Ultime notizie per Astec Industries (NASDAQ:ASTE) Azioni

Astec Industries

Astec Industries Inc designs and manufactures equipment and components used in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions generating maximum revenue and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.

Astec Industries Inc

ASTELLAS PHARMA INC by Astellas Pharma, Inc.

Astellas Pharma Inc

ASTELLAS PHARMA UNSP/ADR by Astellas Pharma, Inc.

Astera Labs Inc

Right Lane Industries ("Right Lane"), a privately-held industrial-holding company focused on corporate carveouts and other complex transactions, today announced that it has signed an agreement to sell TerraSource Holdings LLC ("TerraSource") to Astec Industries ("Astec") for a purchase price of $245 million. TerraSource, headquartered in Saint Louis, is a leading provider of material handling equipment and related aftermarket parts and services for crushing and separating applications globally.
Right Lane acquired a 51% interest in TerraSource from Hillenbrand, Inc. in October, 2021, and worked to enhance the scale, profitability and competitiveness of the company. Right Lane combined an aligned management team with targeted operational improvements and transformative acquisitions to create an attractive global business with significant growth prospects, ultimately delivering exceptional value for all stakeholders involved.
The transaction is expected to close by July 1, following receipt of customary regulatory approvals and other normal closing conditions. Key Banc Capital Markets advised TerraSource on the transaction, and Taft served as legal counsel.

News

ASTE

Right Lane Industries Agrees To Sell TerraSource Holdings To Astec Industries For $245M

Astec Enters Into Definitive Agreement to Acquire TerraSource Holdings For $245M; Anticipates Adj. EBITDA Multiple Of 5.9x Adjusted For Expected Tax Benefits Of ~$15M And Annual Run-Rate Synergies ~$10M By End Of Year Two

Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.46 by 91.3 percent. This is a 158.82 percent increase over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $329.40 million which beat the analyst consensus estimate of $320.40 million by 2.81 percent. This is a 6.53 percent increase over sales of $309.20 million the same period last year.

Earnings

Earnings Beats

Astec Industries Q1 Adj. EPS $0.88 Beats $0.46 Estimate, Sales $329.40M Beat $320.40M Estimate

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Earnings Scheduled For April 29, 2025

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Shares of machinery companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Baird analyst Mircea Dobre maintains Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) with a Neutral and raises the price target from $40 to $41.

Price Target

Analyst Ratings

Baird Maintains Neutral on Astec Industries, Raises Price Target to $41

Astec Industries shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results.

Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) reported quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $0.73 by 63.01 percent. This is a 32.22 percent increase over earnings of $0.90 per share from the same period last year. The company reported quarterly sales of $359.00 million which missed the analyst consensus estimate of $371.40 million by 3.34 percent. This is a 6.47 percent increase over sales of $337.20 million the same period last year.

Earnings Misses

Astec Industries Q4 2024 Adj EPS $1.19 Beats $0.73 Estimate, Sales $359.00M Miss $371.40M Estimate

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Core Scientific, Inc. - Class A Common Stock

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Earnings Scheduled For February 26, 2025

Baird analyst Mircea Dobre maintains Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) with a Neutral and raises the price target from $36 to $40.

Baird Maintains Neutral on Astec Industries, Raises Price Target to $40

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Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Astec Industries Q3 2024 Adj. EPS $0.31, Inline, Sales $291.4M Miss $312.900M Estimate

Astec Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) ("Astec" or the "Company") today announced the appointment of Brian J. Harris as its Chief Financial Officer, effective immediately. In connection with the appointment of Mr. Harris, Heinrich Jonker will step down from his role as Interim Chief Financial Officer and will continue to serve as Vice President Finance – Infrastructure Solutions of the Company.

Management

Astec Industries Announces Brian J. Harris As New Chief Financial Officer

Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) reported quarterly earnings of $0.61 per share which missed the analyst consensus estimate of $0.68 by 10.29 percent. This is a 29.89 percent decrease over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $345.50 million which beat the analyst consensus estimate of $332.54 million by 3.90 percent. This is a 1.29 percent decrease over sales of $350.00 million the same period last year.

