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Shimmick

Shimmick Corp is a leading provider of water and other critical infrastructure solutions nationwide. It selectively focuses on the following types of infrastructure projects: Water Treatment, Water Resources, and Other Critical Infrastructure. In water treatment projects the company expands, rehabilitates, upgrades, builds and rebuilds water and wastewater treatment infrastructure, including desalination plants. In water resources projects company builds, expands, and improves water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. In Other Critical Infrastructure projects, It builds, retrofits, expands, rehabilitates, operates, and maintains its nation's critical infrastructure, including mass transit, bridges, and military infrastructure.

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SHIMAO GRP HLDGS UNSP/ADR by Shimao Group Holdings Ltd.

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SHIMAO GROUP HLDGS LTD by Shimao Group Holdings Ltd.

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Shimizu Corp

During Apple Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://www.benzinga.com/news/earnings/24/10/41666494/apple-q4-earnings-revenue-beat-eps-beat-installed-base-hits-new-highs-iphone-sales-rise-as-apple-in">fourth-quarter earnings</a> call, Tim Cook said that the adoption rate of iOS 18.1 has outpaced its predecessor, iOS 17.1, by two-fold.
What Happened: On Thursday, Apple&#8217;s CEO addressed questions about the demand and supply balance for the iPhone 16, which was <a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri">launched in September</a> earlier this year.
During the conversation, Cook refuted the idea that Apple has consistently ended&nbsp;the December quarter with iPhone&nbsp;demand surpassing supply for the past four years.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41607481/apples-refreshes-mac-mini-smaller-form-factor-m4-chip-power-and-carbon-neutral?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Refreshes Mac Mini: Smaller Form Factor, M4 Chip Power, Carbon Neutral</a>
Cook acknowledged pandemic disruptions but assured that the supply constraints for the iPhone 16 Pro and iPhone 16 Pro Max models would be resolved soon.
Cook attributed the high adoption rate of iOS 18.1 to strong interest in the iPhone 16, which was launched just three days before the earnings call. He suggested that the new Apple Intelligence feature is a significant incentive for users to upgrade.
&#8220;If you just look at the first three days, which is all we have obviously from Monday, the 18.1 adoption is twice as fast as the 17.1 adoption was in the year-ago quarter. And so, there&#8217;s definitely interest out there for Apple Intelligence,&#8221; he stated.
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Why It Matters: Apple announced a fiscal fourth-quarter revenue of $94.9 billion, surpassing analyst projections of $94.56 billion. The company reported adjusted earnings of $1.64 per share for the quarter, exceeding expectations of $1.60 per share.
This marked the seventh consecutive quarter that Apple has outperformed analyst estimates in both revenue and earnings, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Earlier in October it was reported that the <a href="https://www.benzinga.com/government/24/10/41399541/apple-iphone-16-sees-20-sales-surge-in-china-but-ai-absence-prompts-early-price-cuts">iPhone 16 saw a 20% sales surge in China</a>, a crucial market for Apple, despite early price cuts due to the absence of AI.
Apple also set a new sales record for its iPhone during the third quarter of 2024, <a href="https://www.benzinga.com/markets/equities/24/10/41328252/apples-iphone-16-powers-record-sales-in-q3-just-behind-samsung-in-global-market-share-battle">capturing an 18% market share</a>, just behind Samsung.
However, <a href="https://www.benzinga.com/markets/equities/24/10/41350072/iphone-16-sales-banned-in-indonesia-after-apples-investments-obligations-in-asian-giant-fall-sho">Apple faced a setback</a> when the Indonesian government banned the sale of the iPhone 16 due to the company&#8217;s failure to meet its investment commitments in the country.
Price Action: At the time of writing, Apple shares fell 1.86% to $221.71 in after-hours trading, following a 1.82% decline to $225.91 during the regular trading session, according to<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener"> Benzinga Pro data</a>.
Image via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Alphabet Q3 Earnings Highlights: Revenue Beat, EPS Beat, Google Cloud Up 35%, &#8216;Momentum Across The Company Is Extraordinary&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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Apple Users Hungry For AI: Tim Cook Says 'iOS 18.1 Has Twice The Adoption Rate Of 17.1' — What It Means For iPhone 16

