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CTVA

Corteva, Inc. has announced its intention to repurchase approximately $1.0 billion of its shares in 2024. This buyback plan reflects the company's confidence in its financial strength and commitment to delivering value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:04 pm

CTVA

Corteva (NYSE:CTVA) reported Q4 adjusted earnings per share (EPS) of $0.15, surpassing the analyst consensus estimate of $0.06 by 150%. However, this represents a 6.25% decrease from the $0.16 EPS reported in the same quarter last year. Sales reached $3.71 billion, exceeding the $3.62 billion estimate by 2.40%, but marking a 3.08% decline from the $3.83 billion in sales reported in the same period the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:03 pm

RNAZ

TransCode Therapeutics has regained compliance with Nasdaq's listing requirements. Previously, the company was at risk of being delisted due to non-compliance with the minimum bid price requirement. The company's stock, RNAZ, is now back in compliance, which is positive news for investors and the company's continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:55 pm

AAPL

QCOM

Qualcomm has extended its licensing agreement with Apple until March 2027, ensuring a continued partnership between the two tech giants for the next several years.

Portfolio Pulse from Charles Gross

January 31, 2024 | 9:54 pm

RKLB

Rocket Lab USA Inc (RKLB) shares dropped after announcing a private offering to raise $275 million through convertible senior notes due 2029. The proceeds will fund capped call transactions and repay part of its equipment financing. This follows preliminary Q4 results with expected revenues of $59-$61 million, gross margins of 24.8%-26.8%, and a net loss of $49-$52.5 million. The company's stock fell 2.61% and an additional 12.01% after hours.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 9:54 pm

SNCY

Sun Country Airlines projects its Q1 2024 revenue to be between $310M and $320M, which is in line with the estimated $311.889M by analysts.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:53 pm

VLCN

Volcon Inc. (VLCN) announced a 1-for-45 reverse stock split, causing its shares to trade lower. Reverse stock splits often signal that a company is attempting to boost its share price to meet exchange listing requirements or to improve perception, but can be viewed negatively by the market as it may indicate underlying issues with the company's value or performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:52 pm

SNCY

Sun Country Airlines (NASDAQ:SNCY) reported Q4 2023 earnings of $0.12 per share, surpassing the consensus estimate of $0.05 by 140%. However, their quarterly sales of $245.50 million fell short of the expected $248.21 million by 1.09%, despite being an 8.08% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:52 pm

EZPW

EZCORP's stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:51 pm

VLCN

Volcon, Inc. has announced a 1-for-45 reverse stock split. This corporate action is typically used by companies to boost their share price by reducing the number of shares outstanding, which can help them meet minimum price requirements for stock exchanges and improve investor perceptions. However, reverse splits do not change the company's overall market capitalization and can sometimes be viewed negatively as they may signal underlying issues with the company's performance or stock demand.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:49 pm