Streetbeat News

Earnings

ROKU

Roku, Inc. (NASDAQ:ROKU) shares surged after the company reported better-than-expected Q2 financial results. The company posted a loss of 24 cents per share, beating the analyst estimate of a 43-cent loss. Quarterly sales reached $968.18 million, surpassing the $937.89 million estimate and marking a 14.28% year-over-year increase. Roku also reported growth in streaming households and hours, with a flat ARPU. The company expects Q3 revenue of $1.01 billion and gross profit of $440 million.

Portfolio Pulse from Erica Kollmann

August 01, 2024 | 8:51 pm

AAPL

QQQ

SPY

Apple reported Q3 earnings that exceeded expectations, with revenue and EPS both surpassing forecasts. The company highlighted strong performance across product categories and introduced a new AI platform. Apple shares rose 0.96% in after-hours trading.

Portfolio Pulse from Shanthi Rexaline

August 01, 2024 | 8:51 pm

CTRA

Coterra Energy shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:50 pm

LVLU

Lulu's Fashion Lounge has released its preliminary Q2 2024 revenue estimates, expecting net revenue between $90.5 million and $91.5 million, a decline of approximately 14.7% to 13.8% compared to the same period last year. Adjusted EBITDA is expected to be between ($0.9) million and ($0.2) million, down from $4.2 million last year. The company also anticipates a pre-tax loss of $5.2 million to $4.5 million, compared to $1.7 million last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:50 pm

CLX

Clorox shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results and issued FY24 adjusted EPS guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:50 pm

DRH

Diamondrock Hospitality (NYSE:DRH) reported Q2 2024 earnings per share of $0.34, beating the analyst estimate of $0.32. The company also reported sales of $309.280 million, surpassing the estimate of $301.770 million and showing a 6.19% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:50 pm

TVTX

Travere Therapeutics (NASDAQ:TVTX) reported Q2 2024 adjusted EPS of $(0.65), beating the $(0.86) estimate. Sales were $52.176M, surpassing the $50.169M estimate. Despite a year-over-year sales decline, the results were better than expected.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:49 pm

LASR

nLight (NASDAQ:LASR) reported Q2 2024 adjusted EPS of $(0.10), beating the estimate of $(0.13). Sales were $50.511M, surpassing the $49.147M estimate but down 5.24% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:49 pm

RMD

ResMed shares are trading lower following the company's Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:49 pm

RKT

Rocket Companies reported strong Q2 earnings with revenue and EPS beating estimates. The company saw a 10.4% increase in closed loan origination volume and expects Q3 revenue between $1.15 billion and $1.3 billion. Rocket will host its first Investor Day on Sept. 10.

Portfolio Pulse from Chris Katje

August 01, 2024 | 8:49 pm