Streetbeat News

Earnings

AIRT

Air T reported Q1 losses of $0.19 per share, a 62% improvement from the same period last year. The company also reported a 40.28% increase in sales to $71.40 million.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:41 pm

AGBA

AGBA Group Holding reported its Q2 revenue of $17M, marking a 325% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:38 pm

AMC

DIS

PENN

PLUG

RIVN

The S&P 500 and Nasdaq Composite saw losses while the Dow Jones gained. July's consumer price index rose to 3.2% in annual inflation, below market expectations. Stifel's Chief Equity Strategist predicts a flat market for the rest of the year. Penn Entertainment Inc announced an exclusive sports betting deal with ESPN, causing a 20% spike in shares, but ended the week with a 4.47% loss. Disney reported a mixed third quarter, with revenue growing 4% annually but below analyst expectations. AMC Entertainment Holdings ended the week 4.37% higher after reporting earnings. Rivian Automotive Inc lost more than 16% of its value this week after reporting losses. Plug Power Inc shares tanked 20.78% despite better-than-expected quarterly results. Canopy Growth, Curaleaf Holdings, and Aurora Cannabis Inc all saw losses after reporting earnings.

Portfolio Pulse from Natan Ponieman

August 11, 2023 | 8:37 pm

AIMD

Ainos (NASDAQ:AIMD) reported a significant decrease in Q2 sales, down to $28.55 thousand from $636.63 thousand YoY, a 95.51% decrease.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:33 pm

VTVT

vTv Therapeutics reported Q2 losses of $(0.07) per share, which met the analyst consensus estimate. This is a 75% decrease over losses of $(0.04) per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:33 pm

FRTX

Fresh Tracks Therapeutics (NASDAQ:FRTX) reported a significant decrease in Q2 sales, down to $100.00 thousand from $4.32 million YoY. This represents a 97.68 percent decrease.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:31 pm

SELF

Global Self Storage (NASDAQ:SELF) reported Q2 earnings of $0.10 per share, a 9.09% decrease YoY. The company's sales were $3.10 million, a 4.06% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:19 pm

BLIN

Bridgeline Digital (NASDAQ:BLIN) reported Q3 losses of $(0.02) per share, a 200% decrease YoY. Sales also decreased by 7.28% to $3.90 million compared to $4.21 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:14 pm

BABA

Alibaba Group Holding Limited's Q1 FY24 results surpassed estimates, with revenues from various segments showing significant YoY growth. However, analysts acknowledge that maintaining high growth may be challenging moving forward. Bernstein analyst Robin Zhu maintained a Hold rating with a price target of $100.00. Benchmark analyst Fawne Jiang maintained a Buy rating with a price target of $180.00. Morgan Stanley analyst Gary Yu reiterated an Overweight with a price target of $150.00.

Portfolio Pulse from Anusuya Lahiri

August 11, 2023 | 8:13 pm

RANI

Rani Therapeutics Hldgs (NASDAQ:RANI) reported a 19.35% increase in its quarterly losses, with an EPS of $(0.37) compared to $(0.31) in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:11 pm