On Thursday, the Cathie Wood-led Ark Invest made significant moves in the market, with prominent trades involving Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>).
The Tesla Trade: Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) sold a total of 8,384 shares of the Elon Musk-led company. With Tesla&#8217;s closing price at $249.85 on Thursday, the value of this trade amounts to approximately $2.09 million. This move is in line with Ark&#8217;s <a href="https://www.benzinga.com/markets/equities/24/10/41642374/cathie-wood-shuffles-her-tech-deck-continues-dumping-tesla-and-palantir-stocks-up-on-amd-and-met">recent trend of reducing its Tesla holdings</a>.
Wood&#8217;s ARK Investment Management sees Tesla's driverless <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">ride-hailing plans as a game-changer</a>, potentially unlocking $11 trillion in revenue by leveraging lower operating costs of electric vehicles. ARK&#8217;s analysis suggests that Tesla&#8217;s robotaxi service could offer rides at a fraction of current ride-hailing and personal vehicle costs, making it a competitive alternative.
The Meta Platforms Trade: Ark Invest&#8217;s Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>), ARKK, and ARKW bought a total of 34,076 shares of Meta Platforms. Given Meta&#8217;s closing price of $567.58 on Thursday, the total value of this trade is approximately $19.34 million. This purchase comes after the Mark Zuckerberg-led company&#8217;s third-quarter earnings report, where the company <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">beat revenue and EPS estimates</a>.
The Palantir Trade: Ark Invest&#8217;s ARKF, ARKK, and ARKW sold a total of 334,767 shares of Palantir Technologies. With Palantir&#8217;s closing price at $41.56 on Thursday, the value of this trade is approximately $13.9 million. This move follows a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41660695/l3harris-and-palantir-collaboration-key-to-future-growth-bofa-upgrades-stock">recent upgrade</a> of L3Harris Technologies, a key collaborator with Palantir, by BofA Securities.
The Block Trade
Ark Invest&#8217;s decision to offload shares of Block Inc. was a notable one. The firm sold 243,549 shares of the Jack Dorsey-led company from its ARKK and ARKW. The value of this trade, based on Block&#8217;s closing price of $72.32 on the same day, amounts to approximately $17.6 million.
The move came on the same day that Block CEO Dorsey <a href="https://www.benzinga.com/news/24/10/41646193/block-ceo-jack-dorsey-announces-another-round-of-layoffs-at-tidal">announced a fresh wave of layoffs</a> at Tidal. In a note to Tidal employees, Dorsey stated the need for the company to function &#8220;like a startup again,&#8221; necessitating a much smaller team across the organization.
Interestingly, the trade also comes at a time when Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), a core focus of Block, has been <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41596516/bitcoin-clips-71-500-as-wall-street-etf-inflows-fuel-bullish-momentum-whats-next">hovering near previously reached all-time highs.</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41616239/shytoshi-kusama-touts-shiba-inu-lifetime-gains-of-33774726-we-still-have-far-to-go-and-muc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shytoshi Kusama Touts Shiba Inu Lifetime Gains Of 33774726%: &#8216;We Still Have Far To Go And Much Work To Be Done&#8217;</a> 
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARKF and ARKK bought a total of shares of Roku Inc. (ROKU).</li>
<li>Ark Invest&#8217;s ARKK bought shares of Twist Bioscience Corp (TWST). Ark Invest&#8217;s ARKK sold shares of Moderna Inc. (MRNA).</li>
</ul>
Photo Courtesy: Ark Invest
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41644730/shytoshi-kusama-schools-x-user-who-said-shib-will-remain-chump-change-meme-unless-it-can-r?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shytoshi Kusama Schools X User Who Said SHIB Will Remain &#8216;Chump Change Meme&#8217; Unless It Can Rise Above A Penny: &#8216;Those Who Are Wise Give Us Respect&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Cathie Wood Bets Big On Mark Zuckerberg: Ark Pours $19M Into Meta Shares, Dumps Palantir And Tesla Stock

While discussing Meta Platforms Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">third-quarter earnings</a> report, financial analyst Jim Cramer made a striking statement about CEO Mark Zuckerberg&#8216;s marketing prowess.
What Happened: On Thursday, during a conversation on CNBC&#8217;s Squawk on the Street, Cramer and Scott Wapner discussed Meta&#8217;s potential for long-term growth.
During this time, Cramer suggested that tech leaders like Zuckerberg operate on a different level, stating, &#8220;These guys think different from you and me.&#8221;
&#8220;They have a view which just says we want to dominate in this area. So we are going to spend a little more than others and we will dominate,&#8221; he added.
Cramer then used Procter &amp; Gamble as an example, stating that if the company wanted to make Tide a global brand, it would need to pay Zuckerberg a significant amount.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41621390/google-just-got-fined-in-russia-and-its-more-than-the-worlds-gdp-20-decillion-for-blocking-media?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Just Got Fined In Russia And It&#8217;s More Than The World&#8217;s GDP: $20 Decillion For Blocking Media Content</a>
In return, Zuckerberg could target 1.6 billion potential customers currently deciding between Tide and other brands.
&#8220;He can target them,&#8221; Cramer said, referring to Zuckerberg&#8217;s ability to identify potential customers. &#8220;He knows who is trying to decide. I&#8217;ve never seen anything like it. He has your brain.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">After <a href="https://twitter.com/search?q=%24META&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$META</a> reported earnings for Q3, <a href="https://twitter.com/jimcramer?ref_src=twsrc%5Etfw">@jimcramer</a> and <a href="https://twitter.com/ScottWapnerCNBC?ref_src=twsrc%5Etfw">@ScottWapnerCNBC</a> discuss whether their strategy will sustain long-term growth. &quot;These guys think different from you and me.&quot; <a href="https://t.co/338vlfEEGc">pic.twitter.com/338vlfEEGc</a>
&mdash; Squawk on the Street (@SquawkStreet) <a href="https://twitter.com/SquawkStreet/status/1852093063394365810?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Meta reported third-quarter revenue of $40.59 billion, surpassing analyst expectations of $40.29 billion. Adjusted earnings for the quarter came in at $6.03 per share, exceeding the forecasted $5.25 per share.
Meta projects fourth-quarter revenue between $45 billion and $48 billion, compared to an estimated $46.31 billion. For the full year 2024, expected total expenses are revised to $96 billion to $98 billion, down from previous guidance of $96 billion to $99 billion. 
Despite the positive earnings report, Meta witnessed a drop in stocks during the after-hours trading. However, in his earlier post, Cramer <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41649350/as-microsoft-meta-slide-after-earnings-calls-jim-cramer-says-hyperscalers-are-not-w">dismissed concerns</a> about worsening AI losses, underscoring that the tech giant is thriving with AI advancements.
Price Action: At the time of writing, Meta shares rose 0.14% to $568.40 in after-hours trading, following a 4.09% drop to $567.58 during the regular session, according to<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener"> Benzinga Pro data</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41593651/how-to-unlock-apple-intelligence-on-your-iphone-with-ios-18-1?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Unlock Apple Intelligence On Your iPhone With iOS 18.1</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Jim Cramer Says Mark Zuckerberg Has 'Your Brain' As Meta Pours Billions Into Global Domination Strategy

