Streetbeat News

Revenues

BL

BlackLine shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 and FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 2:21 pm

AYRWF

AYR Wellness Inc. reported a challenging Q2 2024 with a drop in revenue and gross profit, but remains optimistic about future growth, particularly in Ohio's cannabis market. The company saw a 16.6% YoY and 6.9% QoQ drop in gross profit, and a net loss of $39.3 million. Despite these setbacks, AYR launched recreational cannabis sales in Ohio and plans to improve its adjusted EBITDA margins in the second half of 2024.

Portfolio Pulse from Jelena Martinovic

August 07, 2024 | 2:13 pm

DT

Dynatrace, Inc. (NYSE:DT) shares surged 15.5% after reporting better-than-expected Q1 2025 results. The company posted a 20% YoY revenue growth to $399.22 million, beating the consensus of $391.758 million. Adjusted EPS was $0.33, surpassing the estimate of $0.29. ARR increased by 19% YoY, and subscription revenues rose 21% YoY. The company also repurchased 1.1 million shares for $50 million. Dynatrace reaffirmed its 2025 outlook with expected revenue of $1.644 billion – $1.658 billion and adjusted EPS of $1.26 – $1.29.

Portfolio Pulse from Akanksha Bakshi

August 07, 2024 | 2:09 pm

CRL

Charles River Laboratories (NYSE: CRL) reported a 3.2% year-over-year revenue decline for Q2 2024, beating the consensus estimate. Despite an increase in adjusted EPS, the company lowered its revenue and EPS guidance for 2024 due to a continued slump in biotech demand. The stock fell 12.6% following the announcement.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 2:06 pm

AAPL

AMZN

BTCUSD

INTC

META

NVDA

This week in investing, President Trump discusses a Bitcoin strategic reserve, tech stocks face another tough week, and macroeconomic data suggests a rate cut by the Federal Reserve in September. Intel's poor earnings report stands out, while the Bank of England cuts rates and the Bank of Japan raises them. The Magnificent 7 tech stocks, including Meta, Apple, Amazon, and Nvidia, continue to struggle despite mixed earnings results.

Portfolio Pulse from Gary Brode

August 07, 2024 | 2:06 pm

RMD

ResMed (NYSE:RMD) has significantly outperformed the market over the past 15 years, delivering an average annual return of 16.23%. A $1000 investment in ResMed 15 years ago would be worth $9,520.46 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 2:00 pm

META

Meta Platforms (NASDAQ:META) has significantly outperformed the market over the past 10 years, delivering an average annual return of 21.41%. A $100 investment in META 10 years ago would be worth $690.13 today. The article highlights the power of compounded returns in long-term investments.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 2:00 pm

EMR

GAST

MAKX

Emerson Electric Co (NYSE:EMR) reported strong Q3 FY24 results with net sales growth of 11% Y/Y to $4.38 billion, beating the consensus of $4.29 billion. Adjusted EPS improved 11% Y/Y to $1.43, also beating the consensus of $1.42. Despite the positive results, EMR shares are trading lower by 3.6%. The company updated its FY24 outlook, expecting net sales growth of ~15% and adjusted EPS of $5.45-$5.50. Investors can gain exposure to EMR via ProShares S&P Kensho Smart Factories ETF (NYSE:MAKX) and Gabelli Automation ETF (NYSE:GAST).

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 1:55 pm

RL

Ralph Lauren Corporation (NYSE:RL) reported strong Q1 FY25 results, beating earnings and revenue expectations. The company saw significant growth in international sales, particularly in Europe and Asia, and achieved higher margins. However, it warned of potential negative impacts from currency headwinds. The company maintains a positive outlook for fiscal 2025 but expects foreign currency to negatively impact revenue and margins.

Portfolio Pulse from Nabaparna Bhattacharya

August 07, 2024 | 1:46 pm

LUMN

Lumen Technologies Inc (NYSE:LUMN) shares surged after reporting better-than-expected Q2 revenue and securing $5 billion in new business. Despite an adjusted loss per share, multiple analysts upgraded the stock, contributing to a 93% rise in stock price.

Portfolio Pulse from Adam Eckert

August 07, 2024 | 1:30 pm