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NPO

EnPro Industries' shares are trading lower despite the company reporting better than expected Q2 earnings.

Portfolio Pulse from Bill Haddad

August 08, 2023 | 5:06 pm

EXPD

Expeditors International of Washington Inc reported a 51% Y/Y decline in Q2 revenue to $2.24 billion, missing the consensus of $2.88 billion. Airfreight tonnage volume and ocean container volume declined 15% and 13% Y/Y respectively. Operating income fell 51% Y/Y to $248.5 million and EPS of $1.30, down 43% Y/Y, missed the consensus of $1.34. The company returned $1 billion to shareholders through share repurchase and dividend payments in H1 2023. Operating cash flow decreased to $158.4 million from $558.6 million a year ago. The company plans to manage down its headcount to align costs with lower levels of demand.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 5:06 pm

PAYO

Payoneer Global reported better-than-expected Q2 financial results and issued FY23 revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:05 pm

FOLD

Amicus Therapeutics reported a Q2 revenue beat, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

August 08, 2023 | 5:05 pm

JEPQ

JPM

CNBC has mentioned JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) in its final trade segment. JPMorgan Chase & Co. (JPM) is the issuer of this ETF.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 5:05 pm

WMK

Weis Markets reported a year-over-year increase in Q2 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:04 pm

AAPL

AMD

NVDA

SSNLF

TSM

Nvidia Corp's stock is trading lower along with its peers after Moody's downgraded its credit ratings of 10 U.S. banks and placed six others under review for potential downgrades. Nvidia launched the GH200 Grace Hopper platform based on a new Grace Hopper Superchip with the world's first HBM3e processor. Taiwan Semiconductor Manufacturing Company Ltd failed to keep up with Nvidia's demand for AI chip packaging, signaling an opportunity for Samsung Electronics Co, Ltd. Nvidia, along with Apple Inc, Samsung, and Intel Corp, are eyeing stakes in Softbank Group Corp backed British chip designer Arm. Advanced Micro Devices, Inc is considered another beneficiary of AI chips due to Nvidia's demand-supply anomalies.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 5:04 pm

UWMC

UWM Holdings Corporation's stock has been downgraded from Market Outperform to Market Perform by JMP Securities, leading to a decrease in the trading price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:02 pm

BWAY

BrainsWay (NASDAQ:BWAY) is set to release its latest quarterly earnings report on August 9, 2023. Analysts estimate an earnings per share (EPS) of $-0.17. The company's past performance shows a pattern of missing EPS estimates but still experiencing a slight increase in share price. The stock is currently trading at $2.33, down 59.79% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:02 pm

SDOT

Sadot Group (NASDAQ:SDOT) is set to release its latest quarterly earnings report on Wednesday, 2023-08-09. Analysts estimate an earnings per share (EPS) of $-0.02. The company's past performance shows a mix of positive and negative price changes post-earnings release. The stock is currently trading at $1.18 and has seen a 170.79% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:02 pm