Streetbeat News

Revenues

LAMR

Lamar Advertising (NASDAQ:LAMR) reported Q2 2024 earnings per share of $2.08, surpassing the analyst estimate of $2.05. The company also reported sales of $565.3 million, exceeding the estimate of $564.364 million. This represents a 4.47% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:01 am

HITI

High Tide Inc. (NASDAQ:HITI) announced that its Cabana Club loyalty program has surpassed 1.5 million members in Canada, reflecting a 37% annual growth rate. The company also opened a new Canna Cabana store in Belleville, Ontario, marking its 181st retail location in Canada. High Tide recently closed a subordinated debt facility for CA$15 million. The Canadian cannabis market continues to grow, with a 7.1% increase in sales for March.

Portfolio Pulse from Rolando García

August 08, 2024 | 10:00 am

CRUZ

CRWD

DAL

JETS

MSFT

Delta Air Lines (DAL) is facing a class action lawsuit from passengers over inadequate refunds following a major computer outage. The lawsuit claims Delta breached contracts by not providing full refunds and only offering partial refunds in exchange for waivers against further legal claims. The outage, caused by a faulty software update from CrowdStrike (CRWD), led to a $500 million financial hit for Delta, which is now seeking damages from Microsoft (MSFT) and CrowdStrike. DAL stock has lost around 19% in the last 12 months.

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 9:59 am

TSLA

Reuters reported that China's CPCA announced Tesla exported 27,890 China-made vehicles in July.

Portfolio Pulse from charles@benzinga.com

August 08, 2024 | 9:46 am

APPS

Digital Turbine, Inc. (NASDAQ:APPS) reported better-than-expected Q1 FY25 results, with revenue of $118.0 million beating the consensus of $116.03 million. The company saw growth in both its On Device Solutions and App Growth Platform segments. Adjusted EPS was $0.07, surpassing the consensus of $0.04. The company reaffirmed its FY 2025 revenue and adjusted EBITDA guidance. APPS shares are up 19.7% premarket.

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 9:18 am

ACDC

ProFrac anticipates a decline in total volumes and pricing in its Proppant Production segment, followed by a gradual recovery. In the Stimulation Services segment, the company expects pricing to remain steady.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:05 am

AAPL

TSLA

A Morgan Stanley survey reveals that Tesla's brand appeal is waning among the younger generation, with a preference for gasoline-powered cars over electric vehicles. The survey also highlights strong loyalty towards Apple products. Tesla's desirability has decreased, while Mercedes-Benz and BMW have gained favor. Tesla and Apple stocks saw slight declines in premarket trading.

Portfolio Pulse from Shanthi Rexaline

August 08, 2024 | 8:17 am

AAPL

GOOGL

MSFT

Apple Inc. (NASDAQ:AAPL) may charge up to $20 for its advanced AI features, potentially boosting its services segment. This move contrasts with rivals like Google (NASDAQ:GOOGL) and Samsung, which currently offer many AI services for free. The high cost of AI development is a driving factor behind this potential pricing strategy.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 8:00 am

ESLT

Elbit Systems has secured a $130 million contract to supply Iron Fist Active Protection Systems to BAE Systems Hägglunds for a European nation.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:33 am

ACVA

ACV Auctions has provided its guidance for Q3 2024 and the full year 2024. The company expects Q3 revenue between $158 million and $162 million, and full-year revenue between $615 million and $625 million. This represents a significant year-over-year increase. Despite expected GAAP net losses, the company anticipates positive non-GAAP net income and adjusted EBITDA for both periods.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:30 am