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MRUS

Merus N.V. (NASDAQ:MRUS), a clinical-stage oncology company, has announced a proposed underwritten public offering of its common shares. The size and amount of the offering have not been disclosed. The company plans to use the net proceeds from the offering to advance the clinical development of its product candidates, for preclinical research and technology development, and for working capital and general corporate purposes. Jefferies, BofA Securities, Guggenheim Securities and William Blair are acting as joint book-running managers for the offering.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:44 pm

SHWZ

Medicine Man Technologies (OTC:SHWZ) reported Q2 losses of $(0.15) per share, missing the analyst consensus estimate of $(0.06) by 150%. This is a 162.5% decrease over earnings of $0.24 per share from the same period last year. The company also reported quarterly sales of $42.38 million, missing the analyst consensus estimate of $45.00 million by 5.83%. This is a 4.27% decrease over sales of $44.26 million the same period last year.

Portfolio Pulse from saritha@benzinga.com

August 09, 2023 | 8:39 pm

AOSL

Alpha and Omega Semiconductor (AOSL) has projected its Q1 revenue to be around $180M, with a possible deviation of $10M. This estimate surpasses the previous expectation of $172.93M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:39 pm

GRTX

Trading of Galera Therapeutics' shares will resume at 5:00 p.m. ET.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 8:38 pm

TTEK

Tetra Tech has increased its net revenue guidance for FY23 from $3.10B-$3.20B to $3.16B-$3.21B, which is still below the estimated $3.65B.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:36 pm

TTEK

Tetra Tech has increased its FY23 adjusted EPS guidance from $5.07-$5.17 to $5.22-$5.27, surpassing the consensus estimate of $5.12.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:35 pm

DIS

DKNG

PENN

The Walt Disney Company (NYSE:DIS) reported Q3 revenue of $22.33 billion, up 4% YoY but missing Street consensus estimates. Earnings per share were $1.03, beating estimates of 97 cents. The company reported a $90-million gain on its investment in DraftKings Inc (NASDAQ:DKNG), which it sold in the quarter. Disney also signed a recent partnership with PENN Entertainment (NASDAQ:PENN) for the ESPN Bet brand. Disney+ core subscribers reached 105.7 million.

Portfolio Pulse from Chris Katje

August 09, 2023 | 8:34 pm

APP

Applovin Corp (NASDAQ:APP) reported Q2 earnings that significantly beat estimates, with revenue of $750.16 million and EPS of 22 cents, against estimates of $724.27 million and 7 cents respectively. The company attributes its strong results to the successful launch of its latest AI-based advertising engine. Applovin also provided a positive outlook for Q3, expecting revenue between $780 million and $800 million, and adjusted EBITDA between $340 million and $360 million.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 8:34 pm

FOSL

Fossil Group reported a year-over-year decrease in Q2 financial results and lowered its FY23 worldwide net sales guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:33 pm

EGY

VAALCO Energy (NYSE:EGY) reported Q2 adjusted earnings of $0.11 per share, missing the analyst consensus estimate of $0.14 by 21.43%. This is a 78.85% decrease from the same period last year. However, the company's quarterly sales of $109.24 million beat the analyst consensus estimate of $96.68 million by 12.99%, despite being a 1.57% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:33 pm