Streetbeat News

Earnings

RCL

SGTX

SRPT

Insider trades were noted in three healthcare stocks: Royal Caribbean Cruises Ltd. (RCL), Sarepta Therapeutics, Inc. (SRPT), and Sigilon Therapeutics, Inc. (SGTX). RCL's director acquired 1,000 shares, indicating confidence in the company's prospects after reporting Q2 sales growth. SRPT's director acquired 23,686 shares following a narrower-than-expected Q2 loss. Shenandoah Acquisition Corp, a 10% owner of SGTX, bought 1,718,493 shares after Eli Lilly agreed to acquire the company.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 11:44 am

GDNSF

Cannabis company Goodness Growth Holdings, Inc. reported Q2 2023 financial results with revenue of $19.2 million, up from $17.4 million in Q2 2022. The company has divested its New Mexico operations and is planning to divest its New York operations. However, it reported a net loss of $7.33 million, up from $6.18 million in the same quarter of the previous year. The company's shares closed 1.93% higher at $0.1315 per share.

Portfolio Pulse from Nina Zdinjak

August 15, 2023 | 11:40 am

HD

QQQ

SPY

US stock futures faltered on Tuesday due to China's unexpected rate cut and Home Depot's disappointing Q2 earnings report. Analysts from LPL suggest a 5-10% pullback in stocks is overdue. In premarket trading, the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) both retreated. Home Depot, Discover Financial Services, Cardinal Health, Tencent Music Entertainment Group, Agilent Technologies, Jack Henry & Associates, and H&R Block are all mentioned in relation to earnings reports or leadership changes.

Portfolio Pulse from Shanthi Rexaline

August 15, 2023 | 11:36 am

ONON

On Holding AG reported Q2 FY23 results, with sales growth of 52.3% Y/Y to CHF 444.3 million. The company's adjusted EPS was CHF 0.04, lower than CHF 0.14 last year. In USD terms, the Q2 adjusted EPS of $0.04 missed the consensus of $0.13, while sales of $494.08 million beat the consensus of $463.07 million. The company raised its FY23 sales guidance, expecting revenues to reach at least CHF 1.76 billion. Despite the positive results, ONON shares are trading lower by around 7%.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 11:35 am

LASE

Laser Photonics (NASDAQ:LASE) reported Q2 earnings of $0.00 per share and sales of $968.05 thousand.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 11:34 am

ANVS

Annovis Bio reported Q2 losses of $(1.07) per share, beating the analyst consensus estimate of $(1.14) by 6.14 percent. However, this is a 46.58 percent increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 11:25 am

ALLG

Allego (NYSE:ALLG) reported H1 losses of $(0.16) per share, a 115.69% decrease from $1.02 per share YoY. However, the company's sales increased by 34.04% to $74.34 million from $55.47 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 11:20 am

IHS

IHS has revised its FY23 sales guidance down to $2.08B-$2.11B from $2.19B-$2.22B, which is in line with the consensus of $2.09B. The company also lowered its adjusted EBITDA forecast to $1.13B-$1.15B from the previous guidance of $1.2B-$1.22B.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 11:16 am

BPTH

Bio-Path Holdings reported Q2 losses of $(0.53) per share, missing the analyst consensus estimate of $(0.44) by 20.45 percent. This represents a 26.19 percent decrease over losses from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 11:15 am

COSM

Cosmos Health (NASDAQ:COSM) reported Q2 adjusted earnings of $0.01 per share, up from a loss YoY. The company also reported a 2.89% increase in sales to $12.36 million, up from $12.02 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 11:15 am