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ARAY

Accuray has projected its FY24 revenue to be between $460M-$470M, which is higher than the estimated $451.05M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:53 pm

ARMK

Aramark has announced a secondary offering of 21.26 million shares of common stock by a selling shareholder. The company itself will not receive any proceeds from this offering.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:52 pm

MGNI

Magnite has updated its Q3 forecast, expecting a contribution ex-TAC of $128M-$132M. The company also anticipates growth in the mid-to-high single digits for 2023, a slight decrease from its previous high single-digit prediction.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:51 pm

CRGY

Crescent Energy (NYSE:CRGY) reported Q2 earnings of $0.51 per share, beating the analyst consensus estimate of $0.14 by 264.29%. However, this is a 60.77% decrease from the same period last year. The company also reported quarterly sales of $492.34 million, beating the estimate of $482.14 million by 2.12%, but this is a 45.80% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 8:50 pm

MOR

MorphoSys reported Q2 losses of $(2.35) per share, missing the analyst consensus estimate of $(1.88) by 25 percent. This is a 28.42 percent decrease over losses from the same period last year. The company also reported quarterly sales of $57.98 million, missing the analyst consensus estimate of $58.46 million by 0.81 percent, a 8.41 percent decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:48 pm

NN

NextNav (NASDAQ:NN) reported Q2 losses of $(0.15) per share, missing the analyst consensus estimate of $(0.14) by 7.14 percent. This is a 1600 percent decrease over earnings of $0.01 per share from the same period last year. The company also reported quarterly sales of $800.00 thousand, missing the analyst consensus estimate of $990.00 thousand by 19.19 percent, a 43.70 percent decrease over sales of $1.42 million the same period last year.

Portfolio Pulse from vinayak@benzinga.com

August 09, 2023 | 8:48 pm

PRPL

Purple Innovation has projected its FY23 revenue to be between $560M and $590M, which is slightly below the estimated $588.37M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:47 pm

SONO

Sonos Inc's Q2 financial results exceeded expectations, with revenues of $373.36 million and an EPS of 16 cents, beating estimates of $334.24 million and a loss of 20 cents respectively. Despite a challenging environment, the company is outperforming the competition and remains on track to meet its fiscal 2023 guidance. However, the company's gross margin fell 130 basis points to 46%, and free cash flow was negative $7.8 million. Sonos shares were up 10.7% after hours.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 8:47 pm

DIS

Disney CEO, Iger, has stated that despite a challenging advertising market, the company has started to see early signs of improvement in this quarter.

Portfolio Pulse from Charles Gross

August 09, 2023 | 8:46 pm

UPS

A significant amount of unusual options activity has been observed for United Parcel Service (NYSE:UPS), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades have targeted a price range from $160.0 to $220.0 for UPS over the last 3 months. The current price of UPS is $179.37, down by 0.65%. Several financial institutions have maintained or downgraded their ratings on UPS, with price targets ranging from $185 to $195.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 8:46 pm