Streetbeat News

Earnings

APO

Apollo Global Management reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:56 pm

U

Unity Software Inc (NYSE:U) reported Q2 results with revenue increasing over 80% YoY to $533.48 million, beating consensus estimates. The company also reported a quarterly loss of 51 cents per share. Adjusted EBITDA was $99 million, an improvement of $136 million YoY. Unity raised its full-year guidance range by $40 million, with new full-year revenue guidance of $2.12 billion to $2.2 billion. Several analysts raised price targets on the stock following the results.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 1:56 pm

CLX

CMI

COOK

DXC

EXPE

UPWK

Numerous stocks experienced significant price changes in Thursday's mid-day session. Companies that posted strong quarterly results, such as Traeger, Inc. (COOK), Upwork Inc. (UPWK), and The Clorox Company (CLX), saw their shares rise. Conversely, companies that reported worse-than-expected results or issued below-consensus outlooks, such as DXC Technology Company (DXC), Expedia Group, Inc. (EXPE), and Cummins Inc. (CMI), saw their shares fall.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:56 pm

EVGO

EVgo, Inc. reported better-than-expected Q2 results with revenue increasing to $50.6 million, a 457% YoY growth. The company also announced a leadership succession plan, with Badar Khan set to succeed Cathy Zoi as CEO in November. EVgo shares are trading higher following the news.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 1:56 pm

BWA

BorgWarner's shares are trading lower due to continued downward momentum following the company's weak FY23 guidance report.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:55 pm

GSAT

Globalstar, Inc. (GSAT) reported Q2 FY23 sales growth of 49.7% YoY to $55.072 million, beating the consensus of $51.59 million. The company's EPS for the quarter was $0.00, compared with the consensus of $(0.01) loss. The revenue increase was due to both service revenue and subscriber equipment sales. The company also reported an increase in adjusted EBITDA and operating income. Globalstar narrowed its FY23 revenue outlook to $200 million-$230 million. GSAT shares are trading higher by 5.36% at $1.18.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 1:55 pm

RBC

RBC Bearings (NYSE:RBC) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $1.97. The company's stock performance has been generally positive over the last 52-week period, with shares up 3.19% and trading at $220.0 as of August 2.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:54 pm

HDSN

Hudson Technologies reported better-than-expected Q2 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:54 pm

TDS

Telephone and Data (NYSE:TDS) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $-0.04. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $7.86, down 51.46% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:54 pm

SRE

Sempra Energy reported lower than expected Q2 revenue results and issued EPS guidance for FY23 and FY24, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:54 pm