Streetbeat News

Earnings

MXL

SIMO

During Wednesday's intraday session, several information technology stocks experienced significant movements. Silicon Motion Technology (SIMO), Sigma Additive Solutions (SASI), Soluna Holdings (SLNH), UTStarcom Holdings (UTSI), VIA optronics (VIAO), and Phunware (PHUN) saw gains, while Inpixon (INPX), MaxLinear (MXL), Powerbridge Technologies (PBTS), SpringBig Holdings (SBIG), Rimini Street (RMNI), and UTime (UTME) experienced losses. MaxLinear's Q2 earnings were also released.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:30 pm

EEFT

Euronet Worldwide reported mixed Q2 results, leading to a decrease in its share prices.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 5:30 pm

TDOC

Teladoc's shares are trading higher following the company's Q2 results, which exceeded expectations.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 5:23 pm

META

Meta Platforms Inc's stock has seen a 139% growth this year but recently experienced an 8% decline. The stock's price has been fluctuating between support and resistance levels. The upcoming earnings report could trigger a significant move in the stock, with projections indicating a rise in earnings per share from $2.20 in Q1 to $2.91 in Q2.

Portfolio Pulse from Zaheer Anwari

July 26, 2023 | 5:18 pm

MPWR

TXN

Shares of Monolithic Power Systems Inc (NASDAQ:MPWR) are trading lower by 5.43% due to a negative sentiment in the semiconductor and chip stocks sector, following Texas Instruments Inc's lower than expected third-quarter EPS guidance. Texas Instruments reported a 23.67% decrease in quarterly earnings per share, but exceeded expectations with quarterly sales of $4.53 billion. The overall market volatility ahead of the Fed decision also contributed to the decline in MPWR's shares.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 5:16 pm

SMCI

TXN

Shares of Super Micro Computer Inc (SMCI) are trading lower by 3.06% due to a negative sentiment in the semiconductor and chip stocks sector, following Texas Instruments Inc's lower than expected third-quarter EPS guidance. SMCI shares are also affected by overall market volatility ahead of the Fed decision. Texas Instruments reported a 23.67% decrease in quarterly earnings per share but exceeded expectations with quarterly sales of $4.53 billion.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 5:15 pm

APH

Amphenol Corporation (NYSE:APH) reported a 2.6% YoY decline in Q2 FY23 sales to $3.054 billion, beating the consensus of $2.95 billion. The decline was due to reductions in the IT datacom, mobile networks, and mobile devices markets. Non-GAAP EPS of $0.72 topped the consensus of $0.68. The company exited the quarter with $1.5 billion in cash and equivalents. For Q3, the company expects sales of $3.04 billion - $3.10 billion and adjusted EPS of $0.72 - $0.74.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 5:14 pm

AMD

TXN

Shares of Advanced Micro Devices, Inc. (AMD) are trading lower by 2.52% due to lower guidance from Texas Instruments Inc (TXN) and overall market volatility. Texas Instruments reported a 23.67% decrease in quarterly earnings but exceeded sales expectations. AMD's 52-week high is $132.83 and low is $54.57.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 5:13 pm

PDD

PDD Holdings has an option alert for Sep 15 $90 calls sweep near the ask with 635 @ $5.75 versus 3331 open interest. The company's earnings are expected on 8/28 before the market opens. The reference price is $85.33.

Portfolio Pulse from Charles Gross

July 26, 2023 | 5:06 pm

OVV

Ovintiv (NYSE:OVV) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $0.84. The company's past performance shows a trend of missing EPS estimates and subsequent share price drops. Shares are currently trading at $42.57, down 12.11% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:03 pm