U.S. stocks turned downward on Thursday, with the Nasdaq Composite dipping around 500 points. The Dow traded down 0.9% to 41,763.46 while the NASDAQ fell 2.76% to 18,095.15. The S&amp;P 500 also fell, dropping, 1.9% to 5,705.45.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
Apple shares closed down 1.82% at $225.91, with an intraday high of $229.83 and a low of $225.37. The 52-week range is $164.08 to $237.49. The iPhone maker reported a fiscal <a href="https://www.benzinga.com/news/earnings/24/10/41666494/apple-q4-earnings-revenue-beat-eps-beat-installed-base-hits-new-highs-iphone-sales-rise-as-apple-in">fourth-quarter revenue</a> of $94.9 billion, beating analyst estimates.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
Amazon shares ended the day down 3.39% at $186.19, with an intraday high of $190.6 and a low of $185.23. The 52-week range is $133.85 to $201.2. The online retail giant posted <a href="https://www.benzinga.com/news/earnings/24/10/41664778/amazon-q3-earnings-highlights-revenue-beat-eps-beat-q4-guidance-new-kindles-significantly-outperfor">third-quarter net sales</a> of $158.9 billion, up 11% year-over-year.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41616239/shytoshi-kusama-touts-shiba-inu-lifetime-gains-of-33774726-we-still-have-far-to-go-and-muc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shytoshi Kusama Touts Shiba Inu Lifetime Gains Of 33774726%: &#8216;We Still Have Far To Go And Much Work To Be</a>
Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)
Intel shares closed down 3.50% at $21.52, with an intraday high of $22.25 and a low of $21.47. The 52-week range is $18.51 to $51.28. The chipmaker reported an EPS <a href="https://www.benzinga.com/news/earnings/24/10/41665395/intel-stock-climbs-on-better-than-expected-q3-results-details">loss of 46 cents</a> against an estimate of a loss of two cents.
Peloton Interactive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>)
Peloton shares soared 27.82% to close at $8.5, with an intraday high of $8.92 and a low of $7.67. The 52-week range is $2.7 to $8.92. The fitness company<a href="https://www.benzinga.com/news/earnings/24/10/41657705/peloton-gears-up-for-next-chapter-sales-beat-apple-alum-as-ceo-and-strong-margin-gains"> smashed first-quarter sales estimates</a> and reported a GAAP net loss of $1 million.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares ended the day down 2.99% at $249.85, with an intraday high of $259.75 and a low of $249.25. The 52-week range is $138.8 to $273.54. The EV maker remains <a href="https://www.benzinga.com/news/24/10/41646587/tesla-remains-californias-top-ev-choice-even-as-registrations-drop-cybertruck-among-10-best-selling">California&#8217;s top EV choice</a> even as registrations drop.
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Photo Courtesy: Ishant Mishra On Unsplash
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

AMZN

INTC

PTON

Apple, Amazon, Intel, Peloton, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Former President Donald Trump has responded to billionaire Mark Cuban&#8216;s claim that Trump does not surround himself with strong women, calling Cuban a &#8220;major loser.&#8221;
What Happened: On Thursday, Trump took to X to counter Cuban&#8217;s assertion that he avoids the presence of &#8220;strong, intelligent women.&#8221; Trump&#8217;s post, which was a direct response to Cuban&#8217;s comments on &#8220;The View,&#8221; stated that he is, in fact, surrounded by the &#8220;strongest women in the world,&#8221; including heads of countries. He further criticized Cuban, calling him a &#8220;fool&#8221; and a &#8220;major loser.&#8221;
Trump said, &#8220;He should go back to talk about the person he was forced to support, because I didn't want it, Lyin' Kamala Harris.&#8221;
&#8220;All strong women, and women in general, should be very angry about this weak man's statement,&#8221; said the former president.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Mark Cuban, a really dumb guy, who thinks he's "hot stuff" but he's absolutely nothing, is now out there saying that I don't surround myself with strong women. Actually, he is very wrong, I surround myself with the strongest of women &#8211; With the understanding that ALL women are…
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1852119259729822180?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote>
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Cuban too clarified his comments in an X post. The &#8220;Shark Tank&#8221; fame billionaire emphasized that he wasn't suggesting female Trump supporters lack intelligence or strength, pointing out that many women in his extended family support Trump. He also acknowledged Trump's history of working with strong women, including figures like Elaine Chao, Kellyanne Conway, and Ivanka Trump.
&#8220;He doesn't like to be challenged by them,&#8221; said Cuban. He concluded by saying, &#8220;I stand by my opinion that he does not like being challenged publicly.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Let's clarify something. This is what I said during a conversation about why Nikki Haley was not active in his campaign "Donald Trump, you never see him around strong, intelligent women. Ever. It's just that simple. They're intimidating to him. He doesn't like to be challenged…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1852078484337643864?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41619022/trumps-billionaire-ally-plans-to-join-elon-musks-doge-if-named-treasury-secretary-recommen?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Billionaire Ally Plans To Join Elon Musk&#8217;s DOGE If Named Treasury Secretary, Recommends Elimination Of These Subsidies</a>
Why It Matters: Trump&#8217;s tweet came in response to Cuban&#8217;s remarks on &#8220;The View&#8221; on Thursday, where he accused Trump of avoiding &#8220;strong, intelligent&#8221; women. Cuban, a campaign surrogate for Vice President Kamala Harris, suggested that such women are &#8220;intimidating&#8221; to Trump.
This is not the first time Trump and Cuban have publicly sparred. Earlier this month, Trump launched a <a href="https://www.benzinga.com/news/24/10/41417224/trump-unleashes-scathing-attack-on-former-friend-mark-cuban-after-billionaire-criticizes-ex-presiden">scathing attack</a> on Cuban, calling him a &#8220;weak and pathetic bully&#8221; after Cuban criticized Trump&#8217;s tariff proposals at a Harris campaign rally. Benzinga reported on the feud, noting that the two have had a complex relationship since 2002.
The latest exchange between Trump and Cuban comes less than a week before the 2024 presidential election, where Trump is running against Vice President Kamala Harris. According to a recent poll, Harris <a href="https://www.benzinga.com/news/24/10/41417224/trump-unleashes-scathing-attack-on-former-friend-mark-cuban-after-billionaire-criticizes-ex-presiden">maintains a lead over Trump</a>, but her odds in prediction markets and betting odds have trailed the former president.
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Mark Cuban Says Trump Avoids 'Strong, Intelligent Women' — Ex-President Fires Back: Just A 'Really Dumb Guy Who Thinks He's Hot Stuff'

