Streetbeat News

Earnings

VMEO

Vimeo shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:20 pm

CERS

CHGG

HPAI

MFG

MUFG

SE

SMFG

TDC

ZI

ZoomInfo Technologies Inc. (NASDAQ:ZI) reported weak Q2 results and announced a CFO transition, leading to a 15.2% decline in pre-market trading. Chegg Inc. (NYSE:CHGG) shares fell 18.7% following their Q2 results. Other notable pre-market declines include Helport AI (NASDAQ:HPAI), Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG), Teradata Corporation (NYSE:TDC), Mizuho Financial Group, Inc. (NYSE:MFG), Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG), Cerus Corp (NASDAQ:CERS), and Sea Limited (NYSE:SE).

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 12:20 pm

YOU

Clear Secure shares are trading lower despite the company reporting better-than-expected Q2 financial results and issuing Q3 revenue guidance above estimates. The company also reported a year-over-year increase in Q2 bookings.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:19 pm

SIBN

SI-BONE, Inc. (NASDAQ:SIBN) reported a Q2 loss of 22 cents per share, beating the analyst consensus estimate of 28 cents per share. Quarterly sales were $39.969 million, surpassing the estimate of $38.319 million. Despite strong operating results and increased revenue guidance for 2024, shares fell 4.8%. Analysts from Needham and Truist Securities lowered their price targets.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 12:19 pm

ADTN

ADTRAN Holdings shares are trading lower after the company reported mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:17 pm

EVER

EverQuote shares surged after the company reported strong Q2 financial results and issued optimistic Q3 revenue guidance. Needham maintained a Buy rating and raised its price target from $30 to $38.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:16 pm

CRBP

Corbus Pharmaceuticals (NASDAQ:CRBP) reported a Q2 EPS of $(0.90), beating the analyst estimate of $(1.26) by 28.57%. This represents a 56.1% improvement over the $(2.05) loss per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:15 pm

COGT

Cogent Biosciences (NASDAQ:COGT) reported a Q2 EPS of $(0.59), missing the analyst consensus estimate of $(0.56) by 5.36%. This result is unchanged from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:15 pm

CSTL

Castle Biosciences shares are trading higher after the company reported better-than-expected Q2 financial results and increased its FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:15 pm

ARBE

Arbe Robotics Ltd. (ARBE) has announced its expected adjusted EBITDA for 2024, which is projected to be between ($30) million and ($36) million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:13 pm