Streetbeat News

Earnings

MAG

MAG Silver reported Q2 earnings of $0.19 per share, beating the analyst consensus estimate of $0.16 by 18.75%. This is a 137.5% increase from the same period last year. The company also reported $134.77K in sales, a 648.72% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:33 am

ICCH

ICC Holdings (NASDAQ:ICCH) reported Q2 earnings of $0.20 per share, a 114.81% increase YoY. The company also reported $20.65 million in sales, a 39.56% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:23 am

Morgan Stanley's Chief Investment Officer, Mike Wilson, warns of an impending earnings recession due to declining inflation. He attributes this to the boom-bust cycle caused by expansive fiscal policy during the pandemic and tight monetary policy over the past year. Despite these warnings, investors continue to invest in stocks due to cooling inflation and a strong economy. Wilson's team also highlighted the risks if fiscal spending is reduced due to political or funding challenges.

Portfolio Pulse from Benzinga Neuro

August 08, 2023 | 5:09 am

LCID

Lucid Motors (NASDAQ:LCID) plans to start production of its limited-production Air Sapphire in September and begin customer deliveries in October. The company also plans to unveil its Gravity SUV in November. The company ended the quarter with total liquidity of approximately $6.25 billion, which is expected to cover the production of Gravity and into 2025.

Portfolio Pulse from Anan Ashraf

August 08, 2023 | 5:06 am

BYND

LCID

PARA

PLTR

TSLA

US stocks closed in the green on Monday with Dow Jones, NASDAQ, and S&P 500 registering gains. Five stocks that gained attention were Palantir Technologies, Lucid Group, Beyond Meat, Paramount Global, and Tesla. Palantir's stock declined ahead of its quarterly results, with strong demand for its new AI platform. Lucid Group's shares dipped after missing Q2 revenue estimates. Beyond Meat's stock decreased following disappointing quarterly results. Paramount Global's stock surged after surpassing Q2 revenue estimates. Tesla's stock declined slightly after CFO Zachary Kirkhorn decided to leave the company.

Portfolio Pulse from Benzinga Neuro

August 08, 2023 | 1:37 am

ASUR

Asure Software (NASDAQ:ASUR) reported Q2 earnings of $0.05 per share, beating the analyst consensus estimate of $0.01 by 400%. This is a 225% increase over losses from the same period last year. The company also reported quarterly sales of $30.42 million, beating the analyst consensus estimate of $25.36 million by 19.95%. This is a 49.85% increase over sales from the same period last year.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 10:02 pm

RSLS

Reshape Lifesciences (NASDAQ:RSLS) reported Q2 earnings per share of $(1.08), beating the analyst consensus estimate of $(1.79) by 39.66%. However, the company's quarterly sales of $2.25 million missed the analyst consensus estimate of $2.61 million by 13.64%. This represents a 22.06% decrease in sales compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

August 07, 2023 | 9:51 pm

JHX

James Hardie Industries (NYSE:JHX) reported Q1 earnings of $0.39 per share, an increase of 11.43% YoY. However, sales decreased by 4.67% to $954.30 million compared to $1.00 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 9:43 pm

BECN

CTRM

DNB

EAF

MRC

MTW

MVST

RAIL

RCRT

STRL

UAVS

Several industrial stocks experienced significant movement in Monday's after-market session. Gainers included Recruiter.Com Group (RCRT), Microvast Holdings (MVST), Sterling Infrastructure (STRL), Manitowoc Co (MTW), FreightCar America (RAIL), and AgEagle Aerial Sys (UAVS). Losers included MRC Global (MRC), Beacon Roofing Supply (BECN), GrafTech International (EAF), Castor Maritime (CTRM), and Dun & Bradstreet Hldgs (DNB). Most of these movements were associated with the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 9:32 pm

CHGG

CLAR

In Monday's after-market session, several consumer discretionary stocks saw significant movement. Chegg (CHGG) was a notable gainer, with its stock rising by 25.3% following the release of its Q2 earnings report. Other gainers included Digital Brands Group (DBGI), Cango (CANG), Sweetgreen (SG), Potbelly (PBPB), and Chijet Motor Co (CJET). On the losing side, Clarus (CLAR), Polished.com (POL), EZGO Technologies (EZGO), E-Home Household Service (EJH), Lottery.com (LTRY), and Superior Group of Cos (SGC) saw their stocks fall.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 9:32 pm