Streetbeat News

Earnings

KPLT

Katapult Holdings shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:56 pm

NATL

NCR Atleos shares are trading lower following soft FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:55 pm

TSAT

Telesat (NASDAQ:TSAT) shares surged after the company reported stronger-than-expected Q2 2024 results. Despite a 15.2% YoY revenue decline to C$152.44 million, the figure beat the consensus estimate of C$141.15 million. EPS was C$2.45, above the consensus estimate of C$1.71. The company remains on track to meet its 2024 guidance, with expected revenues between C$545 million and C$565 million and Adjusted EBITDA between C$340 million and C$360 million.

Portfolio Pulse from Akanksha Bakshi

August 14, 2024 | 2:54 pm

DTST

Data Storage shares are trading lower following worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:47 pm

RKDA

Arcadia Biosciences shares are trading lower following a Q2 EPS miss.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:36 pm

ANAB

CLOV

FLUT

INTA

K

LPLA

MRCY

MRX

NKTX

PFGC

PRLD

QFIN

SDHC

SERV

UBS

VSCO

XP

UBS Group AG reported strong second-quarter earnings, leading to a 5.6% rise in its stock price. Other notable gainers include Serve Robotics, Mercury Systems, AnaptysBio, Victoria's Secret, Nkarta, Marex Group, Smith Douglas Homes, Intapp, Clover Health Investments, Performance Food Group, XP Inc., Prelude Therapeutics, Flutter Entertainment, Kellanova, Qifu Technology, and LPL Financial Holdings.

Portfolio Pulse from Avi Kapoor

August 14, 2024 | 2:36 pm

HD

TGT

WMT

Home Depot (HD) reported fiscal Q2 earnings and sales that topped estimates but warned of declining annual profit and comparable sales due to weak discretionary spending. Revenue rose to $43.18 billion, but net income fell to $4.56 billion. Comparable sales dropped 3.3%, marking the seventh consecutive quarter of negative comparable sales. Home Depot expects annual comparable sales to drop 3-4% YoY and diluted profit per share to drop 2-4%. The SRS Distribution deal is expected to boost annual sales by $6.4 billion. Investors are now looking to Walmart (WMT) and Target (TGT) for further consumer health insights.

Portfolio Pulse from Upwallstreet

August 14, 2024 | 2:35 pm

DBCCF

Decibel Cannabis Company Inc. (OTCQB:DBCCF) reported a 22% year-over-year decrease in Q2 net revenue to CA$22.1 million. Despite the decline, the company is optimistic about regaining market share with new product launches and improved capital efficiency. The company also reported a positive adjusted EBITDA of CA$3.9 million and a net income of CA$122,000. Shares of Decibel traded 4.29% higher at $0.0365 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

August 14, 2024 | 2:33 pm

NU

Nu Holdings shares are trading higher after the company reported better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:32 pm

BLUE

bluebird bio shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:31 pm