Streetbeat News

Earnings

DIS

Disney reported Q3 2024 earnings with revenue and EPS beating analyst estimates. The streaming business turned profitable, and ESPN revenue saw a significant boost. The company expects strong EPS growth and continued profitability in streaming.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 12:30 pm

SPLP

Steel Partners reported Q2 revenue of $533.2 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:30 pm

CNDT

Conduent has revised its 2024 revenue expectations to $3.325 billion to $3.375 billion, down from the previous estimate of $3.60 billion to $3.70 billion. The company also reported its FY 2023 actual revenue at $3.466 billion and adjusted EBITDA margin at 7.6%, with a 2024 outlook of 4% to 5%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:30 pm

CRCT

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

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:30 pm

ZLAB

Zai Lab shares are trading higher following the company's better-than-expected Q2 sales results. The company also anticipates substantial topline growth and aims to achieve profitability by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:28 pm

CLNN

Clene (NASDAQ:CLNN) reported Q2 2024 adjusted EPS of $(1.06), beating the $(1.49) estimate, but sales of $91.00K missed the $100.00K estimate. Sales decreased by 66.17% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:27 pm

REAX

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

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:26 pm

LAZR

Luminar Technologies shares are trading lower after the company reported worse-than-expected Q2 sales results. Additionally, Rosenblatt maintained a Neutral rating on the stock and lowered its price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:25 pm

AWAY

TRIP

Tripadvisor, Inc. (NASDAQ:TRIP) shares are trading lower premarket after the company reported mixed second-quarter FY24 results. While adjusted earnings per share of $0.39 beat expectations, revenues of $497 million missed the consensus estimate. Brand Tripadvisor sales and adjusted EBITDA declined, but Viator revenue showed growth. The company repurchased 1.366 million shares and holds $1.2 billion in cash. TRIP shares are down 14.4% premarket. Investors can also gain exposure via Amplify Travel Tech ETF (NYSE:AWAY).

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 12:24 pm

APEI

American Public Education shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:24 pm