Streetbeat News

Earnings

TWLO

Twilio Inc. (NYSE:TWLO) is expected to report Q2 earnings of 30 cents per share, up from a loss of 11 cents per share a year ago. Revenue is projected to be $985.96 million, up from $943.35 million. The company's shares rose 0.5% to close at $61.59 on Monday. Recent analyst ratings have varied, with price targets ranging from $53 to $75.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 1:20 pm

NVAX

Novavax has updated its FY23 revenue guidance to $1.3B-$1.5B, a decrease from the previous guidance of $1.4B-$1.6B. This is also below the consensus estimate of $1.44B.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:19 pm

AIRI

Air Industries (AMEX:AIRI) reported a decrease in Q2 sales to $13.20 million, down 5.71% from $14.00 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:16 pm

FOXA

Fox Corp (NASDAQ:FOXA) reported Q4 FY23 revenue of $3.03 billion, beating the consensus of $3.02 billion. Affiliate revenues increased 3% Y/Y to $1.77 billion, led by 9% growth in the Television segment. Advertising revenues decreased 4% Y/Y to $1.01 billion. Adjusted EPS of $0.88 beat the consensus of $0.71. Fox raised the quarterly dividend to $0.26 per share, up from $0.25 and authorized a $7 billion stock repurchase program.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 1:16 pm

UAA

Under Armour reported Q1 FY24 sales of $1.32 billion, a 2% decline YoY but above the analyst consensus of $1.30 billion. Wholesale revenue decreased 6% YoY, while direct-to-consumer revenue increased 4%. The company's EPS was $0.02, beating the consensus of $(0.03). For FY24, Under Armour expects revenue to be flat to slightly up and EPS of $0.47 - $0.51. UAA shares are trading lower by 0.26% in premarket.

Portfolio Pulse from Shivani Kumaresan

August 08, 2023 | 1:15 pm

NOG

PXD

VLO

Three energy stocks with over 3% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Pioneer Natural Resources Company (PXD), Valero Energy Corporation (VLO), and Northern Oil and Gas, Inc. (NOG). All three companies have recently reported better-than-expected results for Q2.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 1:11 pm

MPW

Medical Properties Trust reported lower than expected Q2 sales results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:11 pm

UAA

An executive at Under Armour has stated that the company expects its gross margin to increase by about 100 to 150 basis points in Q2.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:10 pm

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