Latest News for Weimob Stock (OTC:WEMXF)

Weimob Inc is a provider of cloud business and marketing solutions for small and medium-sized enterprises in China. The company operates in three segments: Subscription solutions, Merchant solutions, and Digital media. It provides SaaS and other software in its Subscription Solutions segment for e-commerce, Retail, catering, hotel, local life, and other industries, enabling merchants to carry out private traffic management. The company helps merchants obtain public domain traffic and support them to achieve digital upgrade with full chain services and operations through its Merchant Solutions segment. Digital Media mainly comprises its advertisement placement services offered to certain merchants.

Weimob Inc

Wedbush analyst Scott Devitt maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Outperform and raises the price target from $175 to $205.

News

Price Target

Analyst Ratings

GOOGL

Wedbush Maintains Outperform on Alphabet, Raises Price Target to $205

Mizuho analyst Ben Chaiken maintains Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) with a Buy and lowers the price target from $80 to $78.

Mizuho Maintains Buy on Boyd Gaming, Lowers Price Target to $78

Canaccord Genuity analyst Richard Close maintains Teladoc Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) with a Buy and lowers the price target from $28 to $25.

TDOC

Canaccord Genuity Maintains Buy on Teladoc Health, Lowers Price Target to $25

Exxon Mobil Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) shares are trading lower after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38454760/exxonmobil-announces-first-quarter-2024-results" rel="noreferrer noopener">first-quarter&nbsp;FY24 results</a>.&nbsp;
Total revenues and other income&nbsp;stood at $83.083 billion, beating the consensus of&nbsp;$78.352 billion.
Net production stood at 3,784 thousand oil-equivalent barrels per&nbsp;day,&nbsp;vs. 3,831 thousand oil-equivalent barrels per day&nbsp;in the prior-year&nbsp;quarter.
Adjusted net profit came in at $8.22 billion, down from $11.62 billion a year ago due to lower industry refining margins and natural gas prices.
Adjusted EPS stood at $2.06,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus of $2.20</a>.
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38086558/energy-woes-exxon-mobil-warns-of-lower-q1-earnings" rel="noreferrer noopener">Energy Woes: Exxon Mobil Warns Of Lower Q1 Earnings</a>
The&nbsp;company&#8217;s&nbsp;capital and exploration expenditures stood at $5.84 billion in the first quarter.
The company achieved a cumulative structural cost savings of $10.1 billion vs. 2019, with an additional $0.4 billion during the quarter. The company plans to deliver cumulative savings totaling $15 billion by the end of 2027.
Dividend: Exxon declared a second-quarter dividend of $0.95 per share, payable on June 10, to shareholders of record as of May 15.
Darren Woods, chairman and chief executive officer, said, &#8220;Looking ahead, we&#8217;re making great progress on our plans to grow the earnings power of our existing businesses from investments in advantaged assets and higher-value&nbsp;products,&nbsp;and further reduce structural costs.&#8221;
&#8220;We are investing in technology to transform the molecules derived from oil and natural gas into products that extend our reach into new, high-value, high-growth markets to capture even greater value from our core competitive advantages.&#8221;
In April, Exxon Mobil&nbsp;made a final investment decision for the Whiptail development offshore Guyana following receiving the required&nbsp;government&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38221117/guyanas-oil-spigot-wide-open-exxon-hess-sanction-massive-12-7b-oil-project" rel="noreferrer noopener">and regulatory approvals</a>.&nbsp;
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38274712/exxon-taps-technipfmc-for-subsea-gear-in-guyanas-12-7b-whiptail-project" rel="noreferrer noopener">Exxon Taps TechnipFMC For Subsea Gear In&nbsp;Guyana&#8217;s&nbsp;$12.7B Whiptail&nbsp;Project</a>
Price Action: XOM shares are down 1.82% at $119.12 premarket at the last check Friday.
Photo: Del Henderson Jr. via Shutterstock

Earnings

Equities

Large Cap

Dividends

Movers

Exxon Mobil's Stock Slides Following Q1 Earnings - Here's Why

Canaccord Genuity analyst Maria Ripps maintains Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Hold and raises the price target from $14 to $15.

