Streetbeat News

Earnings

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

AI

MSFT

NVDA

PLTR

SOUN

TSLA

U

U.S. stock futures traded mostly higher with NVIDIA Corporation, C3.ai, Inc., Palantir Technologies Inc., SoundHound AI, Inc., Unity Software Inc., Microsoft Corporation, and Tesla, Inc. recording gains in pre-market trading. NVIDIA's better-than-expected Q2 results and strong Q3 guidance boosted its shares and those of other AI and semiconductor stocks.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 11:18 am

NVDA

QQQ

SPY

Nvidia Corp.'s strong Q2 earnings are expected to catalyze a rally in the tech sector and the broader market. The Nasdaq futures are higher in the premarket session. The market is also looking for cues from retail earnings reports, jobless claims data, and durable goods orders. Analyst Tom Lee believes the bull market is intact and sees a safer window for stocks post-Jackson Hole after Fed Chair Jerome Powell's comments. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Several companies including Nvidia, Autodesk, Splunk, Guess?, Snowflake, NetEase, Weibo Corp., Burlington Stores, Hain Celestial Group, Dollar Tree, Intuit, Ulta Beauty, Affirm Holdings, and Gap are in focus due to their earnings reports.

Portfolio Pulse from Shanthi Rexaline

August 24, 2023 | 11:13 am

OPRA

Opera Limited reported 316 million monthly active users (MAUs) in Q2, a slight decrease quarter-over-quarter. However, the annualized average revenue per user (ARPU) increased by 25% year-over-year to $1.17.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 11:12 am

DXLG

Destination XL (DXLG) has projected its FY23 adjusted EPS to be between $0.51 and $0.59, compared to the estimated $0.57.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 11:09 am

SN

SharkNinja forecasts FY23 net sales to increase by 9%-11% and adjusted sales to increase by 10%-12% compared to the prior year. The company also expects adjusted EPS of $2.85-$3.02, reflecting an increase of 20%-27% Y/Y.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 11:09 am

DXLG

Destination XL forecasts its FY23 sales to be between $535M and $545M, which is slightly below the estimated $546.11M.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 11:07 am