Streetbeat News

Earnings

GOEV

Canoo shares are trading higher following Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:59 pm

LITE

Lumentum Holdings Inc. (NASDAQ:LITE) reported better-than-expected Q4 earnings and issued strong Q1 revenue guidance. Analysts have raised their price targets following the earnings beat.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:58 pm

MCVT

Mill City Ventures III (NASDAQ:MCVT) reported a significant increase in Q2 earnings per share (EPS) to $0.06, up 500% from $0.01 YoY, despite a slight decrease in sales to $888.63K from $907.50K YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:55 pm

OSTX

OS Therapies reported its Q2 earnings per share (EPS) of $(0.26), an improvement from $(0.47) year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:55 pm

FFNTF

4Front Ventures Corp. (OTCQX: FFNTF) reported a 31% YoY decrease in Q2 revenue to $18.7 million. Despite this, the company reduced its net loss to $4.87 million from $11.46 million last year. The Illinois facility saw a slight revenue drop but a 10% increase in wholesale revenue. Massachusetts showed a positive trend with a 31% growth in wholesale revenue. The company is expanding its Matteson, Illinois facility and introduced a new vape product. Shares closed 4.03% higher at $0.062.

Portfolio Pulse from Nina Zdinjak

August 15, 2024 | 12:55 pm

GRAB

Grab Holdings Limited (NASDAQ:GRAB) reported Q2 2024 revenue growth of 17% year-on-year to $664 million, missing the analyst consensus estimate of $669.25 million. EPS of $(0.01) was in line with expectations. Despite growth in various segments, the average spend per user decreased by 6% year-on-year. The stock price dropped by 8.31% premarket following the results.

Portfolio Pulse from Anusuya Lahiri

August 15, 2024 | 12:55 pm

CLX

DAL

GFS

GOOG

RACE

S

Jim Cramer recommends buying Clorox due to the CEO's performance, while expressing mixed opinions on other companies like GlobalFoundries, SentinelOne, Delta Air Lines, Alphabet, and Ferrari. Clorox reported strong earnings, while GlobalFoundries and Delta faced challenges. Ferrari and SentinelOne showed positive movements.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:54 pm

PYCR

Paycor HCM, Inc. (NASDAQ:PYCR) reported better-than-expected Q4 earnings and revenue, leading to a 2.7% increase in its stock price. Despite the positive results, several analysts lowered their price targets for the stock.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:51 pm

SHFS

SHF Holdings, Inc. (NASDAQ:SHFS), operating as Safe Harbor Financial, reported a significant turnaround in Q2 2024 with net income of $0.9 million, up from a net loss of $17.6 million in Q2 2023. Despite a revenue drop to $4 million from $4.6 million, the company achieved a 14.5% increase in adjusted EBITDA to $0.97 million. The improvements were driven by a sharp reduction in operating expenses and strategic shifts towards higher-margin products. SHFS shares rose 2.44% to $0.6249 following the announcement.

Portfolio Pulse from Patricio Liddle

August 15, 2024 | 12:49 pm

KSCP

Knightscope shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:49 pm