Streetbeat News

Stock Prices

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q2 financial results with revenue of $24.93 billion, up 47% YoY, beating the Street consensus estimate of $24.48 billion. The company also reported a profit of 91 cents per share, beating the estimate of 82 cents per share. However, operating margins were lower than previous quarters at 9.6%, and gross margins were 18.2%, lower than the 25% reported a year ago. The company ended the quarter with $184 million in digital assets. Tesla also highlighted its progress on the Cybertruck, which remains on track for initial deliveries this year.

Portfolio Pulse from Chris Katje

July 19, 2023 | 8:28 pm

CCI

Crown Castle Inc. has updated its FY23 outlook, expecting lower EPS of $3.54-$3.73 against the previous estimate of $3.78. The company also anticipates AFFO of $7.50-$7.58. The revised outlook reflects lower expected tower activity for the rest of the year and higher expected interest expense, partially offset by expected lower expenses, interest income increases, and lower sustaining capital expenditures.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 8:25 pm

NFLX

Netflix, Inc (NASDAQ:NFLX) reported Q2 financial results with a 3% YoY increase in revenue to $8.19 billion, missing the consensus estimate of $8.29 billion. However, the company beat analyst estimates with quarterly earnings of $3.29 per share. The company also reported a significant increase in paid net adds, driven by the company’s paid sharing rollout to more than 100 countries. For Q3, Netflix expects revenue of approximately $8.52 billion and earnings of $3.52 per share. The company's shares were down 3.58% after hours.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 8:24 pm

RELL

Richardson Electronics (NASDAQ:RELL) reported Q4 earnings of $0.11 per share, missing the analyst consensus estimate of $0.19 by 42.11%. This is a 64.52% decrease from the same period last year. The company also reported quarterly sales of $58.83 million, missing the analyst consensus estimate of $61.50 million by 4.34%. This is a 4.54% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:23 pm

CALX

Calix (NYSE:CALX) reported Q2 sales of $250.00 million, missing the analyst consensus estimate of $257.11 million by 2.76 percent. However, this is a 23.74 percent increase over sales of $202.04 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:19 pm

CRWD

CrowdStrike Holdings's (NYSE:CRWD) short percent of float has fallen 14.04% since its last report, with 6.40 million shares sold short, which is 2.94% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, CrowdStrike has less short interest, with the peer group average at 5.33%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 8:15 pm

SGEN

Seagen's (NYSE:SGEN) short percent of float has fallen 8.66% since its last report, indicating a more bullish sentiment towards the stock. The company has 5.62 million shares sold short, which is 4.01% of all regular shares available for trading. This is higher than the average short interest of its peer group, which stands at 3.44%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 8:15 pm

GEHC

GE HealthCare Techs (NYSE:GEHC) has seen a 9.01% increase in short percent of float since its last report, with 8.82 million shares sold short, representing 2.42% of all regular shares available for trading. This could indicate a bearish market sentiment towards the stock. However, compared to its peers, GEHC has less short interest as a percentage of float, with the average being 3.28%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 8:15 pm

AA

Alcoa Corporation (AA) has projected that its total alumina and aluminum shipments for 2023 will remain unchanged at 12.7-12.9 million metric tons and 2.5-2.6 million metric tons, respectively.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:14 pm

EGIO

Edgio (NASDAQ:EGIO) reported Q4 sales of $108.80 million, beating the analyst consensus estimate of $103.17 million by 5.46 percent. This represents a 73.01 percent increase over sales of $62.88 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:13 pm