Streetbeat News

Earnings

BMBL

CDLX

GVP

LLY

VSAT

XPEL

U.S. stocks surged with the Dow Jones gaining over 500 points. Eli Lilly reported strong Q2 earnings and raised its full-year guidance. XPEL, Viasat, and GSE Systems saw significant stock price increases due to positive earnings and acquisition news, while Cardlytics, Outset Medical, and Bumble experienced sharp declines following disappointing earnings.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 4:06 pm

GDRX

GoodRx Holdings Inc. (NASDAQ:GDRX) reported Q2 revenue of $200.61 million, up 6% YoY, with prescription transactions revenue increasing by 7%. However, subscription revenue decreased by 8% due to the end of the Kroger Savings Club partnership. Adjusted EPS was 8 cents, missing the consensus of 9 cents. The company expects FY 2024 revenue at the lower end of $800M-$810M and Q3 revenue between $193M-$197M, below the consensus of $202.4M. GDRX stock is down 21.1% at $6.79.

Portfolio Pulse from Vandana Singh

August 08, 2024 | 4:04 pm

FTAI

FTAI Aviation (NASDAQ:FTAI) has received a mix of bullish and somewhat bullish ratings from 15 analysts over the past quarter. Analysts have raised their 12-month price targets, with an average target of $106.93, reflecting a 15.23% increase from the previous average. Despite positive revenue growth, the company faces challenges with profitability, return on equity, and debt management.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 4:01 pm

TNDM

Tandem Diabetes Care (NASDAQ:TNDM) has received a range of analyst ratings over the past quarter, with a majority being bullish. Analysts have also raised their 12-month price targets, indicating positive sentiment. Despite this, the company faces challenges in profitability and financial performance compared to industry averages.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 4:00 pm

DIS

Analysts have mixed views on The Walt Disney Company's (NYSE:DIS) recent performance, with concerns about theme park weakness offset by strong streaming profits. Multiple analysts have reiterated Buy ratings but lowered their price targets. The focus is on the normalization of theme park profitability and the strength of Disney's Direct-to-Consumer (DTC) segment.

Portfolio Pulse from Chris Katje

August 08, 2024 | 3:58 pm

CRLBF

Cresco Labs Inc. reported its Q2 2024 financial results, showing a 9% YoY increase in gross profit but a nearly 7% drop in revenue. The company achieved $184.3 million in net revenues and $94.8 million in gross profit. Despite a net loss of $51.2 million, Cresco's shares rose 2.80% to $1.48 per share.

Portfolio Pulse from Jelena Martinovic

August 08, 2024 | 3:56 pm

AAPL

ARM

AVGO

CDNS

DDOG

META

MRVL

MSFT

NVDA

QQQ

SMH

Tech stocks rallied on Thursday, driven by a sharper-than-expected decline in weekly jobless claims, easing recession fears. The Nasdaq 100 index, tracked by Invesco QQQ Trust (QQQ), surged 2.4%, while the VanEck Semiconductor ETF (SMH) rose 4.3%. Leading gainers included ON Semiconductor (ON), Arm Holdings (ARM), Datadog (DDOG), Marvell Technology (MRVL), and Cadence Design Systems (CDNS). Major contributors to the tech index surge were NVIDIA (NVDA), Broadcom (AVGO), Microsoft (MSFT), Meta Platforms (META), and Apple (AAPL).

Portfolio Pulse from Piero Cingari

August 08, 2024 | 3:38 pm

RAMP

LiveRamp shares are trading lower following the release of its Q1 financial results. Additionally, Evercore ISI Group has lowered its price target on the stock from $50 to $40.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:38 pm

CMPO

CompoSecure shares are trading higher following better-than-expected Q2 financial results. Needham maintained a Buy rating and raised its price target from $15 to $16.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:37 pm

GLT

Glatfelter shares are trading higher after the company reported a year-over-year increase in Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:36 pm