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5 days ago | 
benzinga.com | Nabaparna Bhattacharya
Citizens analyst Trevor Walsh reiterated the Market Perform rating on Rocket Lab USA, Inc. RKLB on Friday. On Thursday, the company reported financial results for the first quarter, with revenues of $122.57 million, beating the consensus estimate of $121.38 million. The company reported a first-quarter loss of 12 cents per share, beating analyst estimates for a loss of 13 cents per share.
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5 days ago | 
benzinga.com | Nabaparna Bhattacharya
Goldman Sachs analyst Eric Sheridan reiterated a Buy rating on Pinterest, Inc. PINS on Friday, raising the price forecast from $40 to $42. On Thursday, Pinterest reported first-quarter revenue of $855 million, beating estimates of $846.59 million. The idea discovery platform company reported first-quarter adjusted earnings of 23 cents per share, missing analyst estimates of 26 cents per share.
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5 days ago | 
benzinga.com | Nabaparna Bhattacharya
Needham analyst Quinn Bolton reiterated the Buy rating on D-Wave Quantum Inc. QBTS, raising the price forecast from $8.50 to $13. On Thursday, the company reported revenue of $15 million for the quarter ended March 31, a more than sixfold increase on a year-over-year basis. The revenue boost was largely driven by the first recognized sale of its Advantage quantum computing system to a major research institution and increased client adoption of its hybrid quantum solutions.
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5 days ago | 
benzinga.com | Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey reiterated the Outperform rating on Birkenstock Holding (NYSE:BIRK) with a price forecast of $70. The company is set to report its second-quarter results on May 15, before the market opens. Telsey projects total revenue to grow 17.7% year-over-year to 566.4 million euros, slightly trailing the consensus estimate of 568.2 million euros.
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5 days ago | 
benzinga.com | Nabaparna Bhattacharya
EchoStar Corporation SATS shares are trading higher on Friday. The company reported a loss of 71 cents per share, missing the analyst consensus estimate of 69 cents loss. EchoStar registered quarterly sales of $3.87 billion (down 3.6% year-over-year), in line with the Street view. DISH’s Pay-TV revenue declined to $2.54 billion, down 6.9% year-over-year. Wireless revenue rose to $973 million, a 6.4% increase from the prior year.
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5 days ago | 
benzinga.com | Nabaparna Bhattacharya
NIO Inc. NIO shares saw modest gains on Friday. The electric vehicle maker reportedly revealed plans to refresh several of its key models. The company confirmed it will begin accepting pre-orders on Saturday, May 10, for updated versions of its ES6 SUV, EC6 coupe SUV, and its ET5 and ET5 Touring sedans, reports CnEV Post. The report adds that NIO noted that showroom displays of the revamped ES6 and EC6 will be available across China starting May 10.
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5 days ago | 
benzinga.com | Nabaparna Bhattacharya
Newsmax, Inc. NMAX saw its shares rise on Friday after the conservative news organization inked a multi-year deal to launch its cable channel on Hulu + Live TV. The addition marks a pivotal milestone for the network, as Newsmax now holds carriage agreements with every leading pay-TV operator in the country. Newsmax expects the rollout to expand its reach to roughly 60 million U.S. households beginning in July.
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6 days ago | 
benzinga.com | Nabaparna Bhattacharya
Bank of America Securities analyst Curtis Nagle reiterated the Neutral rating on Zillow Group, Inc. ZG on Thursday, lowering the price forecast from $72 to $70. On Wednesday, the company reported first-quarter revenues of $598 million, up 13% year over year. The analyst noted that management pointed to better-than-expected momentum from its Redfin Rentals partnership, guiding to 35% growth in Q2 Rentals compared to the Street's 30% estimate.
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6 days ago | 
benzinga.com | Nabaparna Bhattacharya
Canaccord Genuity analyst Joseph Vafi reiterated a Buy rating on Cipher Mining Inc. (NASDAQ:CIFR) on Wednesday, maintaining an $8 price target, citing the company's unique positioning in both Bitcoin mining and AI hosting. Vafi pointed to Cipher's advantageous power purchase agreement at its Odessa facility and the recent term sheet with Fortress Credit Advisors as signs of a differentiated approach.
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6 days ago | 
benzinga.com | Nabaparna Bhattacharya
US Foods Holding Corp. (NYSE:USFD) shares are trading higher after the company reported first-quarter results. The company reported adjusted earnings per share of 68 cents, missing the analyst consensus estimate of 69 cents. Quarterly sales of $9.35 billion (up 4.5% year over year) missed the Street view of $9.38 billion. Sysco reported a 1.1% rise in total case volume, including a 2.5% increase from independent restaurants, while gross profit grew 8% to $1.6 billion.
