Streetbeat News

Earnings

GOGO

Gogo Inc's shares fell in premarket trading after reporting mixed Q2 results and a cut in annual revenue outlook. The company reported a 6% YoY revenue growth to $103.2 million, slightly missing the consensus of $103.25 million. Adjusted EBITDA grew by 7% YoY to $44.1 million and EPS of $0.67 beat the consensus of $0.13. The company cut its FY23 revenue outlook to $410 million - $420 million from the previous $440 million - $455 million.

Portfolio Pulse from Anusuya Lahiri

August 07, 2023 | 12:37 pm

MGA

Magna International Inc (NYSE:MGA) reported better-than-expected Q2 FY23 results and raised its FY23 revenue guidance above estimates. Despite this, Magna shares fell 3.4% to close at $60.90 on Friday. Post earnings, Wells Fargo and BMO Capital raised their price targets on Magna.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 12:32 pm

BABA

SYK

WYNN

On CNBC's 'Halftime Report Final Trades', Alibaba Group Holding Limited (BABA), Stryker Corporation (SYK), and Wynn Resorts, Limited (WYNN) were named as final trades. Alibaba showcased two large language models based on its pre-trained model framework. Stryker reported Q2 sales of $5 billion, beating the consensus of $4.83 billion. Wynn Resorts is scheduled to release earnings this week. Wynn Resorts shares fell 1.4%, Stryker shares rose 2.9%, and Alibaba shares fell 0.7% on Friday.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 12:32 pm

AGM

Federal Agricultural (NYSE:AGM) reported Q2 earnings of $3.86 per share, beating the analyst consensus estimate of $3.10 by 24.52%. This is a 36.4% increase from the same period last year. The company also reported quarterly sales of $86.82 million, beating the analyst consensus estimate of $77.32 million by 12.29%, a 13.19% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:23 pm

BNTX

BioNTech's Q2 earnings per share (EPS) and sales results have decreased year-over-year, leading to a drop in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:23 pm

RMD

ResMed shares are trading higher, possibly rebounding after the stock dipped last week due to worse-than-expected Q4 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:22 pm

WTM

White Mountains Insurance (NYSE:WTM) reported Q2 earnings of $7.65 per share, a 113.01% increase YoY. The company also reported $378.40 million in sales, a 393.35% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:21 pm

TSN

Tyson Foods reported worse-than-expected Q3 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:20 pm

KROS

Keros Therapeutics reported Q2 losses of $(1.27) per share, beating the analyst consensus estimate of $(1.34) by 5.22 percent. However, this represents a 12.39 percent increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:19 pm

TELL

Tellurian reported Q2 losses of $0.11 per share, missing the analyst consensus estimate of $0.07 by 57.14%. The company's quarterly sales were $31.90 million, missing the analyst consensus estimate of $63.44 million by 49.72%. This represents a 48.00% decrease over sales of $61.35 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:18 pm