Streetbeat News

Earnings

UWMC

UWM Holdings (NYSE:UWMC) reported Q2 earnings of $0.11 per share, beating the analyst consensus estimate of $0.06 by 83.33%. This is a 10% increase from the same period last year. The company also reported quarterly sales of $587.52 million, beating the analyst consensus estimate of $483.96 million by 21.40%. This is a 4.13% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:02 pm

SOUN

SoundHound AI reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:02 pm

UWMC

UWM Holdings (NYSE:UWMC) reported Q2 earnings of $0.11 per share, beating the analyst consensus estimate of $0.06 by 83.33%. This is a 10% increase from the same period last year. The company also reported quarterly sales of $587.52 million, beating the analyst consensus estimate of $483.96 million by 21.40%. This is a 4.13% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:01 pm

REFI

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) reported Q2 FY23 net income of $8.6 million, up 15.8% YoY. Net interest income was $13.7 million, down 8.3% sequentially but up 19.9% YoY. Total expenses were $3.9 million, down 5.8% sequentially, mainly due to a $0.3 million decrease in net management and incentive fees. The company paid a regular quarterly cash dividend of $0.47 per share for Q2 2023. The company reaffirmed its 2023 outlook.

Portfolio Pulse from Vuk Zdinjak

August 09, 2023 | 12:59 pm

CVNA

Carvana Co (NYSE:CVNA) shares are trading higher after the company raised its Q3 outlook due to fundamental progress in key business drivers and momentum early in the quarter. The company now expects adjusted EBITDA to be above $75 million and gross profit per unit to be above $5,500. Carvana shares have risen more than 800% since the start of the year.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 12:56 pm

MAPS

WM Technology, Inc. (NASDAQ:MAPS), a cannabis-focused tech company, reported Q2 2023 financial results with revenue of $50.9 million, compared to $48.0 million in the previous quarter and $58.3 million in the same period last year. The company reported a net income of $2.0 million and an adjusted EBITDA gain of $10.2 million. The company's shares were trading 3.33% higher at $1.24 during Wednesday’s pre-market session.

Portfolio Pulse from Nina Zdinjak

August 09, 2023 | 12:56 pm

LYFT

Lyft shares are trading lower following the release of the company's Q2 financial results and guidance.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:55 pm

RBLX

Roblox Corporation reported its Q2 earnings per share (EPS) at $(0.46), missing the estimated $(0.45). The company's sales were $780.656M, also falling short of the estimated $784.86M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:54 pm

DUOL

Duolingo reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:54 pm

PENN

PENN Entertainment Inc reported Q2 FY23 sales growth of 2.9% YoY to $1.67 billion, in line with analyst consensus. Gaming revenue declined 2.5%, while other revenue streams increased. EPS of $0.48 beat the analyst consensus of $0.42. Operating expenses increased 10.9% YoY to $1.5 billion, and operating income decreased 32% to $205.5 million. The company repurchased $99.8 million of shares at an average price of $26.31. PENN shares are trading higher by 19.27% at $29.62 in premarket.

Portfolio Pulse from Shivani Kumaresan

August 09, 2023 | 12:54 pm