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DIS

WBD

Warner Bros. Discovery (NASDAQ:WBD) is facing a $9 billion write-down due to overvaluation of its TV assets from the 2022 merger with Discovery. This has led to a more than 10% drop in its stock price. The company missed its quarterly sales estimates and reported significant losses. CEO David Zaslav has hinted at potential consolidation or selling smaller parts of the company.

Portfolio Pulse from Navdeep Yadav

August 08, 2024 | 10:00 am

APPS

Digital Turbine, Inc. (NASDAQ:APPS) reported better-than-expected Q1 FY25 results, with revenue of $118.0 million beating the consensus of $116.03 million. The company saw growth in both its On Device Solutions and App Growth Platform segments. Adjusted EPS was $0.07, surpassing the consensus of $0.04. The company reaffirmed its FY 2025 revenue and adjusted EBITDA guidance. APPS shares are up 19.7% premarket.

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 9:18 am

ACDC

ProFrac Holding (NASDAQ:ACDC) reported Q2 sales of $579.4 million, missing the analyst consensus estimate of $639.132 million by 9.35%. This represents an 18.3% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:02 am

FUN

Cedar Fair reported Q2 2024 adjusted EPS of $0.40, significantly missing the estimate of $1.12.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:02 am

FUN

Cedar Fair reported Q2 sales of $571.616 million, missing the estimated $772.344 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:01 am

ACVA

ACV Auctions has provided its guidance for Q3 2024 and the full year 2024. The company expects Q3 revenue between $158 million and $162 million, and full-year revenue between $615 million and $625 million. This represents a significant year-over-year increase. Despite expected GAAP net losses, the company anticipates positive non-GAAP net income and adjusted EBITDA for both periods.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:30 am

BIRD

Allbirds has provided its Q3 and full-year 2024 financial outlook. The company expects Q3 net revenue between $40M-$43M, below the $43.53M estimate. For 2024, Allbirds reiterates its revenue guidance of $190M-$210M, with US revenue impacted by store closures and international revenue affected by a shift to a distributor model. The company has also increased its gross margin guidance and tightened its adjusted EBITDA loss range.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:30 am

KIND

Nextdoor Holdings (KIND) has announced that it expects its Q3 revenue to be $62 million, surpassing the estimated $59.5 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:23 am

KRMD

KORU Medical Systems has raised its 2024 revenue guidance to $32.0-$32.5 million, up from the previous range of $31.2-$33.2 million, and expects a gross margin of 61-62%. This represents a year-over-year growth of 12-14%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:20 am

BNGO

Bionano Genomics has revised its 2024 revenue guidance to $36M-$40M, down from the previous $37M-$41M, and below the $38.08M consensus. The company also expects Q3 2024 revenue to be $7.9M-$8.9M, significantly lower than the $10.09M consensus.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:16 am