Streetbeat News

Earnings

MYNA

Mynaric AG has revised its 2024 financial guidance, significantly lowering expected revenue and increasing projected operating losses due to production delays and component shortages.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:18 am

FUTU

Futu Holdings reported significant growth in Q2 2024, with a 28.8% increase in paying clients, a 24.4% rise in daily average client assets, and a 69% surge in trading volume year-over-year. The company also saw substantial growth in registered clients, users, and margin financing.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:09 am

FUTU

Futu Holdings reported a year-over-year increase in its Q2 adjusted earnings per ADS to $1.19 from $1.09, and sales rose to $400.73 million from $317.10 million.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:05 am

FUTU

Futu Holdings reported a year-over-year increase in Q2 sales, reaching $400.73 million, up from $317.10 million.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:02 am

API

Agora reported its Q3 adjusted EPADS at $(0.06), an improvement from $(0.16) year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:15 am

API

Agora (NASDAQ:API) reported a 2.30% decrease in Q3 sales, with $34.21 million compared to $35.02 million last year.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:11 am

ALTS

ALT5 Sigma Corporation (NASDAQ:ALTS) reported Q2 fintech revenues of $2.17M and an EPS of $0.07. The company showed significant growth in net income and gross profit, indicating strong financial performance.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:01 am

SSL

Sasol Ltd reported a significant decline in its 2024 financial performance, with EBIT dropping over 100% year-over-year and EPS declining by 66%. The company also reduced its interim and final dividends.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:40 am

ALC

EL

LOW

MDT

ZIM

The S&P 500 and Nasdaq extended their gains for the eighth consecutive session, despite the CNN Money Fear and Greed index remaining in the 'Fear' zone. Estee Lauder's shares fell over 2% after Q4 results, while ZIM Integrated Shipping Services saw a 16.7% rise following strong Q2 results and raised FY24 guidance. Investors are awaiting earnings from Lowe’s, Medtronic, and Alcon.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 6:40 am

ALC

FLNT

LOW

MDT

PANW

Investors are focusing on several stocks today, including Lowe's, Palo Alto Networks, Medtronic, Fluent, and Alcon. Lowe's is expected to report earnings, Palo Alto Networks exceeded expectations and increased its buyback authorization, Medtronic and Alcon are set to release earnings, and Fluent reported disappointing results.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 6:36 am