Streetbeat News

Earnings

CGNX

Cognex Corporation (NASDAQ:CGNX) reported mixed Q2 results, beating earnings estimates but missing on sales. Despite strong performance in Logistics and Semiconductor markets, overall factory automation revenue was weak. Analysts from Needham and Truist Securities lowered their price targets for Cognex. The stock fell 21.2% to $39.08.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 1:24 pm

IYE

XLE

XOM

ExxonMobil reported strong Q2 FY24 results with revenues of $93.060 billion and adjusted net profit of $9.24 billion. The company plans a $19 billion share buyback in FY24 and declared a $0.95 per share dividend. Despite positive earnings, XOM shares are trading lower.

Portfolio Pulse from Lekha Gupta

August 02, 2024 | 1:22 pm

CNK

Cinemark Holdings Inc (NYSE:CNK) reported a fiscal Q2 2024 revenue of $734.2 million, beating analyst estimates. EPS of $0.32 also surpassed expectations. Despite a decline in admissions and concession revenue, the company highlighted the success of 'Inside Out 2'. CNK shares are trading higher by 7.80% premarket.

Portfolio Pulse from Anusuya Lahiri

August 02, 2024 | 1:21 pm

CLAR

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

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:14 pm

DASH

DoorDash, Inc. (NASDAQ:DASH) reported better-than-expected Q2 revenue of $2.63 billion, beating the consensus estimate of $2.54 billion. However, the company reported a quarterly loss of 38 cents per share, missing analyst estimates. Despite the mixed results, analysts from Needham and Truist Securities raised their price targets for DoorDash.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 1:12 pm

CC

Chemours shares are trading lower after the company reported mixed Q2 financial results and issued weak Q3 net sales guidance.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:09 pm

TEAM

Atlassian Corporation (NASDAQ:TEAM) reported better-than-expected Q4 earnings, with EPS of 66 cents beating the estimate of 60 cents and sales of $1.131 billion surpassing the $1.130 billion estimate. Despite positive results, the stock fell 1.9% to $173.24. Analysts revised their price targets: Baird downgraded to Neutral with a target of $175, Goldman Sachs upgraded to Buy with a target of $230, and Truist Securities maintained Hold but cut the target to $160.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 1:05 pm

CIFR

Cipher Mining Inc. (NASDAQ:CIFR) released its unaudited production and operations update for July 2024, reporting 178 BTC mined, 108 BTC sold, and 2,270 BTC held. The company deployed 75,000 mining rigs and achieved a month-end operating hash rate of 8.7 EH/s.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:04 pm

FND

Floor & Decor Holdings shares are trading lower after the company reported mixed Q2 financial results and cut its FY24 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:54 pm

OMI

Owens & Minor Inc. (NYSE:OMI) reported Q2 2024 results with adjusted EPS of $0.36, beating the consensus of $0.33. Sales were $2.671 billion, up 4% year-over-year. The company reaffirmed its 2024 revenue guidance of $10.5 billion-$10.9 billion and adjusted EPS guidance of $1.40-$1.70. Despite the positive results, OMI stock was trading lower by 3.90% premarket.

Portfolio Pulse from Vandana Singh

August 02, 2024 | 12:54 pm