Streetbeat News

Earnings

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) announced its production and operations updates for July 2023. The company produced 410 Bitcoins, held 7,275 Bitcoins, and sold 400 Bitcoins at an average net price of $30,293 per Bitcoin. The company's deployed hash rate was 10.7 EH/s and it had 95,904 deployed miners. Riot's power strategy generated $6.4 million in power credits and $1.8 million in demand response credits. The company is in the process of repairing damage incurred in Building G during the severe winter storm in Texas in December 2022, and now anticipates achieving a total self-mining hash rate capacity of 12.5 EH/s at its Rockdale Facility in the second half of 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:26 pm

USEA

United Maritime (NASDAQ:USEA) reported Q2 losses of $(0.25) per share and sales of $10.01 million.

Portfolio Pulse from bharat@benzinga.com

August 04, 2023 | 1:26 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) reported Q2 financial results, beating estimates with $486 million in revenue and 3 cents EPS. However, the company's shares are trading lower. Total net revenues increased 53% YoY and 10% sequentially, while transaction-based revenues fell 7% QoQ. The company ended the quarter with $5.8 billion in cash and equivalents. Barclays and Citigroup analysts maintained their ratings but raised the price target for Robinhood.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 1:26 pm

FVRR

Fiverr International Ltd reported Q2 FY23 sales growth of 5.1% YoY to $89.4 million, slightly above the consensus of $89.2 million. Non-GAAP gross margin expanded by 150 bps to 84.2%, and the adjusted EBITDA margin expanded by 1,170 bps to 17.1%. The company raised its FY23 revenue and adjusted EBITDA outlook. FVRR shares are trading higher by 5.43% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:26 pm

DXC

FARO

In Thursday's pre-market session, several IT stocks showed significant movement. Faro Technologies, Datasea, Zeta Global Holdings, Rackspace Tech, Oblong, and Fastly saw increases in their share prices, with Faro Technologies leading with a 15.3% increase. On the other hand, DXC Technology, Neonode, WaveDancer, Inpixon, DatChat, and Nano Labs experienced decreases, with DXC Technology seeing the largest drop of 24.1%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:25 pm

W

Wayfair Inc (NYSE:W) reported a Q2 FY23 sales decline of 3.4% YoY to $3.17 billion, beating the consensus of $3.10 billion. International net revenue fell 20.9% to $386 million, while U.S. revenue declined 0.4% to $2.8 billion. The number of active customers decreased by 7.6% YoY. Adjusted EPS of $0.21 beat the analyst consensus of $(0.67). The company held over $1.3 billion in cash and equivalents. Wayfair's shares are trading higher by 8.84% at $79.33 premarket.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:25 pm

SAVA

Cassava Sciences reported Q2 losses of $0.63 per share, missing the analyst consensus estimate of $0.59 by 6.78%. This represents a 31.25% increase in losses compared to the same period last year.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:25 pm

TRC

Tejon Ranch (NYSE:TRC) reported Q2 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.02) by 150 percent. However, the company's quarterly sales of $6.10 million missed the analyst consensus estimate of $9.52 million by 35.95 percent.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:25 pm

SNDR

Schneider National reported Q2 earnings of $0.45 per share, beating the analyst consensus estimate of $0.44 by 2.27%. However, the company's quarterly sales of $1.35 million missed the analyst consensus estimate of $1.49 billion by 99.91%. This represents a 37.5% decrease in earnings and a 99.92% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:25 pm

ARAV

BJDX

SDGR

TTOO

In Thursday's pre-market session, several healthcare stocks saw significant movement. Bluejay Diagnostics, T2 Biosystems, Biomerica, Adamis Pharmaceuticals, Assure Hldgs, and TC BioPharm saw gains, while Aravive, Vicarious Surgical, Bio-Path Hldgs, Schrodinger, Outset Medical, and Staar Surgical experienced losses. The Q2 earnings reports for Schrodinger, Outset Medical, and Staar Surgical were released yesterday.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:25 pm