Streetbeat News

Earnings

MGOL

MGO Global has announced its Q2 revenue of $1.95 million.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:41 pm

ASTS

AST SpaceMobile Inc (NASDAQ:ASTS) reported a Q2 earnings loss of 24 cents per share, missing estimates. The company raised up to $179 million in cash and liquidity during the quarter, ending with $191.5 million. AST SpaceMobile also announced that it received multiple indications of interest for strategic investment and that one of its subsidiaries secured a loan credit agreement of up to $100 million. The company's shares were up 7.31% following the announcement.

Portfolio Pulse from Adam Eckert

August 15, 2023 | 12:39 pm

EGIO

Edgio (NASDAQ:EGIO) reported Q1 losses of $(0.09) per share, missing the analyst consensus estimate of $(0.06) by 50%. The company also reported quarterly sales of $101.90 million, missing the analyst consensus estimate of $107.75 million by 5.43%. This represents a 125% increase in losses and a 75.81% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:38 pm

SE

Sea Limited (NYSE:SE) reported Q2 FY23 revenue growth of 5.2% YoY to $3.096 billion, missing the consensus of $3.420 billion. Adjusted EPS of $0.54 also missed the consensus of $0.69. Digital Entertainment revenue decreased 41.2% YoY, while E-commerce and other services revenue increased 20.6% YoY. The company held $7.7 billion in cash and equivalents. SE shares traded lower by 16.20% in the premarket session.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 12:37 pm

DCTH

SCYX

SE

Delcath Systems, Inc. (DCTH) has received FDA approval for HEPZATO KIT™, causing its stock to surge by 138%. SCYNEXIS (SCYX) received a 'Buy' rating from Ladenburg Thalmann & Co., leading to a 37% increase in its stock. Sea Limited (SE) reported a GAAP EPS of $0.54, beating estimates by $0.08, but its revenue of $3.1B missed estimates by $150M, causing an 18% drop in its stock.

Portfolio Pulse from ryanfaloona@benzinga.com

August 15, 2023 | 12:35 pm

SBET

SharpLink Gaming (NASDAQ:SBET) reported Q2 losses of $(1.19) per share and $3.26 million in sales.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:34 pm

TME

Tencent Music's shares are trading lower following the company's Q2 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:31 pm

ONON

Shares of ONON are trading lower following the company's mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:30 pm

PSFE

Paysafe Limited (NYSE:PSFE) reported Q2 FY23 revenue growth of 6% YoY to $402.338 million, beating the consensus of $394.16 million. Adjusted EPS was $0.56, down from $0.62 in 2Q22, but beating the consensus of $0.13. The company raised its FY23 revenue outlook to $1.595 billion-$1.608 billion, versus the consensus of $1.59 billion. PSFE shares were trading higher by 6.5% at $12.59 premarket on the last check Tuesday.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2023 | 12:29 pm

SE

Sea Ltd's shares are trading lower following the company's Q2 financial results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:27 pm