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HLIO

Helios Technologies has revised its 2023 outlook downwards due to the pull forward of capacity investments in response to increasing customer demand for 2024 and beyond. The company also cites lower near-term visibility in the Asia-Pacific region and recent facility impacts as reasons for the adjustment.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 9:21 pm

LCID

Lucid Group Inc's CFO has announced significant improvements in logistics costs in 2023 due to routing and declining rates globally.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 9:19 pm

HLIO

Helios Technologies has reduced its FY23 consolidated revenue forecast from $910M-$940M to $880M-$900M, which is below the consensus estimate of $916.93M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 9:18 pm

WHD

Cactus Inc. anticipates a sequential decrease in revenue for Q3 due to lower U.S. land activity levels.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 9:17 pm

BECN

Beacon Roofing Supply, Inc. (NASDAQ:BECN) has announced the commencement of an underwritten secondary public offering of 5 million shares of its common stock by CD&R Boulder Holdings, L.P., an entity affiliated with Clayton, Dubilier & Rice, LLC. Morgan Stanley is the sole underwriter in the offering. The selling stockholder will receive all net proceeds and will continue to hold over 10 million shares of Beacon common stock after the offering. No shares are being sold by Beacon, and the total number of Beacon's shares outstanding will not change as a result of the offering.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 9:09 pm

ESTE

Earthstone Energy, Inc. (ESTE) announced that Warburg Pincus LLC and its affiliates have sold their remaining 12.9 million shares of Earthstone's Class A common stock. With this sale, Warburg Pincus no longer holds any shares of Earthstone's Class A or Class B common stock. The recent stock sale will increase Earthstone's float by approximately 25%, which is expected to positively impact the company's stock trading liquidity.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 9:08 pm

CHGG

Chegg, Inc. (NYSE:CHGG) shares are trading higher after the company's Q2 earnings report. The company reported earnings of 28 cents per share, in line with analyst consensus, and sales of $182.90 million, beating the analyst consensus of $176.19 million. However, both figures represent a decrease from the same period last year. Subscription Services revenues and subscribers also decreased year-over-year. The company launched the beta version of its initial generative AI experience in May and received positive feedback.

Portfolio Pulse from Ryan Gustafson

August 07, 2023 | 9:04 pm

BRBR

BellRing Brands has increased its FY23 net sales guidance from $1.61B-$1.66B to $1.63-$1.67B, which is in line with the estimated $1.64B.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 9:03 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) announced its unaudited mining and operations updates for July 2023, revealing that it mined 220 Bitcoins, a 41% year-over-year increase. The company also reported steady growth in its total hash rate under management, as it expanded its self-owned and hosted mining machines.

Portfolio Pulse from Charles Gross

August 07, 2023 | 9:02 pm

BVS

Bioventus (NASDAQ:BVS) is set to release its quarterly earnings report on Tuesday, 2023-08-08, with analysts estimating an EPS of $0.03. The company's past performance shows a mixed trend of earnings beats and misses, with the last quarter missing EPS by $0.11, followed by a 9.17% increase in share price. The stock is currently trading at $3.6, down 59.48% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 9:01 pm