Streetbeat News

Earnings

BTBD

BT Brands (NASDAQ:BTBD) reported a 300% increase in quarterly losses to $(0.04) per share from $(0.01) per share YoY. However, the company's sales increased by 13.47% to $4.00 million from $3.52 million YoY.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 5:29 pm

BTBD

BT Brands (NASDAQ:BTBD) reported Q2 losses of $(0.06) per share, a 500% decrease YoY. However, the company's sales increased by 13.47% to $4.00 million compared to $3.52 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 5:29 pm

HD

Home Depot (HD) reported better-than-expected Q2 results, leading several analysts to raise their price targets. Despite a 2% YoY sales decline to $42.92 billion, the company beat the consensus of $42.25 billion. EPS was $4.65, surpassing the $4.46 consensus. Analysts from DA Davidson, Truist Securities, Wedbush, and Morgan Stanley revised their estimates and price targets, with a general belief that the worst is behind for Home Depot. HD shares are trading higher by 0.79% at $334.76.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 5:10 pm

AKU

NVOS

TSEM

The article lists the stocks that have gained and lost in Wednesday's mid-day session. Notable gainers include Novo Integrated Sciences, Akumin, and Green Giant, which reported positive financial results or updates. On the other hand, Sacks Parente Golf, RVL Pharmaceuticals, and Coherent Corp. were among the biggest losers, with factors such as IPO pricing and disappointing financial results contributing to their decline. Tower Semiconductor's shares fell by 8.2% after the company and Intel mutually agreed to terminate their takeover pending regulatory approval.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 5:02 pm

ALTI

AlTi Global reported its Q2 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 5:01 pm

TME

Tencent Music Entertainment Group's shares are trading higher despite broader China weakness. This follows the company's Q2 results announcement on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 4:57 pm

TGT

Target Corp (NYSE:TGT) reported Q2 earnings with adjusted earnings of $1.80 per share, beating the $1.39 expectation, but revenues of $24.77 billion missed the $25.18 consensus estimate. Sales were down 4.9% YoY, with comparable sales down by 5.4%. However, Target's gross margin expanded to 27% and operating income increased 273% to $1.2 billion. The company issued $499 million in dividends, up from $417 million the previous year. To generate a monthly dividend check of $500 from Target, an investment of $175,953.08, or about 1,371 shares, would be needed.

Portfolio Pulse from AJ Fabino

August 16, 2023 | 4:38 pm

ZIM

ZIM Integrated Shipping Services reported disappointing Q2 financial results and issued FY23 guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 4:34 pm

BABA

BIDU

CJET

NIO

XPEV

Shares of several Chinese companies, including BABA, BIDU, CJET, NIO, XPEV, are trading lower in sympathy with JD.com following its Q2 financial results. Weak industrial production and retail sales data for July and rate cuts from the PBOC are also negatively impacting the sector.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 4:25 pm

ALL

PGR

Allstate shares are trading higher, possibly in sympathy with Progressive, which surged after reporting positive July results.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 4:18 pm