SNAP

Canaccord Genuity Maintains Hold on Snap, Raises Price Target to $15

Mizuho analyst Gregg Moskowitz maintains Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) with a Buy and lowers the price target from $240 to $225.

TEAM

Mizuho Maintains Buy on Atlassian, Lowers Price Target to $225

Canaccord Genuity analyst Sumant Kulkarni maintains Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) with a Hold and lowers the price target from $21 to $17.

SAGE

Canaccord Genuity Maintains Hold on Sage Therapeutics, Lowers Price Target to $17

Anglo American (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/NGLOY#OTCQX">NGLOY</a>) rebuffed a $39-billion takeover proposal from BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>), dismissing the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38447657/copper-is-a-hot-commodity-bidding-war-for-anglo-american-may-emerge-after-bhps-low-">offer as "highly unattractive."</a> 
What Happened: BHP&#8217;s bid, announced Thursday, April 25, involved an all-share offer. One of the conditions requires Anglo American to complete two separate demergers of its shareholdings in Anglo American Platinum (Amplats) and Kumba Iron Ore (Kumba).
The Anglo American board of directors unanimously rejected BHP&#8217;s bid, arguing it undervalues the company&#8217;s prospects.
"The BHP proposal is opportunistic and fails to value Anglo American's prospects while significantly diluting the relative value upside participation of Anglo American's shareholders relative to BHP's shareholders,&#8221; <a href="https://www.angloamerican.com/~/media/Files/A/Anglo-American-Group-v5/PLC/microsite/rejection-of-bhp-proposal.pdf"> stated</a> Anglo board chairman Stuart Chambers.
&#8220;The proposed structure is also highly unattractive,&#8221; he added, citing &#8220;substantial uncertainty and execution risk&#8221; among shareholders and stakeholders.
See Also:<a href="https://www.benzinga.com/news/24/04/38390383/copper-prices-approach-2-year-highs-whats-behind-analysts-12-000-price-prediction-for-2026"> Copper Prices Approach 2-Year Highs &#8211; What&#8217;s Behind Analyst&#8217;s $12,000 Price Prediction For 2026?</a>
BHP framed the offer as a 31% premium to Anglo American&#8217;s latest market price. However, Anglo American contends that the proposal fails to capture the value of its portfolio, particularly significant holdings in copper.
"Anglo American is well positioned to create significant value from its portfolio of high-quality assets that are well aligned with the energy transition and other major demand trends," Chambers said, noting the copper's presence in 30% of the company's production.
Copper is a critical metal driving the global energy transition. Anglo American possesses ownership interests in four of the world&#8217;s largest copper mines: 
<ul>
<li>Collahuasi (44%)</li>
<li>Los Bronces (50.1%)</li>
<li>El Soldado (50.1%)</li>
<li>Quellaveco (60%).</li>
</ul>
See Also: <a href="https://www.benzinga.com/news/large-cap/24/04/38441405/gold-glitters-on-stagflation-tailwinds-newmont-soars-13-in-biggest-gain-post-covid-leads-mining-se">Gold Glitters On Stagflation Tailwinds &#8211; Newmont Soars 13% In Biggest Post-Covid Gain, Leads Mining Sector Surge</a>
Why It Matters: The proposed merger has the potential to be the biggest shakeup in the global mining industry in over a decade. 
However, as reported<a href="https://www.ft.com/content/ca336820-c0d3-400b-8ed3-666f4caec2b7"> by</a> The Financial Times, Berenberg&#8217;s Richard Hatch was unconvinced that Anglo American presents significant turnaround opportunities for BHP, quoting limited operational synergies.
Legal &amp; General Investment Management, one of Anglo&#8217;s largest shareholders, also weighed in.
BHP&#8217;s approach &#8220;highly opportunistic&#8221; and &#8220;unattractive,&#8221; the asset manager said. The proposed exchange ratio undervalues Anglo American and further industry consolidation will not accelerate investment as needed, the firm argued.
What&#8217;s Next: Under the UK Takeover Code, BHP has until 5 p.m. on May 22 to respond by announcing a firm intention to make an offer for Anglo or to withdraw its bid entirely.
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to licensing@benzinga.com to get started!
Also read:<a href="https://www.benzinga.com/news/24/04/38435800/standard-lithium-activates-cutting-edge-plant-paves-way-for-cleaner-mining"> Standard Lithium Activates Cutting-Edge Plant, Paves Way For Cleaner Mining</a>
Image: Shutterstock

Commodities

NGLOY

Anglo American Rejects BHP's 'Highly Unattractive' Bid, Sets Proposal Deadline For May 22

Canaccord Genuity analyst George Gianarikas maintains Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) with a Buy and raises the price target from $31 to $37.

