Streetbeat News

Earnings

GWW

W.W. Grainger shares are trading lower after the company reported worse-than-expected Q2 revenue results and cut its FY24 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:51 pm

FTDR

Frontdoor shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:51 pm

FTDR

Frontdoor (NASDAQ:FTDR) reported Q2 2024 adjusted EPS of $1.27, beating the estimate of $1.00. Sales were $542 million, surpassing the $536.74 million estimate and showing a 3.63% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:51 pm

CROX

Crocs, Inc. (NASDAQ:CROX) reported better-than-expected Q2 earnings and sales, but shares fell due to a revenue decline in its HEYDUDE brand and a cautious Q3 forecast. Adjusted EPS was $4.01, beating the $3.56 estimate, and sales were $1.112 billion, surpassing the $1.102 billion consensus. Crocs Brand revenues grew 9.7%, while HEYDUDE Brand revenues fell 17.5%. The company projects Q3 revenue to be down 1.5% to up 0.5% year-over-year, with adjusted EPS between $2.95 and $3.10, below the $3.33 estimate.

Portfolio Pulse from Nabaparna Bhattacharya

August 01, 2024 | 12:51 pm

MBLY

ZK

Mobileye Global Inc (NASDAQ:MBLY) reported a 3% revenue decline in Q2 2024 but beat analyst estimates. Despite this, the stock dipped due to a reduced FY24 outlook and warnings of challenges in the second half. Mobileye and Zeekr (NYSE:ZK) plan to enhance their collaboration in China.

Portfolio Pulse from Anusuya Lahiri

August 01, 2024 | 12:50 pm

PRM

Perimeter Solutions shares are trading higher after the company reported better-than-expected Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:50 pm

STHZF

StateHouse Holdings Inc. (OTCQB: STHZF) reported flat revenue year-over-year for Q1 2024, with net revenues of $25.4 million. The company improved its market presence, climbing from the 8th to the 4th largest California cannabis brand operator. Retail revenues declined, while branded wholesale manufacturing and cultivation revenues increased. Gross profit and margins improved, and adjusted EBITDA turned positive. Kevin K. Albert was appointed to the board of directors.

Portfolio Pulse from Jelena Martinovic

August 01, 2024 | 12:50 pm

SABR

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

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:49 pm

EVGO

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

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:48 pm

IDCC

InterDigital shares are trading higher after the company reported Q2 earnings and raised its FY24 outlook.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:48 pm