Streetbeat News

Earnings

BMBL

CDLX

GVP

OM

USFD

VSAT

XPEL

U.S. stocks traded higher with significant gains in the Nasdaq Composite, Dow, and S&P 500. US Foods Holding Corp. reported better-than-expected sales, while XPEL, Viasat, and GSE Systems saw substantial stock price increases. Conversely, Cardlytics, Outset Medical, and Bumble experienced significant declines due to poor financial results.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 6:49 pm

F

Ford Motor Co (NYSE:F) shares are trading higher by 3.79% amid overall market strength following better-than-expected U.S. jobs data. The decline in jobless claims suggests a stronger labor market, reducing recession fears and boosting investor confidence. Stable or slightly higher interest rates are seen as beneficial for Ford, which requires substantial capital investment. Wall Street analysts generally view Ford as an 'Outperform,' though opinions vary.

Portfolio Pulse from Henry Khederian

August 08, 2024 | 6:48 pm

SGAMY

Sega Sammy Holdings Inc (OTC:SGAMY) reported mixed Q1 2024 results with strong video game sales but an overall revenue decline. The Entertainment Contents division saw a 34% increase in net sales, driven by full-game sales and back catalogue titles. However, the pachislot and pachinko segment struggled, with a 43% drop in net sales. Sega's acquisition of Rovio and upcoming game releases are expected to bolster future performance.

Portfolio Pulse from Franca Quarneti

August 08, 2024 | 6:42 pm

WBD

Warner Bros. Discovery (NASDAQ:WBD) shares dropped 8.75% following a disappointing Q2 earnings report. The company missed revenue and EPS estimates, with significant declines in its Networks segment and Direct-to-Consumer revenues. Despite adding 3.6 million new global subscribers, the growth was insufficient to offset U.S. market declines. Analysts have adjusted their ratings and price targets, mostly lowering them.

Portfolio Pulse from Vaishali Prayag

August 08, 2024 | 6:32 pm

CELH

Celsius Holdings, Inc. (NASDAQ: CELH) has been downgraded by BofA Securities analyst Jonathan Keypour from Neutral to Underperform, with a price target reduction from $60 to $32. Despite strong Q2 earnings and sales, the analyst cites a weak consumer environment and a slowdown in the energy drink category as reasons for the downgrade. No meaningful recovery is projected until summer 2025.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2024 | 6:32 pm

Z

Zillow Group, Inc. (NASDAQ:Z) stock surged 19.8% after reporting better-than-expected Q2 earnings. The company posted an adjusted EPS of 39 cents, beating the 27 cents estimate, and sales of $572 million, surpassing the $537.58 million estimate. Zillow also announced the promotion of Jeremy Wacksman to CEO.

Portfolio Pulse from Dylan Berman

August 08, 2024 | 6:26 pm

DCBO

Docebo shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:24 pm

QTTB

Q32 Bio shares are trading lower after the company reported worse-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:24 pm

MSTR

MicroStrategy (NASDAQ:MSTR) shares are trading higher due to a 10-for-1 stock split and a rebound in Bitcoin prices. The company holds a significant amount of Bitcoin, which has a market value of $14.016 billion. Additionally, MicroStrategy announced that its MicroStrategy ONE for Government solution is now available on AWS Marketplace.

Portfolio Pulse from Erica Kollmann

August 08, 2024 | 6:23 pm

CPRX

Catalyst Pharmaceuticals shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:20 pm