MBLY

Canaccord Genuity Maintains Buy on Mobileye Global, Raises Price Target to $37

ISUN

Trading Halt: Halt status updated at 8:55:00 AM ET: Quotation Resumption: News and Resumption Times

ZVSA

The Dow Jones index closed lower by around 375 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Netcapital</h3>
<ul>
<li>The Trade: Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) Director Steven F Geary <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 239,274 shares</a> at an average price of $0.13. To acquire these shares, it cost around $31,680.</li>
<li>What's Happening: On March 18, Netcapital posted a loss for the third quarter.</li>
<li>What Netcapital Does: Netcapital Inc is a financial technology company. The company facilitates the growth of private companies by providing fundraising services and other consulting services.</li>
</ul>
<h3 class="wp-block-heading">Vivakor</h3>
<ul>
<li>The Trade: Vivakor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIVK#NASDAQ">VIVK</a>) CEO James H. Ballengee <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 102,000 shares at</a> an average price of $1.51. To acquire these shares, it cost around $154,005.</li>
<li>What's Happening: On March 25, Vivakor announced that it signed a definitive Membership Interest Purchase Agreement to acquire Endeavor Entities..</li>
<li>What Vivakor Does: Vivakor Inc is a socially responsible operator, acquirer and developer of technologies and assets in the oil and gas industry, as well as related environmental solutions.</li>
</ul>
<h3 class="wp-block-heading">Mobile Infrastructure</h3>
<ul>
<li>The Trade: Mobile Infrastructure Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEEP#NYSE">BEEP</a>) CEO Manuel Chavez III <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 1,535 shares</a> at an average price of $3.48. The insider spent around $5,342 to buy those shares.</li>
<li>What's Happening: Mobile Infrastructure is expected to issue its first quarter 2024 earnings release on May 15, 2024.</li>
<li>What Mobile Infrastructure Does: Mobile Infrastructure Corp focuses on acquiring, owning, and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38452336/investor-sentiment-improves-slightly-but-dow-tumbles-over-350-points">Investor Sentiment Improves Slightly, But Dow Tumbles Over 350 Points</a>

Long Ideas

Penny Stocks

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

Mobile Infrastructure Corporation Common Stock

BEEP

NCPL

VIVK

Vivakor And 2 Other Stocks Under $5 Insiders Are Buying

Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) reported worse-than-expected <a href="https://www.benzinga.com/quote/BYD/earnings">first-quarter earnings on Thursday</a>.
Boyd Gaming posted adjusted earnings of $1.51 per share, missing market estimates of $1.57 per share. The company's quarterly sales came in at $960.521 million versus expectations of $958.741 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Total adjusted EBITDAR was $330.5 million in the first quarter down from $367.1 million in the year-ago quarter.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: &#8220;After a record 2023, the first quarter of 2024 was a challenging start to the year. Severe winter weather had a significant impact on our Midwest &amp; South segment early in the quarter while we also experienced increased competitive pressures in the Las Vegas Locals market. However, throughout our business, many of the positive trends from the fourth quarter continued into the new year. By focusing on our disciplined operating and marketing strategies, we have been able to maintain strong operating margins. Additionally, our significant cash flows and strong balance sheet allow us to continue returning capital to our shareholders through our ongoing share repurchases and quarterly dividend programs. Looking ahead, we remain confident in our ability to successfully navigate the current environment and deliver value to our shareholders.&#8221;
Boyd Gaming shares fell 1.1% to close at $62.89 on Thursday.
These analysts made changes to their price targets on Boyd Gaming following earnings announcement.
<ul>
<li>JP Morgan cut the price target on Boyd Gaming from $80 to $67. JP Morgan analyst Joseph Greff downgraded the stock from Overweight to Neutral.</li>
<li>Deutsche Bank slashed the price target on Boyd Gaming from $78 to $71. Deutsche Bank analyst Carlo Santarelli downgraded the stock from Buy to Hold.</li>
</ul>
Also Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38452338/microsoft-alphabet-and-3-stocks-to-watch-heading-into-friday">Microsoft, Alphabet And 3 Stocks To Watch Heading Into Friday</a>

