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Revenues

ROKU

Roku, Inc. (NASDAQ:ROKU) shares surged after the company reported better-than-expected Q2 financial results. The company posted a loss of 24 cents per share, beating the analyst estimate of a 43-cent loss. Quarterly sales reached $968.18 million, surpassing the $937.89 million estimate and marking a 14.28% year-over-year increase. Roku also reported growth in streaming households and hours, with a flat ARPU. The company expects Q3 revenue of $1.01 billion and gross profit of $440 million.

Portfolio Pulse from Erica Kollmann

August 01, 2024 | 8:51 pm

LVLU

Lulu's Fashion Lounge has released its preliminary Q2 2024 revenue estimates, expecting net revenue between $90.5 million and $91.5 million, a decline of approximately 14.7% to 13.8% compared to the same period last year. Adjusted EBITDA is expected to be between ($0.9) million and ($0.2) million, down from $4.2 million last year. The company also anticipates a pre-tax loss of $5.2 million to $4.5 million, compared to $1.7 million last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:50 pm

DRH

Diamondrock Hospitality (NYSE:DRH) reported Q2 2024 earnings per share of $0.34, beating the analyst estimate of $0.32. The company also reported sales of $309.280 million, surpassing the estimate of $301.770 million and showing a 6.19% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:50 pm

CNTG

Centogene announced initial data from the ROPAD study, revealing that 90% of genetically confirmed Parkinson's patients have LRRK2 or GBA1 variants. The findings indicate that 15% of Parkinson's Disease (PD) cases are linked to genetic variants. The data, published in the Brain journal, underscores the importance of genetic testing in gene-targeted trials.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:50 pm

ALTR

Altair has revised its FY24 total revenue outlook downward from the previous range of $652M - $662M to $648M - $658M, with an estimated $656.35M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:49 pm

LASR

nLight (NASDAQ:LASR) reported Q2 2024 adjusted EPS of $(0.10), beating the estimate of $(0.13). Sales were $50.511M, surpassing the $49.147M estimate but down 5.24% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:49 pm

RKT

Rocket Companies reported strong Q2 earnings with revenue and EPS beating estimates. The company saw a 10.4% increase in closed loan origination volume and expects Q3 revenue between $1.15 billion and $1.3 billion. Rocket will host its first Investor Day on Sept. 10.

Portfolio Pulse from Chris Katje

August 01, 2024 | 8:49 pm

SKT

Tanger (NYSE: SKT) reported Q2 2024 earnings per share of $0.53, beating the analyst estimate of $0.52. The company also reported sales of $128.956 million, surpassing the $122.216 million estimate and marking a 16.55% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:47 pm

BOOM

DMC Global (NASDAQ: BOOM) reported Q2 2024 adjusted EPS of $0.29, significantly beating the estimate of $0.14. Sales were $171.179 million, also surpassing the $165 million estimate, despite a 9.27% year-over-year decline.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:46 pm

ATRO

Astronics Corporation has projected its Q3 revenue to be between $195 million and $205 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:46 pm