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DIA

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UUP

U.S. stocks closed higher as investors anticipate a September rate cut following FOMC minutes. Consumer discretionary stocks led gains, while financials and energy lagged. Asian markets showed mixed results, with Japan's Nikkei 225 and Hong Kong's Hang Seng rising. European markets advanced slightly, and commodities showed varied movements. The U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

August 22, 2024 | 11:05 am

OPRA

Opera Limited has announced its Q3 2024 revenue expectations to be between $119M and $121M, slightly above the $118.7M estimate. For the full year 2024, Opera projects revenue growth of 17% and an adjusted EBITDA margin of 24%.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:04 am

VIK

Viking Holdings reported Q2 earnings per share of $0.37, missing the $0.65 estimate, but sales of $1.59 billion exceeded the $1.43 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:04 am

AIRI

Air Industries Group has secured a $110 million contract to supply components for GTF aircraft engines, expanding its backlog to over $280 million. This 7-year contract is a significant boost for the company.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:02 am

OPRA

Opera's Q2 2024 financial results exceeded expectations with GAAP EPADS of $0.22, surpassing the estimate of $0.17, and sales of $109.734 million, beating the forecast of $108.544 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:02 am

BJ

BJ's Wholesale Club has reaffirmed its fiscal year 2024 adjusted EPS guidance of $3.75 to $4.00, aligning closely with the $3.93 estimate. The company anticipates a 1% to 2% increase in comparable club sales, excluding gasoline, driven by traffic, unit growth, and a strong perishables business. Merchandise gross margins are expected to remain flat year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:47 am

BJ

BJ's Wholesale Club reported a 3.1% increase in comparable club sales year-over-year for Q2, with a 2.4% rise excluding gasoline. Digital sales surged by 22%, and membership fee income grew by 9.1% to $113.1 million. Earnings per share were $1.08, with adjusted earnings at $1.09.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:46 am

BJ

BJ's Wholesale Club reported Q2 2024 earnings of $1.09 per share, surpassing the $1.00 estimate, and sales of $5.205 billion, exceeding the $5.145 billion estimate. This marks a 10.1% increase in EPS and a 4.86% rise in sales compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:45 am

EH

EHang Holdings Limited (NASDAQ:EH) reported a significant increase in Q2 revenue, up 920% year-over-year, driven by strong demand for its EH216-S pilotless eVTOL vehicles. The company achieved record deliveries and improved its financial position, with a strengthened cash position and plans for future growth in intra-city mobility.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 10:45 am

BW

Babcock & Wilcox's B&W Environmental business segment has secured a contract worth over $8 million to design and supply a cooling system for a renewable energy facility in the UK.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:31 am