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Earnings

BNTX

PFE

BioNTech SE (BNTX) reported Q2 revenues of €167.7 million, a significant drop from €3.2 billion a year ago. The company's gross profit share was reduced due to write-offs by collaboration partner Pfizer Inc (PFE). BioNTech also reported an EPS loss of €(0.79) compared to an income of €6.45 a year ago. The company reiterated its Covid-19 vaccine revenue guidance at approximately €5 billion and reduced its R&D expenses and Capex guidance.

Portfolio Pulse from Vandana Singh

August 07, 2023 | 1:55 pm

MF

QSI

SAGE

SVFD

TIVC

TSN

VTGN

The Dow Jones gained over 250 points, with communication services shares jumping by 1%. Tyson Foods reported worse-than-expected Q3 results, with adjusted earnings of 15 cents per share, missing market expectations of 34 cents per share. Vistagen Therapeutics, Save Foods, and Missfresh Limited saw significant stock increases, while Sage Therapeutics, Tivic Health Systems, and Quantum-Si saw stock decreases.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 1:50 pm

PLTR

Palantir Technologies Inc (NASDAQ:PLTR) shares are volatile ahead of the company's Q2 financial results. Analysts expect earnings of 5 cents per share on revenue of $533.88 million. The company has seen increased demand for its AI platform and has announced several new contracts. However, analysts' opinions vary, with Wedbush giving an Outperform rating and a $25 price target, while RBC Capital maintains an Underperform rating with a $5 price target. Palantir has beat revenue expectations in 10 straight quarters.

Portfolio Pulse from Adam Eckert

August 07, 2023 | 1:48 pm

GMVD

G Medical Innovations Holdings Ltd. (NASDAQ:GMVD) has reported significant milestones and is on track for revenue growth and profitability. The company has seen growth in its monitoring services and is preparing to launch its 'At Home Test Kits' business unit. The company has also announced collaboration agreements with AdventHealth and Memorial Hermann Health Systems for its Remote Health Monitoring devices and services. The company is also planning to launch new products and services, including a blood pressure watch and Oxygen saturation watch, in Q4 2023.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:46 pm

SIEB

Siebert Financial (NASDAQ:SIEB) reported Q2 earnings of $0.07 per share, a 250% increase YoY. The company also reported $17.60 million in sales, a 50.13% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:44 pm

TSN

Tyson Foods Inc reported a 3% YoY decline in Q3 FY23 sales to $13.14 billion, missing the analyst consensus of $13.78 billion. Sales volume of Beef fell 5.3%, Pork declined 1.8%, Chicken climbed 2.8%, and Prepared Foods dropped 0.7%. Gross profit plunged 57.9% from $1.6 billion to $677 million. The company reported an operating loss of $350 million compared to an income of $1.03 billion last year. Adjusted EPS of $0.15 missed the analyst consensus of $0.34. The company held $699 million in cash and equivalents as of July 1, 2023. Adjusted EBITDA for nine months decreased 64.2% to $1.6 billion.

Portfolio Pulse from Shivani Kumaresan

August 07, 2023 | 1:42 pm

VTRS

Viatris shares are trading higher after the company reported better-than-expected Q2 earnings.

Portfolio Pulse from Bill Haddad

August 07, 2023 | 1:38 pm

KKR

KKR & Co. Inc. shares are trading higher after the company reported better-than-expected Q2 results.

Portfolio Pulse from Bill Haddad

August 07, 2023 | 1:38 pm

SDOT

Sadot Group (NASDAQ:SDOT) reported Q2 sales of $213.00 million, beating the analyst consensus estimate of $203.96 million by 4.43 percent. This represents a 7.17K percent increase over sales of $2.93 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:35 pm

NKLA

Nikola Corp's shares are trading higher after a significant drop on Friday due to mixed Q2 results and an abrupt CEO transition. The company reported Q2 revenue of $15.36 million, missing estimates of $15.43 million, but beat loss per share estimates. Nikola delivered 45 vehicles via wholesale and 66 vehicles via retail in Q2. CEO Michael Lohscheller stepped down due to a family health matter, with board chairman Steve Girsky assuming the role.

Portfolio Pulse from Adam Eckert

August 07, 2023 | 1:33 pm