Streetbeat News

Earnings

CHGG

Chegg Inc's shares are trading higher after reporting strong Q2 results and an increased focus on generative AI tools. The company beat revenue estimates with $182.9 million and met EPS estimates with 28 cents. Chegg also reported improved customer acquisition and retention rates. The company expects Q3 revenue between $151 million and $153 million, with subscription service revenues between $135 million and $137 million. Piper Sandler and JPMorgan analysts maintained a Neutral rating for Chegg, raising the price target to $13 and $14 respectively.

Portfolio Pulse from Adam Eckert

August 08, 2023 | 1:09 pm

APT

Alpha Pro Tech (AMEX:APT) reported Q2 earnings of $0.10 per share, a 100% increase YoY. However, sales decreased by 7.24% to $16.11 million compared to $17.37 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:08 pm

CHGG

Chegg reported better-than-expected Q2 sales results and provided updates on its platform and AI. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:07 pm

WKHS

Workhorse Group has revised its FY23 revenue forecast to $65M-$85M, down from the previous estimate of $75M-$125M. This is also lower than the market estimate of $78.75M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:07 pm

PWSC

PowerSchool Holdings, Inc. (NYSE:PWSC) reported Q2 earnings in line with market expectations and sales of $173.90 million, beating estimates of $171.28 million. The company forecasts Q3 revenue of $178 million to $181 million. Following the earnings announcement, several analysts increased their price targets on PowerSchool. The company's shares fell 1.8% in pre-market trading.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 1:06 pm

CHGG

ISPO

NRDY

In Tuesday's pre-market session, several consumer discretionary stocks saw significant movement. Inspirato (ISPO), Chegg (CHGG), Nerdy (NRDY), a.k.a. Brands Holding (AKA), Digital Brands Group (DBGI), and REE Automotive (REE) all saw gains, with ISPO, CHGG, and NRDY releasing Q2 earnings. Meanwhile, Polished.com (POL), Esports Entertainment (GMBL), Lottery.com (LTRY), Li Auto (LI), and EBET (EBET) all experienced losses, with LI also releasing Q2 earnings.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 1:06 pm

CTRM

Castor Maritime (NASDAQ:CTRM) reported a significant decrease in Q2 earnings and sales YoY. Earnings per share fell by 68.97% to $0.09 from $0.29, and sales dropped by 62.55% to $25.28M from $67.50M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:06 pm

ENVB

HIMS

ICUI

INFI

INGN

MNPR

MRVI

RENB

RXST

SILO

VTGN

VVOS

Several healthcare stocks experienced significant movement in Tuesday's pre-market session. Vivos Therapeutics, Infinity Pharmaceuticals, Monopar Therapeutics, RxSight, Hims & Hers Health, and SILO Pharma saw increases, with Vivos Therapeutics leading with a 102.7% rise. Renovaro Biosciences, Vistagen Therapeutics, Maravai LifeSciences, ICU Medical, Inogen, and Enveric Biosciences experienced decreases, with Renovaro Biosciences leading the decline at 20.2%. Q2 earnings reports were released for RxSight, Hims & Hers Health, Maravai LifeSciences, ICU Medical, and Inogen.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 1:06 pm

TDW

Tidewater Inc. reported worse-than-expected Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:06 pm

AYX

DDOG

DSP

GRRR

SEAC

Several information technology stocks experienced significant movement in Tuesday's pre-market session. Notable gainers included Gorilla Tech Gr (GRRR), Kyndryl Hldgs (KD), Viant Technology (DSP), Ondas Holdings (ONDS), ePlus (PLUS), and Marin Software (MRIN). On the other hand, SeaChange International (SEAC), Datasea (DTSS), Alteryx (AYX), Datadog (DDOG), Thoughtworks Holding (TWKS), and RingCentral (RNG) saw their stocks decline.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 1:06 pm