Streetbeat News

Earnings

ELA

Envela's shares are trading lower after the company reported a miss on its Q2 earnings per share (EPS).

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:05 pm

CTSO

Zacks Small-Cap Research has set a $6 price target for CytoSorbents (CTSO), following the company's Q2 2023 financial and operating results. The results showed strong product revenue growth and an improved cost structure.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:05 pm

DASH

DoorDash's shares are trading higher after the company reported a Q2 revenue beat.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:05 pm

OM

Outset Medical Inc (NASDAQ:OM) has paused the shipment of TabloCart with Prefiltration, pending the FDA's clearance of a 510(k) the company plans to submit later this month. Despite this, Q2 revenue increased 43.8% to $36.0 million, beating the consensus of $35.18 million. The company reiterated its 2023 revenue guidance range of $144 million-$150 million, but now expects to be at the low end due to the shipment pause. OM shares are down 9.76% at $17.47.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 2:05 pm

PH

Parker-Hannifin Corporation's shares are trading higher following the announcement of strong Q4 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:04 pm

SPKY

SPY

UVXY

Ahead of Apple and Amazon's earnings reports, the SPDR S&P 500 (NYSE:SPY) opened lower, while the CBOE Volatility Index (CBOE: VIX) surged over 10%. The ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) was trading over 3% higher after closing up 14% the previous day. SPKY, a 1.5x leveraged fund, tracks the SPIKES Futures Short-Term Index and measures volatility in a similar way to the ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 2:04 pm

CHRS

Coherus BioSciences reported better-than-expected Q2 financial results and issued FY23 net product revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:04 pm

CI

Cigna's shares have dropped following the company's report of an increased Q2 medical cost ratio.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:04 pm

FVRR

Fiverr International reported better-than-expected Q2 financial results and issued positive guidance for Q3 and FY23, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:04 pm

AMD

QCOM

AMD shares are trading higher as the stock rebounds after falling on its recent earnings report. The chips sector may also be reacting to Qualcomm's earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:03 pm