Streetbeat News

Revenues

IOVA

Iovance Biotherapeutics shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 product revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:34 pm

EB

Eventbrite has revised its Q3 2024 revenue forecast to $74M - $77M, down from the previous estimate of $86.42M. The company also adjusted its FY 2024 revenue forecast to $318M - $325M, compared to the earlier estimate of $365.34M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:34 pm

MERC

Mercer International (NASDAQ:MERC) reported a Q2 2024 GAAP EPS of $(1.01), missing the analyst estimate of $(0.44) by 129.55%. However, the company reported sales of $499.4M, beating the estimate of $482.5M by 3.50%. This represents a 5.75% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:34 pm

AUID

AuthID (NASDAQ:AUID) reported a significant improvement in its Q2 financial results. The company's GAAP EPS improved to $(0.34) from $(2.15) YoY, and sales surged to $280.44K from $37.14K YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:33 pm

LEGH

Legacy Housing (NASDAQ:LEGH) reported Q2 earnings per share (EPS) of $0.67, beating the analyst estimate of $0.59. However, sales of $42.50 million missed the estimate of $46.35 million. EPS increased by 11.67% year-over-year, while sales decreased by 19.26%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:33 pm

U

Unity Software has revised its FY24 revenue guidance to $1.680 billion to $1.690 billion, which is below the previous estimate of $1.836 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:32 pm

TTGT

TechTarget (NASDAQ:TTGT) reported Q2 2024 adjusted EPS of $0.42, beating the estimate of $0.41. Sales were $58.914M, surpassing the $58.080M estimate and showing a 0.83% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:32 pm

PARA

PARAA

Paramount Global (NASDAQ:PARA) reported Q2 revenue of $6.81 billion, missing the Street consensus of $7.21 billion. Adjusted EPS was 54 cents, higher than last year's 10 cents but not directly comparable. The DTC segment grew 13%, while TV Media and Filmed Entertainment saw declines. Paramount+ revenue increased 46% year-over-year, despite a subscriber drop. The company announced a merger with Skydance Media, expected to close in the first half of 2025.

Portfolio Pulse from Chris Katje

August 08, 2024 | 8:32 pm

AWRE

Aware (NASDAQ:AWRE) reported Q2 earnings per share (EPS) of $(0.05), a significant improvement from $(0.13) YoY. Sales increased by 35.74% to $4.32 million from $3.18 million YoY.

Portfolio Pulse from totan@benzinga.com

August 08, 2024 | 8:32 pm

CMBM

Cambium Networks has revised its financial outlook for Q3 and FY24, projecting lower-than-expected revenues and higher losses. For Q3, the company expects EPS between $(0.14)-$(0.19) versus $(0.03) estimated, and revenues between $43M-$48M versus $58.7M estimated. For FY24, EPS is expected between $(0.87)-$(1.04) versus $(0.60) estimated, and revenues between $180M-$190M versus $213.7M estimated.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:32 pm