Streetbeat News

Earnings

DVA

DaVita Inc.'s shares are trading higher after the company reported better-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 4:56 pm

RMD

The article lists the stocks that gained and lost the most during Friday's mid-day trading session. Among the gainers were Missfresh Limited, United States Cellular Corporation, and Tupperware Brands Corporation, while the losers included Mesoblast Limited, Assertio Holdings, Inc., and INVO Bioscience, Inc. ResMed Inc. shares fell by 15.3% due to worse-than-expected fourth-quarter adjusted EPS results.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 4:55 pm

EAF

GrafTech International Ltd. (NYSE:EAF) reported a Q2 sales decline of 49% YoY to $185.56 million, beating the consensus of $179.54 million. The decline was attributed to lower sales volume due to the suspension of operations in Monterrey, Mexico, and industry-wide softness in demand for graphite electrodes. The company also reported an adjusted EPS loss of $(0.02), missing the consensus of $(0.01). GrafTech has suspended its quarterly cash dividend of $0.01 per share and reduced its 2023 sales volume outlook due to ongoing softness in the commercial environment. EAF shares are trading lower by 23.54% at $3.99.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 4:46 pm

SNOW

Shares of Snowflake, Inc. (NYSE:SNOW) are trading higher by 5% on above-average trading volume, despite being down nearly 4% over the last month. The company's CFO, Mike Scarpelli, is set to present at the Stifel Tech Executive Summit and Goldman Sachs Communacopia & Technology Conference. Snowflake will report its Q2 financial results on Aug. 23. SNOW has been one of the top trending tickers on Yahoo! Finance.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 4:44 pm

DLB

Dolby Laboratories' shares are trading lower after the company reported a miss in Q3 revenue.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 4:42 pm

LOPE

Grand Canyon Education reported a Q2 earnings beat and issued strong guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 4:41 pm

MP

MP Materials shares are trading higher after the company reported better-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 4:40 pm

ALTR

Altair Engineering Inc. (ALTR) shares are trading lower after the company issued weak guidance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 4:39 pm

ENV

Envestnet's Q2 sales have missed expectations, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 4:39 pm

COUR

ENVA

HCA

The article discusses key economic indicators and earnings reports of three companies. The Federal Reserve has raised interest rates to a 22-year high, but this is in line with long-term trends. The 2Q GDP was up 2.4%, beating the 1.5% estimate. PMI data indicates potential stagflation. Enova International ($ENVA) reported a 22% revenue growth, beating estimates, and loan originations above $1B. HCA Healthcare ($HCA) reported a 7% revenue increase, beating estimates, and raised guidance for revenue, EBITDA, and EPS. Coursera ($COUR) reported a 23% revenue increase, beating guidance and estimates, and raised 2023 revenue guidance.

Portfolio Pulse from Gary Brode

August 04, 2023 | 4:38 pm