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Earnings

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Nvidia's recent earnings report, which exceeded expectations, led to mixed responses among ETFs associated with the company. While some ETFs like GraniteShares 2x Long NVDA Daily ETF and Direxion Daily NVDA Bull 2X Shares saw declines, others like T-Rex 2X Inverse NVIDIA Daily Target ETF and Direxion Daily Semiconductor Bull 3X Shares experienced gains. Nvidia's strong data center revenue was a highlight, but a contraction in gross margin led to a drop in Nvidia's shares in after-hours trading.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 10:15 am

CM

Canadian Imperial Bank reported a strong Q3 performance with adjusted EPS of $1.41, surpassing the estimate of $1.29. Sales also exceeded expectations, coming in at $4.83 billion against the forecasted $4.67 billion.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 10:13 am

ATAT

Atour Lifestyle Holdings reported Q2 earnings per share of $0.32, meeting analyst expectations, and sales of $247.28 million, surpassing estimates by 7.96%. This marks a significant year-over-year growth in both earnings and sales.

Portfolio Pulse from totan@benzinga.com

August 29, 2024 | 10:08 am

AAPL

NVDA

Nvidia's Q2 earnings exceeded expectations, but shares fell due to a shift in sentiment. Analyst Dan Ives compares this to Apple's post-WWDC 2024 stock performance, emphasizing the importance of demand, guidance, and growth. Nvidia's future production plans are generating strong customer anticipation.

Portfolio Pulse from Ananya Gairola

August 29, 2024 | 10:08 am

CCG

Cheche Group (NASDAQ:CCG) reported a Q2 EPS loss of $(0.02) and sales of $117.22 million.

Portfolio Pulse from totan@benzinga.com

August 29, 2024 | 10:03 am

GMS

GMS reported Q1 2025 earnings per share of $1.93, missing the analyst estimate of $2.14. Sales were $1.448 billion, below the expected $1.484 billion, but up 2.73% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 10:03 am

CM

Canadian Imperial Bank reported Q3 earnings per share of $1.41, surpassing the estimate of $1.29. The bank's sales also exceeded expectations, reaching $4.83 billion compared to the estimated $4.67 billion.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:58 am

DLTH

Duluth Holdings has reiterated its fiscal 2024 outlook, projecting net sales of approximately $640 million and an adjusted EPS of around ($0.22) per diluted share.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2024 | 9:56 am

DLTH

Duluth Holdings reported a Q2 EPS loss of $(0.11), missing the $(0.06) estimate, but sales of $141.62M beat the $130.10M estimate. EPS decreased by 83.33% from last year, while sales increased by 1.81%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:48 am

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) revised its annual revenue forecast downward following a major global Microsoft Windows outage in July. The outage delayed deals and impacted the company's reputation, leading to a drop in its stock price. Despite this, CrowdStrike beat Q2 revenue and earnings estimates.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 9:39 am