Streetbeat News

Earnings

KRRO

Korro Bio shares are trading higher following Q2 financial results and an Outperform rating from William Blair.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:32 pm

DKNG

FLUT

DraftKings (NASDAQ:DKNG) faced backlash and a drop in shares after announcing a winning bet surcharge in high-tax states, which it later reversed following Flutter Entertainment's (NYSE:FLUT) decision not to implement a similar charge. Analysts have raised their price targets for Flutter, citing strong Q2 performance and growth potential.

Portfolio Pulse from Chris Katje

August 14, 2024 | 3:30 pm

NKTX

Nkarta shares are trading higher after the company reported better-than-expected Q2 EPS results. Additionally, Raymond James upgraded the stock from Outperform to Strong Buy.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:30 pm

WMT

Walmart Inc. (NYSE:WMT) shares are trending as the company is set to release its Q2 2024 earnings on Thursday. Analysts estimate EPS of 64 cents and revenue of $168.56 billion. Walmart has a strong record of beating estimates. Multiple analysts have recently adjusted their price targets for Walmart.

Portfolio Pulse from Dylan Berman

August 14, 2024 | 3:29 pm

PNRG

PrimeEnergy Resources (NASDAQ:PNRG) reported a significant increase in Q2 earnings and sales. EPS rose to $7.77 from $3.82 YoY, and sales increased to $64.83M from $35.72M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:28 pm

ECX

LOT

MBLY

ZK

Ecarx Holdings Inc. (NASDAQ: ECX) reported a 31% revenue growth in Q2, primarily driven by sales to Geely and its subsidiaries. Despite efforts to diversify, Ecarx remains heavily reliant on Geely, posing a risk if the relationship weakens. The company's gross profit margin dropped, and net loss increased significantly. Ecarx is attempting to expand its customer base, including a new design win from a European automaker and ongoing projects with non-Geely automakers.

Portfolio Pulse from The Bamboo Works

August 14, 2024 | 3:28 pm

MLYS

Mineralys Therapeutics shares are trading lower after the company reported worse-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:27 pm

DMRC

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

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:26 pm

CRMD

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

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:23 pm

CTNM

Contineum Therapeutics shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:20 pm