Streetbeat News

Earnings

MSFT

NVDA

NVIDIA Corp (NVDA) is set to report earnings next week, which is being considered a make-or-break moment for the broader market by Gene Munster of Deepwater Asset Management. The chipmaker is expected to report earnings of $2.05 per share and revenue of $11.02 billion. The stock rallied after Morgan Stanley predicted Nvidia would beat estimates and raise guidance again this quarter. Munster believes that if Nvidia exceeds the expected data center number of around $8 billion, it could send the broader market higher.

Portfolio Pulse from Adam Eckert

August 15, 2023 | 4:31 pm

EFSH

1847 Holdings reported a year-over-year decrease in Q2 EPS results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 4:19 pm

AMZN

July's retail sales in the US grew by 0.7% month-on-month, the highest since January 2023, and 3.2% annually, beating expectations. Economists attribute this growth to strong consumer spending despite challenges like high temperatures and Canadian wildfire smoke. Amazon Prime Day also contributed to the surge in electronic shopping. However, the strong retail sales data led to a rise in the cost of capital, potentially challenging small businesses and consumers, and putting pressure on equity markets.

Portfolio Pulse from Piero Cingari

August 15, 2023 | 4:18 pm

PHX

PhenomeX reported worse-than-expected Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 4:13 pm

GETY

Getty Images Holdings Inc (GETY) reported worse-than-expected Q2 results and lowered FY23 guidance, leading to a decrease in its stock price. Analysts from Wedbush, Benchmark, and Citigroup have lowered their estimates and price targets for the company, but maintain a positive outlook, expecting a rebound driven by the company's focus on profitability and potential economic recovery.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 4:12 pm

NOGN

Nogin reported worse-than-expected Q2 financial results and issued FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 4:02 pm

DCTH

DSGN

FXLV

GLTO

HD

NVOS

SYTA

US stocks traded lower with the Dow, NASDAQ, and S&P 500 all falling. Home Depot (HD) reported better-than-expected Q2 results and authorized a new $15 billion share repurchase program. Delcath Systems (DCTH), Novo Integrated Sciences (NVOS), and Siyata Mobile (SYTA) saw stock increases due to positive news, while F45 Training Holdings (FXLV), Design Therapeutics (DSGN), and Galecto (GLTO) experienced stock drops due to negative developments.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 4:00 pm

TAYD

Taylor Devices (TAYD) reported a year-over-year increase in Q4 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 4:00 pm

IHS

IHS reported mixed Q2 financial results and lowered its FY23 guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:56 pm

EAST

Eastside Distilling reported its Q2 revenue results, which led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:56 pm