Streetbeat News

Earnings

RLMD

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

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:50 pm

AKA

a.k.a. Brands Holdings shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 net sales guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:49 pm

DBRG

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

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:49 pm

OXY

Occidental Petroleum Corporation (NYSE:OXY) shares are trading higher after the company reported strong Q2 2024 earnings, beating analyst estimates on both EPS and sales. The company attributed its financial success to higher domestic crude oil volumes and prices, despite lower domestic gas prices and higher transportation costs.

Portfolio Pulse from Dylan Berman

August 08, 2024 | 4:48 pm

OXY

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

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:47 pm

ROIV

Roivant Sciences shares are trading higher after the company reported better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:45 pm

HBI

Hanesbrands Inc. (NYSE:HBI) shares surged 14.4% after the company reported better-than-expected Q2 earnings. The company posted adjusted EPS of 15 cents, beating the street view of 10 cents, and an adjusted gross margin of 39.8%, up 525 basis points year-over-year. Despite a 4% decline in net sales from continuing operations, the company highlighted strong performance in its U.S. innerwear unit and margin gains. Hanesbrands also adjusted its full-year 2024 guidance, projecting net sales of $3.59 billion to $3.63 billion and adjusted EPS of $0.31 to $0.37.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2024 | 4:44 pm

HYFM

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) reported a net loss of $23.5 million for Q2 2024, up from $12.9 million in the prior year. Despite a 13.1% decrease in net revenue to $54.8 million, the company achieved positive Adjusted EBITDA for the fourth time in five quarters. Hydrofarm also completed an asset sale of Innovative Growers Equipment, which is expected to improve future profitability.

Portfolio Pulse from Rolando García

August 08, 2024 | 4:42 pm

SEE

Sealed Air Corporation (NYSE:SEE) reported strong Q2 results, with adjusted EPS of 83 cents beating estimates of 64 cents and revenues of $1.345 billion surpassing the $1.307 billion consensus. Despite a 3% revenue decrease, the company saw a rise in adjusted EBITDA due to lower operating costs and higher volumes. Shares rose by 6.11% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2024 | 4:42 pm

FROG

JFrog Ltd. (NASDAQ:FROG) shares are falling after the company reported worse-than-expected Q2 revenue and issued lower-than-expected guidance for Q3 and the full year. Multiple analysts have downgraded the stock or lowered their price targets.

Portfolio Pulse from Erica Kollmann

August 08, 2024 | 4:41 pm