An advertisement featuring Julia Roberts has sparked controversy. The ad encourages women to vote for Vice President Kamala Harris, irrespective of their husbands&#8217; political inclinations.
What Happened: The ad, released by the non-profit organization Vote Common Good, has been met with significant backlash from Republicans, reports <a href="https://thehill.com/homenews/campaign/4964265-kamala-harris-ad-julia-roberts/">The Hill</a>. The advertisement subtly touches upon the contentious issue of abortion rights and urges women to exercise their voting rights freely. Some Republicans have equated a wife&#8217;s secret vote for Harris to infidelity.
&#8220;In the one place in America where women still have a right to choose, you can vote any way you want. And no one will ever know,&#8221; says Roberts in the ad.
The voter in the ad featuring Roberts winks when her husband asks if she had made the &#8220;right choice.&#8221;
Among the critics are Fox News host Jesse Watters and GOP member Charlie Kirk, who expressed their disapproval publicly. In response, Doug Pagitt, Executive Director of Vote Common Good, defended the ad, stating that the outrage from certain men fearing disagreement from their wives only proves their point.
Kirk described the advertisement as &#8220;nauseating.&#8221; Former Rep. Liz Cheney (R-Wyo.) responded to Kirk&#8217;s outrage by calling him a &#8220;twit.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Listen to this twit make Donald Trump's closing argument. Women, you know what to do. <a href="https://twitter.com/hashtag/VoteKamala?src=hash&amp;ref_src=twsrc%5Etfw">#VoteKamala</a> <a href="https://t.co/sh4Ogyj4Z5">pic.twitter.com/sh4Ogyj4Z5</a>
&mdash; Liz Cheney (@Liz_Cheney) <a href="https://twitter.com/Liz_Cheney/status/1851963459266625874?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/10/41590597/bernie-sanders-explains-why-he-will-vote-for-kamala-harris-even-though-he-disagrees-with-her-stance?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bernie Sanders Explains Why He Will Vote For Kamala Harris Even Though He Disagrees With Her Stance On Is</a>
Why It Matters: This controversy comes in the backdrop of a highly polarized political climate. <a href="https://www.benzinga.com/markets/equities/24/06/39125577/julia-roberts-and-george-clooney-back-joe-biden-in-presidential-race-yet-hollywood-has-largely-h">Earlier this year</a>, Julia Roberts, along with George Clooney, backed Joe Biden in the presidential race. However, many in Hollywood have been hesitant to engage due to the intense polarization.
As the 2024 presidential election nears, the race between former President Donald Trump and Vice President Kamala Harris remains close. <a href="https://www.benzinga.com/general/politics/24/10/41667786/harris-vs-trump-vice-presidents-lead-shrinks-key-demographic-grows-one-week-before-2024-election">Recent polls</a> show Harris maintaining a lead over Trump, although her odds in prediction markets have trailed the former president.
With the election just around the corner, the impact of this controversy on the voting patterns of women remains to be seen.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Conservatives Angry With Julia Roberts Ad Urging Women To Vote For Kamala Harris: 'Nauseating'

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

FGFPP

As blockchain technology continues to enter mainstream financial systems, Markus Kuhnert, founder and CEO of 1iO, has raised concerns about its core principles being overshadowed. 
Ahead of the upcoming <a href="https://benzinga.swoogo.com/digital-assets/6342807">Benzinga Future of Digital Assets </a>event, a BRANDGUARDIAN representative, responding on behalf of Kuhnert, emphasized the potential and challenges of blockchain's growing role in finance.
<h1 class="wp-block-heading">Integrating Blockchain in Finance</h1>
The increasing adoption of blockchain by financial players, including Citi and JPMorgan, could offer advantages such as faster transactions and improved transparency. However, Kuhnert's spokesperson highlighted a key issue: "When blockchain is centrally controlled, it loses its essence and potential."
Blockchain was initially designed to decentralize transactions, removing the need for central authorities. But, as it becomes part of traditional finance, its decentralized nature may be compromised.
<figure class="wp-block-image size-full"><a href="https://benzinga.swoogo.com/digital-assets/6342807"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29171736/905735A6-57D3-4874-9AA1-75D037842DB3-1-3.gif" alt="" class="wp-image-620477" /></a></figure>
<h1 class="wp-block-heading">Bitcoin as a Model</h1>
The spokesperson cited Bitcoin as an example of blockchain's core mission. Unlike blockchain applications within centralized finance, Bitcoin remains under user control, free from centralized oversight. 
&#8220;Bitcoin exemplifies this independence, standing as an asset class under user control, not centralized oversight," the spokesperson explained, adding that integrating blockchain into finance is positive but should not stray from its foundational principles.
<h1 class="wp-block-heading">Ensuring Responsible Adoption</h1>
As the financial industry continues to embrace blockchain, Kuhnert&#8217;s spokesperson insists that preserving decentralization must be a priority. 
"It's crucial to ensure these integrations respect the core principles of decentralization," the spokesperson stated. The push for blockchain's adoption should balance efficiency and transparency with maintaining its original mission of decentralized user control.
The upcoming <a href="https://benzinga.swoogo.com/digital-assets/6342807">Benzinga Future of Digital Assets </a>event will further explore these topics as industry leaders discuss how blockchain can reshape financial systems while remaining true to its purpose.
<hr class="wp-block-separator has-alpha-channel-opacity" />
As the digital asset market continues to mature, the convergence of regulatory shifts, M&amp;A activities and adoption trends will define the future of this dynamic field.&nbsp;<a href="https://www.benzinga.com/digital-assets" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Future of Digital Assets</a>&nbsp;event in New York City on Nov. 19 will provide industry leaders and investors a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
Photo by SvetlanaParnikova on Shutterstock

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Blockchain In Finance: 1iO's Take On Balancing Efficiency And Decentralization

