Streetbeat News

Earnings

ELY

Callaway Golf Company, which owns Topgolf, reported mixed Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:52 pm

GDRX

GoodRx has issued Q3 total revenue guidance below estimates and cut the top end of FY23 total revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:52 pm

DIS

The Walt Disney Company (NYSE:DIS) is set to release its quarterly earnings results after the closing bell on Wednesday. The options market is implying a move of around +/-5.5% following the release, which is down from the 6% average move recorded over the past eight quarters. Analysts expect Disney to report earnings of 97 cents per share on revenue of $22.48 billion for the latest quarter.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 12:51 pm

MQ

Marqeta reported mixed Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:50 pm

PENN

PENN Entertainment reported better-than-expected Q2 financial results and announced an exclusive U.S. online sports betting agreement with ESPN. This has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:50 pm

SPLP

Steel Partners Holdings (NYSE:SPLP) reported Q2 earnings of $2.44 per share, a decrease of 30.68% YoY. However, the company's sales increased by 13.48% YoY to $500.93 million.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:49 pm

DOCS

Doximity has issued Q2 and FY23 revenue guidance below estimates, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:49 pm

NVEI

Nuvei reported mixed Q2 financial results and issued Q3 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:48 pm

PUBM

PubMatic, Inc. (NASDAQ:PUBM) reported better-than-expected Q2 sales but issued a weak revenue forecast for Q3. The company's Q2 sales were $63.33 million, beating estimates of $59.89 million. However, its Q3 revenue forecast of $58 million to $61 million fell short of expectations of $65.93 million. Following the announcement, PubMatic's shares dipped 19% and analysts from Raymond James, Macquarie, and Oppenheimer revised their price targets and ratings.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 12:46 pm

CELH

PEP

Celsius Holdings Inc (NASDAQ:CELH) reported better-than-expected Q2 financial results, with revenues of $326 million and EPS of 52 cents, beating estimates. The company's total revenue was up 112% YoY, with international revenue increasing by 76% and North America revenue up by 114%. The company attributed its strong growth to gains in distribution points, increased SKUs per location, Club Channel growth, and increased sales and marketing investments. Celsius also leveraged PepsiCo Inc's (NASDAQ:PEP) distribution system. The company ended the quarter with $681 million in cash and equivalents.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 12:46 pm