Streetbeat News

Earnings

ZEPP

Zepp Health reported a Q2 EPS loss of $(0.15), a 15.38% decline from last year's $(0.13) loss. Sales also fell by 54.59% to $40.60M from $89.40M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 7:35 am

BWLP

BW LPG reported a slight decrease in Q2 EPS to $0.58 from $0.59 YoY, but profit after tax increased to $84.9M from $78.2M YoY. The company declared a Q2 2024 cash dividend of $0.58 per share and announced the acquisition of 12 VLGCs from Avance Gas for $1,050 million. BW LPG also completed its redomiciliation to Singapore and noted increased trading volume due to its US listing.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:17 am

AEG

Aegon reported a decrease in H1 operating results to €750 million from €818 million year-over-year, and a net loss of €65 million, an improvement from a €199 million loss year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 5:52 am

SNOW

Snowflake's CEO, Sridhar Ramaswamy, downplayed the impact of a recent cyberattack on the company's core business, despite an 8% stock drop following their Q2 earnings report. The company exceeded earnings expectations and raised its full-year product revenue forecast, but concerns over lower operating margins contributed to the stock's decline.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 2:47 am

GOVX

SNOW

TGT

TSLA

ZM

U.S. stocks showed resilience as traders awaited Federal Reserve Chair Jerome Powell's address. Snowflake, GeoVax, Zoom, Target, and Tesla were notable gainers due to various positive developments, including earnings reports and market news.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 2:31 am

PANW

Palo Alto Networks (PANW) reported strong Q4 earnings, beating analyst estimates and raising FY 2025 guidance. This led to a rally in PANW shares, benefiting Nancy Pelosi, who had disclosed buying call options earlier this year. Analysts have raised price targets following the earnings report.

Portfolio Pulse from Chris Katje

August 21, 2024 | 10:22 pm

LU

Lufax has announced that it will not pay a semi-annual dividend due to a net loss recorded in the first half of the year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:06 pm

LU

Lufax Holding reported Q2 2024 earnings per ADS of $(0.19), missing the sales estimate of $839.48M with actual sales of $822M.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:05 pm

LULU

TGT

Lululemon Athletica Inc. (LULU) shares rose following Target's strong Q2 earnings, which boosted sentiment in the retail sector. Target's results showed significant year-over-year growth in EPS and operating income, with notable improvements in apparel sales. Investors are now anticipating Lululemon's Q2 earnings report on August 29.

Portfolio Pulse from Vaishali Prayag

August 21, 2024 | 9:31 pm

WOLF

Wolfspeed, Inc. reported worse-than-expected Q4 and FY24 financial results, with losses and revenue missing analyst estimates. Despite this, the stock climbed 6.22% after-hours. The company is focusing on optimizing its capital structure and improving performance at its Mohawk Valley fab.

Portfolio Pulse from Erica Kollmann

August 21, 2024 | 9:15 pm