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HBB

Hamilton Beach Brands (NYSE:HBB) reported Q2 earnings of $0.01 per share, a 97.22% decrease YoY. The company's quarterly sales were $137.11 million, missing the analyst consensus estimate of $144.10 million by 4.85%. This represents a 7.06% decrease in sales compared to the same period last year.

Portfolio Pulse from vinayak@benzinga.com

August 04, 2023 | 12:23 pm

PACB

PacBio has entered into an agreement to acquire Apton Biosystems in an all-stock transaction valued at up to $110 million. The deal includes an upfront consideration of $85 million in PacBio common stock and an additional $25 million payable upon achieving $50 million in revenue from a high throughput sequencer using Apton's technology.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:23 pm

BAND

Bandwidth has projected its Q3 2023 revenue to be between $148M-$150M, which is significantly lower than the estimated $220.03M. The company also expects its FY23 revenue to be between $588M-$592M, falling short of the estimated $864.52M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:23 pm

RVLV

Revolve Group, Inc. has announced a $100M stock repurchase program. This move is typically seen as a sign of the company's confidence in its own future prospects.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:23 pm

DASH

DoorDash Inc (NYSE:DASH) reported mixed Q2 financial results, with revenue of $2.13 billion beating estimates of $2.05 billion, but EPS loss of 44 cents missing estimates for a loss of 42 cents. Revenue was up 33% YoY, total orders increased 25% YoY to 532 million, and marketplace GOV jumped 26% YoY to $16.5 billion. The company expects Q3 marketplace GOV to be between $15.8 billion and $16.2 billion, and full-year marketplace GOV to be in the range of $64.2 billion to $65.2 billion.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 12:23 pm

DVN

Despite a historic plunge in U.S. crude inventories, oil prices fell by 3.4% due to broader market turmoil triggered by Fitch's downgrade of the U.S. government's top credit rating. Shares of Devon Energy Corp (NYSE:DVN) sank more than 7%, but the company's generous dividend yield of 9.10% makes it attractive for income investors. An investment of about $65,934 in Devon Energy would translate into a $500 dividend payout each month.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 12:22 pm

FXI

QCOM

Qualcomm has announced that its 2023 handset units will be down by at least a high single digit percentage due to weak macroeconomic conditions and a slower recovery in China.

Portfolio Pulse from Charles Gross

August 04, 2023 | 12:22 pm

OXY

Occidental Petroleum Corporation reported mixed Q2 results, with earnings per share of $0.63, missing the analyst consensus estimate of $0.72. However, the company beat sales estimates with $6.73 billion in quarterly sales. The company also reported production of 1,218 Mboed, surpassing guidance by 42 Mboed, and raised its full-year production guidance to 1,210 Mboed. Despite the mixed results, OXY shares were down 2.55% after hours.

Portfolio Pulse from Ryan Gustafson

August 04, 2023 | 12:22 pm

SBLK

Star Bulk Carriers (NASDAQ:SBLK) is set to release its quarterly earnings report on August 3, 2023. Analysts estimate an EPS of $0.64. The company's past performance shows a pattern of beating EPS estimates, which often leads to a share price increase. However, the stock has been down 30.17% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:22 pm

RMNI

Rimini Street has projected its Q3 FY23 revenue to be between $105.5M and $107.5M, which is slightly lower than the estimated $106.16M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:22 pm