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Wayfair Inc (NYSE:W) reported a Q2 FY23 sales decline of 3.4% YoY to $3.17 billion, beating the consensus of $3.10 billion. International net revenue fell 20.9% to $386 million, while U.S. revenue declined 0.4% to $2.8 billion. The number of active customers decreased by 7.6% YoY. Adjusted EPS of $0.21 beat the analyst consensus of $(0.67). The company held over $1.3 billion in cash and equivalents. Wayfair's shares are trading higher by 8.84% at $79.33 premarket.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:25 pm

ALIT

Alight (NYSE:ALIT) has received mostly bullish ratings from analysts in the last quarter, with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target for Alight is $12.5, a decrease of 16.67% from the previous average price target of $15.00.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:25 pm

ARAV

BJDX

SDGR

TTOO

In Thursday's pre-market session, several healthcare stocks saw significant movement. Bluejay Diagnostics, T2 Biosystems, Biomerica, Adamis Pharmaceuticals, Assure Hldgs, and TC BioPharm saw gains, while Aravive, Vicarious Surgical, Bio-Path Hldgs, Schrodinger, Outset Medical, and Staar Surgical experienced losses. The Q2 earnings reports for Schrodinger, Outset Medical, and Staar Surgical were released yesterday.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:25 pm

AMSC

RUN

UPWK

WCC

In Thursday's pre-market session, several industrial stocks showed significant movement. Upwork, Sunrun, Orion Energy Sys, Hudson Technologies, Nauticus Robotics, and Flux Power Holdings saw gains, while American Superconductor, WESCO Intl, Energy Recovery, Timken, Pitney Bowes, and Gaucho Group Holdings experienced losses. Q2 earnings reports were a common factor in these movements.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:24 pm

AWR

American States Water Company (NYSE:AWR) has announced an increase in its third quarter cash dividend from $0.3975 per share to $0.4300 per share. The annualized dividend rate after this increase is $1.72 per share, representing an 8.2% increase from the current annualized dividend rate of $1.59 per share. This marks the 349th consecutive dividend payment by the company, which has paid dividends every year since 1931.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:24 pm

APTV

Aptiv PLC reported a strong Q2 performance, beating Street estimates with net sales of $5.20 billion, up 28.2% Y/Y, and adjusted EPS of $1.25. The company also raised its full-year outlook, expecting net sales of $19.95 billion-$20.25 billion and adjusted EPS of $4.60-$4.90. The positive results were driven by growth in Asia, Europe, North and South America, and strong new business awards.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 1:24 pm

COOK

ONEW

Several consumer discretionary stocks experienced significant movement in Thursday's pre-market session. Traeger (COOK), Interactive Strength (TRNR), EVgo (EVGO), Stoneridge (SRI), EBET (EBET), and Wayfair (W) saw gains, while OneWater Marine (ONEW), QuantumScape (QS), Expedia Group (EXPE), Goodyear Tire & Rubber (GT), Marriott Vacations (VAC), and Revolve Gr (RVLV) experienced losses. Most of these movements were associated with the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:24 pm

SPY

USO

VGK

Saudi Arabia has announced that its voluntary cut in oil production can be extended and deepened, according to the state news agency.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:23 pm

CSGS

CSG Systems Intl (NASDAQ:CSGS) has received positive analyst ratings in the last quarter, with 4 bullish ratings and no bearish or indifferent ratings. The company's average 12-month price target has increased by 25.89% over the past month, currently standing at $70.5, with a high of $82.00 and a low of $60.00.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:23 pm

RELY

Remitly Global (NASDAQ:RELY) has received positive analyst ratings in the last quarter, with 1 bullish and 4 somewhat bullish ratings. The average 12-month price target for the company has increased by 11.06% to $23.6.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:23 pm