These Analysts Cut Their Forecasts On Boyd Gaming After Q1 Earnings

Canaccord Genuity analyst George Gianarikas maintains LSI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYTS#NASDAQ">LYTS</a>) with a Buy and raises the price target from $17 to $18.

LYTS

Canaccord Genuity Maintains Buy on LSI Industries, Raises Price Target to $18

Ford Motor Co CEO Jim Farley on Thursday lauded a customer in Dubai who used <a href="https://www.benzinga.com/news/23/08/33855060/fast-and-ford-ious-dwayne-johnson-adds-f-150-raptor-r-to-his-collection-in-jim-farleys-presence">his F-150 Raptor</a> to rescue people during the recent severe floods.
What Happened: Farley took to social media platform X to express his gratitude to the vehicle owner, Ahmad, for his heroic actions. 
&#8220;Thank you, Ahmad for being a hero to your community!&#8221; Farley wrote. 
<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">During the recent extreme floods in Dubai, a <a href="https://twitter.com/Ford?ref_src=twsrc%5Etfw">@Ford</a> owner stepped in to help people trapped in the flood waters using his F-150 Raptor. Thank you, Ahmad for being a hero to your community! <a href="https://t.co/4ivVaPPJxY">https://t.co/4ivVaPPJxY</a>
&mdash; Jim Farley (@jimfarley98) <a href="https://twitter.com/jimfarley98/status/1783546400745103584?ref_src=twsrc%5Etfw">April 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Ahmad&#8217;s Rescue Efforts: As per a <a href="https://www.khaleejtimes.com/uae/dubai-emirati-mans-new-truck-becomes-lifesaver-for-7-day-old-baby-on-flooded-roads">report</a> by Khaleej Times, Ahmad Darwish Ali Al Emadi utilized his new Ford truck to rescue a 7-day-old baby and a family of four from flooded areas in Dubai on April 16 when Dubai experienced record-breaking rainfall, causing severe flooding in several neighborhoods. 
Despite the risk to his new Ford Raptor 150, the Emirati resident responded to a distress call from a Kazakh friend. The friend&#8217;s 7-day-old baby needed urgent medical attention, but the neighborhood was submerged in waist-high water, the report said. 
Ahmad, a cybersecurity and innovation head at a private firm in Dubai, embarked on a challenging journey from Khawaneej to JVC, which typically takes just over half an hour. Due to the flooded streets and roadblocks, the trip stretched to over three hours. Despite the challenges, he successfully transported the baby to the hospital, where immediate medical attention was provided.
The individual also assisted a stranded family of four in Mirdif and helped the Dubai Police in rescuing stranded vehicles, the report said. 
"Even after many rescue operations and my new truck in water for over five hours, I did not find a single scratch," Ahmad told the newspaper. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/04/38453221/another-blow-to-tesla-hertzs-ev-disposal-plan-jumps-by-10k-as-car-rental-company-aims-for-95-gas-pow" target="_blank" rel="noreferrer noopener">Another Blow To Tesla? Hertz's EV Disposal Plan Jumps By 10K As Car-Rental Company Aims For 95% Gas-Powered Fleet By Year-End</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 via Shutterstock

Tech

Ford CEO Jim Farley Hails F-150 Raptor Driver As Hero For Dubai Flood Rescues

Canaccord Genuity analyst William Plovanic maintains DexCom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) with a Buy and raises the price target from $144 to $145.

DXCM

Canaccord Genuity Maintains Buy on DexCom, Raises Price Target to $145

WIIM

Toyota shares are trading higher after the company announced a new $1.4 billion investment in its Princeton facility.

