Streetbeat News

Earnings

AMOT

Allied Motion Technologies reported its Q2 financial results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:02 pm

EXPE

Expedia Group, Inc reported Q2 revenue growth of 6% YoY to $3.36 billion, slightly missing the consensus of $3.37 billion. Adjusted EPS of $2.89 beat the consensus of $2.32. Lodging gross bookings climbed 7% YoY to $19.2 billion. However, the company's stock plunged by 15.80% after the report.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 2:02 pm

PLNT

Planet Fitness Inc (NYSE:PLNT) reported Q2 FY23 sales growth of 27.6% YoY to $286.46 million, beating the analyst consensus. System-wide same store sales increased 8.7%. The company held $418.9 million in cash and equivalents as of June 30, 2023. However, the company cut its near-term store growth forecast due to external headwinds such as higher new store construction costs and increased interest rates. Following the announcement, PLNT shares are trading lower by 5.05%.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 2:01 pm

TILE

Interface (NASDAQ:TILE) is set to release its quarterly earnings report on August 4, 2023. Analysts estimate an EPS of $0.18. The company's past performance shows a mixed trend of beating and missing EPS estimates, with corresponding changes in share price. The stock is currently trading at $9.81, down 24.77% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:01 pm

ADI

A significant amount of unusual options activity has been observed for Analog Devices (NASDAQ:ADI), with a majority of investors taking a bearish stance. The targeted price range for the company over the last three months has been between $155.0 and $192.5. The current price of ADI is $193.11, up 0.34%, and RSI indicators suggest the stock may be approaching overbought territory. The next earnings report is expected in 20 days.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:01 pm

WVE

Wave Life Sciences reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:01 pm

SHOP

Shopify's shares are trading lower following the release of their Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:01 pm

GNK

Genco Shipping & Trading (NYSE:GNK) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $0.17. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $0.07, resulting in a 7.75% drop in share price. Over the last 52-week period, shares are down 16.63%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:00 pm

ASIX

AdvanSix (NYSE:ASIX) is set to release its quarterly earnings report on August 4, 2023. Analysts estimate an EPS of $1.11. The company's past performance shows it beat EPS estimates last quarter, which was followed by a 0.0% drop in share price. Shares of AdvanSix were trading at $39.75 as of August 2, with a 0.35% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:00 pm

HOOD

UBER

W

In Q2, Robinhood Markets, Inc. (NASDAQ:HOOD), Uber Technologies, Inc. (NYSE:UBER), and Wayfair Inc. (NYSE:W) reported profitability for the first time. Uber's EPS was $0.18, beating expectations of a $0.01 loss, but sales fell short of projections. Robinhood's EPS was $0.03, beating the consensus estimate of $(0.01), and revenues reached $486 million. Wayfair reported an EPS of $0.21, with revenues of $3.17 billion. Despite profitability, Uber and Robinhood's stocks dropped 3% and 8% respectively, while Wayfair's stock jumped over 20%.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 2:00 pm