Streetbeat News

Stock Prices

GT

Goodyear's Q2 revenues fell short of expectations, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:35 pm

FRHC

Citron Research has raised concerns about Freedom Holdings (FRHC) over its delayed 10k filing and potential delisting. The head of the audit committee, Amber Williams, is under scrutiny for her lack of resignation despite the previous auditors being sanctioned and suspended from the PCAOB.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:35 pm

BATRK

Liberty Braves Group (NASDAQ:BATRK) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $0.49. The company's past performance shows a pattern of EPS misses followed by slight share price drops. The stock is currently trading at $39.75, up 44.59% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:35 pm

EXPE

Expedia Group's shares are trading lower following the company's Q2 revenue results, which were below expectations. The company also reiterated its FY23 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:35 pm

PYPL

PayPal's shares are trading lower following the company's report of a sequential decline in active accounts.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:35 pm

REGN

Regeneron Pharmaceuticals, Inc. (REGN) shares are trading higher following the release of better-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:34 pm

BTCUSD

MSTR

MicroStrategy Inc (NASDAQ:MSTR) purchased an additional 12,800 Bitcoin (CRYPTO: BTC) in Q2 for $361.4 million, bringing its total Bitcoin holdings to 152,800. Executive chairman Michael Saylor believes that investing in MicroStrategy is the best way to gain exposure to Bitcoin, as the company's operations provide diversification against Bitcoin's volatility and allow it to borrow money at low rates. Despite a recent dip in MicroStrategy's share price, Saylor does not see the potential approval of a Bitcoin ETF as a threat to the company.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 1:34 pm

K

Kellogg Company reported Q2 FY23 organic sales growth of 7.1% to $4.14 billion, beating the analyst consensus. Adjusted EPS of $1.25 also surpassed the consensus of $1.11. The company's sales increased in North America, Europe, and Latin America, but fell in Asia Pacific, Middle East, and Africa. Kellogg revised its FY23 organic net sales growth outlook to about 7% from 6% - 7% previously. However, K shares are trading lower by 0.18% at $66.52.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 1:34 pm

WIX

Wix.com Ltd reported Q2 FY23 revenue growth of 13% YoY to $389.98 million, beating the consensus of $381.9 million. Non-GAAP EPS of $1.26 also beat the consensus of $0.54. The company's Creative Subscription revenue increased 11% YoY to $287.1 million, and Business Solutions' revenue rose 18% to $102.9 million. Wix.com generated $47.8 million in operating cash flow and held $832.1 million in cash and equivalents. The company raised its FY23 revenue outlook to $1.543 billion - $1.558 billion.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:34 pm

MCK

McKesson Corporation's shares are trading higher following the release of strong Q1 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:34 pm