The head-to-head race between former President Donald Trump and Vice President Kamala Harris remained close with less than one week until the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
What Happened: Harris maintains a lead over Trump in many election polls as Election Day nears, but her odds in prediction markets and betting odds have trailed the former president by <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41635149/2024-election-odds-on-polymarket-kalshi-show-trump-will-win-why-they-might-be-wrong">a wide margin.</a>
A new Morning Consult <a href="https://pro.morningconsult.com/trackers/2024-presidential-election-polling?utm_source=briefing&amp;utm_medium=email&amp;utm_campaign=washington_am&amp;utm_content=102924">poll </a>of likely voters shows Harris' lead dropping, continuing a recent string of a lead of six points shrinking.
The new poll shows the following results from voters, with results from<a href="https://www.benzinga.com/general/politics/24/10/41477318/trump-vs-harris-vice-president-holds-slim-lead-losing-momentum-in-key-demographics-favorability-" target="_blank" rel="noreferrer noopener">&nbsp;the Oct. 22 poll&nbsp;</a>in parentheses:
<ul>
<li>Kamala Harris: 50 (50%)</li>
<li>Donald Trump: 47% (46%)</li>
<li>Someone Else: 1% (2%)</li>
<li>Don&#8217;t Know: 2% (2%)</li>
</ul>
The poll also found that 94% of Democrats backed Harris as their top pick, down one percentage point from last week&#8217;s poll. The poll also found 92% of Republicans backed Trump as their top pick, in line with last week&#8217;s poll.
Independent voters selected the following as their head-to-head preference, with the results from the Oct. 22 poll in parentheses:
<ul>
<li>Kamala Harris: 49% (47%)</li>
<li>Donald Trump:&nbsp;43% (43%)</li>
<li>Someone Else:&nbsp;4% (4%)</li>
<li>Don&#8217;t Know:&nbsp;4% (7%)</li>
</ul>
The vice president also has the edge in the 18-34 age voters demographic, leading 54% to 44%. The 10-point lead is up from last week's eight-point advantage for the vice president.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent103124" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It&#8217;s Important: Harris&#8217; lead over Trump dropped to three points, down from a four-point lead in the past two weeks. The lead is down from a six-point lead Harris had several weeks ago.  
After seeing her lead decline in the key Independent and young voter demographics, Harris grew the lead in these two important voter segments with one week until Election Day.
Morning Consult said in the poll that 45% of likely voters said they had heard something positive about Harris, keeping a trend of the vice president having positive net buzz in place. The poll found that 49% of likely voters said they had recently heard something negative about Trump.
The good news for Trump in the poll, along with shrinking Harris' overall lead, is the Republican party being favored on several key election issues. The Republicans were more favored in the poll on items such as the economy, national security and immigration over the Democratic Party. In the poll, the Democratic Party was more favored on health care, climate change and abortion versus the Republican Party.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/10/41589659/trump-vs-harris-state-by-state-2024-election-betting-odds-which-candidate-is-favored-to-wi">Trump Vs. Harris: State-By-State 2024 Election Betting Odds, Which Candidate Is Favored To Win In Your Community?</a></li>
</ul>
Photo: Shutterstock

Harris Vs. Trump: Vice President's Lead Shrinks, Key Demographic Grows One Week Before 2024 Election Day

A legal dispute between the companies behind popular television game shows &#8220;Wheel of Fortune&#8221; and &#8220;Jeopardy!&#8221; <a href="https://www.benzinga.com/quote/SONY">has broken out</a>.
What To Know: Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) and CBS, which is owned by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), have worked together on the iconic game shows for years. Sony produces &#8220;Wheel of Fortune&#8221; and &#8220;Jeopardy!&#8221; and CBS oversees the distribution.
Sony on Thursday filed a lawsuit against CBS, claiming the company earned distribution fees from unauthorized deals and has become incapable of properly distributing the shows, according to a Wall Street Journal <a href="https://www.wsj.com/business/media/jeopardy-and-wheel-of-fortune-at-center-of-legal-feud-between-sony-and-cbs-d744b6fc">report</a>.
Sony alleged that CBS has assigned improper value to the shows to serve its own interests, including licensing the shows at prices below market rates and favoring its own shows when setting up distribution deals or selling ads. 
CBS has been in charge of distribution for the game shows since 1999, receiving 35% to 40% commissions on the fees television stations pay to carry the shows. The report indicates that typical distribution commissions are usually closer to 15%. &#8220;Wheel of Fortune&#8221; and &#8220;Jeopardy!&#8221; generate more than $100 million in profits each year, according to a person familiar with the matter.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/10/41666494/apple-q4-earnings-revenue-beat-eps-beat-installed-base-hits-new-highs-iphone-sales-rise-as-apple-in">Apple Q4 Earnings: Revenue Beat, EPS Beat, Installed Base Hits New Highs, iPhone Sales Rise As Apple Intelligence &#8216;Supercharges&#8217; Product Lineup</a>
Sony claimed CBS entered into long-term contract agreements with networks in New Zealand and Australia, which breaches contract terms that prohibit the company from signing deals that span more than two years.
Sony also alleged that layoffs at CBS have negatively impacted the teams that work on the iconic shows. 
"CBS has gutted the teams responsible for fulfilling its contractual obligations, requiring us to step in at our own expense," Sony said in a statement.
Sony reportedly said it&#8217;s seeking damages and plans to try to end its agreement with CBS to pursue alternative distribution and advertising partners. 
Shares of CBS parent Paramount Global were down 0.37% in after-hours, trading at $10.90 at the time of publication Thursday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/general/gaming/24/10/41633013/sony-adds-new-death-note-game-to-november-ps-plus">Sony Adds New Death Note Game To November PS Plus</a></li>
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Photos: IMDb

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PARAA

Sony Group Corporation American Depositary Shares

SONY

Sony Sues CBS, Alleges Breach Of Contract Related To Iconic Game Shows 'Wheel Of Fortune,' 'Jeopardy!'

