Latest News for Forza Innovations Stock (OTC:FORZ)

Forza Innovations Inc is in the health-tech wearable performance business. The company has acquired all the ownership and rights to certain late developmental-stage products, including the J4 Sport, J4 X, and J4 Fitbelt. These products are wearable back compression devices, used to relax, warm up, loosen, or relax stiff & sore muscles. The therapeutic application of heat causes a change in the temperature of the soft tissues which decreases joint stiffness and relieves inflammation.

FORZA INNOVATIONS INC by FORZA INNOVATIONS INC.

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WIIM

ENPH

Enphase Energy shares are trading lower after the company reported worse-than-expected Q1 financial results and issued Q2 revenue guidance below estimates.

Vertiv Holdings shares are trading higher after the company reported better-than-expected Q1 financial results and raised its 2024 guidance.

United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.15 by 12.67 percent. This is a 36.1 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $1.708 billion which missed the analyst consensus estimate of $1.730 billion by 1.30 percent. This is a 0.77 percent increase over sales of $1.695 billion the same period last year.

Earnings

Earnings Misses

News

United Microelectronics Q1 2024 GAAP EPADS $0.13 Misses $0.15 Estimate, Sales $1.708B Miss $1.730B Estimate

SNAP

Shares of Meta and Snap are trading higher after the US Senate passed a bill under which ByteDance would need to divest TikTok or the app will fave a ban.

Travel+Leisure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNL#NYSE">TNL</a>) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.86 by 12.79 percent. This is a 8.99 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $916.00 million which beat the analyst consensus estimate of $906.16 million by 1.09 percent. This is a 4.21 percent increase over sales of $879.00 million the same period last year.

Earnings Beats

Travel+Leisure Q1 Adj $0.97 Beats $0.86 Estimate, Sales $916.00M Beat $906.16M Estimate

HC Wainwright &amp; Co. analyst Scott Buck reiterates AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) with a Buy and maintains $17 price target.

Price Target

Reiteration

Analyst Ratings

AEYE

HC Wainwright & Co. Reiterates Buy on AudioEye, Maintains $17 Price Target

Management

General

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On August 1, 2024, Cindy Lee, Currently Deputy CFO, Will Become CFO Of Virtu Financial. Sean Galvin, Currently CFO Of Virtu Since 2020, Will Remain With Virtu In A Senior Capacity And Will Work With Cindy To Ensure Transition

Visa shares are trading higher after the company reported better-than-expected Q2 financial results.

Thermo Fisher Scientific shares are trading higher after the company reported better-than-expected Q1 financial results and raised its FY24 guidance.

HC Wainwright &amp; Co. analyst Amit Dayal reiterates ClearSign Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIR#NASDAQ">CLIR</a>) with a Buy and maintains $6 price target.

CLIR

HC Wainwright & Co. Reiterates Buy on ClearSign Technologies, Maintains $6 Price Target

<div>Cash from Operations of &euro;54 million and Free Cash Flow of &euro;(8) million. Repurchased 330 thousand shares of the Company stock for&nbsp;$6.9 million. Leverage of 2.4x at March 31, 2024.</div>

CSTM

Constellium Says It Repurchased 330 Thousand Shares Of Company Stock For $6.9M In Q1

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Shares of semiconductor stocks are trading higher in sympathy with Texas Instruments, which reported better-than-expected Q1 financial results.

Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.53 by 43.4 percent. This is a 2.7 percent increase over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $366.871 million which beat the analyst consensus estimate of $318.713 million by 15.11 percent. This is a 1.66 percent decrease over sales of $373.075 million the same period last year.

Virtu Finl Q1 2024 Adj EPS $0.76 Beats $0.53 Estimate, Adj. Trading Income $366.871M Beat $318.713M Estimate

Mizuho analyst Vijay Rakesh maintains Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Neutral and lowers the price target from $195 to $180.

