Streetbeat News

Earnings

AGIL

AMBA

BOX

HPQ

Several information technology stocks experienced significant movement in Tuesday's after-market session. AgileThought (AGIL), SMX (SMX), Datasea (DTSS), VirnetX Holding (VHC), EMCORE (EMKR), and Bit Origin (BTOG) saw gains, while Ambarella (AMBA), Box (BOX), Hitek Global (HKIT), HP (HPQ), MicroCloud Hologram (HOLO), and Mercurity Fintech Holding (MFH) experienced losses. Q2 earnings for AMBA and BOX, and Q3 earnings for HPQ were released.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 9:31 pm

LYFT

Lyft Inc's lead independent director, Prashant 'Sean' Aggarwal, has purchased 96,900 shares at an average price of $10.34 per share, totaling over $1 million. This insider purchase comes after Lyft's Q2 earnings report in early August, where it reported sales of $1.02 billion, a 3.05% increase over the same period last year. Lyft also issued guidance for Q3 revenue between $1.13 billion and $1.15 billion.

Portfolio Pulse from AJ Fabino

August 29, 2023 | 9:25 pm

LIZI

Lizhi (NASDAQ:LIZI) reported Q2 earnings of $0.05 per ADS, a 28.57% decrease YoY. However, the company's sales increased by 6.24% to $81.80 million compared to $76.99 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 9:02 pm

SRFM

Surf Air Mobility has filed its Q2 Form 10-Q report and reiterated its prior financial outlook. The company has not provided any changes or updates to its previous financial guidance.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:58 pm

EPSN

Epsilon Energy Ltd. (EPSN) has declared a dividend of $0.0625 per share, payable on September 29th, 2023. The company also announced near-term drilling plans in Pennsylvania and Texas, which are expected to add meaningful production volumes and cash flow in 2024. However, Q3 volumes and revenues are expected to be down approximately 5% from original estimates due to the shut-in of approximately 3 MMcf per day of net production for an estimated 45 days.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:48 pm

HPQ

HP Inc. reported better-than-expected Q3 results but issued FY23 EPS guidance below estimates, causing its shares to fall in after-hours trading. The company reported Q3 earnings of 86 cents per share, beating the estimate of 80 cents, and sales of $13.20 billion, beating the estimate of $12.39 billion. However, the company's FY23 EPS is estimated to be between $3.23 and $3.35, lower than the $3.37 estimate.

Portfolio Pulse from Ryan Gustafson

August 29, 2023 | 8:41 pm

HPE

Hewlett Packard's shares are trading lower following the release of their Q3 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:37 pm

AMBA

Ambarella Inc (NASDAQ:AMBA) reported Q2 results and issued weak guidance, causing its shares to trade lower in after-hours session. Q2 revenue was $62.12 million, slightly above estimates, and EPS was a loss of 15 cents, beating estimates for a loss of 21 cents. However, revenues were down 23% YoY and the company ended the quarter with $216.5 million of cash, down from $227.4 million sequentially. The company anticipates Q3 revenue of $50 million, significantly lower than estimates of $67.6 million.

Portfolio Pulse from Adam Eckert

August 29, 2023 | 8:32 pm

UPS

The International Brotherhood of Teamsters union and United Parcel Service (UPS) have reached a deal to create more full-time jobs and raise wages. The deal could boost pay and benefits to an average of $170,000 per year. The agreement, ratified by 86.3% of votes, will raise full-time workers' wages to an average of $49 an hour and part-time workers’ wages to at least $21 an hour. The deal also ends mandatory overtime and increases holiday time. UPS cut its full-year guidance due to volume impacts from labor negotiations and costs associated with the agreement.

Portfolio Pulse from Adam Eckert

August 29, 2023 | 8:28 pm

NCNO

Ncino reported its Q2 financial results and issued guidance, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:26 pm