Streetbeat News

Revenues

STNE

StoneCo's Q2 total revenue and income reached R$2.96B, marking a 28.2% YoY growth. This was primarily driven by a 32.0% increase in financial services platform revenues and a 9.2% increase in software platform revenues. Adjusted EBITDA, EBT, and net income also saw significant YoY increases of 46.0%, 489.3%, and 476.9% respectively. The company's adjusted net cash position was R$4,327.2 million, a 57.1% YoY increase.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:18 pm

KULR

KULR Technology Group has projected its FY23 revenue to be between $10M and $14M, which is slightly below the estimated $12.01M.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:15 pm

SNPS

Synopsys has projected its full-year revenue growth to be between 14-15%, with an adjusted EPS growth of 24-25%.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:08 pm

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) reported its July 2023 operating data. The company's net cumulative funded accounts increased by 50K to 23.2M, and monthly active users rose by 200K to 11M. Assets under custody were $94.5B, up 6% from June 2023. Trading volumes for equities and crypto were higher, while options trading was lower. Margin balances and cash sweep balances also increased.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:07 pm

UAVS

AgEagle Aerial Systems reported a year-over-year decrease in Q2 revenue results, leading to a drop in its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:16 pm

SCTL

Societal CDMO Inc. (NASDAQ:SCTL) reported Q2 2023 revenues of $21.8 million, down from $23.2 million in the same period of 2022. The company also reported a net loss of $3.2 million for the quarter. CEO David Enloe stated that despite challenges, the company continues to win new business and expand existing programs. However, due to an unfavorable financing environment, the company's EBITDA guidance for 2023 has been revised down from $15-18 million to $12-15 million.

Portfolio Pulse from Lara Goldstein

August 16, 2023 | 7:00 pm

AAL

American Airlines has announced that it will be increasing its schedule to operate daily service between Dallas-Fort Worth and Shanghai. This move is expected to boost the company's operations and potentially its revenues.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 6:47 pm

AMZN

Amazon is imposing a new fee on sellers who ship their products themselves, despite an impending antitrust lawsuit. This move could potentially increase Amazon's revenues but may also attract further regulatory scrutiny.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 4:01 pm

MGM

The Michigan Gaming Control Board (MGCB) has renewed licenses for MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown, which will run through to August next year. The three casinos posted $107.2m in revenue for July, level with last year and slightly up month-on-month. The casinos pay tax at a rate of 18% on adjusted gross receipts and an 8.4% tax on their retail sports betting qualified adjusted gross receipts.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 2:24 pm

CAR

COIN

EMR

META

MSFT

OXY

TGT

TJX

TSEM

WBA

Elon Musk's X is accused of slowing traffic to sites criticized by him, including Instagram, owned by Meta Platforms Inc. Coinbase Global Inc has received federal approval for new futures offering. Tower Semiconductor Ltd's deal with Intel Corp has been terminated due to US-China tensions. Occidental Petroleum Corp is set to acquire Carbon Engineering Ltd for $1.1 billion. Emerson Electric Co is acquiring Flexim. Target Corp, TJX Companies Inc, and JD.com Inc have reported their Q2 earnings. Microsoft Corp's Game Pass is shaping the $60B gaming industry. Avis Budget Group Inc has been fined $275K for refusing to rent vehicles to customers without credit cards. Walgreens Boots Alliance Inc is facing a reopened lawsuit accusing it of Medicaid fraud.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 2:01 pm