Streetbeat News

Earnings

HEPS

D-MARKET Electronic (NASDAQ:HEPS) reported Q2 earnings of $0.13 per share, a 218.18% increase YoY. The company also reported $284.59 million in sales, a 49.62% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:09 pm

BKE

PANW

STT

TXT

Insiders at Palo Alto Networks, State Street, Textron, and Buckle have recently sold significant amounts of shares. While insider sales can sometimes indicate concern about a company's prospects, they can also be part of a preplanned sale. Each of these companies has recently reported positive financial news, such as better-than-expected earnings or raised financial outlooks.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 12:09 pm

ALAR

Alarum Technologies (NASDAQ:ALAR) reported Q2 losses of $(0.23) per share, beating the analyst consensus estimate of $(0.24) by 4.17%. This is a 71.25% increase over losses from the same period last year. The company also reported quarterly sales of $6.99 million, beating the analyst consensus estimate of $6.40 million by 9.14%. This is a 46.22% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:02 pm

LMDX

LumiraDx reported Q2 adjusted losses of $(0.16) per share, missing the analyst consensus estimate of $(0.14) by 14.29%. The company also reported quarterly sales of $21.00 million, missing the analyst consensus estimate of $21.48 million by 2.22%. This represents a 53.04% decrease over sales of $44.73 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 11:48 am

BZAMF

BZAM Ltd. reported Q2 2023 net revenue of CA$19.3 million ($14.3 million), a 66% YoY increase. However, gross profit decreased by 75% to CA$1.8 million, and the company reported a comprehensive loss of CA$65.6 million. The company is focusing on cost reduction and revenue expansion, and has divested or plans to divest several facilities to reduce expenses.

Portfolio Pulse from Vuk Zdinjak

August 24, 2023 | 11:44 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares rose in premarket trading after reporting Q2 earnings and revenue that exceeded expectations. The company also issued upbeat guidance, with revenue estimates above Wall Street's projections. The company plans to increase supply each quarter through next year to meet demand. Several analysts have raised forward estimates and price targets for the company. In premarket trading, Nvidia shares climbed 8.08% to $509.25.

Portfolio Pulse from Shanthi Rexaline

August 24, 2023 | 11:39 am

NM

Navios Maritime Hldgs (NYSE:NM) reported Q2 earnings of $0.27 per share, a decrease of 80.29% YoY. However, the company's sales increased by 18.35% YoY to $81.90 million.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 11:39 am

INBS

Intelligent Bio Solutions (NASDAQ:INBS) reported a larger than expected quarterly loss of $(10.58) per share, missing the analyst consensus estimate of $(6.53) by 62.02%. The company also reported lower than expected quarterly sales of $1.26 million, missing the analyst consensus estimate of $1.73 million by 27.35%.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 11:35 am

ET

FNKO

PI

Insiders at Impinj, Inc. (PI), Funko, Inc. (FNKO), and Energy Transfer LP (ET) have recently made notable purchases of their companies' stocks. Impinj's Director acquired shares worth $2.82 million following upbeat Q2 results. Funko's 10% owner bought shares worth $442,665 despite a Q2 earnings miss and weak guidance. Energy Transfer's EVP bought shares worth $130,000 after the company announced a merger agreement to acquire Crestwood Equity Partners.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 11:20 am

OPRA

Opera Limited reported mixed second-quarter results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 11:19 am