Streetbeat News

Revenues

ADEA

Adeia's shares are trading lower following the company's Q2 revenue results, which were below expectations. The company also reaffirmed its FY23 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 4:35 pm

IHRT

IHeartMedia reported its Q2 financial results and issued weak Q3 revenue guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 4:30 pm

SWIM

Latham Group reported better-than-expected Q2 revenue results and revised its FY23 revenue guidance upwards. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 4:25 pm

EVBG

Everbridge reported worse-than-expected Q2 revenue results and issued Q3 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 4:09 pm

CECE

CECO Environmental reported better-than-expected Q2 revenue results and increased its FY23 revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:59 pm

AXGN

Axogen reported worse-than-expected Q2 revenue results and maintained its FY23 revenue guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:49 pm

CRNC

Cerence Inc. reported a 30.7% YoY decline in Q3 FY23 revenue to $61.7 million, beating the consensus of $60.83 million. Non-GAAP EPS loss of $(0.04) beat the consensus loss of $(0.15). The company plans to focus on generative AI to enhance in-car experience. For Q4, Cerence expects revenue of $72 million - $76 million. The company also raised the lower end of its FY23 revenue guidance.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2023 | 3:23 pm

BA

Boeing reported 52 gross orders and no de-bookings in July, resulting in a total of 52 orders net of cancellations and conversions. The company also delivered 43 airplanes, including 32 737 Max in July.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:13 pm

AAL

ALK

BA

DAL

JBLU

LUV

SAVE

UAL

The International Air Transport Association (IATA) reports that global air traffic in June rose 31% compared to June 2022, reaching 94.2% of pre-pandemic levels. This indicates a strong start to the summer travel season, benefiting airlines, local economies, and travel and tourism-dependent jobs.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:35 pm

HIMS

Hims & Hers Health reported better-than-expected Q2 financial results and raised its FY23 revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:34 pm