Streetbeat News

Earnings

BMBL

Bumble reported Q2 earnings of $0.05 per share, beating the analyst consensus estimate of $0.03 by 66.67%. This is a 266.67% increase over losses from the same period last year. The company also reported quarterly sales of $260.00 million, beating the analyst consensus estimate of $256.61 million by 1.32%. This is a 17.94% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:07 pm

PODD

Insulet Corporation has raised its revenue growth expectations for FY23 to 22%-25%, up from the previous 18%-22%. The company also expects Q3 revenue growth of 18%-21%. The growth is expected to be driven by its Omnipod product line, with U.S. Omnipod expected to grow 33%-36% and International Omnipod 7%-10%. However, the Drug Delivery product line is expected to decline by 50%-45%. The company reaffirms its gross margin of 65%-66% and expects an operating margin in the high-single digits for FY23.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 8:07 pm

DUOL

Duolingo reported Q2 earnings of $0.08 per share, beating the analyst consensus estimate of $(0.19) by 142.11%. This is a 121.05% increase over losses from the same period last year. The company also reported quarterly sales of $126.84 million, beating the analyst consensus estimate of $123.87 million by 2.40%. This is a 43.51% increase over sales from the same period last year.

Portfolio Pulse from totan@benzinga.com

August 08, 2023 | 8:07 pm

WKHS

Workhorse Group Inc (NASDAQ:WKHS) reported Q2 2023 sales of $3.97 million, missing the consensus of $14.9 million. The company delivered 42 Class 4 vehicles and won purchase orders for 62 vehicles, including the first two for the W56. The gross loss was $4.46 million, and the operation loss was $23.5 million. The company held $62.4 million in cash and equivalents. Workhorse cut FY23 revenue to $65 million - $85 million from the prior $75 million-$125 million. WKHS shares closed lower by 6.78% at $1.10 on Tuesday.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 8:06 pm

CELH

Celsius Holdings (NASDAQ:CELH) reported Q2 earnings of $0.52 per share, beating the analyst consensus estimate of $0.29 by 79.31%. This is a 333.33% increase from the same period last year. The company also reported quarterly sales of $326.00 million, beating the analyst consensus estimate of $274.59 million by 18.72%. This is a 111.66% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:06 pm

TWLO

Twilio reported Q2 earnings of $0.54 per share, beating the analyst consensus estimate of $0.29 by 86.21%. This is a 590.91% increase over losses of $(0.11) per share from the same period last year. The company also reported quarterly sales of $1.04 billion, beating the analyst consensus estimate of $984.52 million by 5.64%. This is a 10.24% increase over sales of $943.35 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:06 pm

LYFT

Lyft has reported Q2 sales of $1.02 billion, which is in line with analyst consensus estimates. This represents a 3.05% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:06 pm

AXON

Axon Enterprise (NASDAQ:AXON) reported Q2 earnings of $1.11 per share, beating the analyst consensus estimate of $0.62 by 79.03%. This is a 152.27% increase from the same period last year. The company also reported quarterly sales of $374.61 million, beating the analyst consensus estimate of $347.53 million by 7.79%. This is a 31.16% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:06 pm

CCSI

Consensus Cloud Solutions (NASDAQ:CCSI) reported Q2 earnings of $1.36 per share, beating the analyst consensus estimate of $1.25 by 8.8%. However, the company's quarterly sales of $92.79 million missed the analyst consensus estimate of $94.10 million by 1.39%. Compared to the same period last year, earnings decreased by 6.21% and sales decreased by 0.40%.

Portfolio Pulse from vinayak@benzinga.com

August 08, 2023 | 8:06 pm

PODD

Insulet (NASDAQ:PODD) reported Q2 earnings of $0.38 per share, beating the analyst consensus estimate of $0.24 by 58.33%. This is a 733.33% increase from the same period last year. The company also reported quarterly sales of $396.50 million, beating the analyst consensus estimate of $383.97 million by 3.26%, a 32.43% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 8:06 pm