Streetbeat News

Revenues

DDL

Dingdog (Cayman) reported its Q2 2024 revenue at RMB5.599 billion, up from RMB4.84 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:27 pm

NYT

New York Times Company (NYSE:NYT) shares are trading higher after reporting strong Q2 financial results. The company beat earnings estimates with 45 cents per share and saw a 5.78% year-over-year increase in sales to $625 million. NYT added 300,000 net digital-only subscribers, driving a 12.9% increase in digital subscription revenues and a 7.8% increase in digital advertising revenues. The stock is up 5.12% following the report.

Portfolio Pulse from Erica Kollmann

August 07, 2024 | 4:26 pm

MU

NVDA

Nvidia has approved Samsung's fifth-generation HBM3E chips for its AI processors, with supplies expected to start by Q4 2024. Samsung's 12-layer HBM3E is still under testing. The HBM market is projected to grow significantly, with SK Hynix leading, followed by Samsung and Micron Technology.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 4:17 pm

AZPN

FMCX

MAKX

Aspen Technology, Inc. (NASDAQ:AZPN) reported strong Q4 FY24 results, beating revenue and EPS estimates despite suspending operations in Russia. The company saw significant growth in Annual Contract Value (ACV) and cash flow, and announced a new $100 million share repurchase authorization for fiscal 2025. Investors can gain exposure to the stock via ProShares S&P Kensho Smart Factories ETF (NYSE:MAKX) and FM Focus Equity ETF (NYSE:FMCX).

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 4:12 pm

PGR

In the last three months, 19 analysts have reviewed Progressive (NYSE:PGR), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $250.68. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance. Progressive has shown strong revenue growth but faces challenges in net margin and debt management.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:01 pm

RVLV

Analysts have mixed ratings for Revolve Group (NYSE:RVLV) over the past three months, with a blend of bullish and bearish perspectives. The average 12-month price target is $19.75, with a high of $25.00 and a low of $14.00. Recent ratings include a maintained 'Neutral' by Wedbush, a raised 'In-Line' by Evercore ISI, a lowered 'Underweight' by Barclays, and a maintained 'Buy' by Needham. Revolve Group, an e-commerce retailer, has faced a revenue decline of -3.23% but maintains strong net margins and a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:00 pm

LOW

Lowe's Companies (NYSE:LOW) has outperformed the market over the past 5 years, delivering an average annual return of 19.77%. A $1000 investment in LOW 5 years ago would be worth $2,477 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:00 pm

CSGP

CoStar Group (NASDAQ: CSGP) has significantly outperformed the market over the past 20 years, delivering an average annual return of 15.78%. A $100 investment in CSGP 20 years ago would be worth $1,896.30 today. The company's current market capitalization is $30.21 billion.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:00 pm

LMB

Limbach Holdings shares are trading higher after the company reported better-than-expected Q2 EPS results and raised its FY24 revenue guidance with its midpoint above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:59 pm

VVI

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

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:55 pm