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OIS

Oil States International reported worse-than-expected Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:16 pm

TLRY

Tilray Brands has renewed its distribution agreement with Great North Distributors, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:16 pm

OTLY

Oatly Group reported disappointing Q2 financial results and reduced its FY23 revenue guidance, leading to a drop in its share price.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:15 pm

FFWM

First Foundation's shares are trading higher following the company's Q2 financial results, which exceeded expectations.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:15 pm

AMC

AMC Entertainment's proposed plan to convert preferred shares to common units and implement a stock split has been rejected by a court. This has led to volatility in the company's stock, causing it to trade lower.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:14 pm

FCN

FTI Consulting has revised its FY23 outlook, leading to a decrease in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:13 pm

SIMO

Shares of Silicon Motion Technology are trading lower, following a gain on Wednesday.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:12 pm

LAD

Lithia Motors Inc (NYSE:LAD) reported Q2 FY23 sales growth of 12% YoY to $8.11 billion, surpassing the analyst consensus of $7.92 billion, and adjusted EPS of $10.91, beating the analyst consensus of $9.26. Following the results, Benchmark and Citigroup analysts raised their price targets and EPS estimates for 2023 and 2024. Despite the positive news, LAD shares are trading lower by 3.1% at $310.55.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 6:10 pm

ESLOF

ESLOY

KODK

Eastman Kodak Co (KODK) has signed a perpetual, global brand licensing deal with Essilorluxottica (ESLOF, ESLOY). The deal, effective from January 1, 2024, grants EssilorLuxottica exclusive rights to use the Kodak registered trademarks for its products and services. The financial terms of the deal were not disclosed. Following the news, KODK shares rose by 2.22%.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 6:09 pm

SPOT

Oppenheimer analyst Jed Kelly maintained a Perform rating on Spotify Technology S.A. (NYSE:SPOT), citing bearish sentiment but highlighting strong Monthly Active Users (MAUs) and positive podcasting growth. Spotify's 2Q22 ARPU was 2% below Street due to product/markets mix-shift, but announced global pricing increases. The analyst sees potential growth despite challenges from large platforms like TikTok. Podcasting growth reaccelerated to 30%+ and is tracking towards break-even. Kelly increased 4QE ARPU by 7% Q/Q, and FY24E revenue by 1%. SPOT shares traded lower by 3.04% at $144.59 on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

July 27, 2023 | 6:08 pm