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HALO

Halozyme Therapeutics has projected its FY23 EPS to be between $2.65 and $2.75, surpassing the estimated $2.61. The company also expects its revenue to be between $825M and $845M, slightly above the estimated $823.06M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:33 pm

AXP

A significant bearish stance has been taken on American Express (NYSE:AXP) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 21% bullish and 78% bearish. The whales have been targeting a price range from $145.0 to $170.0 for American Express over the last 3 months. The price of AXP is down -0.65% at $165.87. Several financial institutions have given their ratings and price targets for AXP.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 8:31 pm

UNH

A significant bearish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by unusual options activity. The sentiment among big-money traders is split between 45% bullish and 54% bearish. The price range targeted by these traders for UnitedHealth Group over the last 3 months is from $460.0 to $550.0. Deutsche Bank, UBS, Mizuho, and Wells Fargo have maintained their ratings on UnitedHealth Group with price targets ranging from $510 to $561.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 8:31 pm

CELH

PEP

Celsius Holdings Inc (NASDAQ:CELH) reported better-than-expected Q2 financial results, with revenues of $326 million and EPS of 52 cents, beating estimates. The company's total revenue was up 112% YoY, with international revenue increasing 76% YoY and North America revenue up 114% YoY. The company ended the quarter with $681 million in cash and equivalents. The company's shares were up 13.2% after hours.

Portfolio Pulse from Adam Eckert

August 08, 2023 | 8:30 pm

HRT

HireRight Holdings (NYSE:HRT) reported Q2 earnings of $0.34 per share, missing the analyst consensus estimate of $0.35 by 2.86%. This is a 37.04% decrease from the same period last year. However, the company's quarterly sales of $192.12 million beat the analyst consensus estimate of $190.46 million by 0.87%, despite a 13.57% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:29 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) reported Q4 earnings of $3.51 per share, beating the analyst consensus estimate of $2.57 by 36.58%. This is a 33.97% increase from the same period last year. The company also reported quarterly sales of $2.19 billion, beating the analyst consensus estimate of $1.90 billion by 15.00%. This is a 33.64% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:28 pm

MODG

Topgolf Callaway Brands (NYSE:MODG) reported Q2 earnings of $0.39 per share, beating the analyst consensus estimate of $0.34 by 14.71%. However, this is a 17.02% decrease from the same period last year. The company's quarterly sales of $1.18 billion missed the analyst consensus estimate of $1.19 billion by 0.84%, but it's a 5.73% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:27 pm

AAPL

APP

Benchmark analyst Mark Zgutowicz maintains a bearish view on AppLovin Corp (APP) ahead of its Q2 report, despite a raised price target from $14 to $17. The analyst cites concerns over Apple Inc's (AAPL) inevitable eradication of fingerprinting, which APP's platform signals are materially dependent on, and ongoing restrictive IDFA dynamics as reasons for his skepticism. He also questions APP's longer-term ROAS trajectory and the company's ability to predict platform efficacy improvements.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 8:27 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) reported Q2 earnings with revenue of $1.12 billion, beating the Street consensus estimate of $978.9 million. The company also reported an adjusted loss of $1.08 per share, better than the estimated loss of $1.41 per share. Operating expenses were down from $1 billion YoY, and the net loss was $1.29 billion, compared to $1.71 billion a year ago. Rivian produced 13,992 vehicles and delivered 12,640 in Q2, up 50% and 60% QoQ respectively. The company ended Q2 with $10.2 billion in cash and cash equivalents. Rivian is raising its full-year production guidance from 50,000 units to 52,000 units and expects a full-year adjusted EBITDA loss of $4.2 billion.

Portfolio Pulse from Chris Katje

August 08, 2023 | 8:25 pm

KLIC

Kulicke & Soffa has projected its Q4 revenue to be between $180M and $220M, which is slightly lower than the estimated $209.73M. The company also expects its adjusted EPS to be $0.42 +/- 10%, slightly below the estimated $0.44.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:25 pm