Streetbeat News

Earnings

TSQ

Townsquare Media (NYSE:TSQ) reported Q2 earnings of $0.18 per share, missing the analyst consensus estimate of $0.48 by 62.5%. This is a 74.65% decrease from the same period last year. However, the company beat the sales estimate of $121.06M with $121.23M, a 0.14% increase, but a 0.57% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 10:02 am

LFST

LifeStance Health Gr (NASDAQ:LFST) reported Q2 EPS of $(0.13), missing the analyst consensus estimate of $(0.09) by 44.44%. However, the company's quarterly sales of $259.58M beat the estimate of $255.15M by 1.74%. This represents a 23.89% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 10:02 am

F

GM

LCID

Lucid Motors (NASDAQ:LCID) reported a loss of over $500,000 per vehicle sold in its Q2 earnings, with a net loss of about $764 million. Despite this, analysts remain hopeful about the company's prospects. Following the announcement of price reductions, Lucid's shares surged over 6% on Tuesday. Traditional automakers like Ford (NYSE:F) and General Motors (NYSE:GM) are also grappling with profit losses as they transition to EVs.

Portfolio Pulse from Benzinga Neuro

August 09, 2023 | 10:02 am

FA

First Advantage reported Q2 adjusted earnings of $0.24 per share, beating the analyst consensus estimate of $0.23 by 4.35%. However, this is a 4% decrease from the same period last year. The company also reported quarterly sales of $185.31 million, beating the estimate of $183.73 million by 0.86%, but this is an 8.06% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 10:01 am

GEO

Geo Group has projected its Q3 net income to be between $19M and $29M, and its Q4 net income to be between $19M and $27M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 10:01 am

VLN

Valens Semiconductor (NYSE:VLN) reported Q2 sales of $24.18 million, beating the analyst consensus estimate of $23.97 million by 0.86 percent. This represents a 7.54 percent increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 10:01 am

GEO

GEO Group reported Q2 earnings of $0.24 per share, beating the analyst consensus estimate of $0.20 by 20%. However, this is a 42.86% decrease from the same period last year. The company also reported quarterly sales of $593.90 million, beating the estimate of $588.26 million by 0.96%, a 0.97% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 10:00 am

LPSN

LivePerson Inc's shares surged by 13% following a Q2 FY23 earnings beat. The company reported revenue of $97.52 million, surpassing the consensus of $96.85 million. Despite a 26.4% Y/Y decline in revenue due to the exit of lower-margin and non-core lines of business, the company inked 69 deals in Q2. Adjusted operating income stood at $3.1 million, a significant improvement from a loss of $12.6 million a year ago. The company also announced that CFO John Collins will assume the additional role of interim CEO, effective August 7, 2023.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 9:58 am

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares climbed in premarket trading following the release of its Q2 results. The company reported a YoY increase in revenue to $1.12 billion, exceeding the consensus estimate of $1 billion. The net loss per share also narrowed YoY from $1.89 to $1.27, beating analysts' estimates. Rivian raised its 2023 production guidance from 50,000 units to 52,000 units and improved its adjusted EBITDA guidance. Wedbush analyst Daniel Ives commented positively on the results.

Portfolio Pulse from Shanthi Rexaline

August 09, 2023 | 9:52 am

AMZN

DISH

LLY

MSFT

SATS

The S&P 500 and Nasdaq 100 fell on Tuesday, with the S&P 500 Banks index losing 2.5% year-to-date. Moody's downgraded 10 small- to mid-sized lenders, contributing to the decline. Eli Lilly and DISH Network saw share increases after positive Q2 results and a merger announcement, respectively. The CBOE Volatility Index rose 1.4% ahead of upcoming CPI and PPI data releases.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 9:41 am