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THAI NVDR CO LTD NVDR SH by Thai NVDR Co Ltd.

Consumer health company&nbsp;Kenvue Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>)&nbsp;reported third-quarter sales of $3.89 billion, down 0.4% year-over-year (up 0.9% organically), slightly below the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">consensus of $3.93 billion</a>.
Kenvue&#8217;s some of the iconic brands include Aveeno, BAND-AID Brand, Johnson&#8217;s, Listerine, Neutrogena, and Tylenol.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41419988/tylenol-listerine-maker-kenvue-under-activist-spotlight-with-starboard-value-stake-overhaul-ahea" rel="noreferrer noopener">Tylenol, Listerine Maker Kenvue Under Activist Spotlight With Starboard Value Stake — Overhaul Ahead For The Johnson &amp; Johnson Spinoff?</a>
Value realization was driven by a combination of carry-over pricing and price actions taken this year. The volume decline was driven primarily by Skin Health and Beauty and Self Care, partially offset by growth <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41801902/kenvue-reports-third-quarter-2024-results" rel="noreferrer noopener">in Essential Health</a>.
Adjusted gross profit margin&nbsp;expanded 130 basis points to 60.7% from 59.4% in the prior year, reflecting productivity gains attributable to global supply chain efficiency initiatives and benefits from value realization.
Third quarter adjusted operating income margin&nbsp;was 22.1% vs 23.3% in the prior year.
The self-care segment recorded $1.63 billion in net sales, up 0.7% year over year. The skin health and beauty segment recorded a 4.2% drop in second-quarter net sales to $1.07 billion. Essential Health segment sales increased around 1.6% to&nbsp;$1.20 billion.
&#8220;During the third quarter, we continued to drive strong productivity and realize efficiency benefits from Our Vue Forward, which we are reinvesting behind our iconic brands to unleash the full potential of our business and fulfill our commitment to create long-term shareholder value,&#8221; said Thibaut Mongon, Chief Executive Officer. &#8220;This reinvestment is enabling us to continue to drive share gains in Self Care, deliver broad-based growth across the Essential Health categories, and build the right foundation in Skin Health and Beauty, where we are seeing early signs of recovery.&nbsp;
Guidance: Kenvue expects 2024 net sales growth and organic growth toward the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40192182/listerine-maker-kenvues-stock-soars-on-strong-q2-sales-from-its-essential-health-unit-reaffirms-ann" rel="noreferrer noopener">low end of its outlook</a> of 1.0%-3.0% and 2.0%-4.0%, respectively.
The consumer health giant reaffirms 2024 adjusted EPS of $1.10-$1.20 versus consensus of $1.14
Price Action: KVUE stock is up 3.44% at $23.28 at the last check on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41810769/barrick-gold-misses-earnings-reports-lower-gold-sales-and-copper-output" target="_blank" rel="noreferrer noopener">Barrick Gold Misses Earnings: Reports Lower Gold Sales And Copper Output</a></li>
</ul>
Photo via Shutterstock

Earnings

Large Cap

News

Guidance

Health Care

Movers

General

KVUE

Listerine And Tylenol Maker Kenvue's Q3 Earnings: Revenue Miss On Weak Skin Health And Beauty Sales

Susquehanna analyst Charles Minervino maintains Howmet Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) with a Positive and raises the price target from $120 to $132.

