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MTCH

Match Group anticipates a nearly 10% year-on-year growth in direct revenue from Tinder.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:27 am

ACT

Enact Holdings (NASDAQ:ACT) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of $0.82 by 34.15%. However, this is a 12.7% decrease from the same period last year. The company's quarterly sales were $277.52 million, missing the analyst consensus estimate of $285.54 million by 2.81%, but showing a 1.46% increase from the same period last year.

Portfolio Pulse from totan@benzinga.com

August 04, 2023 | 10:27 am

GLD

IWM

QQQ

TLT

UUP

The July labor market report is expected to influence future Federal Reserve rate decisions and could impact the volatility of five ETFs: iShares 20+ Year Treasury Bond ETF (TLT), Invesco DB USD Bullish Fund ETF (UUP), Invesco QQQ Trust (QQQ), iShares Russell 2000 ETF (IWM), and SPDR Gold Trust (GLD). Stronger-than-expected job growth and rising wages may lead investors to anticipate potential rate hikes, while lower-than-expected data could solidify expectations for a pause in rate increases.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 10:26 am

AZPN

Aspen Technology reported Q4 earnings of $2.13 per share, missing the analyst consensus estimate of $2.19 by 2.74%. This is a 12.35% decrease from the same period last year. The company also reported quarterly sales of $320.64 million, missing the analyst consensus estimate of $324.78 million by 1.27%. However, this is a 34.21% increase from the same period last year.

Portfolio Pulse from bharat@benzinga.com

August 04, 2023 | 10:26 am

TX

Ternium (NYSE:TX) reported Q2 earnings of $3.19 per share, beating the analyst consensus estimate of $1.96 by 62.76%. However, this is a 21.62% decrease from the same period last year. The company's quarterly sales of $3.87 billion missed the analyst consensus estimate of $3.88 billion by 0.23%, marking a 12.78% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:25 am

OI

O-I Glass has updated its financial guidance for FY23, expecting adjusted earnings to be around $3.10 to $3.25 per share, with adjusted free cash flow of about $475 million. Q3 2023 adjusted earnings are expected to be $0.68 to $0.73 per share, reflecting strong net price and solid operating and cost performance. However, shipment levels are likely to be down due to softer consumer demand in several markets and categories, and higher costs due to temporary production curtailment and higher interest expense.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:25 am

PRU

Prudential Financial's Q2 earnings per share of $2.94 missed the analyst consensus estimate of $3.04 by 3.29 percent, despite a 68.97 percent increase from the same period last year. The company's quarterly sales of $12.64 billion also fell short of the $12.68 billion estimate by 0.29 percent.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:25 am

AMD

AMD has projected its Q3 2023 revenue to be around $5.7 billion, which is lower than the estimated $5.82 billion.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:24 am

SBUX

Starbucks Corporation (NASDAQ:SBUX) reported Q3 revenue of $9.17 billion, up 12% YoY, but slightly below the consensus estimate of $9.29 billion. Earnings per share were $1, beating the estimate of 95 cents. Same store sales increased 10% YoY, with North America up 7% and international up 24%. China sales within the international segment rose 46% YoY. The company opened 588 new stores in Q3, bringing the total to 37,222. The U.S. rewards program membership increased 15% YoY to 31.4 million.

Portfolio Pulse from Chris Katje

August 04, 2023 | 10:24 am

SEDG

SolarEdge (SEDG) has reported that the US residential solar market is facing headwinds primarily due to higher interest rates.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:24 am