Streetbeat News

Earnings

PINS

Pinterest Inc (NYSE:PINS) reported Q2 earnings with revenue and EPS beating estimates, but weak Q3 guidance led to a 13.01% drop in share price after hours.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 8:40 pm

GRPN

Groupon reported its Q2 2024 adjusted EPS at $(0.25), missing the estimate of $0.02.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:40 pm

LMND

Lemonade Inc. (LMND) has projected its Q3 revenue to be between $124 million and $126 million.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:39 pm

AX

Axos Financial (NYSE:AX) reported Q4 2024 adjusted EPS of $1.83, beating the estimate of $1.81. However, sales of $290.923 million missed the estimate of $300.152 million. Sales increased by 23.03% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:39 pm

BLKB

Blackbaud has reiterated its FY24 guidance, projecting GAAP revenue between $1.164 billion and $1.194 billion, and adjusted EPS between $4.12 and $4.38. These estimates are in line with market expectations.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:39 pm

ILPT

Industrial Logistics (NASDAQ:ILPT) reported Q2 2024 earnings of $0.14 per share, meeting analyst expectations and showing a 16.67% increase from last year. Sales were $110.621 million, slightly beating the $110.601 million estimate and marking a 2.39% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:38 pm

GRPN

Groupon reported its Q2 2024 adjusted EPS at $(0.25), which beat the estimate of $0.02.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:37 pm

MFIN

Medallion Financial (NASDAQ:MFIN) reported Q2 2024 earnings per share (EPS) of $0.30, missing the analyst consensus estimate of $0.38 by 21.05%. However, the company reported quarterly sales of $50.967 million, beating the analyst consensus estimate of $49.539 million by 2.88%. This represents a 4.80% increase over sales of $48.633 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:37 pm

AMD

INTC

NVDA

SOXX

SPY

AMD shares surged 4.8% in after-hours trading following a strong Q2 earnings report that beat expectations. The company reported increased revenue and earnings, driven by robust data center performance and accelerating AI business. AMD's Q3 guidance also topped expectations, projecting revenue of $6.7 billion. Rival Intel is set to report its earnings soon, while AMD's stock has lagged behind broader market indices year-to-date.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 8:37 pm

MTCH

Match Group, Inc. (NASDAQ:MTCH) shares rose after reporting strong Q2 results. The company posted earnings of 48 cents per share, matching analyst estimates, and sales of $864 million, beating expectations. Hinge's revenue surged 48%, while overall revenue increased by 4.15% year-over-year. Despite a 5% decline in payers, revenue per payer increased by 9%. CEO Bernard Kim highlighted positive trends for Tinder and expects further improvements in Q3.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 8:36 pm