Streetbeat News

Earnings

BMBL

Bumble Inc. (BMBL) reported a 28% year-over-year increase in paying users, reaching 2.5 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:08 pm

CLOV

Clover Health Investments (NASDAQ:CLOV) reported Q2 sales of $513.63 million, beating the analyst consensus estimate of $490.82 million by 4.65 percent. However, this represents a 39.34 percent decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:08 pm

VTEX

Vtex (NYSE:VTEX) reported Q2 losses of $(0.04) per share, missing the analyst consensus estimate of $(0.02) by 75 percent. However, the company's quarterly sales of $47.89 million beat the analyst consensus estimate of $45.58 million by 5.06 percent.

Portfolio Pulse from vinayak@benzinga.com

August 08, 2023 | 8:08 pm

TTWO

Take-Two Interactive Software has reported Q1 2024 net bookings of $1.2 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:07 pm

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