Streetbeat News

Revenues

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares surged on Thursday following the release of strong second-quarter financial results. The company reported revenue of $682 million, beating analyst estimates, and adjusted earnings of 21 cents per share. Key metrics showed significant year-over-year growth, including a 40% increase in total revenue and a 57% increase in assets under custody. Despite the positive results, Needham analyst John Todaro reiterated a Hold rating on the stock.

Portfolio Pulse from Adam Eckert

August 08, 2024 | 1:27 pm

DNUT

Krispy Kreme, Inc. (NASDAQ:DNUT) shares are trading higher after the company reported Q2 earnings in line with expectations and revenues exceeding analyst estimates. The growth was driven by successful brand activations and increased digital and DFD sales. The company also benefited from the sale of a majority stake in Insomnia Cookies. However, the FY24 outlook was adjusted downwards to reflect this sale.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2024 | 1:26 pm

NEON

Neonode (NASDAQ:NEON) reported a Q2 EPS of $(0.11), a 10% decrease from $(0.10) YoY, and sales of $1.40M, a 16.67% increase from $1.20M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:25 pm

LODE

Comstock Inc. (NYSE: LODE) has secured a $325 million term sheet from SBC Commerce LLC (SBCC) for investments and real estate sales. SBCC will acquire 100% of Comstock's industrial and commercial real estate and water rights in Nevada for $50 million. The funds will be used to eliminate debt, develop advanced technologies, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:19 pm

MULN

Mullen Automotive is expanding its reach on the East Coast through a partnership with Eco Auto, which will purchase 180 electric vehicles (EVs) worth $7.7 million over 18 months. Deliveries are set to begin in September 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:17 pm

WLDN

Willdan Group, Inc. (NASDAQ:WLDN) has been awarded a $102 million contract by Clark County School District to deliver energy-saving projects across 204 schools. The project is expected to save the district $170 million in lifetime energy savings and $700,000 annually in operations and maintenance costs. This is the second phase of projects for the district, involving more local subcontractors, including 30% certified as Minority- or Women-Owned Business Enterprises.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:16 pm

APP

AppLovin shares are trading higher after the company reported better-than-expected Q2 EPS results and issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:15 pm

STKL

SunOpta shares are trading higher after the company reported better-than-expected Q2 financial results and revised its FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:15 pm

CYBR

CyberArk Software shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance. Additionally, the company issued Q3 adjusted EPS guidance with its midpoint above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:14 pm

RMTI

Rockwell Medical shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:13 pm