Streetbeat News

Revenues

ARRY

EB

ELF

FIVN

LUMN

PUBM

ZVRA

Several major stocks, including PubMatic, Eventbrite, Five9, Zevra Therapeutics, Array Technologies, e.l.f. Beauty, and Lumen Technologies, are experiencing significant declines in pre-market trading due to various factors such as worse-than-expected earnings, revenue guidance cuts, and public offerings.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 10:44 am

EMBC

Embecta has reaffirmed its 2024 revenue guidance of $1.11 billion to $1.12 billion, which is in line with the consensus estimate of $1.115 billion.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:34 am

GB

Global Blue reported a 12% growth in its Issued Sales In-Store for July in Continental Europe, indicating a positive trend in tax-free shopping.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:27 am

AIRS

AirSculpt Technologies has revised its FY24 outlook, lowering its revenue guidance to $180M-$190M from the previous $220M and reducing the number of new centers to be opened in the second half of 2024 from six to five.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:24 am

NYC

American Strategic (NYSE:NYC) reported Q2 losses of $(2.84) per share, beating the $(2.99) estimate but showing a significant year-over-year decline. Sales were $15.75M, missing the $16.06M estimate and slightly down from last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:22 am

AIRS

AirSculpt Technologies (NASDAQ:AIRS) reported Q2 earnings of $0.09 per share, beating the analyst estimate of $0.04. However, sales of $51.00 million missed the $55.26 million estimate. Earnings decreased by 30.77% year-over-year, and sales decreased by 8.44% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:20 am

CRUZ

CRWD

DAL

JETS

MSFT

Delta Air Lines (NYSE:DAL) expects a $380 million revenue impact for the September quarter due to an outage caused by CrowdStrike (NASDAQ:CRWD), leading to 7,000 flight cancellations. Delta is pursuing legal claims against CrowdStrike and Microsoft (NASDAQ:MSFT) for damages totaling at least $500 million. The outage also resulted in $170 million in non-fuel expenses and a $50 million reduction in fuel expenses. DAL stock has lost around 12% in the last 12 months. Investors can gain exposure via U.S. Global Jets ETF (NYSE:JETS) and Defiance Hotel, Airline, and Cruise ETF (NYSE:CRUZ).

Portfolio Pulse from Lekha Gupta

August 09, 2024 | 10:16 am

GRVY

GRAVITY reported Q2 revenues of $89.330K, marking a 48.5% year-over-year increase. The company exited the quarter with cash and equivalents worth $362.680K.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:12 am

AMRX

Amneal Pharmaceuticals has raised its full-year 2024 guidance, expecting revenues between $2.70 billion and $2.80 billion, up from the prior guidance of $2.55 billion to $2.65 billion. The company also increased its adjusted EBITDA, adjusted diluted EPS, and operating cash flow projections.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:09 am

NHC

National Healthcare (AMEX:NHC) reported a 12.36% increase in Q2 earnings per share to $1.00, up from $0.89 YoY. Sales rose by 6.40% to $300.66 million from $282.58 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:07 am