Streetbeat News

Earnings

HEI

Heico reported Q3 2024 earnings per share of $0.97, surpassing the analyst estimate of $0.92. However, its sales of $992.246 million slightly missed the expected $994.784 million. Despite this, sales increased by 37.26% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 8:20 pm

LMAT

LeMaitre Vascular announced the retirement of CFO Joseph P. Pellegrino, Jr., effective March 7, 2025. He will remain on the Board of Directors. The company reaffirms its financial guidance for Q3 and full-year 2024.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 8:17 pm

PEGY

Pineapple Energy Inc. (NASDAQ:PEGY) has announced that its restructuring efforts in Q2 are expected to reduce overhead and operational expenses over time. Additionally, several commercial projects that were delayed in the first half of 2024 are now fully underway.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 8:15 pm

SNT

Senstar Technologies reported a Q2 EPS of $0.02, an increase from $0.01 year-over-year, while revenue decreased to $8.306 million from $8.441 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 8:12 pm

MOLN

Molecular Partners reported an adjusted H1 EPS of $(0.88) and sales of $4.75 million. This financial performance may influence investor sentiment and stock price movements.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 8:03 pm

NVDA

Semiconductor stocks are experiencing a downturn, potentially due to market weakness and anticipation of NVIDIA's upcoming Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 8:00 pm

BILI

PDD

Bilibili Inc (NASDAQ:BILI) shares fell 4.59% due to competitive pressures following PDD Holdings' (NASDAQ:PDD) weaker-than-expected Q2 sales results. PDD's revenue growth signals increased competition in the digital space, impacting Bilibili's growth prospects.

Portfolio Pulse from Henry Khederian

August 26, 2024 | 7:19 pm

PM

The article discusses the recent options trading activity for Philip Morris International (NYSE:PM), highlighting a bullish sentiment among traders. A significant portion of the trades were puts, with a smaller number of calls, indicating a targeted price range of $100 to $130. The current market status shows a slight decline in PM's stock price, with a neutral RSI and an upcoming earnings announcement. An analyst from Barclays maintains an Overweight rating with a target price of $130.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 7:15 pm

CHIQ

CLIX

CQQQ

KWEB

ONLN

PDD

PDD Holdings Inc. (NASDAQ:PDD) saw its ADRs plummet nearly 30% after disappointing Q2 earnings and a pessimistic revenue forecast. Despite an 86% revenue increase, results fell short of expectations, leading to a sell-off. ETFs with significant PDD exposure, such as ProShares Online Retail ETF (ONLN) and Global X MSCI China Consumer Discretionary ETF (CHIQ), also suffered declines.

Portfolio Pulse from Piero Cingari

August 26, 2024 | 7:12 pm

AVGO

INTC

MU

NVDA

Analysts are focusing on Nvidia's upcoming earnings, expecting strong results driven by AI demand and China. Nvidia is highlighted as a top pick in the semiconductor sector, alongside Broadcom, Micron, and others. Despite geopolitical tensions, demand remains robust. Intel is noted as a value pick but faces structural challenges.

Portfolio Pulse from Chris Katje

August 26, 2024 | 6:53 pm