Streetbeat News

Earnings

MODG

Topgolf Callaway Brands (NYSE:MODG) reported Q2 earnings of $0.39 per share, beating the analyst consensus estimate of $0.34 by 14.71%. However, this is a 17.02% decrease from the same period last year. The company's quarterly sales of $1.18 billion missed the analyst consensus estimate of $1.19 billion by 0.84%, but it's a 5.73% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:27 pm

TNON

Tenon Medical (NASDAQ:TNON) reported Q2 EPS of $(0.33), beating the estimate of $(0.38) by 13.16%. However, the company's sales of $743.00K missed the estimate of $1.00M by 25.70%. Despite the miss, this represents a 450.37% increase in sales compared to the same period last year.

Portfolio Pulse from vinayak@benzinga.com

August 08, 2023 | 8:27 pm

CMP

Compass Minerals Intl (NYSE:CMP) reported Q3 earnings of $1.01 per share, a 731.25% increase YoY. However, the company's quarterly sales of $207.60 million missed the analyst consensus estimate of $216.00 million by 3.89%, marking a 3.31% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:27 pm

AAPL

APP

Benchmark analyst Mark Zgutowicz maintains a bearish view on AppLovin Corp (APP) ahead of its Q2 report, despite a raised price target from $14 to $17. The analyst cites concerns over Apple Inc's (AAPL) inevitable eradication of fingerprinting, which APP's platform signals are materially dependent on, and ongoing restrictive IDFA dynamics as reasons for his skepticism. He also questions APP's longer-term ROAS trajectory and the company's ability to predict platform efficacy improvements.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 8:27 pm

PNTG

Pennant Gr (NASDAQ:PNTG) reported Q2 earnings of $0.18 per share, beating the analyst consensus estimate of $0.16 by 12.5%. This is a 28.57% increase over earnings of $0.14 per share from the same period last year. The company also reported quarterly sales of $132.28 million, beating the analyst consensus estimate of $126.70 million by 4.40%. This is a 13.73% increase over sales of $116.32 million the same period last year.

Portfolio Pulse from saritha@benzinga.com

August 08, 2023 | 8:27 pm

OPRT

Oportun Financial (NASDAQ:OPRT) reported Q2 earnings of $0.06 per share, beating the analyst consensus estimate of $(0.14) by 142.86%. However, this is a 45.45% decrease from the same period last year. The company also reported quarterly sales of $267.00 million, beating the analyst consensus estimate of $251.54 million by 6.15%, and marking an 18.25% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:26 pm

GNW

Genworth Financial (NYSE:GNW) reported Q2 earnings of $0.18 per share, beating the analyst consensus estimate of $0.17 by 5.88%. However, this is a 47.06% decrease from the same period last year. The company also reported quarterly sales of $1.89 billion, beating the estimate of $1.88 billion by 0.64%, a 0.58% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:26 pm

VCYT

Veracyte (NASDAQ:VCYT) reported Q2 losses of $(0.12) per share, beating the analyst consensus estimate of $(0.14) by 14.29%. This is a 7.69% increase over losses from the same period last year. The company also reported quarterly sales of $90.32 million, beating the analyst consensus estimate of $74.66 million by 20.98%, a 23.96% increase over sales from the same period last year.

Portfolio Pulse from saritha@benzinga.com

August 08, 2023 | 8:26 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) reported Q2 earnings with revenue of $1.12 billion, beating the Street consensus estimate of $978.9 million. The company also reported an adjusted loss of $1.08 per share, better than the estimated loss of $1.41 per share. Operating expenses were down from $1 billion YoY, and the net loss was $1.29 billion, compared to $1.71 billion a year ago. Rivian produced 13,992 vehicles and delivered 12,640 in Q2, up 50% and 60% QoQ respectively. The company ended Q2 with $10.2 billion in cash and cash equivalents. Rivian is raising its full-year production guidance from 50,000 units to 52,000 units and expects a full-year adjusted EBITDA loss of $4.2 billion.

Portfolio Pulse from Chris Katje

August 08, 2023 | 8:25 pm

IIIV

i3 Verticals reported Q3 earnings of $0.38 per share, in line with analyst estimates, and a 2.7% increase from last year. However, the company's quarterly sales of $93.93M missed the consensus estimate of $94.19M by 0.27%, despite a 16.61% increase from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

August 08, 2023 | 8:25 pm