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VOYA

Voya Financial has increased its authorization to repurchase common stock by $500M, bringing the total to $609M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:33 am

RCKY

Rocky Brands (NASDAQ:RCKY) reported Q2 sales of $99.82 million, missing the analyst consensus estimate of $103.80 million by 3.83 percent. This represents a 38.40 percent decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

August 04, 2023 | 10:33 am

MLNK

MeridianLink (NYSE:MLNK) reported Q2 earnings of $0.03 per share, missing the analyst consensus estimate of $0.06 by 50%. This is a 66.67% decrease from the same period last year. The company also reported quarterly sales of $75.40 million, missing the analyst consensus estimate of $77.25 million by 2.39%. However, this is a 3.31% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:33 am

LTCH

Latch, Inc. (NASDAQ:LTCH) has informed Nasdaq that it does not expect to meet its August 4, 2023 deadline for regaining compliance with its periodic filing obligations due to delays in restating its historical financial statements. As a result, Latch anticipates a delisting determination from Nasdaq and a suspension of its securities from trading on Nasdaq. The company expects its securities to be traded on the OTC Expert Market following the suspension. Latch has also commenced a reduction in force of approximately 59% of its full-time employees.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 10:33 am

AMD

ERIC

INTC

NOK

QQQ

SOXX

TSM

Advanced Micro Devices (AMD) reported Q2 results that exceeded estimates, with strong demand for its server and PC processors. The company's revenue fell 17.56% YoY but rose 0.94% sequentially to $5.36 billion. AMD forecast Q3 revenue of $5.7 billion and a non-GAAP gross margin of about 51%. The company is seeing strong AI engagements ahead of the MI300X launch. AMD's stock has risen about 81.6% this year.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 10:33 am

MGY

Magnolia Oil & Gas (NYSE:MGY) reported Q2 earnings of $0.51 per share, beating the analyst consensus estimate of $0.42 by 21.43%. However, the company's quarterly sales of $280.29 million missed the analyst consensus estimate of $293.27 million by 4.43%. This represents a 61.36% decrease in earnings and a 42.17% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:33 am

AZPN

Aspen Technology has announced plans for a new share repurchase authorization of up to $300 million of its common stock.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:33 am

ELF

e.l.f. Beauty, Inc. (NYSE:ELF) reported Q1 earnings of $1.10 per share, beating the analyst consensus estimate of $0.58, and sales of $216.34 million, beating the estimate of $184.92 million. The company also raised its fiscal year 2024 outlook, estimating a 37% to 39% YoY increase in net sales. ELF shares were up 14.1% after hours.

Portfolio Pulse from Ryan Gustafson

August 04, 2023 | 10:33 am

ALL

Allstate reported Q2 losses of $(4.42) per share, missing the analyst consensus estimate of $(4.04) by 9.41%. This is a 481.58% decrease over losses of $(0.76) per share from the same period last year. However, the company's quarterly sales of $12.62 billion beat the analyst consensus estimate of $12.52 billion by 0.80%, a 9.65% increase over sales of $11.51 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:33 am

PEN

Penumbra has increased its revenue guidance for FY23 to a range of $1.05 billion to $1.07 billion, compared to the previous estimate of $1.05 billion.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:32 am