Streetbeat News

Earnings

SDRL

Seadrill (NYSE:SDRL) has reported its Q2 earnings with an EPS of $1.16 and sales of $414.00 million.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:38 am

MYNZ

Mainz Biomed reported Q2 losses of $(0.56) per share and sales of $248.94K.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:36 am

ESLT

Elbit Systems (NASDAQ:ESLT) reported Q2 earnings of $1.57 per share, missing the analyst consensus estimate of $1.65 by 4.85%. This is a 9.25% decrease from the same period last year. However, the company's quarterly sales of $1.45 billion beat the estimate of $1.40 billion by 4.00%, marking an 11.58% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:32 am

CAH

Cardinal Health, Inc. (NYSE:CAH) is expected to report higher Q4 earnings at $1.49 per share, up from $1.05 per share a year ago. The company's revenue is projected to be $52.72 billion, compared to $47.1 billion in the year-ago period. Several analysts have recently adjusted their price targets for the company, with the most recent targets ranging from $90 to $97.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 7:18 am

A

HD

HRB

NVDA

SMH

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors. The Nasdaq added over 1% on Monday, with NVIDIA Corporation adding over 7% and the VanEck Semiconductor ETF gaining 3%. Data on retail sales, import, export prices and business inventories will be released today. Investors are awaiting earnings results from The Home Depot, Inc., Agilent Technologies, Inc., and H&R Block, Inc.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 7:06 am

GNLN

Greenlane Holdings, Inc. (NASDAQ:GNLN) reported a decline in Q2 2023 revenue to $19.6 million, compared to $24.0 million in Q1 2023. However, operating expenses saw a reduction of $0.9 million, a 6.2% decrease from Q1 2023. The company also reported a net loss of $10.5 million, slightly higher than the $10.2 million loss in Q1 2023. Despite the decrease in net sales, the company maintained a gross margin of 23.3%. GNLN stocks were trading lower by 4.38% at $0.851 per share after market close.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2023 | 3:30 am

GHBWF

GLASF

Glass House Brands Inc. (OTCQX:GLASF) (OTC:GHBWF) reported record Q2 2023 results, with gross margin exceeding 50%. The company's net sales surged by 171% to $44.7 million, and gross profit rose to $24.4 million. Operational efficiency improved with a 12% reduction in cost per Equivalent Dry Pound of Production. The company's cash balance at the end of the quarter was $22.7 million, a 39% growth from Q1 2023.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2023 | 3:12 am

IGXT

IntelGenx Technologies Corp. reported a 67% decrease in total revenues for Q2 2023, with operating costs rising slightly. The company also reported a net comprehensive loss of $3.0 million for the quarter. Despite these financial setbacks, the company has achieved significant milestones, including completing enrollment in the BUENA study and signing a binding term sheet with a CDMO customer for oral film packaging services, expected to yield around $9 million over three years.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2023 | 2:54 am

BRK.B

NVDA

RUM

TSLA

X

U.S. stocks ended in the green on Monday with the Nasdaq Composite registering a gain of around 143 points. Nvidia Corp saw a rise of 7.09% amid reports that Amazon is designing custom microchips to bypass Nvidia GPUs. Rumble Inc’s stock experienced a slight increase of 0.24% after its Q2 earnings highlighted a revenue of $24.97 million, up 468% YoY. United States Steel Corporation witnessed a surge of 36.80% following an all-cash public offer from Esmark Inc. Tesla Inc’s stock dipped by 1.19% after announcing a price cut for some Model Y versions in China. Berkshire Hathaway’s stock saw a marginal rise of 0.04% after its Q2 earnings report exceeded expectations.

Portfolio Pulse from Benzinga Neuro

August 15, 2023 | 2:00 am

UGRO

urban-gro, Inc. (NASDAQ:UGRO) reported Q2 2023 financial results with revenue of $18.8 million, a 16% YoY increase. The company also reported a gross profit of $2.9 million, operating expenses of $6.8 million, and a net loss of $5.4 million. The company's cash position at the end of Q2 2023 was $8.6 million with no bank debt. The total backlog as of June 30, 2023, was approximately $79 million in contracts. UGRO shares were trading 3.26% higher at $1.2185 per share at the time of publishing.

Portfolio Pulse from Joana Scopel

August 15, 2023 | 1:20 am