Price Target

Analyst Ratings

Susquehanna Maintains Positive on Howmet Aerospace, Raises Price Target to $132

Elon Musk witnessed a jaw-dropping increase in his wealth following Donald Trump's victory <a href="https://www.benzinga.com/topic/elon-musk">in the 2024 election</a>.
Data from the Bloomberg Billionaires Index showed Musk&#8217;s net worth soaring by $26.5 billion in a single day on Wednesday, lifting his total wealth to an unprecedented $290 billion.
Musk reportedly contributed $118 million to Trump's campaign, an amount that has already been dwarfed by the returns generated from the post-election Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rally.
The electric vehicle giant surged 16.2% on Wednesday, hitting the highest levels since July 2023. 
Musk&#8217;s one-day gain of $26.5 billion on Wednesday translates to a staggering 22,357% of his recent campaign contribution.
The world&#8217;s richest man, who holds approximately 20% of Tesla&#8217;s shares, maintains nearly 75% of his wealth linked to the performance of Tesla's stock in the market.
<h3 class="wp-block-heading">Tesla's Stock Exploded Under Trump's First Term</h3>
Tesla's stock performance under Trump's previous presidency was phenomenal.
During Trump's first term from November 2016 to November 2020, <a href="https://www.benzinga.com/markets/equities/24/11/41720723/tesla-vs-nvidia-stock-performance-under-biden-might-reveal-truth-about-elon-musks-support-for-tr">Tesla shares surged 987%</a>, yielding annualized returns of about 84%. 
This growth transformed Musk's net worth from $8 billion in 2016 to $107 billion by the end of Trump's term—a jaw-dropping 13-fold increase.
In contrast, Tesla's growth has been more tempered under President Joe Biden's administration. Since Biden&#8217;s win in November 2020, Tesla's stock has appreciated by about 86.5%, yielding annualized returns of around 16.2% — still significant but a far cry from the near 1,000% growth seen during Trump's previous term.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Period</th>
<th>Tesla Stock Growth</th>
<th>Annualized Return</th>
<th>Musk's Net Worth Increase</th>
</tr>
</thead>
<tbody>
<tr>
<td>Trump (Nov. 2016- Nov.2020)</td>
<td>+987%</td>
<td>~84%</td>
<td>$8B to $107B (13x)</td>
</tr>
<tr>
<td>Biden (Nov. 2020- Nov. 2024)</td>
<td>+86.5%</td>
<td>~16.2%</td>
<td>$107B to $262B (2.5x)</td>
</tr>
</tbody>
</table>
</figure>
Read also: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/11/41783357/how-did-s-p-500-sectors-perform-during-trumps-first-term-could-this-time-be-different">How Did S&amp;P 500 Sectors Perform During Trump&#8217;s First Term? Could This Time Be Different?</a></li>
</ul>
Photo: Shutterstock

Equities

Politics

Tech

TSLA

Elon Musk's Net Worth Soars By $26.5 Billion In Single Day After Tesla Stock Surges Post-Trump Victory

Susquehanna analyst Mehdi Hosseini maintains Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Positive and raises the price target from $120 to $125.

COHR

Susquehanna Maintains Positive on Coherent, Raises Price Target to $125

UBS analyst Dennis Geiger maintains Dutch Bros (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) with a Buy and raises the price target from $39 to $44.

BROS

UBS Maintains Buy on Dutch Bros, Raises Price Target to $44

RBC Capital analyst Jimmy Shan maintains Boardwalk REIT (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BEI#TSX">BEI</a>) with a Outperform and lowers the price target from C$98 to C$90.

TSX:BEI

TSX:BEI/UN

RBC Capital Maintains Outperform on Boardwalk REIT, Lowers Price Target to C$90

WIIM

IONQ

IonQ shares are trading higher after the company reported better-than-expected Q3 revenue results and raised its FY24 revenue guidance. The company also announced two separate partnerships with Ansys and NKT Photonics and an acquisition of Qubitekk. Benchmark and Needham raised their respective price targets on the stock

TTWO

Take-Two Interactive Software shares are trading higher. The company reported Q2 financial results.

Susquehanna analyst Christopher Stathoulopoulos maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Neutral and raises the price target from $125 to $130.

Susquehanna Maintains Neutral on Choice Hotels Intl, Raises Price Target to $130

UBS analyst Timothy Chiodo maintains AvidXchange Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDX#NASDAQ">AVDX</a>) with a Neutral and raises the price target from $10 to $10.5.

AVDX

UBS Maintains Neutral on AvidXchange Holdings, Raises Price Target to $10.5

Susquehanna analyst Chris Rolland maintains ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) with a Neutral and raises the price target from $115 to $118.

Susquehanna Maintains Neutral on ARM Holdings, Raises Price Target to $118

UBS analyst William Appicelli maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Sell and raises the price target from $91 to $95.

UBS Maintains Sell on American Electric Power, Raises Price Target to $95

RBC Capital analyst Keith Mackey maintains CES Energy Solutions (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CEU#TSX">CEU</a>) with a Outperform and raises the price target from C$10 to C$11.

TSX:CEU

RBC Capital Maintains Outperform on CES Energy Solutions, Raises Price Target to C$11

Keefe, Bruyette &amp; Woods analyst Paul Johnson maintains Sixth Street Specialty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSLX#NYSE">TSLX</a>) with a Outperform and lowers the price target from $23 to $21.5.

