Streetbeat News

Earnings

VIRI

Virios Therapeutics reported worse-than-expected Q2 earnings per share (EPS) results, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 3:54 pm

ALRM

Alarm.com reported better-than-expected Q2 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 3:54 pm

BLNK

Blink Charging's Chief Revenue Officer, Mike Battaglia, announced at Benzinga's EV Conference that the company is now focusing on hard KPIs to control expenses. The company is working towards achieving level profitability and eventually free cash flow.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 3:53 pm

AKU

Akumin reported a year-over-year decrease in Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 3:53 pm

EDBL

Edible Garden AG Incorporated (NASDAQ:EDBL) reported better-than-expected Q2 financial results, with losses of 24 cents per share, beating the analyst consensus estimate by 73.33%, and sales of $4.22 million, beating the consensus estimate by 15.33%. The company's shares are trading higher on heavy trading volume, with more than 63.5 million shares traded in the session.

Portfolio Pulse from Erica Kollmann

August 10, 2023 | 3:53 pm

XFOR

X4 Pharmaceuticals reported worse-than-expected Q2 earnings per share (EPS) results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 3:53 pm

BLNK

Blink Charging's Chief Revenue Officer, Mike Battaglia, announced at Benzinga's EV Conference that the company's Q2 results showed broad-based growth across all categories. He also highlighted that the company improved its gross margins from 21% to 37% in Q2.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 3:50 pm

LCID

Lucid Group Inc's shares are trading lower by 4.17% despite no company-specific news. The stock is pulling back after the company reported Q2 financial results and confirmed it is on track to achieve its 2023 production target. Lucid's Q2 revenue was $150.9 million, falling short of the estimated $201.9 million. The company also incurred a loss of 40 cents per share, exceeding the anticipated loss of 35 cents.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 3:44 pm

TCOM

Shares of Trip.com Group Ltd (NASDAQ:TCOM) are trading higher by 4.4% amid strength in several Chinese stocks, including Alibaba Group Holding, which reported better-than-expected Q1 financial results. The strong results from Alibaba suggest increased consumer spending and higher demand for online services, which could positively impact Trip.com Group. Positive earnings from Alibaba may also indicate overall economic health and increased consumer confidence, potentially leading to increased travel and leisure activities, benefiting companies like Trip.com Group.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 3:43 pm

AAPL

DIS

GOOG

GOOGL

PENN

The Walt Disney Company (DIS) reported mixed Q3 results, missing revenue estimates but beating earnings per share estimates. Analysts have mixed views on the company's future, with some highlighting the potential of its direct-to-consumer (DTC) segment and its sports betting deal with PENN Entertainment. Others point to the company's shift in strategic focus and potential interest from Apple Inc (AAPL) or Alphabet Inc (GOOG, GOOGL).

Portfolio Pulse from Chris Katje

August 10, 2023 | 3:38 pm