Benzinga Eli Lilly’s Big Jump; Paramount’s $1.62 Bn Sale $PARA Podcast

Daily Stock Picks and News from Benzinga Newsdesk with host Brent Slava

Straight from Benzinga newsdesk, host Michael O’Connor brings you the market news and stocks to watch.

Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today’s Stocks:

$UPS $PARA $BYND $LLY $W

Wall Street expects United Parcel Service, Inc. (NYSE:UPS) to post quarterly earnings at $2.50 per share on revenue of $23.11 billion before the opening bell. UPS shares rose 0.6% to $183.30 in after-hours trading.
Paramount Global (NASDAQ:PARA) reported better-than-expected results for its second quarter. KKR also announced plans to acquire Simon & Schuster from Paramount Global for $1.62 billion. Paramount Global shares gained 4.5% to $16.81 in the after-hours trading session.
Beyond Meat Inc (NASDAQ:BYND) reported downbeat results for its second quarter and issued weak revenue forecast for FY23. Beyond Meat shares declined 11.9% to $13.46 in the after-hours trading session.
Analysts expect Eli Lilly and Company (NYSE:LLY) to report quarterly earnings at $1.99 per share on revenue of $7.58 billion before the opening bell. Eli Lilly shares fell 0.1% to $453.90 in after-hours trading.
UBS analyst Atul Maheswari upgraded Wayfair Inc (NYSE:W) to Buy from Neutral with an increased price target of $110 from $72.

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Michael O’Connor , Benzinga Newsdesk

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