Streetbeat News

Earnings

BLDE

Blade Air Mobility Inc (NASDAQ:BLDE) reported Q2 FY23 revenue growth of 71.2% YoY to $60.99 million, beating consensus estimates. However, loss per share fell to $(0.17), missing the consensus of $(0.14). The company's shares are trading lower by 11.1% at $3.55.

Portfolio Pulse from Akanksha Bakshi

August 09, 2023 | 2:57 pm

FLYW

Flywire Corporation's shares are trading higher following the company's Q2 revenue results, which exceeded expectations. Several firms have also increased their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:56 pm

VRTX

Vertex Pharmaceuticals reported better-than-expected Q2 revenue results and issued Q3 revenue guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:53 pm

NVDA

SMCI

NVIDIA shares are trading lower due to weakness in the semiconductor sector, potentially caused by poor earnings from Super Micro Computer.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:50 pm

BKSY

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are down 5% on Wednesday and more than 9% over the last five sessions. The company reported Q2 losses of 10 cents per share, missing the analyst consensus estimate. However, it beat sales estimates with $62.05 million, an 11.85% increase YoY. Rocket Lab also announced a purchase agreement with BlackSky Technology, Inc. (NYSE:BKSY) for five launches and a new launch services agreement with a confidential customer for a NASA mission in 2024.

Portfolio Pulse from Erica Kollmann

August 09, 2023 | 2:49 pm

JAMF

Jamf Holding reported its Q2 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:47 pm

VFF

Village Farms International (NASDAQ:VFF) reported a 7% YoY sales decline in Q2 FY23 to $77.21 million, beating the analyst consensus estimate of $70.78 million. The gross profit jumped 81.8% to $11.4 million, with the margin at 14.8%. Adjusted EBITDA was $4.5 million versus $(10.3) million last year. EPS of $(0.01) beat the consensus of $(0.04). The company held $31.7 million in cash and equivalents as of June 30, 2023. VFF shares were up 10.25% at $0.67 at the time of publication.

Portfolio Pulse from Shivani Kumaresan

August 09, 2023 | 2:47 pm

IAC

IAC's shares are trading lower following the company's Q2 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:44 pm

AMZN

ETSY

SHOP

Etsy Inc's shares fell by over 13% following a weak Q3 guidance, despite better-than-expected Q2 results. Q2 revenue rose by 7.5% YoY to $628.9 million, exceeding Refinitiv’s consensus estimate of $619 million. However, net income contracted by 15.3% YoY to $61.9 million. The company's Q3 revenue is expected to fall short of Refinitiv’s forecast of $632 million. Etsy's CFO cited the return of student loan payments and the elimination of child tax credits as factors that could impact Q3 revenue. The company's unique selling point is its ability to offer personalized products and services, a feature not matched by rivals such as Amazon and Shopify.

Portfolio Pulse from Upwallstreet

August 09, 2023 | 2:42 pm

AEL

BAM

BNRE

Brookfield Asset Management Ltd (BAM) reported Q2 2023 revenues of $985 million, missing the consensus of $1.10 billion. EPS of $0.28 also missed the consensus of $0.32. The company raised $17 billion in Q2 and committed to a $50 billion new investment year-to-date. In July, Brookfield Reinsurance Ltd (BNRE) agreed to acquire American Equity Investment Life Holding (AEL) for ~$4.3 billion. BAM shares are trading higher by 1.88% at $33.61.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 2:41 pm