Streetbeat News

Earnings

OLB

OLB Group (NASDAQ:OLB) reported a significant decline in its Q2 financial performance. The company posted a loss of $(1.49) per share, a 263.41% increase in losses compared to $(0.41) per share in the same period last year. Sales also dropped by 57.80% to $3.52 million from $8.34 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:41 pm

SIRI

SPY

WMT

XRT

Market sentiment improved due to positive retail sales data and lower-than-expected jobless claims. Walmart's stock surged following an upward revision of its guidance. Berkshire Hathaway increased its stake in Sirius XM.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:39 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher after reporting positive operating data for July and receiving an upgrade from Deutsche Bank. The company saw increases in funded customers, net deposits, assets under custody, and trading volumes across equities, crypto, and options. Deutsche Bank upgraded the stock from Hold to Buy and raised the price target from $21 to $24.

Portfolio Pulse from Adam Eckert

August 15, 2024 | 1:35 pm

AFYA

Afya reported its Q2 earnings with EPS of R$1.74, up from R$0.92 year-over-year, and revenue of R$809.9 million, up from R$712.607 million.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:32 pm

SNOW

Snowflake Inc (NYSE:SNOW) shares are trading lower due to Berkshire Hathaway's complete exit from its position and a downgrade from Wells Fargo. Berkshire Hathaway sold its 6.1 million shares in the second quarter, and Wells Fargo downgraded the stock from Overweight to Equal-Weight, lowering the price target from $200 to $130. This comes ahead of Snowflake's second-quarter earnings report on Aug. 21.

Portfolio Pulse from Adam Eckert

August 15, 2024 | 1:30 pm

MGRX

Mangoceuticals reported its financial results for the quarter ended June 30. The company posted an EPS of $(0.09), an improvement from $(0.14) year-over-year. Revenue increased to $163,163 from $141,237 year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:30 pm

MGRX

Mangoceuticals reported a significant increase in shareholder equity for the first half of the year, rising to $13.829 million compared to $7.774 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:27 pm

TPR

Tapestry, Inc. (NYSE:TPR) reported strong Q4 earnings, beating analyst expectations with adjusted EPS of 92 cents and sales of $1.59 billion. The company saw significant customer engagement, particularly from Gen Z and Millennials, and improved operational metrics. TPR shares are trading higher by 8.01% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 1:22 pm

ASTS

AST SpaceMobile Inc (NASDAQ:ASTS) reported a Q2 loss, missing analyst estimates. Despite this, the company received a $100 million investment from Verizon and has significant liquidity. Analysts from B. Riley Securities and UBS raised their price targets for ASTS.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 1:22 pm

BBY

COST

DG

DLTR

KSS

LULU

M

WMT

Shares of retail stocks are trading higher following strong quarterly earnings from Walmart.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:18 pm