Streetbeat News

Earnings

SPTN

SpartanNash Company (NASDAQ:SPTN) reported Q2 adjusted EPS of 59 cents, beating estimates, but revenues of $2.23 billion missed expectations. Net sales dropped 3.5% due to lower volumes in Wholesale and Retail segments. Despite weaker consumer demand, the company reaffirmed its FY24 guidance. SPTN shares rose 7.3% following the report.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 2:34 pm

ELTK

Eltek shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:34 pm

BMTX

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

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:32 pm

ANVS

Annovis Bio shares are trading higher following the company's Q2 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:31 pm

KORE

KORE Group shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates. Additionally, the company appointed a new CEO and announced plans to reduce its workforce by 19%.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:30 pm

SRG

Seritage Growth Properties shares are trading higher following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:27 pm

ASNS

Actelis Networks shares are trading higher following a year-over-year increase in Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:26 pm

SUNS

Sunrise Realty Trust shares are trading higher following the company's Q2 financial results reported yesterday.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:24 pm

AMZN

WMT

Amazon shares are trading higher due to strong consumer spending data and an upbeat outlook from Walmart. Retail sales increased by 1% month-over-month in July, surpassing expectations, and jobless claims fell to their lowest levels in five weeks. Walmart's better-than-expected Q2 results and raised full-year outlook also contributed to Amazon's stock movement.

Portfolio Pulse from Adam Eckert

August 15, 2024 | 2:20 pm

BKYI

BIO-key International, Inc. (NASDAQ:BKYI) has listed its PortalGuard IDaaS platform on the AWS Marketplace to expand its global reach. Despite this strategic move, the company reported a decline in Q2 revenues to $1.14 million from $1.9 million year-over-year, missing the consensus of $1.95 million. The revenue drop was attributed to delayed software license fees and reduced project-related services revenue. However, the net loss improved to $1.7 million from $2.6 million, and gross profit rose significantly. The company expects to benefit from stringent regulatory standards and cyber insurance requirements.

Portfolio Pulse from Akanksha Bakshi

August 15, 2024 | 2:19 pm