Astec Industries Q2 Adj $0.61 Misses $0.69 Estimate, Sales $345.50M Beat $332.54M Estimate

Caterpillar (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cat#NYSE">CAT</a>) has consistently traded above its 200-day simple moving average so far this year, indicating robust upward momentum. This reflects the company&#39;s solid financial performance, steady return to shareholders, and confidence in CAT&#39;s financial health and prospects.
<h3>CAT Trades Above 200-Day SMA</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/70754.jpg?v=1405189394" style="border-style:solid; border-width:1px; height:361px; width:600px" />
Image Source: Zacks Investment Research
Caterpillar shares have gained 32.2% in the past year, outperforming the industry&#39;s 28.4%. It has also outpaced the broader Zacks Industrial Products sector&#39;s 9.2% growth and the S&amp;P 500&#39;s climb of 27.8%.
<h3>CAT&#39;s One Year Price Performance Against Industry &amp; Broader Market</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/62/70755.jpg?v=213048743" style="border-style:solid; border-width:1px; height:361px; width:600px" />
Image Source: Zacks Investment Research
The stock&#39;s performance has been upbeat compared with its peers. Shares of Komatsu (OTC: <a class="ticker" href="https://www.benzinga.com/stock/kmtuy#OTC">KMTUY</a>) have risen 16%, whereas Astec (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aste#NASDAQ">ASTE</a>) and Terex (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tex#NYSE">TEX</a>) have witnessed declines of 33.3% and 9.8%, respectively, in the same time span.
Is this the right time to buy CAT shares to gain from the potential upside? Let us delve deeper into the stock&#39;s fundamentals to find out.
<h3>Earnings Growth Consistent</h3>
Caterpillar has reported year-over-year improvements in earnings per share for thirteen straight quarters. This demonstrates resilience amid the significant challenges faced by the company and the broader industry during this period, including the pandemic, supply-chain disruptions and prolonged contraction in the manufacturing sector since November 2022.
The chart below shows an upward trend in CAT&#39;s EPS over the past three years. This feat was achieved by its cost-saving strategies, pricing actions and strong demand in its end markets. Notably, Caterpillar has delivered record EPS in 2023 and the first quarter of 2024.
<h3>Caterpillar&#39;s EPS Trend in Past 3 Years</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1e/70759.jpg?v=1716546660" style="border-style:solid; border-width:1px; height:301px; width:580px" />
Image Source: Zacks Investment Research
<h3>Backlog Robust &amp; End-Market Demand Upbeat</h3>
Caterpillar reported a solid backlog of $27.9 billion at the end of the first quarter of 2024. Backlog as a percentage of revenues is higher than historic levels, which poises the company well for the forthcoming few quarters.
The increase in projects enabled by the U.S. Infrastructure Investment and Jobs Act creates massive opportunities for Caterpillar&#39;s wide range of construction equipment.
The worldwide efforts in the transition to clean energy will require a huge amount of commodities, which, in turn, will boost the demand for Caterpillar&#39;s mining equipment. Miners are increasingly relying on autonomy to increase productivity and efficiency, reduce costs, and improve safety. Caterpillar has been enhancing its autonomous fleet to capitalize on these trends.
In Energy &amp; Transportation, strong order rates in most applications are expected to support revenues. In the Oil &amp; Gas sector, the increased focus on sustainability will drive the demand for CAT equipment. As technology companies establish data centers globally to support their generative AI applications, Caterpillar is witnessing robust order levels for reciprocating engines for data centers. The company is planning to double its output with a multi-year capital investment.
<h3>High-Margin Service Revenues Act as a Key Catalyst</h3>
