Streetbeat News

Earnings

SOHU

Sohu.Com Limited's shares are trading lower after the company missed its second-quarter estimates and provided a disappointing guidance.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:37 am

GNE

Genie Energy (NYSE:GNE) reported Q2 earnings of $0.57 per share, a 56.15% decrease YoY. However, the company's sales increased by 39.76% to $93.50 million compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:36 am

GOGO

Gogo Inc. reported mixed Q2 results and reduced its FY23 and long-term growth targets, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:35 am

TSN

Tyson Foods (NYSE:TSN) reported Q3 adjusted earnings of $0.15 per share, missing the analyst consensus estimate of $0.34 by 55.88%. This is a 92.27% decrease from the same period last year. The company also reported quarterly sales of $13.14 billion, missing the analyst consensus estimate of $13.78 billion by 4.62%, a 2.63% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:34 am

DKNG

DraftKings Inc (NASDAQ:DKNG) reported Q2 revenue of $874.93 million, up 88% YoY, beating the Street consensus estimate of $759.55 million. Adjusted EPS was 14 cents, also beating the Street consensus estimate of a loss of 25 cents per share. Following the strong earnings, several analysts raised their price targets on DraftKings. The company's shares gained 5.8% to close at $31.74 on Friday and added 1.8% in pre-market trading.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 11:34 am

DKL

Delek Logistics Partners (NYSE:DKL) reported Q2 earnings of $0.73 per share, missing the analyst consensus estimate of $0.81 by 9.88%. This is a 1.35% decrease from the same period last year. The company also reported quarterly sales of $246.91 million, missing the analyst consensus estimate of $281.25 million by 12.21%. This is a 7.44% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:31 am

DAC

Danaos Corporation (NYSE:DAC) reported Q2 adjusted earnings of $7.14 per share, beating the analyst consensus estimate of $6.67 by 7.05%. However, this is a 5.93% decrease from the same period last year. The company also reported quarterly sales of $241.48 million, surpassing the analyst consensus estimate of $225.75 million by 6.97%, but marking a 3.76% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:31 am

OSG

Overseas Shipholding Gr (NYSE:OSG) reported Q2 earnings of $0.15 per share, a 275% increase YoY. However, sales decreased by 9.63% to $106.63M compared to $117.98M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:30 am

PHIN

Phinia Inc. has reiterated its FY23 adjusted sales guidance of $3.45B-$3.55B and expects adjusted EBITDA of $485M-$505M. The company also anticipates adjusted EBITDA margins of 13.8% - 14.3% in FY23.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:29 am

LCID

Lucid Group, Inc. (NYSE:LCID) shares rose in premarket trading on Monday following the company's announcement of price reductions for three trims of its Lucid Air EV. The price cuts, ranging from $10,500 to $12,400, come after a disappointing delivery update in mid-July. Lucid is set to report its Q2 results after trading closes on Monday, with an expected loss of $0.33 per share on revenue of $175.01 million, a 79.80% increase from a year ago.

Portfolio Pulse from Shanthi Rexaline

August 07, 2023 | 11:28 am