Streetbeat News

Earnings

SNOW

Snowflake's shares are trading higher following the company's release of better-than-expected Q2 financial results and guidance.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:45 pm

MRVL

PLTR

SMCI

TSM

Shares of several semiconductor and AI-related stocks are trading higher in sympathy with NVIDIA, which reported strong Q2 financial results and Q3 guidance. The stocks mentioned include MRVL, PLTR, SMCI, and TSM.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:44 pm

CC

ECVT

MP

SEE

USGO

The article lists the top 5 oversold stocks in the materials sector, which are U.S. GoldMining Inc. (USGO), Sealed Air Corporation (SEE), The Chemours Company (CC), Ecovyst Inc. (ECVT), and MP Materials Corp. (MP). Oversold stocks are identified using the Relative Strength Index (RSI), with an RSI below 30 indicating an oversold condition. The companies have had mixed recent performance, with some reporting better-than-expected earnings and others missing sales targets or cutting revenue guidance.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 12:44 pm

NVDA

NVIDIA reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates. The company also approved an additional $25 billion in share repurchases, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:43 pm

NVDA

NVIDIA Corporation (NASDAQ:NVDA) shares topped the $500 mark in pre-market trading after reporting better-than-expected Q2 results and strong Q3 revenue guidance. The company's Data Center revenue surged to a record, accounting for about two-thirds of the total. The board also approved an additional $25 billion in share repurchases. The article explains how to earn $500 per month from NVIDIA's dividends, requiring an investment of approximately $20,000,000.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 12:38 pm

OPRA

Opera Limited reported Q2 FY23 revenue growth of 21% YoY to $94.13 million, beating consensus estimates. However, its adjusted EPS of $0.15 missed the consensus of $0.16, leading to a 5.10% drop in premarket trading. The company also announced the roll-out of its AI chatbot 'Aria' to Opera GX in Q3.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 12:38 pm

GES

Guess? Inc's shares are trading higher by around 17% after it reported better-than-expected Q2 FY24 results and revised FY24 guidance. Net revenue rose 3% Y/Y to $664.5 million, beating the consensus of $640.5 million. Adjusted operating income rose 17% Y/Y to $65.0 million, with margins expanding to 9.8% from 8.7% a year ago. The Board of Directors approved a quarterly dividend per share of $0.30. For FY24, GES revised the outlook for revenue growth to 2.5%-4.0% and raised expectations for adjusted operating margin to 9.0%-9.4% and adjusted EPS to $2.88-$3.08.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 12:38 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) has secured a two-year contract with the Tennessee Valley Authority (TVA) to supply a range of EV charging solutions for public and commercial fleet applications. This follows Blink's Q2 2023 earnings release, which saw total revenues increase to nearly $33 million for the quarter. The company also raised its 2023 revenue target from $100 - $110 million to $110 - $120 million.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 12:28 pm

GES

NVDA

TSHA

NVIDIA, Guess?, and Taysha Gene Therapies shares are trading higher. NVIDIA reported better-than-expected Q2 results, issued Q3 revenue guidance above estimates, and approved an additional $25 billion in share repurchases. Guess? also reported better-than-expected Q2 results and issued FY24 EPS guidance above estimates. Taysha Gene Therapies received Fast Track Designation from the U.S. FDA for TSHA-102 in Rett Syndrome.

Portfolio Pulse from ryanfaloona@benzinga.com

August 24, 2023 | 12:25 pm

WOOF

Petco Health and Wellness Co Inc (NASDAQ:WOOF) shares dropped by around 13% after the company reported Q2 FY23 results and lowered the FY24 EPS outlook. Q2 sales were $1.53 billion, up 3.4% Y/Y, driven by strength in the consumables business and services & other business. However, adjusted net income decreased to $16.3 million from $43.5 million in the prior-year quarter. The company also initiated a cost action plan, expecting annualized gross run-rate cost savings of $150 million by the end of FY25.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 12:24 pm