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PAGS

PagSeguro Digital (NYSE:PAGS) reported Q2 earnings of $0.24 per share, missing the analyst consensus estimate of $0.26 by 7.69%. This is a 4% decrease from the same period last year. The company also reported quarterly sales of $772.92M, missing the analyst consensus estimate of $802.00M by 3.63%. This is a 3.04% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:35 pm

MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) reported Q2 earnings of 33 cents per share, beating the analyst consensus estimate of 32 cents, but marking a 42.11% decrease YoY. The company also reported quarterly sales of $1.34 billion, beating the analyst consensus estimate of $1.33 billion, but showing an 11.67% decrease YoY. Marvell issued Q3 2024 revenue guidance of $1.4 billion plus or minus 5%, versus the $1.39 billion estimate. Despite these results, MRVL shares were down 3.54% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 8:29 pm

SPCE

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are trading lower, down nearly 30% since the company reported its Q2 earnings in early August. Despite beating analyst consensus estimates for both losses per share and sales, the stock has continued to trend lower.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 8:29 pm

BHRB

Trading of Burke & Herbert Financial Services shares has been halted due to pending news.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:27 pm

SMMF

Trading of Summit Financial Group (SMMF) shares has been halted due to pending news.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:27 pm

BHRB

Shares of Burke & Herbert Financial Services Corp. have been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:27 pm

MKTW

MarketWise, Inc. (NASDAQ:MKTW) has issued a statement repudiating false claims made by F. Porter Stansberry in a letter to the company's board. The company has seen recent stabilization in results due to investments in its core business and cost efficiency measures. It also initiated a quarterly dividend program in 2023. The company accuses Stansberry of making false allegations and damaging the company's share price by selling large volumes of shares.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:25 pm

YS

YS Biopharma shares are trading higher following the announcement of share purchases by company officers.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:25 pm

AFRM

Affirm Holdings Inc (NYSE:AFRM) reported better-than-expected Q4 results, with a 22% YoY increase in revenue to $445.82 million, beating the consensus estimate of $406.26 million. The company also reported a smaller loss than expected. Affirm's gross merchandise volume rose 25% YoY to $5.5 billion, and active consumers increased by 18%. The company ended the quarter with $2.1 billion in cash and available-for-sale securities. Affirm expects Q1 revenue to be between $430 million and $455 million, and aims to achieve full-year profitability on an adjusted operating income basis in fiscal year 2024.

Portfolio Pulse from Adam Eckert

August 24, 2023 | 8:24 pm

BTCUSD

FOX

FOXA

RUM

The first 2024 Republican primary debate was held and aired on Fox News, a unit of Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA), and livestreamed on Rumble Inc (NASDAQ:RUM). Despite not attending, former President Donald Trump was a frequently discussed topic. The debate did not cover cryptocurrency, despite interest from voters. Fox and Rumble have rights to the second debate set for Sept. 27.

Portfolio Pulse from Chris Katje

August 24, 2023 | 8:23 pm