Business Outlook
Intel's guidance for the fourth quarter of 2024 includes both GAAP and non-GAAP estimates as follows:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Q4 2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">GAAP</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Non-GAAP</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$13.3-14.3 billion</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gross Margin</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">36.5%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">39.5%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Tax Rate</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(50)%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">13%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Earnings (Loss) Per Share Attributable to Intel—Diluted</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$(0.24)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.12</td>
</tr>
</tbody>
</table>
</figure>
Reconciliations between GAAP and non-GAAP financial measures are included below. Actual results may differ materially from Intel's business outlook as a result of, among other things, the factors described under "Forward-Looking Statements" below. The gross margin and EPS outlook are based on the mid-point of the revenue range.

Guidance

Intel Sees Q4 2024 Non-GAAP EPS $0.12 Vs $0.08 Est.; Revenue $13.3B-$14.3B Vs $13.66B Est.

A recent analysis by the Centers for Disease Control and Prevention (CDC) reveals that workers in the food service and hospitality industries are among the highest consumers of <a href="https://www.benzinga.com/markets/cannabis/22/01/25169588/how-cannabis-legalization-is-changing-the-american-workplace">marijuana in the United States. </a>
The study, <a href="https://ajph.aphapublications.org/doi/10.2105/AJPH.2024.307788">published</a> in the American Journal of Public Health, draws from five years of federal health survey data, specifically the CDC's Behavioral Risk Factor Surveillance System (BRFSS) from 2016 to 2020.
<h3 class="wp-block-heading">Key Findings From The Study</h3>
Researchers gathered data from 128,615 individuals across 15 states, including Alaska, Colorado, Florida and Illinois. They discovered significant variations in cannabis use across different industries and occupations.
See Also: <a href="https://www.benzinga.com/markets/cannabis/23/08/33505217/cannabis-use-during-off-hours-not-associated-with-elevated-risk-of-workplace-accidents-finds-new">Cannabis Use During Off-Hours Not Associated With Elevated Risk Of Workplace Accidents, Finds New Study</a>
For instance, about 20.7% of employees in accommodation and food services reported using marijuana and 17.5% in arts, entertainment and recreation field. In contrast, law enforcement showed the lowest prevalence, with only 0.5% of workers reporting recent use.
When examined by occupation, food preparation and serving-related jobs led with 21.9%, followed by roles in arts and media at 17.0%. Interestingly, jobs in education and healthcare showed lower rates, with only 5.7% and 4.7% reporting cannabis use, respectively. Overall, the study found that approximately 10.7% of workers aged 18 and older reported past-month cannabis use.
<h3 class="wp-block-heading">Implications For Workplace Policies</h3>
The researchers noted that the findings can shape future discussions on workplace policies concerning drug use. They pointed out the need for strategies that minimize the risks associated with cannabis consumption, especially in industries prone to high injury rates like construction and forestry. 
"The primary goal for both employers and employees should be to limit the risk of injury while maintaining productivity," the report states.
Despite mixed evidence regarding the relationship between cannabis use and workplace accidents, concerns linger, particularly in safety-sensitive roles. 
"More research is needed to understand factors driving cannabis use in high-risk industries," the authors noted. They also called for clarity on how much cannabis use might affect job performance, stressing that many workers may consume cannabis outside of working hours.
<h3 class="wp-block-heading">Changing Legal Landscape And Workplace Drug Testing</h3>
As cannabis legalization continues to spread across the U.S., employers and policymakers are reevaluating drug testing protocols. Notably, companies like Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and <a href="https://www.benzinga.com/markets/cannabis/24/08/40611728/home-depot-to-end-marijuana-testing-limit-screening-for-most-employees-internal-memo-reveals">Home Depot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) have altered their drug screening practices</a>, moving away from pre-employment cannabis testing.
Some states have enacted laws to protect employees from discrimination related to lawful off-duty cannabis use, such as California and <a href="https://www.benzinga.com/markets/cannabis/23/02/31026805/job-seekers-relax-cannabis-use-no-longer-a-barrier-to-employment-in-washington-state">Washington.</a>
In New Jersey, ongoing litigation has emerged over police officers testing positive for THC, revealing conflicts between local governance and state guidelines. Meanwhile, Cleveland Ohio&#8217;s Mayor Justin Bibb announced changes to city job drug testing policies to align with the new cannabis laws.
<h3 class="wp-block-heading">Shifts In Sports And Cannabis Policies</h3>
Professional sports leagues are also revisiting their cannabis policies in response to changing societal views on marijuana. The National Basketball Association (NBA) and Major League Baseball (MLB) have both removed marijuana from their banned substances lists. 
The NCAA followed suit for Division I athletes, and the Ultimate Fighting Championship (UFC) has revised its stance as well.
However, there remains criticism of the World Anti-Doping Agency's ongoing prohibition of cannabis, especially following high-profile cases like that of the world&#8217;s fastest female runner Sha'Carri Richardson who was banned from <a href="https://www.benzinga.com/markets/cannabis/21/07/22025295/the-prohibition-of-cannabis-robbed-shacarri-richardson-but-also-expedited-the-federal-decriminal" target="_blank" rel="noreferrer noopener">competing at the Tokyo Olympics</a> for testing positive for cannabis in 2021.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/02/36896965/wall-street-waves-goodbye-to-weed-testing-how-financial-giants-reshape-job-eligibility-in-the-ca">Wall Street Waves Goodbye To Weed Testing: How Financial Giants Reshape Job Eligibility In The Cannabis Era</a></li>
</ul>
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Cannabis

Gaming

Which Industries Have The Highest Cannabis Consumption At Work? New Data Has Answers

Canaccord Genuity analyst Joseph Vafi maintains MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Buy and raises the price target from $173 to $300.

