attention. Apple's stock price rose 5.90% to $183.24 in premarket trading.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 10:40 am

ATMU

Atmus Filtration Techs (NYSE:ATMU) reported Q1 2024 adjusted EPS of $0.60, surpassing the $0.55 estimate, and sales of $426.600M, exceeding the $416.244M estimate. This represents a 10.45% decrease in EPS and a 1.91% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:39 am

QCOM

U.S. stock markets closed higher, influenced by the Federal Reserve's dovish rate guidance and mixed earnings. The Nasdaq benefited from Qualcomm's strong quarterly results, while the S&P 500 and Dow Jones also saw gains. Asian markets were mixed, with Australia's index up and India's down. European markets gained, and commodities saw mixed movements with crude oil and gold falling below key levels.

Portfolio Pulse from Akanksha Bakshi

May 03, 2024 | 10:37 am

MKTX

MarketAxess reported strong growth in its Credit Average Daily Volume (ADV), with an 11.9% increase overall. This growth was fueled by a 16.4% rise in U.S. high-grade volumes, a 31.7% surge in emerging markets, and a 13.3% increase in municipal bonds.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:37 am

NVT

nVent Electric (NYSE:NVT) reported Q1 earnings of $0.77 per share, surpassing the $0.74 estimate, and sales of $875M, beating the $864.35M estimate. This represents a 14.93% increase in earnings and an 18.15% increase in sales over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:33 am