In the e-commerce space, Caterpillar has been enhancing its digital product offerings. In 2023, the company added more than 100,000 customers to its online channel. In 2022, it had set a three-year goal to grow dealer parts sales through e-commerce by 50% from a baseline of $10 million per day and has already achieved the goal.
CAT has been seeing growth in aftermarket parts and service-related revenues, which generate high margins. Caterpillar is on track to double its services revenues from $14 billion in 2016 to $28 billion in 2026.
<h3>Solid Liquidity &amp; Attractive Dividend Yield &amp; Payout</h3>
Caterpillar&#39;s cash and liquidity position remains strong, which enables it to invest in business while returning cash to shareholders. Machinery and Energy &amp; Transportation&#39;s (ME&amp;T) free cash was a record $10 billion in 2023 and was $1.3 billion in the first quarter of 2024. It expects the free cash flow in 2024 to be in the top half of $5-$10 billion. The company returned a record $5.1 billion in cash as share repurchases and dividends in the first quarter of 2024. CAT has a target to return all of its ME&amp;T free cash flow to shareholders over time.
In June 2024, Caterpillar announced an 8% hike in the quarterly dividend to $1.41 per share. The company has a five-year dividend growth rate of 6.1%. CAT&#39;s 1.57% dividend yield is higher than the sector&#39;s yield of 1.50% and the S&amp;P 500&#39;s 1.26%.
CAT has a payout ratio of 23.7%, higher than the industry&#39;s 22.5%. The company has a solid track of paying higher dividends to shareholders for 30 straight years and is a member of the S&amp;P 500 Dividend Aristocrat Index.
CAT has also added $20 billion to its existing share repurchase authorization, which was launched in 2022 with no expiration date. This entitles Caterpillar to repurchase up to $21.8 billion of its common stock.
<h3>Generating Returns Higher Than Broader Market</h3>
Return on equity &mdash; a profitability measure of how prudently the company is utilizing its shareholders&#39; funds &mdash; is 57%, higher than the sector&#39;s average of 22.8% and the S&amp;P 500&#39;s 28.2%.
CAT&#39;s Return on Assets is at 12.7%, ahead of the sector&#39;s 7.5% and the S&amp;P 500&#39;s 7.1%, indicating that the company has been utilizing its assets efficiently to generate returns.
<h3>Upbeat Earnings Estimates</h3>
Caterpillar expects revenues in 2024 to be in line with the record 2023 revenues of $67 billion. The company maintains its guidance of revenues at $42-$72 billion. According to the revenue levels, margins are expected between 10% and 22%. The adjusted operating margin in 2024 is expected to be in the top half of the target range corresponding to the expected level of revenues.
<h3>CAT&#39;s Guidance Range</h3>
<img alt="Caterpillar" src="https://staticx-tuner.zacks.com/images/articles/charts/52/70761.jpg?v=1725444044" style="border-style:solid; border-width:1px; height:361px; width:600px" />
Image Source: Caterpillar
The Zacks Consensus Estimate for 2024 earnings indicates year-over-year growth of 2.45% and 5.90% for 2025. CAT has a long-term EPS growth rate of 8.9%.
<h3>Valuation</h3>
CAT is currently trading at a forward 12-month P/E of 14.68, at a premium compared with the industry&#39;s 14.22X. The stock is also not cheap when compared with Komatsu, Terex and Manitowoc, all of which are currently trading below the industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c8/70786.jpg?v=102732841" style="border-style:solid; border-width:1px; height:315px; width:620px" />
Image Source: Zacks Investment Research
<h3>To Sum Up</h3>
Caterpillar&#39;s solid long-term demand prospects, backed by infrastructure spending and energy-transition trends, as well as its focus on growing service revenues, should help it maintain an upbeat performance. The company is also returning value to shareholders through share buybacks and consistent dividend payments. Existing stakeholders should maintain their position in this Zacks Rank #3 (Hold) stock, while new investors should wait for a better entry point, given its higher valuation.
<a href="https://www.zacks.com/stock/news/2298572/caterpillar-cat-trades-above-200-day-sma-how-to-play-the-stock?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2298572">To read this article on Zacks.com click here.</a>

