Streetbeat News

Earnings

CVS

CVS Health Corp (NYSE:CVS) reported mixed Q2 earnings, missing revenue expectations but beating EPS estimates. The company lowered its 2024 outlook and announced leadership changes in its Health Care Benefits segment. CVS stock has been volatile, with a slight premarket increase.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 1:04 pm

ABNB

Airbnb (NASDAQ:ABNB) reported weaker-than-expected Q2 earnings and issued lower-than-expected Q3 revenue guidance. Despite a 10.63% increase in sales, the company's EPS missed estimates. Analysts have subsequently lowered their price targets for the stock.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 1:03 pm

SU

Suncor Energy shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:03 pm

AZPN

Aspen Technology shares are trading higher after the company reported better-than-expected Q4 financial results and issued strong guidance.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:01 pm

WIX

Wix.com shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:00 pm

YOU

In the past three months, 5 analysts have provided ratings for Clear Secure (NYSE:YOU), ranging from bullish to bearish. The majority of ratings are bullish or somewhat bullish. Analysts have maintained their 12-month price targets, with an average target of $37.6. Clear Secure has shown strong financial performance with significant revenue growth, high net margin, and strong ROE and ROA, but faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 1:00 pm

DIS

Disney's CFO reported that bundling their streaming services has positively impacted cancellation rates. Additionally, advertising revenue increased by 8% for the quarter, which was described as 'very healthy' during a conference call.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:59 pm

ABNB

CYRX

LYFT

TRIP

Airbnb, Inc. (ABNB) reported weak earnings, causing its shares to dip 15.8% in pre-market trading. Other companies like Cryoport, Inc. (CYRX), Tripadvisor, Inc. (TRIP), and Lyft, Inc. (LYFT) also saw significant declines due to disappointing quarterly results.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 12:56 pm

GEO

The GEO Group, Inc. (NYSE:GEO) shares are trading higher after reporting mixed Q2 FY24 results. Revenue missed estimates, but adjusted EPS exceeded expectations. The company completed a comprehensive refinancing of its debt and received a task order from ICE. GEO revised its FY24 outlook, lowering EPS and EBITDA projections.

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 12:55 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) reported better-than-expected Q2 results, with losses of 17 cents per share beating estimates by 56.41% and revenue of $128 million surpassing estimates by 2.78%. The company issued Q3 revenue guidance of $150 million, above the $124.5 million estimate. Analysts have raised their price targets, with Piper Sandler increasing from $28 to $31 and Citigroup upgrading from Sell to Neutral and raising the target from $15 to $33.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 12:54 pm