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ONON

On Holding (NYSE:ONON) reported Q2 earnings of $0.04 per share, missing the analyst consensus estimate of $0.13 by 69.23%. This is a 73.33% decrease from the same period last year. However, the company reported quarterly sales of $494.08 million, beating the analyst consensus estimate of $463.07 million by 6.70%. This is a 63.35% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 10:08 am

HD

Home Depot reported Q2 earnings of $4.65 per share, beating the analyst consensus estimate of $4.46 by 4.26%. However, this is a 7.92% decrease from the same period last year. The company also reported quarterly sales of $42.92 billion, beating the estimate of $42.25 billion by 1.57%, but this is a 2.00% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 10:06 am

HD

Home Depot has reaffirmed its fiscal 2023 guidance, predicting a decline in sales and comparable sales between 2% and 5% compared to fiscal 2022. The company also expects an operating margin rate between 14.3% and 14.0%, a tax rate of approximately 24.5%, an interest expense of approximately $1.8 billion, and a diluted earnings-per-share-percent-decline between 7% and 13% compared to fiscal 2022.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 10:05 am

HD

Home Depot reported Q2 earnings of $4.65 per share, beating the analyst consensus estimate of $4.46 by 4.26%. However, the company's quarterly sales of $42.92 million missed the analyst consensus estimate of $42.25 billion by 99.90%, marking a 99.90% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 10:00 am

BABA

NVDA

TCEHY

Nvidia Corp. (NASDAQ:NVDA) has received large orders for its AI chips from Saudi Arabia and UAE, with Saudi Arabia purchasing at least 3,000 of Nvidia's H100 chips, valued at $120 million by the end of 2023. The UAE has also secured thousands of Nvidia chips for its open-source large-language model, Falcon. Chinese tech companies Tencent Holdings Limited (OTC:TCEHY) and Alibaba Group Holding Limited (NYSE:BABA) are also reportedly interested in purchasing Nvidia's high-performance chips.

Portfolio Pulse from Shanthi Rexaline

August 15, 2023 | 9:52 am

FXLV

F45 Training has announced its intent to voluntarily delist and deregister its securities, leading to a 61% drop in its premarket shares.

Portfolio Pulse from Charles Gross

August 15, 2023 | 9:50 am

TSLA

Stephen King, the renowned horror fiction author, has expressed his appreciation for his Tesla Model S on social media. This marks a change in sentiment from his previous comments in November 2022, where he expressed a preference for Twitter before Elon Musk's involvement. King's Model S, purchased in 2013, has 'never given me a speck of trouble', according to his post.

Portfolio Pulse from Ramakrishnan M

August 15, 2023 | 9:44 am

ONON

On Holding AG has increased its FY23 revenue outlook, expecting sales to reach CHF1.76B, implying a Y/Y growth rate of 44%. The company maintains its previous outlook on gross profit margin and adjusted EBITDA margin of 58.5% and 15.0% respectively.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 9:43 am

ONON

On Holding (NYSE:ONON) reported Q2 adjusted earnings of $0.04 per share, missing the analyst consensus estimate of $0.13 by 69.23%. This is a 73.33% decrease from the same period last year. The company also reported quarterly sales of $444.30 million, missing the analyst consensus estimate of $463.07 million by 4.05%. However, this is a 46.89% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 9:30 am

PHVS

Morgan Stanley analyst Matthew Harrison has upgraded Pharvaris (NASDAQ:PHVS) from Equal-Weight to Overweight and raised the price target from $10 to $34.

Portfolio Pulse from richadhand@benzinga.com

August 15, 2023 | 9:20 am