TSLA

Mizuho Maintains Neutral on Tesla, Lowers Price Target to $180

Jeff Bezos-backed Perplexity AI, a <a href="https://www.benzinga.com/news/24/03/37421021/this-jeff-bezos-backed-ai-tool-can-replace-search-engine-for-many-people-says-top-ex-googler-but-the">startup challenging Alphabet Inc.&#8216;s</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google with its AI-driven search engine, has successfully secured a new funding round, which has more than doubled its valuation, making it a unicorn.
What Happened: The startup has raised approximately $63 million in its latest funding round, which now values the company at over $1 billion.
The round was led by investor Daniel Gross, with contributions from billionaire Stanley Druckenmiller, Y Combinator CEO Garry Tan, and Figma Inc. CEO Dylan Field.
Existing investors, including Jeff Bezos, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and SoftBank Group Corp., among others, "doubled down" on their support.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Perplexity AI, founded less than two years ago, has already <a href="https://www.benzinga.com/news/24/04/38378083/whats-cooking-nvidias-jensen-huang-meets-jeff-bezos-backed-perplexity-ai-ceo-search-like-a-billionai">made a mark</a> in the industry with its AI chatbot that provides users with summarized search results, and citations, and helps refine queries. The company has seen a significant increase in user queries, processing 169 million queries per month now.
It is now focusing on selling AI services to businesses and has launched an enterprise version of its chatbot, priced at $40 a month, with additional features such as enhanced security and data protection.
Perplexity is also expanding its user base in other regions through distribution partnerships with major carriers such as Japan&#8217;s SoftBank Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) and Germany&#8217;s Deutsche Telekom AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DTEGF#OTC">DTEGF</a>). The startup is offering some of these customers a <a href="https://www.benzinga.com/news/24/02/37360463/ceo-of-jeff-bezos-backed-perplexity-ai-lauds-carls-peis-new-nothing-phone-2a-i-am-getting-one">free one-year subscription</a> to its service.
Why It Matters: Perplexity AI has been making significant strides in the AI industry, with its innovative approach to search technology <a href="https://www.benzinga.com/news/24/03/37450685/perplexity-ai-vs-chatgpt-vs-google-gemini-which-ai-chatbot-is-the-best-for-you">setting it apart from other AI chatbots</a> like OpenAI's ChatGPT and Google's Gemini AI.
Perplexity&#8217;s ability to attract high-profile investors and users, such as Nvidia CEO Jensen Huang, <a href="https://www.benzinga.com/news/24/02/37316083/nvidia-ceo-jensen-huang-uses-these-ai-tools-almost-every-day-for-research">who is a fan of the product</a>, demonstrates the industry&#8217;s enthusiasm for new generative AI products.
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: <a href="https://www.benzinga.com/news/24/04/38357333/elon-musk-reacts-to-tucker-carlson-saying-theres-ton-of-evidence-that-aliens-live-among-us-with-6000?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tucker Carlson Saying There&#8217;s &#8216;Ton Of Evidence&#8217; That Aliens Live Among Us</a>
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.
Photo courtesy: Shutterstock

Startups

Tech

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GOOG

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SFTBY

Jeff Bezos-Backed Perplexity AI Is Now A Unicorn After Latest Fundraise: SoftBank's Masayoshi Son, Nvidia 'Doubled Down' On Support

Texas Instruments shares are trading higher following a Q1 earnings beat.

Tesla shares are trading higher following Q1 earnings. Additionally, B of A Securities upgraded the stock from Neutral to Buy.

Contracts

Tutor Perini's Subsidiary, Roy Anderson Corp, Won A Contract Valued At $72.7M By The City Of Pensacola, Florida, For Hangar 3 Of Project Titan At Pensacola International Airport

Guidance

Constellium Expects 2024 Adjusted EBITDA, Excluding The Non-cash Impact Of Metal Price Lag, To Be In The Range Of €740M-€770M; Projects Free Cash Flow In Excess Of €130M

Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) reported quarterly earnings of $0.12 per share which missed the analyst consensus estimate of $0.27 by 55.56 percent. This is a 20 percent decrease over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $1.88 billion which beat the analyst consensus estimate of $1.71 billion by 9.88 percent. This is a 10.48 percent decrease over sales of $2.10 billion the same period last year.

Constellium Q1 EPS $0.12 Misses $0.27 Estimate, Sales $1.8B Beat $1.7B Estimate

Forza Innovations