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UNIT

Uniti Group's Q2 earnings per share decreased by 22.73% YoY to $0.34, down from $0.44. The company's quarterly sales of $283.70 million missed the analyst consensus estimate of $290.51 million by 2.34%, marking a 0.10% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:06 pm

ACAD

ACADIA Pharmaceuticals (NASDAQ:ACAD) has received various analyst ratings in the last quarter, with a total of 20 analysts giving an average price target of $28.43, which is lower than the current price of $29.2. This average price target has increased by 16.37% from the previous average of $24.43.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:06 pm

CGNX

Cognex Corporation reported a Q2 FY23 revenue decline of 12% to $242.51 million, beating the consensus of $237.76 million. The company's revenue declined due to ongoing softness in e-commerce logistics and weaker demand from factory automation customers. Despite this, Cognex's financial position remains strong, with $832 million in cash and investments and no debt. However, the company's outlook for Q3 FY23 is less optimistic, with expected revenues of $180 million-$200 million, below the consensus of $250.36 million.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 1:06 pm

BDC

Belden has revised its FY23 revenue outlook downwards to $2.695B-$2.725B from the previous $2.71B-$2.76B, which is below the consensus of $2.74B. However, the company has raised its adjusted EPS forecast to $7.15-$7.35 from the prior $6.95-$7.25, slightly below the consensus of $7.16.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:06 pm

MGPI

MGP Ingredients has projected its FY23 sales to be between $815M and $835M, which is slightly below the estimated $829.76M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:06 pm

AAPL

HNHPF

Terry Gou, founder of Apple's lead supplier Foxconn, warns that a potential war involving Taiwan could cause a crash in the U.S. stock market. He stated that it could take as little as '10 seconds' for Wall Street to collapse in the event of a Taiwan Strait conflict. Apple, whose majority of iPhones are assembled by Foxconn in China, could be significantly affected by such a conflict.

Portfolio Pulse from Benzinga Neuro

August 04, 2023 | 1:06 pm

IIPR

Innovative Industrial Properties, Inc. (IIPR) reported Q2 2023 revenue of $76.5 million, an 8% YoY increase. Net income attributable to common stockholders was $40.9 million, or $1.44 per diluted share, compared to $39.9 million or $1.42 per diluted share in Q2 2022. The company paid a quarterly dividend of $1.80 per common share, an increase of 11% YoY. Rent collection was 97% for the quarter. A new lease was executed at IIPR’s Perez Road property in Cathedral City, California.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 1:06 pm

VRAX

Virax Biolabs Group Limited (NASDAQ:VRAX), a diagnostics company, has been granted a 180-day extension by Nasdaq to meet the $1 minimum bid price requirement. The company was initially given until July 31, 2023, to regain compliance, but this has now been extended to January 29, 2024.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:05 pm

ETSY

Oppenheimer analyst Jason Helfstein maintains an Outperform rating on Etsy (NASDAQ:ETSY) but lowers the price target from $150 to $135.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 1:05 pm

NVMI

Nova's management has provided an outlook for Q3 2023, expecting revenues of $119M-$126M and adjusted EPS of $1.02 to $1.13. Both estimates are above the consensus of $122.43M in revenue and $0.97 in EPS.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:05 pm