Small Cap

Markets

Trading Ideas

KMTUY

Caterpillar Trades Above 200-Day SMA: How to Play the Stock?

Investors in Astec Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aste#NASDAQ">ASTE</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $22.5 Put had some of the highest implied volatility of all equity options today.
<h3>What is Implied Volatility?</h3>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h3>What do the Analysts Think?</h3>
Clearly, options traders are pricing in a big move for Astec shares, but what is the fundamental picture for the company? Currently, Astec is a Zacks Rank #5 (Strong Sell) in the Manufacturing - Construction and Mining industry that ranks in the Bottom 23% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased the earnings estimates for the current quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 84 cents per share to 72 cents in that period.
Given the way analysts feel about Astec right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2292933/is-the-options-market-predicting-a-spike-in-astec-aste-stock?cid=CS-BENZ-FT-tale_of_the_tape|options-2292933">To read this article on Zacks.com click here.</a>

Options

Is the Options Market Predicting a Spike in Astec Stock?

Stifel analyst Stanley Elliott downgrades Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) from Buy to Hold and lowers the price target from $47 to $37.

Downgrades

Stifel Downgrades Astec Industries to Hold, Lowers Price Target to $37

Shares of Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) fell sharply during Wednesday's session as the company reported first-quarter results and issued revenue <a href="https://www.benzinga.com/news/earnings/24/04/38534910/amd-investors-pull-back-after-modest-q1-beat-ceo-touts-ai-chip-ramp-up">guidance for the second quarter</a>.
AMD guided to second-quarter revenue of $5.7 billion plus or minus $300 million and a non-GAAP gross margin of about 53% against Street estimates of $5.7 billion in second-quarter revenue. Street expectations for fiscal year 2024 are for earnings of $3.40 per share and revenue of $24.13 billion, respectively, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Advanced Micro Devices shares dipped 6.9% to $147.44 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>CytomX Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) shares jumped 97.5% to $3.2199. CytomX Therapeutics will report first quarter 2024 results and issue an initial CX-904 Phase 1a clinical data update on May 8.</li>
<li>IM Cannabis Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) gained 41.3% to $1.2150 after jumping around 54% on Tuesday.</li>
<li>Akanda Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) gained 39.5% to $0.1295. Shares of cannabis-related stocks traded higher following reports suggesting the DEA plans to reclassify cannabis as a less dangerous drug.</li>
<li>Getaround, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) rose 35% to $0.2741 after the company announced it secured up to $50 million in additional financing.</li>
<li>Rocky Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKY#NASDAQ">RCKY</a>) gained 31.6% to $33.93 after the company reported better-than-expected quarterly financial results.</li>
<li>Palisade Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) shares climbed 28% to $7.72 after the company announced completion of its analysis to determine the effects of bioactivated PALI-2108 on TNF-α production in a whole blood assay.</li>
<li>TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) shares rose 28% to $120.26 after the company raised its 2024 guidance.</li>
<li>Surmodics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRDX#NASDAQ">SRDX</a>) gained 27.2% to $32.69 following strong quarterly results.</li>
<li>DecisionPoint Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPSI#NASDAQ">DPSI</a>) rose 24.6% to $10.03 as the company agreed to go private in all-cash transaction.</li>
<li>CareDx, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>) rose 23.4% to $9.59. CareDx is expected to report financial results for the first quarter 2024 after the closing bell on Thursday, May 9.</li>
<li>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) jumped 23.2% to $176.16 after the company reported better-than-expected second-quarter financial results.</li>
<li>TG Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) rose 21.7% to $16.64 following a first-quarter revenue beat and increased 2024 Briumvi US net product revenue outlook.</li>
<li>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) climbed 20% to $3.1887 following quarterly results.</li>
<li>Bio-Techne Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>) jumped 20.1% to $75.89 following upbeat quarterly results.</li>
<li>Inari Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NARI#NASDAQ">NARI</a>) shares gained 19.1% to $44.47 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 18% to $8.87.</li>
<li>A10 Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) gained 17.7% to $15.38 following better-than-expected quarterly results.</li>
<li>Pinterest, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) rose 17.5% to $39.29 following strong first-quarter earnings and upbeat second-quarter guidance.</li>
<li>Root, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares climbed 17.2% to $81.66 after the company reported better-than-expected first-quarter financial results.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 17.2% to $8.82 following upbeat earnings.</li>
<li>UFP Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPT#NASDAQ">UFPT</a>) jumped 13.8% to $234.34 following upbeat earnings.</li>
