Streetbeat News

Earnings

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

COHR

DLO

NVOS

RVLP

SPGC

TGT

TIVC

The Nasdaq Composite fell by 90 points, with the Dow and S&P 500 also trading lower. Target Corporation reported better-than-expected Q2 earnings but lowered its profit forecast. Novo Integrated Sciences, DLocal Limited, and Tivic Health Systems saw their shares rise after positive updates. Meanwhile, RVL Pharmaceuticals, Sacks Parente Golf, and Coherent Corp. saw their shares drop.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 4:16 pm

PFGC

Performance Food Group Company (PFGC) reported its Q4 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 4:11 pm

HRB

H&R Block reported better-than-expected Q4 results and raised its quarterly dividend, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 4:10 pm

PRPO

Precipio (NASDAQ:PRPO) is set to release its latest quarterly earnings report on August 17, 2023. Analysts estimate an earnings per share (EPS) of $-0.10. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $0.359, down 71.12% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 4:01 pm