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Several stocks recorded losses in Friday's pre-market trading session. Cano Health, Maxeon Solar Technologies, Markforged Holding Corporation, Grupo Aval Acciones y Valores, Velo3D, Blend Labs, Senseonics Holdings, Eastman Kodak Company, Beneficient, and Precigen all saw their shares fall. The declines were largely due to worse-than-expected Q2 financial results and lower-than-expected revenue guidance.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 11:03 am

SPB

Spectrum Brands (SPB) anticipates that some of the short-term demand headwinds will persist into Q4.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:34 am

SPB

Spectrum Brands has maintained its FY23 earnings framework but expects net sales to decline by mid single-digits. Excluding investment income, the company anticipates its adjusted EBITDA to be down low to mid single-digits.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:33 am

SPB

Spectrum Brands Holdings (NYSE:SPB) reported Q3 adjusted earnings of $0.75 per share, beating the analyst consensus estimate of $0.57 by 31.58%. However, the company's quarterly sales of $735.50 million missed the analyst consensus estimate of $780.97 million by 5.82%. This represents a 10.09% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:30 am

ARCE

Arco Platform Ltd (NASDAQ:ARCE) has agreed to a merger with Achieve Holdings and Achieve Merger Sub, a subsidiary of Bidders' HoldCo. Investment entities affiliated with General Atlantic L.P. and Dragoneer Investment Group, LLC will acquire all outstanding shares of ARCE for $14.00 per share in cash, a 55% premium over the closing price of $9.04 on November 30, 2022. The enterprise value of the acquisition is about $1.5 billion. The merger is expected to close in Q4 2023 or Q1 2024.

Portfolio Pulse from Shivani Kumaresan

August 11, 2023 | 10:11 am

CAAS

China Automotive Systems has reiterated its FY23 revenue forecast of $560.0M, which is slightly lower than the estimated $566.71M.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:03 am

CAAS

China Automotive Systems (NASDAQ:CAAS) reported Q2 earnings of $0.35 per share, a 12.9% increase YoY. However, the company's quarterly sales of $137.41M missed the analyst consensus estimate of $140.72M by 2.35%.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:02 am

AIRS

AirSculpt Technologies (NASDAQ:AIRS) reported Q2 adjusted earnings of $0.13 per share, missing the analyst consensus estimate of $0.15 by 13.33%. The company also reported quarterly sales of $55.70 million, slightly missing the estimate of $55.71 million by 0.02%. However, both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:02 am

PSTV

Plus Therapeutics has announced preliminary safety and efficacy results from a dose escalation trial, which showed a median overall survival of 10 months for patients with leptomeningeal metastases.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:01 am

PSTV

Plus Therapeutics Inc reported preliminary safety and efficacy data from the ReSPECT-LM study evaluating its lead radiotherapeutic, rhenium (186Re) obisbemeda, for leptomeningeal metastases (LM). The data showed no dose-limiting toxicities and a decrease in CSF tumor cell counts by up to 91%. The FDA has approved continued dose escalation. However, PSTV shares are down 7.99% premarket.

Portfolio Pulse from Vandana Singh

August 11, 2023 | 10:00 am