Streetbeat News

Earnings

GOGO

Gogo Business Aviation (NASDAQ:GOGO) has announced a delay in the launch of its Gogo 5G system due to a design error in a non-5G component of its chip. The delay is expected to reduce 2023 revenue by approximately $7 million and defer about $13 million in operating and capital expenses from 2023 into 2024. Despite the delay, Gogo remains confident in its 5G product and plans to launch it in mid-2024.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 3:52 pm

GTLS

Chart Industries reported strong Q2 earnings per share (EPS) results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:49 pm

PFG

Principal Financial Group's shares are trading lower following the company's worse-than-expected Q2 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:48 pm

MTH

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

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:47 pm

SKX

Skechers shares are trading higher following the company's Q2 results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:45 pm

LPLA

LPL Financial Holdings reported its Q2 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:45 pm

NWL

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

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:45 pm

GNTX

Gentex Corp reported Q2 FY23 sales growth of 26% YoY to $583.47 million, beating the analyst consensus. Automotive net sales improved by 27% and light vehicle production increased by 18%. The company repurchased 0.9 million shares of its common stock during Q2. Gentex expects FY23 revenue of about $2.2 billion - $2.3 billion.

Portfolio Pulse from Shivani Kumaresan

July 28, 2023 | 3:44 pm

OVV

Ovintiv Inc. reported its Q2 financial results, which led to an increase in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:39 pm

ERIE

Erie Indemnity Company's shares are trading higher following the release of its Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:38 pm