Streetbeat News

Earnings

TWOU

2U has revised its FY23 net loss outlook from $(93)M-$(87)M to $(225)-$(220)M, indicating a larger than expected loss.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:39 pm

GWH

ESS Tech (NYSE:GWH) reported Q2 losses of $(0.15) per share, in line with analyst consensus. This is a 50% increase in losses from the same period last year. The company's quarterly sales of $2.83 million missed the analyst consensus estimate of $4.61 million by 38.68%, but represent a 312.10% increase over sales from the same period last year.

Portfolio Pulse from saritha@benzinga.com

August 08, 2023 | 8:39 pm

LILAK

Liberty Latin America (NASDAQ:LILAK) reported Q2 sales of $1.12 billion, missing the analyst consensus estimate of $1.15 billion by 2.35 percent. This represents a 7.80 percent decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:38 pm

NRDY

Nerdy (NYSE:NRDY) reported Q2 earnings of $0.00 per share, beating the analyst consensus estimate of $(0.01) by 140 percent. This is a 103.08 percent increase over losses of $(0.13) per share from the same period last year. The company also reported quarterly sales of $48.84 million, beating the analyst consensus estimate of $45.93 million by 6.33 percent, a 15.77 percent increase over sales of $42.19 million the same period last year.

Portfolio Pulse from mahesh@benzinga.com

August 08, 2023 | 8:38 pm

LYFT

Lyft Inc reported Q2 financial results with revenue of $1.02 billion, up 3% YoY, and EPS of 16 cents, beating Street consensus estimates. The company reported 21.5 million active riders, up 8.2% YoY, and rideshare rides up 18% YoY. Lyft is guiding for Q3 revenue in a range of $1.13 billion to $1.15 billion, and adjusted EBITDA in a range of $75 million to $85 million. However, Lyft shares are down 2.34% in after-hours trading.

Portfolio Pulse from Chris Katje

August 08, 2023 | 8:38 pm

VZIO

VIZIO Holding (NYSE:VZIO) reported Q2 earnings of $0.01 per share, unchanged YoY. The company's quarterly sales were $394.40 million, beating the analyst consensus estimate of $378.61 million by 4.17%, but representing a 3.55% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 8:37 pm

LZ

LegalZoom has projected its FY23 revenue to be between $642M and $652M, which is slightly below the estimated $643.9M. The company also expects its EBITDA to be between $105M and $110M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:37 pm

RVNC

Revance Therapeutics reported Q2 losses of $(0.80) per share, missing the analyst consensus estimate of $(0.77) by 3.9%. The company also reported quarterly sales of $58.13 million, missing the estimate of $59.35 million by 2.05%. However, this is a 104.93% increase over sales of $28.37 million the same period last year.

Portfolio Pulse from saritha@benzinga.com

August 08, 2023 | 8:37 pm

DDI

DoubleDown Interactive (NASDAQ:DDI) reported Q2 earnings of $0.49 per share, beating the analyst consensus estimate of $0.41 by 19.51%. However, the company's quarterly sales of $75.19 million missed the analyst consensus estimate of $77.49 million by 2.97%. This represents a 6.68% decrease over sales of $80.57 million the same period last year.

Portfolio Pulse from totan@benzinga.com

August 08, 2023 | 8:37 pm

HHC

Howard Hughes Corporation (HHC) has revised its 2023 Master Planned Communities (MPC) Earnings Before Tax (EBT) forecast, now expecting it to be flat to down 10% year-over-year. This is an improvement from the previous forecast of a 25%-35% decline.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:36 pm