Streetbeat News

Earnings

SHOP

Shopify Inc (NYSE:SHOP) shares are trading higher due to positive analyst coverage. Analysts from MoffettNathanson and Mizuho have upgraded their ratings and raised their price targets for Shopify. The company is expected to report Q2 earnings soon, with estimates suggesting earnings of 6 cents per share on quarterly revenue of $1.62 billion.

Portfolio Pulse from Adam Eckert

July 24, 2023 | 12:45 pm

CRGO

Freightos Limited (NASDAQ:CRGO) reported Q2 2023 Key Performance Indicators, with a record 239K transactions booked on the platform, up 59% YoY. However, due to reduced market freight rates, Gross Booking Value (GBV) was below management expectations. The company also announced an operational efficiency plan to improve Adjusted EBITDA by about $5.6 million per year. Financial results for Q2 2023 and Q3 2023 guidance will be announced on August 21, 2023.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:43 pm

DRIO

DarioHealth Corp. (NASDAQ:DRIO) has announced a new agreement with a large regional health plan to provide digital health solutions to over 160,000 members. The company also released preliminary Q2 2023 results, with revenues between $6M-$6.15M, lower than the estimated $6.73M. The company's cash and cash equivalents stood at $52.6M as of June 30, 2023. Dario also announced strategic partnerships with MedOne Pharmacy Benefits Solution and Solera, which are expected to contribute to 2023 revenues.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:42 pm

LIVE

Live Ventures has acquired Precision Metal Works for approximately $28M. The acquisition, which did not involve any issuance of stock, is expected to be immediately accretive to earnings and strengthens Live Ventures' steel manufacturing segment.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:34 pm

RYAAY

Ryanair Holdings PLC reported Q1 FY24 revenue growth of 40% Y/Y to €3.65 billion and net profit of €663 million, a significant increase from €170 million a year ago. The company's operating costs increased 23% Y/Y to €2.94 billion due to higher fuel costs, staff costs, and increased ATC fees. Ryanair now expects traffic to be around 183.5 million (+9% Y/Y), slower than earlier guidance of 185 million, due to delivery delays. The company's shares are trading down by 3.74% at $103.50 premarket.

Portfolio Pulse from Lekha Gupta

July 24, 2023 | 12:34 pm

BMRC

Bank of Marin (NASDAQ:BMRC) reported Q2 earnings of $0.28 per share, missing the analyst consensus estimate of $0.43 by 34.88%. This is a decrease from $0.69 per share from the same period last year. However, the company reported quarterly sales of $26.80 million, beating the analyst consensus estimate of $26.30 million by 1.90%. This is a 14.09% decrease from sales of $31.20 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:33 pm

PKX

POSCO Holdings reported its quarterly financial results, leading to an increase in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:15 pm

MNSB

MainStreet Bancshares reported Q2 earnings of $0.85 per share, beating the analyst consensus estimate of $0.84 by 1.19 percent. This represents a 19.72 percent increase over earnings of $0.71 per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:15 pm

MBCN

Middlefield Banc (NASDAQ:MBCN) reported Q2 earnings of $0.63 per share, beating the analyst consensus estimate of $0.59 by 6.78 percent. However, this represents a 10 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:09 pm

DX

Dynex Cap (NYSE:DX) reported Q2 losses of $0.27 per share, missing the analyst consensus estimate of $0.03 by 1000 percent. This is a 167.5 percent decrease over earnings of $0.40 per share from the same period last year. The company also reported quarterly sales of $2.93 million, missing the analyst consensus estimate of $6.39 million by 145.85 percent, a 120.82 percent decrease over sales of $14.07 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:05 pm