U.S. Secretary of Energy Jennifer Granholm, U.S. Senators Martin Heinrich and Ben Ray Luján, Albuquerque Mayor Tim Keller, and Bernalillo County Commission Chair Barbara Baca joined today with Array Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) to announce the groundbreaking of a new $50+ million manufacturing campus in Bernalillo County, New Mexico. The facility marks a significant investment in the region's clean energy future and underscores Array's commitment to fostering job growth and bolstering the domestic supply chain.   &nbsp;
"Array's new manufacturing facility will create good-paying jobs in New Mexico, strengthen the domestic solar supply chain, and ultimately help us achieve greater American energy independence," said Kevin G. Hostetler, chief executive officer of Array Technologies. "This is a perfect example of government entities working together at all levels to promote pro-growth policies that create American jobs and support local businesses. With federal action like the Inflation Reduction Act and the support of state and local officials, Array is proud to be at the forefront of the solar energy boom."  &nbsp;
Array, one of New Mexico's few publicly traded companies, is a global leader in utility-scale solar tracking technology that maximize the efficiency of solar panels by moving them to optimize the sun's angle. Founded in Albuquerque over 30 years ago, Array is the original American solar manufacturing success story. Array has led the way on sustainability through its use of a traceable American supply chain and low-carbon American steel. The decision to expand operations in Albuquerque comes as part of Array's long-standing relationship with the community. 
"New Mexico Democrats have delivered an American manufacturing renaissance thanks to historic legislation like the Inflation Reduction Act. Array Technologies' newest manufacturing facility is the latest proof of that — creating new careers New Mexicans can build their families around, producing new technologies that will lower costs for working families, and further solidifying our state at the center of the nation's clean energy future," said U.S. Senator Martin Heinrich (D-N.M.).
The Inflation Reduction Act's production tax credit made this investment possible, which will bring new manufacturing careers to the community and boost American energy independence. The new 216,000-square-foot campus, located on Albuquerque's west side, will employ over 300 residents in the near term to facilitate the production, assembly, design, engineering, and customer service of solar tracking technology. &nbsp;
 "Manufacturing in New Mexico and across the U.S. is on the rise thanks to the Biden-Harris administration and the Inflation Reduction Act that I was proud to support in Congress. I'm glad to have Secretary Granholm back in New Mexico to break ground on Array's new manufacturing facility which will drive innovation and create new opportunities for folks here at home," said U.S. Senator Ben Ray Luján (D-N.M.). "Through the Inflation Reduction Act and state and local investments, this new facility will grow the economy and keep New Mexico at the forefront of clean energy." 
In addition to the Inflation Reduction Act's tax credits, Array's expansion is also made possible in part by $2.5 million in economic assistance from the Local Economic Development Act (LEDA) job-creation fund, awarded by the state. Additional support from the City of Albuquerque and Bernalillo County includes $250,000 each of LEDA funds and partial property-tax abatement through an Industrial Revenue Bond. Between capital investments and job creation, the expansion project is expected to have an economic impact of more than $300 million over 10 years. 
"Albuquerque is a hub for the green economy, and we will keep pushing to create a more sustainable future for our families," said Mayor Tim Keller. "This expansion delivers direct, positive economic impact to our community, bringing jobs and opportunities to our residents as we create a brighter future, together."
"When we as a commission look at supporting businesses with tax exemptions or LEDA funds, we must consider job growth, job retention and the impact it will have on our community. What Array Technologies is doing here is a good example of that and we are proud to work collaboratively with the city and the state to support their mission," said Bernalillo County Commission Chair Barbara Baca. 
"This announcement from Array is an example of how smart federal policies can directly benefit states and localities with jobs and economic growth," said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). "Investments in domestic solar manufacturing like this one are critical for strengthening our nation's energy security and ensuring our energy future puts people and communities first." 
At a groundbreaking ceremony at the current Array Albuquerque manufacturing facility on Friday, April 26, 2024, officials toured the facility and highlighted how the expansion marks a significant milestone in Array's mission to drive forward the renewable energy industry and contribute to a sustainable future for generations to come. Photos, b-roll, and more information are available <a href="https://www.globenewswire.com/Tracker?data=sdU_RzWVy3AoRr64l5C850xIwElqBFej3LQE_68Mkmir-VAPLrtTZLsKRUn2a9Ompwyj5x27F1j8XOCz5Q2ULYRZdDFjyGQPZTFphThgp-3QqlKu7_JVAMWcXh7xOV3y">here</a>.
For more information about Array Technologies, visit <a href="https://www.globenewswire.com/Tracker?data=sWQh-Fpc9VEkiXSNagMdD9gcYbodO2rX5e9WYkFIWr0i4WMymGvHzi2BjdKrBVwTE9AEzMjql5ug909QTqzsg4Im5Iq-FbkrZAzkoJ2km9g=">www.arraytechinc.com</a>. &nbsp;

