Streetbeat News

Earnings

MGA

Magna International (NYSE:MGA) shares fell after the company reported Q2 earnings that missed expectations and revised its FY24 sales outlook downward. The company cited lower vehicle assembly volumes and currency impacts as reasons for the miss. Despite the lower sales forecast, Magna expects margin expansion and strong free cash flow growth.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 3:21 pm

SNDL

SNDL shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:16 pm

GDYN

Grid Dynamics Holdings shares are trading lower following the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:15 pm

ZIMV

ZimVie shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:15 pm

BFAM

CLX

DASH

EZPW

FDP

FTEL

GDDY

IAS

ICFI

LAB

MELI

TNDM

WLDN

MercadoLibre, Inc. (NASDAQ:MELI) reported strong quarterly financial results, leading to a 9.6% increase in its stock price. Other companies such as Fitell Corporation (NASDAQ:FTEL), Tandem Diabetes Care, Inc. (NASDAQ:TNDM), and Integral Ad Science Holding Corp. (NASDAQ:IAS) also saw significant gains following better-than-expected earnings and guidance.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 3:10 pm

ACLS

ADI

AMBA

ASX

AVGO

INTC

Shares of semiconductor stocks are trading lower in sympathy with Intel, which reported worse-than-expected Q2 financial results and issued soft guidance.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:10 pm

FDP

Fresh Del Monte Produce shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:08 pm

ATRO

Astronics shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:08 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower ahead of its second-quarter earnings report, which is expected to be released on Monday after the closing bell. Analysts predict earnings of 8 cents per share and revenue of $652.141 million. The stock is down 7.63% amid broader market declines and economic slowdown concerns. Wedbush analyst Dan Ives maintains an Outperform rating with a $35 price target, highlighting Palantir's potential in the AI sector.

Portfolio Pulse from Erica Kollmann

August 02, 2024 | 3:05 pm

BZH

Beazer Homes shares are trading lower after the company reported worse-than-expected Q3 sales results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:02 pm