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DXLG

Destination XL Group's shares fell after the company reported disappointing Q2 earnings and sales, and lowered its FY24 sales outlook.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:55 am

VSCO

Victoria's Secret shares rose following the company's announcement of better-than-expected Q2 earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:54 am

CLCO

Cool Co shares rise as the company reports better-than-expected Q2 sales.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:54 am

AMZN

Amazon has secured regulatory permission to acquire land in New Zealand for Project Kuiper, its satellite internet initiative. The project aims to provide global broadband coverage with over 3,000 satellites, similar to Starlink. Amazon plans to launch satellites by 2024 and start customer tests in 2025. The company reported a 10% revenue growth in Q2, but missed analyst estimates. Amazon's stock has gained 27% in the last year, with a 30.6% upside expected by 2025.

Portfolio Pulse from Anusuya Lahiri

August 29, 2024 | 11:54 am

BCDA

BioCardia's shares rise as the FDA approves its Morph DNA Steerable Introducer product family for market release.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:53 am

GES

Guess?, Inc. (NYSE:GES) shares are down 10.6% after reporting Q2 results that missed EPS estimates and cutting FY25 guidance. Despite a 10% revenue increase, higher expenses and increased promotions led to a 41.6% drop in adjusted earnings from operations. The company also lowered its FY25 revenue and EPS outlook.

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 11:51 am

CAVA

Cava Group shares declined following a downgrade by Morgan Stanley from Overweight to Equal-Weight, despite an increased price target from $90 to $110.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:48 am

CPB

Campbell Soup's shares are declining due to a Q4 revenue miss and weak FY25 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:45 am

CTLT

Catalent reported its Q4 2024 financial results, with adjusted EPS of $0.65, surpassing the estimated $0.47. The company's sales reached $1.301 billion, exceeding the forecasted $1.224 billion.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:45 am

MSTR

The digital assets sector has rebounded from the FTX collapse, with MicroStrategy outperforming Bitcoin and Ethereum. The introduction of spot ETFs has driven institutional adoption, but challenges remain.

Portfolio Pulse from Murtuza Merchant

August 29, 2024 | 11:44 am