Streetbeat News

Earnings

FRPT

Freshpet (NASDAQ:FRPT) reported Q2 losses of $(0.35) per share, beating the analyst consensus estimate of $(0.38) by 7.89%. However, the company's quarterly sales of $183.30 million missed the analyst consensus estimate of $185.75 million by 1.32%. This represents a 22.22% increase in losses and a 25.54% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:31 am

HSIC

Henry Schein (NASDAQ:HSIC) reported Q2 earnings of $1.31 per share, beating the analyst consensus estimate of $1.25 by 4.8%. However, the company's quarterly sales of $3.10 billion missed the analyst consensus estimate of $3.11 billion by 0.39%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:31 am

AAPL

SPY

On Friday, August 4, U.S. markets ended lower with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite falling by 0.43%, 0.53%, and 0.36% respectively. Apple Inc. shares also fell after the company reported Q3 results. Asian markets showed mixed results with Japan's Nikkei 225 rising and Australia's S&P/ASX 200 and China's Shanghai Composite falling. European markets and commodities were mostly down, while U.S. futures were up.

Portfolio Pulse from Akanksha Bakshi

August 07, 2023 | 10:23 am

BNTX

BioNTech has reiterated its Covid-19 vaccine revenue guidance at approximately €5B. The company also expects its R&D expenses to be €2B-€2.2B, down from the previous guidance of €2.4B-€2.6B. Additionally, the capex is expected to be €350M - €450M, down from the prior guidance of €500M-€600M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:16 am

AAPL

BTCUSD

NKLA

SHIBUSD

Over the weekend, several significant events occurred including a 26% drop in Nikola Corporation's shares following the departure of its CEO and a poor Q2 report, a 20% rally in the meme cryptocurrency Shiba Inu, and a drop in Apple Inc.'s market value below the $3 trillion mark due to concerns over its Q4 outlook and disappointing sales figures. Additionally, Bitcoin is predicted to potentially surge as long as the support level at $28,000 holds.

Portfolio Pulse from Benzinga Neuro

August 07, 2023 | 10:14 am

BDN

HCM

IEP

NET

PKX

SCLX

SOHU

Several stocks recorded losses in Monday's pre-market trading session, including HUTCHMED, Scilex Holding Company, POSCO Holdings, Sohu.com, Cloudflare, Brandywine Realty Trust, and Icahn Enterprises. Notably, Sohu.com reported weak quarterly earnings, and Cloudflare was downgraded from Neutral to Sell by Guggenheim with a $50 price target. Icahn Enterprises also saw a drop after reporting weak Q2 results and cutting its quarterly distribution by 50%.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 10:14 am

CCO

Clear Channel Outdoor Holdings (CCO) has projected its Q3 revenue to be between $570M and $600M, which is lower than the estimated $624.71M. The company also revised its FY23 revenue forecast to $2.465B-$2.535B from the previous $2.500B-$2.625B, slightly below the $2.51B estimate.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:10 am

BNTX

PFE

BionTech's Q2 gross profit share was significantly reduced due to write-offs by its collaboration partner Pfizer, negatively impacting its revenues for the three months ended June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:09 am

BNTX

BioNTech reported Q2 losses of €(0.79) per share, a 112.25% decrease YoY. Sales also decreased by 94.75% to €167.70M from €3.20B YoY.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:08 am

CCO

Clear Channel Outdoor (NYSE:CCO) reported Q2 losses of $(0.08) per share, missing the analyst consensus estimate of $(0.06) by 28.33 percent. This is a 14.44 percent increase over losses from the same period last year. The company also reported quarterly sales of $637.24 million, missing the analyst consensus estimate of $639.87 million by 0.41 percent, a 0.95 percent decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:06 am