Price Target

Analyst Ratings

MSTR

Canaccord Genuity Maintains Buy on MicroStrategy, Raises Price Target to $300

Helport AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPAI#NASDAQ">HPAI</a>) reported quarterly earnings of $47.24 thousand per share. This is a 53.06 percent increase over earnings of $30.86 thousand per share from the same period last year. The company reported $29.58 million in sales this quarter. This is a 132.37 percent increase over sales of $12.73 million the same period last year.

Earnings

HPAI

Helport AI FY EPS $47.24K Up From $30.86 thousand YoY, Sales $29.58M Up From $12.73M YoY

Alliant Energy Provides FY25 EPS Guidance Range Of $3.15 - $3.25 And Annual Common Stock Dividend Target Of $2.03

Nexa Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEXA#NYSE">NEXA</a>) reported quarterly earnings of $0.02 per share which missed the analyst consensus estimate of $0.12 by 83.33 percent. The company reported quarterly sales of $709.500 million which beat the analyst consensus estimate of $650.039 million by 9.15 percent. This is a 9.32 percent increase over sales of $649.000 million the same period last year.

Earnings Beats

Earnings Misses

NEXA

Nexa Res Q3 2024 Adj. EPS $0.02 Misses $0.12 Estimate, Sales $709.500M Beat $650.039M Estimate

Alliant Energy Narrows 2024 EPS Guidance From $2.99 - $3.13 To $2.99 - $3.06, Est $3.06

Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of $1.10 by 4.55 percent. This is a 9.52 percent increase over earnings of $1.05 per share from the same period last year. The company reported quarterly sales of $1.081 billion which beat $1.076 billion analyst consensus estimate. This is a 0.37 percent increase over sales of $1.08 billion the same period last year.

Alliant Energy Q3 2024 Adj EPS $1.15 Beats $1.10 Estimate, Sales $1.081B Beat $1.076B Estimate

Editors Note: The EPS and estimate were corrected, as was the consensus revenue estimate; bullet points updated.
Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) reported its third-quarter results after Thursday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/b41663729/intel-reports-third-quarter-2024-financial-results">details from the report.&nbsp;&nbsp;</a>
The Details: Intel reported an EPS loss of 46 cents against an estimate of a loss of two cents. Quarterly revenue clocked in at $13.28 billion, which beat the consensus estimate of $13.02 billion.
&#8220;Our Q3 results underscore the solid progress we are making against the plan we outlined last quarter to reduce costs, simplify our portfolio and improve organizational efficiency. We delivered revenue above the midpoint of our guidance, and are acting with urgency to position the business for sustainable value creation moving forward,&#8221; said Pat Gelsinger, Intel CEO. 
&#8220;The momentum we are building across our product portfolio to maximize the value of our x86 franchise, combined with the strong interest Intel 18A is attracting from foundry customers, reflects the impact of our actions and the opportunities ahead,&#8221; Gelsinger added. 
The company recorded an impact of negative 63 cents to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges.
&#8220;Restructuring charges meaningfully impacted Q3 profitability as we took important steps toward our cost reduction goal,&#8221; said David Zinsner, Intel CFO. &#8220;The actions we took this quarter position us for improved profitability and enhanced liquidity as we continue to execute our strategy. We are encouraged by improved underlying trends, reflected in our Q4 guidance.&#8221;
Outlook: Intel expects fourth-quarter earnings of 12 cents per share and gross margin of 39.5%. 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534;WATCH LIVE: Intel Q3 2024 Earnings Call &#x7C; $INTC" width="500" height="281" src="https://www.youtube.com/embed/sP5p7kadP6U?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41631795/reddit-remains-a-favorite-for-wall-street-after-emphatic-beat-and-raise-in-q3">Reddit &#8216;Remains A Favorite&#8217; For Wall Street After &#8216;Emphatic Beat And Raise&#8217; In Q3</a>
INTC Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Intel shares are up 12.27% after-hours at $24.17 at the time of publication Thursday.
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41497160/starbucks-analysts-bullish-on-ceo-brian-niccol-after-tough-preannouncement-zeroing-">Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: &#8216;Zeroing In&#8217; On Right Issues</a></li>
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Photo: Shutterstock

After-Hours Center

Movers

Intel Stock Climbs On Better-Than-Expected Q3 Results: Details (CORRECTED)

Shimmick names new interim CFO, as Devin Nordhagen steps down

Shimmick Corporation (SHIM) just unveiled an update. The Company recently announced a significant change in its leadership, with Mr. Nordhagen step...

Shimmick Corporation Announces Major Leadership Transition

In a report released today, Aaron Spychalla from Craig-Hallum maintained a Hold rating on Shimmick Corporation (SHIM – Research Report). The compan...

Craig-Hallum Reaffirms Their Hold Rating on Shimmick Corporation (SHIM)

Shimmick signs $27.6M subcontract for Sunol Valley Water Treatment Plant Ozonation Project

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are worth checking out as we dive into all of the biggest news sending shares higher and lower on Wednesday morning!



Moving stocks are merger plans, a new contract, a CEO departure and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Gabelli Multi-Media Trust Inc. (The) Rights (expiring July 22, 2024) Rights (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGTR#NYSE">GGTR</a>) stock is rocketing 110% as the <a href="https://www.nasdaq.com/press-release/gabelli-multimedia-trust-alerts-common-stock-shareholders-rights-offering-expiration">rights offering expiration date closes in</a>.</li>



<li>Aditxt (NASDAQ:<a href="https://investorplace.com/stock-quotes/adtx-stock-quote/">ADTX</a>) shares are soaring more than 79% on an <a href="https://www.nasdaq.com/press-release/aditxt-and-evofem-amend-and-restate-merger-agreement-targeting-september-30-closing">amended merger agreement</a>.</li>



<li>Shimmick (NASDAQ:<a href="https://investorplace.com/stock-quotes/shim-stock-quote/">SHIM</a>) stock is surging over 56% on a <a href="https://www.marketwatch.com/story/shimmick-shares-surge-on-27-6-million-california-contract-121fe14b?mod=investing">$27.6 million contract</a>.</li>