TSLX

Keefe, Bruyette & Woods Maintains Outperform on Sixth Street Specialty, Lowers Price Target to $21.5

XRAY

Dentsply Sirona shares are trading lower after the company lowered its FY24 guidance and Leerink Partners downgraded the stock from Outperform to Market Perform.

RBC Capital analyst Paul Treiber maintains CGI Inc (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) with a Outperform and raises the price target from C$170 to C$178.

TSX:GIB

TSX:GIB.A

RBC Capital Maintains Outperform on CGI Inc, Raises Price Target to C$178

Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares are rocketing higher Thursday after the company reported better-than-expected financial results for the third quarter and added $2 billion to its buyback. Here&#8217;s a look at what <a href="https://www.benzinga.com/pressreleases/24/11/b41786448/applovin-announces-third-quarter-2024-financial-results">you need to know</a>.
What To Know: Applovin reported third-quarter revenue of $1.2 billion, beating analyst <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $1.13 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The mobile software company reported quarterly earnings of $1.25 per share, beating estimates of 94 cents per share.
Total revenue was up 39% year-over-year, driven by strong Software platform revenue growth of 66% year-over-year. Apps revenue was up 1% year-over-year.
Applovin generated $545 million of free cash flow in the quarter and ended the period with $568 million in cash and cash equivalents.
&#8220;As we continue to improve our models our advertising partners are able to successfully spend at a greater scale," the company said in a letter to shareholders.
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41807202/microsoft-shows-room-to-climb-as-tesla-nvidia-amazon-near-52-week-highs">Microsoft Shows Room To Climb As Tesla, Nvidia, Amazon Near 52-Week Highs</a>
Applovin's board increased the company's share repurchase program by $2 billion. The company said it now has $2.3 billion remaining under the buyback. 
Applovin expects fourth-quarter revenue to be in the range of $1.24 billion to $1.26 billion. The company expects fourth-quarter adjusted EBITDA to be in the range of $740 million to $760 million.
Following the print, Needham analyst Bernie McTernan reiterated Applovin with a <a href="https://www.benzinga.com/analyst-stock-ratings">Hold rating</a>. Benchmark analyst Mark Zgutowicz reiterated a Sell rating and maintained a price target of&nbsp;$66.
APP Price Action: <a href="http://benzinga.com/quote/app">Applovin shares</a> were up 46.1% at $246.41 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/24/11/41806635/whats-going-on-with-us-listed-chinese-stocks-like-alibaba-jd-nio-on-thursday">What&#8217;s Going On With US-Listed Chinese Stocks Like Alibaba, JD, Nio On Thursday?</a></li>
</ul>
Photo: courtesy of Applovin.

Applovin Stock Is Taking Off Thursday: What's Going On?

FuelCell Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading lower by 11.6% to 30 cents Thursday morning after the company announced a 1-for-30 reverse stock split of its common stock, effective on Friday at 5pm ET.
Post-split trading will start on November 11. The company says this reverse split aims to increase the stock&#8217;s bid price, helping the company meet Nasdaq's $1.00 minimum price requirement.
Following the split, every 30 shares will be consolidated into 1 share, with stockholders maintaining the same ownership percentage, minus adjustments for fractional shares, which will be paid out in cash.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41807254/trump-election-raises-odds-of-roaring-2020s-scenario-veteran-wall-street-investor-s">Trump Election Raises Odds Of &#8216;Roaring 2020s Scenario,&#8217; Veteran Wall Street Investor Says: How High Could US Stock Market Rise?</a>
Clean energy-related stocks have also experienced weakness following&nbsp;Donald Trump's&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41778433/s-p-500-dow-hit-record-highs-after-trump-win-fear-index-drops-20" target="_blank" rel="noreferrer noopener">election victory</a>. Investors are concerned that a Trump administration could roll back key incentives and regulatory support for the clean energy sector.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, FCEL has a 52-week high of $1.84 and a 52-week low of $0.29.

FCEL

What's Going On With FuelCell Energy Stock?

RBC Capital analyst Darko Mihelic downgrades iA Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/IAG#TSX">IAG</a>) from Outperform to Sector Perform and raises the price target from C$105 to C$137.

Downgrades

TSX:IAG

RBC Capital Downgrades iA Financial to Sector Perform, Raises Price Target to C$137

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Perform and raises the price target from $164 to $170.

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THAI NVDR CO LTD NVDR SH by Thai NVDR Co Ltd.

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