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Revenues

RNA

Avidity Biosciences, Inc. (NASDAQ:RNA) announced a proposed $250 million public offering of common stock, with an additional 30-day option for underwriters to purchase up to $37.5 million more. The proceeds will fund clinical programs, R&D for its AOC platform, and general corporate purposes. Leerink Partners and TD Cowen are joint bookrunning managers.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:24 pm

OUST

Ouster shares are trading lower after the company reported worse-than-expected Q2 sales results and issued Q3 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:22 pm

QMCO

Quantum Corporation reported its Q2 fiscal 2025 guidance, expecting revenues of $73 million +/- $2 million and a non-GAAP adjusted net loss per share of $(0.06) +/- $0.02, which is below analyst estimates. The company also anticipates adjusted EBITDA to be approximately breakeven.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:22 pm

NU

Nu Holdings reported a 65% year-over-year increase in Q2 revenue to $2.8 billion, added 5.2 million customers, and saw a 77% increase in net interest income to $1.7 billion.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:22 pm

FLUT

Flutter Entertainment projects its FY24 US revenue to be between $6.05 billion and $6.35 billion, while its group ex-US revenue is expected to be between $7.85 billion and $8.15 billion.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:21 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, and other major cryptocurrencies. Bitcoin whale transactions have spiked, and there are possible renewed Mt.Gox distributions. Analysts have mixed predictions on Bitcoin's next moves, with some seeing potential for a significant rally and others warning of a possible downturn if poor CPI data emerges.

Portfolio Pulse from Khyathi Dalal

August 13, 2024 | 8:19 pm

QMCO

Quantum (NASDAQ:QMCO) reported Q1 losses of $(0.09) per share, meeting analyst estimates but reflecting an 80% increase in losses from the same period last year. Sales were $71.34 million, missing the $72.00 million estimate and showing a 22.87% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:19 pm

FLUT

Flutter Entertainment reported a significant increase in its Q2 adjusted EPS, rising to $2.61 from $1.67 year-over-year. Revenue also saw a substantial increase, reaching $3.611 million from $3.001 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:19 pm

CVU

CPI Aerostructures (AMEX:CVU) reported Q2 earnings per share of $0.11, a 22.22% increase from $0.09 YoY, and sales of $20.80M, a 1.23% increase from $20.55M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:18 pm

RKDA

Arcadia Biosciences (NASDAQ:RKDA) reported Q2 2024 earnings per share (EPS) of $0.78, missing the analyst consensus estimate of $1.55 by 49.68%. However, the company reported quarterly sales of $1.306 million, beating the analyst consensus estimate of $925,000 by 41.19%. This represents a 0.69% increase over sales of $1.297 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:17 pm