Streetbeat News

Earnings

COIN

Coinbase Global Inc (NASDAQ: COIN) shares dropped in early trading on Friday following mixed analyst reviews. Piper Sandler, JPMorgan, and JMP Securities provided varied ratings and price targets, highlighting challenges such as margin contraction and lower-than-expected earnings, but also noting strong revenue performance and positive adjusted EBITDA.

Portfolio Pulse from Priya Nigam

August 02, 2024 | 4:44 pm

FYBR

Frontier Communications Parent shares are trading lower after the company reported mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:44 pm

DKNG

DraftKings Inc (NASDAQ: DKNG) reported a Q2 earnings miss, leading to a significant drop in its stock price. Despite the miss, several analysts maintained their Buy ratings but adjusted their price targets. The company raised its revenue guidance but lowered its EBITDA guidance, citing higher promotion costs and customer-friendly outcomes. A proposed surcharge on winnings in high-tax jurisdictions is seen as a potential risk to market share.

Portfolio Pulse from Priya Nigam

August 02, 2024 | 4:43 pm

MMSI

Merit Medical Systems shares are trading higher after the company reported better-than-expected Q2 financial results. Additionally, Needham and Piper Sandler raised their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:43 pm

INTC

Intel Corporation (NASDAQ: INTC) shares are plummeting after the company reported worse-than-expected Q2 results, including a 0.9% decrease in sales and earnings of 2 cents per share. The company also suspended its quarterly dividend and announced a $10 billion cost-reduction plan, which includes a headcount reduction of over 15%. Analysts have downgraded the stock and lowered price targets. Intel's stock has lost 39.74% year-to-date and is currently oversold with an RSI of 18.35.

Portfolio Pulse from Erica Kollmann

August 02, 2024 | 4:42 pm

RARE

Ultragenyx Pharmaceuticals shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates. Additionally, Cantor Fitzgerald and Wedbush raised their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:36 pm

APO

Apollo Global Management shares are trading lower following mixed Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:34 pm

ICFI

ICF International shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY24 EPS guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:28 pm

META

Meta Platforms Inc (NASDAQ:META) has achieved a significant milestone with its social media platform, Threads, reaching 200 million active users. This growth highlights Meta's continued dominance in the social media space. The company plans to leverage its digital advertising success to offer more targeted ads on Threads. Despite this achievement, META shares traded lower by 1.39% at $490.84.

Portfolio Pulse from Anusuya Lahiri

August 02, 2024 | 4:27 pm

CLPR

Clipper Realty shares are trading higher after the company reported better-than-expected Q2 revenue and FFO results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:25 pm