Events

ARRY

Array Hosts U.S. Energy Secretary Granholm, New Mexico Senators To Break Ground On New Solar Manufacturing Facility

Canaccord Genuity analyst Whitney Ijem maintains Biomarin Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) with a Hold and lowers the price target from $91 to $89.

BMRN

Canaccord Genuity Maintains Hold on Biomarin Pharmaceutical, Lowers Price Target to $89

ResMed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) reported better-than-expected <a href="https://www.benzinga.com/quote/RMD/earnings">third-quarter financial results</a> on Thursday.
ResMed posted adjusted earnings of $2.13 per share, beating market expectations of $1.91 per share. The company's quarterly sales came in at $1.200 billion versus estimates of $1.167 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Gross margin rose 260 bps to 57.9%, while non-GAAP gross margin increased 240 bps to 58.5%.
&#8220;ResMed&#8217;s strong third-quarter fiscal year 2024 results reflect robust patient and customer demand for our products and software solutions, leading to double-digit mask and accessories revenue growth along with ongoing operational efficiencies to drive margin improvement and increased profitability, resulting in double-digit growth in both operating profit and earnings per share,&#8221; said Mick Farrell, ResMed&#8217;s Chairman &amp; CEO. &#8220;Over 2 billion people worldwide can benefit from a ResMed solution to help them sleep better, breathe better, and receive best-in-class healthcare right where they live. We remain laser-focused on bringing market-leading innovation to customers, including our latest AirCurve11 range of non-invasive ventilators and our recently launched AirFit F40 mask system, combined with our entire portfolio of products, software, and solutions, allowing us to continue to deliver value for all our stakeholders.&#8221;
ResMed shares fell 0.2% to close at $183.42 on Thursday.
These analysts made changes to their price targets on ResMed following earnings announcement.
<ul>
<li>Needham increased the price target on ResMed from $224 to $236. Needham analyst Mike Matson maintained a Buy rating.</li>
<li>Keybanc boosted the price target on ResMed from $227 to $238. Keybanc analyst Brett Fishbin maintained an Overweight rating.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38452338/microsoft-alphabet-and-3-stocks-to-watch-heading-into-friday">Microsoft, Alphabet And 3 Stocks To Watch Heading Into Friday</a>

ResMed Analysts Boost Their Forecasts After Better-Than-Expected Earnings

Weimob Returns To Growth As Long March Towards Elusive Profits Continues

Analysts have been eager to weigh in on the Technology sector with new ratings on Adyen (ADYYF – Research Report), Weimob (WEMXF – Research Report)...

Analysts Conflicted on These Technology Names: Adyen (OtherADYYF), Weimob (OtherWEMXF) and Oxford Instruments (OtherOXINF)

In a report released yesterday, Thomas Chong from Jefferies maintained a Buy rating on Weimob (WEMXF – Research Report), with a price target of HK$...

Jefferies Remains a Buy on Weimob (WEMXF)

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Digital China Holdings (DCHIF – Research Report), ZT...

Analysts Offer Insights on Technology Companies: Digital China Holdings (OtherDCHIF), ZTE (OtherZTCOF) and Weimob (OtherWEMXF)

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Weimob (WEMXF – Research Report), Sunny Optical Tech...

Analysts Are Bullish on These Technology Stocks: Weimob (WEMXF), Sunny Optical Technology (Group) Co (SNPTF)

Weimob Shops Breakup Plan, But Investors Aren't Buying It

In a report released today, Thomas Chong from Jefferies maintained a Buy rating on Weimob (WEMXF – Research Report), with a price target of HK$2.60...