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RVTY

Revvity (NYSE:RVTY) reported Q2 earnings of $1.21 per share, beating the analyst consensus estimate of $1.18 by 2.54%. However, this is a 38.89% decrease from the same period last year. The company also reported quarterly sales of $709.07 million, beating the estimate of $705.15 million by 0.56%, but this is a 20.83% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:06 am

ZBRA

Zebra Technologies Corp has projected a significant decline in its Q3 net sales by 30%-35% year-on-year, which is lower than the estimated $1.32B. The company also expects its adjusted EPS to be between $0.60-$1.00, significantly lower than the estimated $3.77. Furthermore, Zebra anticipates a 20%-23% decline in FY23 net sales, lower than the estimated $5.5B.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:03 am

EVEX

Eve Holding Inc (NYSE:EVEX) has appointed Johann Bordais, current President and CEO of Embraer Services & Support, as its new CEO, effective from September 1, 2023. Current co-CEOs, Andre Stein and Jerry DeMuro, will assume new roles within the company. The announcement led to a 1.89% increase in EVEX shares, closing at $9.15 on Monday.

Portfolio Pulse from Shivani Kumaresan

August 01, 2023 | 9:59 am

ZBRA

Zebra Technologies reported Q2 earnings of $3.29 per share, missing the analyst consensus estimate of $3.31 by 0.6 percent. This is a 28.63 percent decrease from the same period last year. The company also reported quarterly sales of $1.21 billion, missing the analyst consensus estimate of $1.31 billion by 7.40 percent, a 17.30 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 9:58 am

NIO

NIO has reported its July 2023 deliveries, which reached 20,462 vehicles, marking a 103.6% increase year-over-year. The deliveries included 14,066 premium smart electric SUVs and 6,396 premium smart electric sedans. As of July 31, 2023, cumulative deliveries of NIO vehicles have reached 364,579.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 9:39 am

LI

XPEV

Chinese EV startups Li Auto and XPeng reported their July delivery numbers. Li Auto saw a year-on-year increase of 227.5% to 34,134 vehicles, surpassing its previous month's delivery record. XPeng delivered 11,008 EVs in July, a 28% increase over the prior month, marking the company’s six straight month of delivery number growth. However, XPeng's delivery numbers are a slump from July last year.

Portfolio Pulse from Anan Ashraf

August 01, 2023 | 9:35 am

AAPL

AMD

AMZN

SOFI

U.S. stocks closed mostly higher on Monday, ending July on upbeat quarterly earnings. The S&P 500 added 3.1% for the month. SoFi Technologies shares jumped 20% after reporting better-than-expected Q2 results and raising FY23 net revenue guidance. Amazon and Apple are set to release earnings reports this week. The Nasdaq 100 rose 0.04% amid gains in shares of Amazon and Advanced Micro Devices. The CBOE Volatility Index rose 2.3%.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 9:31 am

NEWR

Credit Suisse analyst Fred Lee has downgraded New Relic (NEWR) from Outperform to Neutral and lowered the price target from $113 to $87.

Portfolio Pulse from richadhand@benzinga.com

August 01, 2023 | 9:31 am

EL

Citigroup analyst Filippo Falorni has downgraded Estee Lauder Cos (NYSE:EL) from Buy to Neutral and lowered the price target from $240 to $195.

Portfolio Pulse from richadhand@benzinga.com

August 01, 2023 | 9:30 am

AMSC

Shares of American Superconductor (AMSC) have surged 100% in premarket trading following a report published on Arxiv.org claiming the discovery of the first room-temperature ambient-pressure superconductor. However, the scientific community has expressed skepticism about the claim.

Portfolio Pulse from Charles Gross

August 01, 2023 | 9:19 am