Streetbeat News

Earnings

MGNI

Magnite Inc's shares fell by around 35% after Q2 FY23 results, despite beating estimates. The company reported Q2 adjusted EPS of $0.09 and sales of $152.50 million. However, several analysts reduced the price target following the results. Stephens & Co., RBC Capital Markets, and B. Riley Securities all lowered their price targets for the company. The analysts cited softer CTV revenues and the impact of the MediaMath bankruptcy as reasons for the reduction.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 6:52 pm

CENX

Century Aluminum's shares have dropped following the release of their Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 6:41 pm

SSKN

Strata Skin Sciences' shares have dropped due to a Q2 earnings miss.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 6:32 pm

META

TTD

Trade Desk Inc (TTD) reported 2Q results ahead of expectations, with its 3Q guide slightly above expectations. Analysts have mixed sentiments about the company's valuation and the adoption of UID2. While some analysts maintained a Market Perform, Outperform, or Buy rating, others maintained a Sell rating. The company's shares traded lower by 4.63% at $77.18 on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

August 10, 2023 | 6:21 pm

BFRI

Biofrontera (NASDAQ:BFRI) is set to release its latest quarterly earnings report on August 11, 2023. Analysts estimate an earnings per share (EPS) of $-5.14. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Shares are currently trading at $10.84 and have seen a 63.48% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 6:00 pm

IPAR

DA Davidson analyst Linda Bolton Weiser reiterated a Buy rating on Inter Parfums Inc (NASDAQ:IPAR) with a price target of $187. The company reported 2Q23 sales of $309 million, a 26% increase Y/Y. EPS of $1.09 was above the consensus. The strong performance was driven by both European and U.S. operations. The company raised the FY23 EPS guidance to $4.55 from $4.25 and maintained its sales guidance of $1.30 billion. IPAR shares are trading higher by 0.81% at $136.06.

Portfolio Pulse from Shivani Kumaresan

August 10, 2023 | 5:53 pm

RIOT

Riot Platforms' shares are trading lower after the company reported a Q2 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:52 pm

MARA

Marathon Digital Holdings reported a Q2 earnings miss, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:49 pm

GOCO

HCI

OSCR

ROOT

SLQT

TRUP

UIHC

VERY

Insurance stocks experienced significant movement during Thursday's intraday session. United Insurance Holdings, GoHealth, Heritage Insurance Hldgs, Huize Holding, Kingstone Companies, and Donegal Gr saw gains, with United Insurance Holdings leading with a 10.54% increase. On the other hand, Oscar Health, Vericity, Trupanion, HCI Group, SelectQuote, and Root experienced losses, with Oscar Health leading the decline with a 9.08% decrease. Most of these movements are associated with the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:40 pm

BLNK

Blink Charging's stock is trading lower, possibly due to a pullback after recent gains following its Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:31 pm