Streetbeat News

Earnings

INTC

LRCX

Lam Research (LRCX) shares are trading lower by 6.5% due to Intel's weaker-than-expected Q2 results, which also led to a 27% drop in Intel's stock. Intel's financial struggles could impact its suppliers, including Lam Research.

Portfolio Pulse from Henry Khederian

August 02, 2024 | 4:23 pm

NET

Cloudflare, Inc. (NYSE:NET) shares are trading higher after the company reported strong Q2 earnings and issued upbeat guidance. The company beat analyst estimates on both EPS and revenue, and several analysts have adjusted their price targets following the report.

Portfolio Pulse from Dylan Berman

August 02, 2024 | 4:21 pm

ASUR

Asure Software shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:20 pm

ACA

Arcosa shares are trading lower after the company reported Q2 financial results and announced the acquisition of Stavola Holding's construction materials business.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:20 pm

IRTC

iRhythm Technologies shares are trading lower after the company reported Q2 financial results. Additionally, multiple firms have lowered their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:16 pm

SQ

Block, Inc. (NYSE:SQ) reported its 2024 fiscal year second quarter earnings, missing analyst estimates for both EPS and revenue. The company also announced a $3 billion share repurchase program. Despite initial gains, the stock reversed and is trading lower.

Portfolio Pulse from Dylan Berman

August 02, 2024 | 4:14 pm

TIGO

Millicom International Cellular S.A. (NASDAQ:TIGO) shares rose after billionaire Xavier Niel increased his bid to $4.4 billion. Despite missing quarterly earnings estimates, the company highlighted significant progress in its transformation efforts aimed at increasing equity free cash flow.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 4:12 pm

CMLS

Cumulus Media shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:10 pm

AXTI

AXT shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:09 pm

COST

GILD

MMC

ON

QS

Benzinga's Stock Whisper Index highlights five stocks that are gaining interest among investors: Gilead Sciences, QuantumScape, Marsh & McLennan Corporation, ON Semiconductor, and Costco Wholesale Corporation. Key updates include Gilead's HIV treatment data, QuantumScape's earnings miss and liquidity update, Marsh & McLennan's acquisition, ON Semiconductor's earnings beat and supply agreement, and Costco's membership fee hike.

Portfolio Pulse from Chris Katje

August 02, 2024 | 4:09 pm