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Roblox Corporation's Q2 results missed estimates, causing a 21% drop in shares. Despite this, the company continues to expand its partnerships and brand activations, including collaborations with Meta Platforms, Spotify Technology, and H & M Hennes & Mauritz AB. Roblox reported a net loss of $282.8 million, attributed to increased expenses associated with growth. However, daily active users rose 25% YoY, and the company aims to reach 1 billion daily users. Roblox's entry into the Meta virtual headset market was successful, with over one million downloads in five days.

Portfolio Pulse from Upwallstreet

August 17, 2023 | 6:17 pm

AFRM

Affirm Holdings has seen a significant increase in call options for August 25 at $16.5. The volume of 742 contracts is higher than the open interest of 647 contracts. This activity occurred ahead of the company's earnings announcement scheduled for August 24 after market close.

Portfolio Pulse from Charles Gross

August 17, 2023 | 6:08 pm

NTES

TCEHY

Tencent Holdings ADR (OTC:TCEHY) reported slower-than-expected Q2 revenue growth due to a sluggish economy and competition in the gaming industry. Despite a 12% increase in international gaming revenue, domestic gaming revenue remained nearly unchanged. The company also faced competition from rivals such as NetEase Inc (NASDAQ:NTES) and miHoYo. Overall revenue rose by 11%, falling short of the average analyst projection. However, net profit surged by 41% compared to the previous year.

Portfolio Pulse from Franca Quarneti

August 17, 2023 | 5:59 pm

CELL

FBIOP

During Thursday's intraday session, several healthcare stocks experienced significant movements. PhenomeX, Tivic Health Systems, Aditxt, Modular Medical, Salarius Pharmaceuticals, and AN2 Therapeutics saw increases in their share prices, with PhenomeX leading the gainers with a 136.4% increase. On the other hand, Fortress Biotech, Novo Integrated Sciences, Bioventus, Navidea Biopharmaceutical, T2 Biosystems, and Alaunos Therapeutics experienced decreases in their share prices, with Fortress Biotech leading the losers with a 24.5% decrease.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 5:31 pm

ASUR

KULR

LYTS

RCRT

During Thursday's intraday session, several industrials stocks experienced significant movements. Gainers included Recruiter.Com Group (RCRT), LSI Industries (LYTS), Knightscope (KSCP), Nuburu (BURU), GEE Group (JOB), and Triumph Group (TGI). Losers included KULR Tech Gr (KULR), Surf Air Mobility (SRFM), Asure Software (ASUR), Lightning eMotors (ZEV), Wheels Up Experience (UP), and Graphex Gr (GRFX). Most of these movements were accompanied by higher than average trading volumes.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 5:31 pm

PLTR

Shares of Palantir Technologies Inc. (NYSE:PLTR) are trading lower, continuing a downward trend that started after the company reported its Q2 financial results. The stock is down by 12.5% over the last month, but remains up by 50% over the last three months. The company reported Q2 earnings per share of 5 cents and quarterly revenue of $533.317 million, a 13% YoY increase, in line with expectations.

Portfolio Pulse from Erica Kollmann

August 17, 2023 | 5:04 pm

MDT

Medtronic Plc (NYSE:MDT) is set to report its Q1 FY24 earnings on 8/22/23. Analysts from Needham expect the company to beat consensus revenue and EPS due to strong elective procedure growth and conservative guidance from management. They also anticipate a raise in FY24 guidance. Medtronic's strategy includes mergers, acquisitions, and divestitures to boost its market growth rate. The company's shares are currently up 0.39% at $81.89.

Portfolio Pulse from Vandana Singh

August 17, 2023 | 4:36 pm

NNOX

NANO-X IMAGING reported better-than-expected Q2 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 4:16 pm

AHI

CELL

CREX

EMKR

LYTS

TRMR

WMT

US stocks traded lower with the Nasdaq Composite falling around 50 points. Energy shares rose by 2.2% while consumer discretionary shares fell by 0.5%. Walmart reported better-than-expected Q2 earnings and raised FY24 outlook. PhenomeX, LSI Industries, and Advanced Health Intelligence saw their shares rise after positive news. Creative Realities, EMCORE Corporation, and Tremor International saw their shares drop after negative news. Oil traded up 1.6% to $80.64.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 4:16 pm

TGT

WMT

Target Corp (TGT) reported a decline in quarterly sales after the Pride month backlash, even as rival Walmart (WMT) smashed Q2 estimates. Analysts have mixed views on Target's future, with some maintaining an Outperform rating while others hold a more cautious stance. Factors affecting Target's performance include backlash against its Pride merchandising, softening in discretionary spending, and lower price increases in essential categories.

Portfolio Pulse from Priya Nigam

August 17, 2023 | 4:07 pm