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CSCO

LULU

MRVL

ON

QQQ

SMCI

SMH

The Nasdaq 100, tracked by the Invesco QQQ Trust (QQQ), has experienced its best six-day rally since late 2022, closing 2.5% higher on Thursday. Semiconductor stocks, tracked by the VanEck Semiconductor ETF (SMH), also saw significant gains. Top performers included Marvell Technology (MRVL), Super Micro Computer (SMCI), Cisco Systems (CSCO), ON Semiconductor (ON), and Lululemon Athletica (LULU). The rally is driven by easing recession fears and better-than-expected economic data.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 8:42 pm

CLRO

ClearOne (NASDAQ:CLRO) reported a significant decline in its Q2 financial performance, with EPS dropping to $(0.11) from $(0.04) YoY and sales falling to $2.30M from $5.48M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:36 pm

AMAT

Applied Materials (NASDAQ: AMAT) reported strong Q3 earnings, beating both revenue and EPS estimates. The company generated $6.78 billion in revenue and $2.12 EPS, surpassing analyst expectations. Applied Materials has exceeded estimates for nine consecutive quarters. The company also provided Q4 guidance, anticipating revenue of $6.53 billion and EPS between $2 and $2.36. Despite the positive results, shares were down 0.72% in after-hours trading.

Portfolio Pulse from Adam Eckert

August 15, 2024 | 8:34 pm

RNW

ReNew Energy Global reported a Q1 revenue of $274 million, up from $255 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:33 pm

ICG

Intchains Gr (NASDAQ:ICG) reported Q2 earnings of $0.12 per share, beating the $0.04 estimate by 200%. Sales were $16.93M, surpassing the $12.08M estimate by 40.16%. This marks a significant improvement from the same period last year, with a 400% increase in EPS and a 782.99% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:32 pm

HRB

H&R Block has provided its fiscal year 2025 outlook, projecting revenue between $3.69 billion and $3.75 billion, EBITDA between $975 million and $1.02 billion, and an effective tax rate of approximately 13%. The company expects adjusted diluted EPS to be in the range of $5.15 to $5.35, significantly higher than the $4.30 estimate.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:26 pm

ALVO

Alvotech reported its H1 2024 earnings per share (EPS) at $(0.61), a decline from $(0.39) year-over-year (YoY). However, the company's revenue surged to $236 million from $20.3 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:24 pm

GLOB

Globant has revised its FY24 revenue outlook from $2.405B - $2.44B to $2.407B - $2.421B, slightly below the estimated $2.427B. The adjusted EPS outlook has been updated from $6.20 - $6.50 to $6.30 - $6.50, aligning closely with the estimated $6.36.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:24 pm

XELA

Exela Technologies (NASDAQ:XELA) reported Q2 earnings per share (EPS) of $(4.40), an improvement from $(5.19) YoY. Sales were $245.70M, down from $272.94M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:20 pm

GLOB

Globant has announced its Q3 revenue expectations to be between $611M and $617M, slightly below the estimated $618.383M. The company also expects adjusted EPS to be between $1.60 and $1.64, aligning closely with the estimated $1.61.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:20 pm