<li>Aura Fat Projects (NASDAQ:<a href="https://investorplace.com/stock-quotes/afar-stock-quote/">AFAR</a>) shares are gaining more than 33% without any clear news this morning.</li>



<li>MicroAlgo (NASDAQ:<a href="https://investorplace.com/stock-quotes/mlgo-stock-quote/">MLGO</a>) stock is increasing over 22% with heavy pre-market trading.</li>



<li>Aptevo Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/apvo-stock-quote/">APVO</a>) shares are rising more than 18% with strong pre-market trading.</li>



<li>GitLab (NASDAQ:<a href="https://investorplace.com/stock-quotes/gtlb-stock-quote/">GTLB</a>) stock is climbing close to 16% higher on <a href="https://finance.yahoo.com/news/exclusive-google-backed-software-developer-060252892.html">reports it&rsquo;s considering a sale</a>.</li>



<li>Bloom Energy (NYSE:<a href="https://investorplace.com/stock-quotes/be-stock-quote/">BE</a>) shares are heading over 14% higher on a new <a href="https://finance.yahoo.com/news/bloom-energy-coreweave-partner-revolutionize-200500337.html">artificial intelligence (AI) data center partnership</a>.</li>



<li>Immersion (NASDAQ:<a href="https://investorplace.com/stock-quotes/immr-stock-quote/">IMMR</a>) stock is jumping nearly 12% this morning.</li>



<li>Eledon Pharmaceuticals&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/eldn-stock-quote/">ELDN</a>) shares are up more than 11% this morning.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Five Below (NASDAQ:<a href="https://investorplace.com/stock-quotes/five-stock-quote/">FIVE</a>) stock is diving over 16% with the <a href="https://www.nasdaq.com/press-release/five-below-inc-announces-ceo-transition-2024-07-16">departure of its CEO</a>.</li>



<li>New Horizon Aircraft (NASDAQ:<a href="https://investorplace.com/stock-quotes/hovr-stock-quote/">HOVR</a>) shares are tumbling more than 13% after <a href="https://www.nasdaq.com/press-release/horizon-aircraft-attend-farnborough-international-airshow-2024-2024-07-15">rallying yesterday on airshow plans</a>.</li>



<li>QXO (NASDAQ:<a href="https://investorplace.com/stock-quotes/qxo-stock-quote/">QXO</a>) stock is taking an over 12% beating on Wednesday morning.</li>



<li>Greenpro Capital (NASDAQ:<a href="https://investorplace.com/stock-quotes/grnq-stock-quote/">GRNQ</a>) shares are sliding more than 12% after <a href="https://www.accesswire.com/888710/greenpro-capital-corp-and-green-x-corp-forms-strategic-alliance-with-bank-islam-trust-company-labuan-ltd">jumping yesterday on strategic alliance news</a>.</li>



<li>Cineverse (NASDAQ:<a href="https://investorplace.com/stock-quotes/cnvs-stock-quote/">CNVS</a>) stock is dropping over 10% on Wednesday.</li>



<li>Virpax Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/vrpx-stock-quote/">VRPX</a>) shares are decreasing almost 10% after rallying yesterday.</li>



<li>Volato (NYSEMKT:<a href="https://investorplace.com/stock-quotes/soar-stock-quote/">SOAR</a>) stock is falling more than 9% after a similar rally yesterday.</li>



<li>Eightco (NASDAQ:<a href="https://investorplace.com/stock-quotes/octo-stock-quote/">OCTO</a>) shares are slipping over 9% <a href="https://www.stocktitan.net/news/OCTO/eightco-provides-shareholder-8okhfyrirfyb.html">following a shareholder update</a>.</li>



<li>Xeris Biopharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/xers-stock-quote/">XERS</a>) stock is dipping more than 9% on Wednesday morning.</li>



<li>Logistic Properties of The Americas (NYSEMKT:<a href="https://investorplace.com/stock-quotes/lpa-stock-quote/">LPA</a>) shares close out our pre-market stock movers down 9% after a recent rally.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/07/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-july-17th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday

In a report released today, Aaron Spychalla from Craig-Hallum assigned a Hold rating to Shimmick Corporation (SHIM – Research Report). The company'...

Shimmick Corporation (SHIM) Gets a Hold from Craig-Hallum

Shimmick Non-GAAP EPS of -$1.60 misses by $1.32, revenue of $0.09M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Shimmick (NASDAQ:<a href="https://investorplace.com/stock-quotes/shim-stock-quote/">SHIM</a>) just reported results for the second quarter of 2024.<ul><li>Shimmick reported earnings per share of -$1.60. This was below the analyst estimate for EPS of -28 cents.</li><li>The company reported revenue of $90.61 million.</li><li>This was 27.02% worse than the analyst estimate for revenue of $124.15 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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SHIM Stock Earnings: Shimmick Misses EPS, Misses Revenue for Q2 2024

Roth MKM analyst Gerry Sweeney maintained a Hold rating on Shimmick Corporation (SHIM – Research Report) today and set a price target of $3.00. The...

Roth MKM Sticks to Their Hold Rating for Shimmick Corporation (SHIM)

In a report released today, Aaron Spychalla from Craig-Hallum maintained a Buy rating on Shimmick Corporation (SHIM – Research Report). The company...

Craig-Hallum Remains a Buy on Shimmick Corporation (SHIM)

ADTX

AFAR

APVO

CNVS

ELDN

FIVE

GGTR

GRNQ

GTLB

HOVR

IMMR

MLGO

OCTO

SHIM

SOAR

VRPX

XERS

Penny Stocks

Press Releases

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Shimmick Corporation (SHIM) on Behalf of Investors

Shimmick Takes Pivotal Steps to Further Advance Evolution as Leader in Water Infrastructure

Shimmick Corporation Investors: Company Investigated by the Portnoy Law Firm

SHIMMICK ALERT: Bragar Eagel & Squire, P.C. is Investigating Shimmick Corporation on Behalf of Shimmick Stockholders and Encourages Investors to Contact the Firm

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