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DNUT

Krispy Kreme (NASDAQ:DNUT) reported Q2 adjusted earnings of $0.07 per share, in line with analyst consensus. However, the company's quarterly sales of $408.90 million missed the estimated $410.83 million by 0.47%. This represents a 12.5% decrease in earnings and an 8.97% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:46 am

CPRI

TPR

Tapestry, Inc. has announced a definitive agreement to acquire Capri Holdings Limited for $57 per share in cash. This acquisition will likely have significant implications for both companies.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:46 am

WWW

Wolverine Worldwide has reduced its FY23 revenue outlook for ongoing business from $2.53B-$2.58B to $2.26B-$2.28B, against a consensus of $2.51B.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:37 am

WWW

Wolverine Worldwide has reported a challenging trading environment, particularly in global wholesale channels where order demand has slowed.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:34 am

WWW

Wolverine World Wide (NYSE:WWW) reported Q2 adjusted earnings of $0.19 per share, in line with analyst consensus. This is a 71.21% decrease from the same period last year. The company's quarterly sales of $589.10 million beat the analyst consensus estimate of $579.97 million by 1.57%, but this is a 17.45% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:31 am

AQN

Algonquin Power (NYSE:AQN) reported Q2 earnings of $0.08 per share, missing the analyst consensus estimate of $0.11 by 27.27%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $627.90 million, missing the analyst consensus estimate of $635.26 million by 1.16%. This is a 0.58% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:31 am

BABA

BIDU

NVDA

TCEHY

Chinese internet giants including Baidu, ByteDance, Tencent, and Alibaba have placed orders totaling $5 billion for Nvidia's A800 processors and graphics processing units (GPUs) for delivery in 2023 and 2024. The A800 processors are a modified version of Nvidia's A100 GPUs, tailored for data centers due to U.S. export restrictions. Nvidia's GPUs are highly sought after for computing power in developing large language AI models. Nvidia dominates the AI chips market with over 80% market share.

Portfolio Pulse from Anusuya Lahiri

August 10, 2023 | 10:28 am

GOCO

The Special Committee of the GoHealth Board of Directors has rejected a $20/share unsolicited, non-binding proposal received in May from its two largest stockholders, stating it undervalues the company.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:26 am

EEMA

EWU

EZU

FLAX

SPY

US markets closed lower on Wednesday, with the Dow Jones, S&P 500, and Nasdaq all recording losses. Asian markets, however, ended Thursday's session higher, with gains in Japan, Australia, China, and Hong Kong. President Biden issued an order restricting certain US investments in China. European markets were also up, with investors digesting corporate earnings ahead of a key US inflation reading. Commodities saw mixed results, while US futures were up. The US Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

August 10, 2023 | 10:24 am

GOCO

GoHealth has updated its FY23 revenue outlook to $800M-$850M, up from the previous guidance of $750M-$850M. The consensus was $779.09M. The company also increased its adjusted EBITDA forecast to $120M-$140M, compared to the prior guidance of $100M-$140M.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:19 am