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GDRX

GoodRx has projected its Q3 total revenue to be between $186M and $190M, which is lower than the estimated $192.58M. The company reported a revenue of $187.3M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 10:05 am

LL

LL Flooring Holdings reported Q2 losses of $1.28 per share, missing the analyst consensus estimate of $0.41 by 212.2%. This is a 1084.62% decrease from the same period last year. The company also reported quarterly sales of $236.42 million, missing the analyst consensus estimate of $257.90 million by 8.33%. This is a 20.92% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 10:03 am

F

GM

LCID

Lucid Motors (NASDAQ:LCID) reported a loss of over $500,000 per vehicle sold in its Q2 earnings, with a net loss of about $764 million. Despite this, analysts remain hopeful about the company's prospects. Following the announcement of price reductions, Lucid's shares surged over 6% on Tuesday. Traditional automakers like Ford (NYSE:F) and General Motors (NYSE:GM) are also grappling with profit losses as they transition to EVs.

Portfolio Pulse from Benzinga Neuro

August 09, 2023 | 10:02 am

LPSN

LivePerson Inc's shares surged by 13% following a Q2 FY23 earnings beat. The company reported revenue of $97.52 million, surpassing the consensus of $96.85 million. Despite a 26.4% Y/Y decline in revenue due to the exit of lower-margin and non-core lines of business, the company inked 69 deals in Q2. Adjusted operating income stood at $3.1 million, a significant improvement from a loss of $12.6 million a year ago. The company also announced that CFO John Collins will assume the additional role of interim CEO, effective August 7, 2023.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 9:58 am

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares climbed in premarket trading following the release of its Q2 results. The company reported a YoY increase in revenue to $1.12 billion, exceeding the consensus estimate of $1 billion. The net loss per share also narrowed YoY from $1.89 to $1.27, beating analysts' estimates. Rivian raised its 2023 production guidance from 50,000 units to 52,000 units and improved its adjusted EBITDA guidance. Wedbush analyst Daniel Ives commented positively on the results.

Portfolio Pulse from Shanthi Rexaline

August 09, 2023 | 9:52 am

AAPL

Apple Inc. (NASDAQ:AAPL) is set to launch the iPhone 15 on September 12, featuring major upgrades such as thinner bezels, camera upgrades, a new Action Button, and other design and hardware improvements. The iPhone 15 Pro and Pro Max prices are expected to increase by $100 in the US. The new models will also feature a titanium body, USB Type-C port, periscope camera, and a programmable Action Button. The iPhone 15 series is expected to be powered by up to 20% more dense batteries and could potentially increase the baseline storage to 256GB.

Portfolio Pulse from Rounak Jain

August 09, 2023 | 9:48 am

AMZN

DISH

LLY

MSFT

SATS

The S&P 500 and Nasdaq 100 fell on Tuesday, with the S&P 500 Banks index losing 2.5% year-to-date. Moody's downgraded 10 small- to mid-sized lenders, contributing to the decline. Eli Lilly and DISH Network saw share increases after positive Q2 results and a merger announcement, respectively. The CBOE Volatility Index rose 1.4% ahead of upcoming CPI and PPI data releases.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 9:41 am

HMC

Honda Motor Co Ltd (NYSE:HMC) reported a 20.8% YoY increase in Q1 FY24 sales revenue to ¥4.62 trillion. The company's Automobile, Motorcycle, and Financial Services businesses saw revenue growth of 30.2%, 12.0%, and 3.1% respectively. Operating profit was up 77.5% YoY, beating consensus estimates. The company reaffirmed its FY24 outlook and announced a stock split, effective October 1, 2023. HMC shares are trading higher by 2.95% premarket.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 9:37 am

ZIP

Evercore ISI Group analyst Mark Mahaney has downgraded ZipRecruiter (NYSE:ZIP) from Outperform to Neutral and lowered the price target from $20 to $18.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 9:19 am

LVLU

Baird analyst Mark Altschwager has downgraded Lulus Fashion Lounge (NASDAQ:LVLU) from Outperform to Neutral and lowered the price target from $4 to $3.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 9:18 am