Streetbeat News

Earnings

COHR

CTM

CYN

IDAI

MVLA

PBTS

SONM

SVRE

TLS

VERB

VHC

WETG

The article reports on the performance of 12 Information Technology stocks in Wednesday's pre-market session. T Stamp, Telos, Cyngn, WeTrade Group, Movella Holdings, and Saverone 2014 saw gains, while Castellum, Coherent, Powerbridge Technologies, Sonim Technologies, VirnetX Holding, and Verb Tech experienced losses. Q2 earnings reports for T Stamp, Castellum, and VirnetX Holding and Q4 earnings report for Coherent were mentioned.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 1:06 pm

MDGS

Contrary to previous reports, Medigus Ltd. did not release its company earnings today.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:03 pm

TJX

TJX Companies Inc reported Q2 FY24 sales growth of 8% YoY to $12.76 billion, beating the analyst consensus estimate of $12.45 billion. The company raised its FY24 adjusted EPS outlook to $3.56 - $3.62, against the consensus of $3.59. TJX shares are trading higher by 2.50% at $87.91 in premarket on the last check Wednesday.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 1:02 pm

MDGS

Medigus has reported its H1 revenue of $48.016M, which is an increase from $45.337M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:53 pm

NU

Nu Holdings Ltd (NYSE:NU) shares are trading higher after the company reported better-than-expected Q2 FY23 results. The company posted a 60% Y/Y revenue growth to $1.87 billion, beating the consensus of $1.75 billion. Nu added 4.6 million customers in Q2, reaching 83.7 million globally. Gross profit expanded to $782 million, up 113% Y/Y, with the margin rising to 42% from 31% a year ago. Adjusted net income rose to $262.7 million from $17.0 million prior year. The company's Q2 EPS was $0.0464 vs. EPS loss of $(0.0064) the prior year.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 12:47 pm

CAVA

TGT

TJX

Target's Q2 adjusted EPS of $1.80 beat estimates but sales of $24.77B missed the $25.18B estimate. The TJX Companies reported Q2 FY24 comp store sales growth of 6%, pretax profit margin of 10.4%, and EPS growth of 23%. Cava Group's Q2 EPS of $0.21 beat estimates and sales of $172.89M also beat the $163.20M estimate.

Portfolio Pulse from ryanfaloona@benzinga.com

August 16, 2023 | 12:40 pm

MRCY

Mercury Systems reported worse-than-expected Q4 financial results and issued FY24 adjusted EPS and revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:39 pm

CAVA

CAVA Group Inc. reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:39 pm

TGT

Target's CFO has reported that the company's comparable sales fell by 7% in June and 5% in July. This indicates a slowdown in sales growth for the retail giant.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:37 pm

DLO

DLocal's shares are trading higher following the company's Q2 financial results, which exceeded expectations. The company also reaffirmed its FY23 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:37 pm