Streetbeat News

Earnings

AMRK

A-Mark Precious Metals reported Q4 2024 earnings per share of $0.60, missing the analyst estimate of $0.69. Sales were $2.52 billion, below the expected $2.72 billion, and down 20.13% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:06 pm

ULTA

Ulta Beauty reported Q2 2024 earnings per share of $5.30, missing the analyst estimate of $5.55. Sales were $2.552 billion, below the expected $2.618 billion, but up 0.87% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:05 pm

ADSK

Autodesk has released its financial guidance for Q3 and FY25, projecting higher EPS and revenue than analyst estimates. The company anticipates Q3 EPS of $2.08-$2.14 and revenue of $1.555B-$1.570B, while FY25 EPS is expected to be $8.18-$8.31 with revenue of $6.08B-$6.13B.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:04 pm

IPGP

IPG Photonics anticipates a $5M reduction in Q3 revenue due to the sale of its Russian operations, IRE-Polus. The company expects to incur charges between $195M and $210M related to this transaction.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:03 pm

ADSK

Autodesk shares are experiencing an increase in trading value due to the company's better-than-expected Q2 earnings per share (EPS) and revenues.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:02 pm

ADSK

Autodesk reported strong Q2 earnings, with EPS of $2.15 beating estimates of $2.00 and sales of $1.50 billion surpassing the $1.48 billion estimate. This marks a significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:02 pm

BJ

BJ's Wholesale shares are experiencing a decline in trading due to weak retail earnings reported by other retail companies.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 7:55 pm

OKTA

Okta's shares fell after reporting Q2 results. Despite beating revenue and EPS estimates, subscription revenue growth decelerated, and guidance for cRPO growth was weaker than expected. Analysts had mixed reactions, with some downgrading the stock due to concerns over growth trajectory.

Portfolio Pulse from Vaishali Prayag

August 29, 2024 | 7:53 pm

CLSK

MARA

MSTR

Shares of CleanSpark, MicroStrategy, and Marathon Digital Holdings initially rose before paring gains on Thursday, influenced by Iris Energy's earnings report. Iris Energy reported significant growth in Bitcoin mining revenue and capacity, which may have impacted these companies. Bitcoin's price also increased, trading at approximately $60,504.

Portfolio Pulse from Dylan Berman

August 29, 2024 | 6:53 pm

NVDA

Nvidia reported strong Q2 earnings, beating expectations with a 68 cents per share and $30.04 billion in revenue, a 122.40% increase from last year. Despite this, Nvidia's stock fell 5.66% due to mixed technical signals, suggesting a cautious short-term outlook.

Portfolio Pulse from Surbhi Jain

August 29, 2024 | 6:36 pm