Streetbeat News

Earnings

DFH

Dream Finders Homes reported strong Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:51 pm

PYPL

PayPal Holdings Inc's shares are trading lower by 0.75% to $63.70. Evercore ISI Group analyst David Togut downgraded the company from Outperform to In-Line and lowered the price target from $85 to $65. The stock has fallen 15% over the past five sessions after the company reported a sequential decline in active accounts and second-quarter earnings. However, PayPal reported quarterly earnings of $1.16 per share, beating the analyst consensus estimate of $1.05 by 10.48% and a 24.73% increase over earnings from the same period last year.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 3:50 pm

ACMR

ACM Research, Inc. (NASDAQ:ACMR) reported Q2 revenues of $144.58 million, missing the analyst consensus of $113.32 million, a 38.5% Y/Y increase. The company's adjusted EPS was $0.48, beating the street view of $0.10. The company expects growth in 2023, driven by investments from China-based customers. ACMR shares are trading higher by 0.96% to $12.09.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 3:50 pm

IRTC

iRhythm Technologies reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:49 pm

PSA

Public Storage reported a miss on Q2 revenue, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:48 pm

BIO

Bio-Rad Laboratories reported better-than-expected Q2 EPS results and issued FY23 guidance, leading to a rise in its share price. RBC Capital also raised its price target for the company from $522 to $524.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:48 pm

AAPL

AMZN

BAC

NVDA

QQQ

SPY

Nvidia Corp's stock is trading higher following Apple Inc's reported Q3 EPS of $1.26 on revenue of $81.8 billion, driven by solid Service sector growth and robust iPhone sales. Amazon.Com, Inc also reported a robust Q2, with a revenue growth of 11% YoY to $134.4 billion, beating the consensus estimate. Bank Of America Corp's CEO dismissed recession forecasts, citing strength in the jobs market and robust consumer spending. Broader index ETFs SPDR S&P 500 and Invesco QQQ Trust, Series 1 are trading in the green.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 3:48 pm

EXPE

Expedia Group's shares are trading higher, rebounding after a fall on Thursday due to worse-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:48 pm

DFH

Dream Finders Homes (NASDAQ:DFH) reported Q2 earnings of $0.65 per share, beating the analyst consensus estimate of $0.34 by 91.18%. This is an 8.33% increase from the same period last year. The company also reported quarterly sales of $945.34 million, beating the analyst consensus estimate of $666.68 million by 41.80%. This is a 19.19% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:48 pm

DKNG

DraftKings CEO Jason Robins appeared on CNBC to discuss the company's earnings and plans for nationwide sportsbook expansion.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 3:48 pm