<li>Conduent Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNDT#NASDAQ">CNDT</a>) rose 13.7% to $3.58 after the company reported better-than-expected first-quarter results and issued strong FY24 guidance.</li>
<li>Stagwell Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STGW#NASDAQ">STGW</a>) gained 13.1% to $6.73 following upbeat earnings.</li>
<li>The Chefs&#8217; Warehouse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) climbed 11.5% to $36.89 following strong quarterly earnings.</li>
<li>Garmin Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NASDAQ">GRMN</a>) rose 11% to $160.40 after the company reported better-than-expected first-quarter financial results and affirmed FY24 adjusted EPS and sales guidance, which is above estimates.</li>
<li>Predictive Oncology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POAI#NASDAQ">POAI</a>) rose 9.9% to $1.5699 after the company announced a collaboration with FluGen for an intranasal flu vaccine.</li>
<li>Trinity Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRN#NYSE">TRN</a>) gained 9.4% to $28.48 following upbeat earnings.</li>
<li>Plutonian Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTN#NASDAQ">PLTN</a>) gained 6.8% to $9.48.</li>
<li>Lion Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares gained 6.5% to $0.5188 after the company reported a year-over-year increase in FY23 financial results.</li>
<li>Lemonade, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares gained 6% to $18.26 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares fell 73.1% to $0.3054 after the company announced pricing of a $10 million upsized underwritten public offering.</li>
<li>Mobile-health Network Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDR#NASDAQ">MNDR</a>) dipped 61.8% to $9.41.</li>
<li>CVRx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) fell 40.2% to $9.27 after the company reported worse-than-expected first-quarter financial results. JP Morgan analyst Robbie Marcus downgraded the stock from Overweight to Neutral and lowered the price target from $36 to $13.</li>
<li>Leggett &amp; Platt, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) fell 29.1% to $12.81 after the company reported worse-than-expected first-quarter financial results. The company also reduced its dividend.</li>
<li>Concord Medical Services Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) dipped 28.8% to $0.6052.</li>
<li>XTI Aerospace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) fell 25.5% to $1.90</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) dipped 25% to $11.16.</li>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) declined 22.3% to $0.1883.</li>
<li>Astec Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) fell 21.1% to $32.99 following downbeat quarterly results.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) dipped 19.4% to $54.55 following worse-than-expected first-quarter EPS and revenues.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares declined 15.9% to $721.99 following mixed third-quarter financial results.</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) fell 15.8% to $74.54 following weaker-than-expected second-quarter earnings.</li>
<li>Ryerson Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) declined 15.1% to $24.25 after posting a loss for the first quarter.</li>
<li>DigitalBridge Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBRG#NASDAQ">DBRG</a>) fell 14.4% to $14.08 after the company reported first-quarter financial results.</li>
<li>Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) dipped 14% to $41.04 after the company reported mixed second-quarter financial results and cut FY24 adjusted EPS guidance below estimates.</li>
<li>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares fell 13.7% to $92.01 after the company reported second-quarter financial results and issued third-quarter revenue guidance with the midpoint below estimates.</li>
<li>Sobr Safe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares declined 12.2% to $0.2801.</li>
<li>SiteOne Landscape Supply, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SITE#NASDAQ">SITE</a>) fell 11.6% to $138.66 after the company reported mixed first-quarter financial results.</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) fell 11% to $16.84 following a first-quarter revenue miss and soft FY24 guidance.</li>
<li>O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) fell 10.5% to $13.38 after the company reported worse-than-expected first-quarter sales results and cut FY24 adjusted EPS guidance.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) fell 9.7% to $132.39 after the company reported third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) fell 9% to $111.68 after the company reported first-quarter financial results and issued guidance.</li>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) dipped 8.8% to $66.59. A report earlier today indicated federal prosecutors are examining the company&#8217;s financial transactions.</li>
<li>The Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) fell 8.2% to $41.10 after the company reported first-quarter financial results.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) shares declined 7.9% to $1.2801. Polestar delayed annual report due to accounting errors.</li>
<li>The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) fell 6.3% to $36.19 following mixed first-quarter results.</li>
<li>The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) fell 6% to $139.09 after the company reported worse-than-expected third-quarter sales results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38550761/how-to-earn-500-a-month-from-intel-stock-following-q1-earnings-report">How To Earn $500 A Month From Intel Stock Following Q1 Earnings Report</a>

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