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KFRC

Kforce (NASDAQ:KFRC) reported Q2 earnings of $0.95 per share, missing the analyst consensus estimate of $0.98 by 3.06%. This is a 18.1% decrease from the same period last year. The company also reported quarterly sales of $389.19 million, missing the analyst consensus estimate of $396.00 million by 1.72%. This is a 10.84% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 31, 2023 | 9:17 pm

WDC

Western Digital Corp (NASDAQ:WDC) reported Q4 revenues of $2.67 billion, beating estimates of $2.52 billion, and a loss of $1.98 per share, also beating estimates. However, revenues were down 5.4% sequentially, with cloud revenue falling 18%. The company expects Q1 revenue to be between $2.55 billion and $2.75 billion, lower than estimates of $2.75 billion. Western Digital shares were down 1.95% after hours.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 9:16 pm

HSII

Heidrick & Struggles Intl (NASDAQ:HSII) reported Q2 earnings of $0.73 per share, beating the analyst consensus estimate of $0.69 by 5.8%. However, this is a 38.66% decrease from the same period last year. The company also reported quarterly sales of $271.23 million, beating the estimate of $265.26 million by 2.25%, but this is a 9.20% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 31, 2023 | 9:13 pm

FBRT

Franklin BSP Realty Trust (NYSE:FBRT) reported Q2 earnings of $0.66 per share, beating the analyst consensus estimate of $0.50 by 32%. This is a 127.59% increase from the same period last year. The company also reported quarterly sales of $84.03 million, beating the analyst consensus estimate of $67.19 million by 25.06%. This is a 111.57% increase from the same period last year.

Portfolio Pulse from sunil@benzinga.com

July 31, 2023 | 9:13 pm

ANET

Arista Networks Inc's shares are trading higher after the company reported better-than-expected Q2 financial results. The company's revenue increased by 38.7% YoY to $1.459 billion, beating the consensus estimate of $1.38 billion. The company also reported quarterly earnings of $1.58 per share, surpassing analyst estimates of $1.44 per share. Despite a slight decrease in gross margin YoY, the company surpassed 75 million cloud network ports shipped during the quarter. Arista anticipates a gross margin of approximately 62% in Q3 and revenue in the range of $1.45 billion to $1.5 billion.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 9:11 pm

BX

Blackstone's (NYSE:BX) short percent of float has risen 7.01% since its last report, with 20.61 million shares sold short, which is 2.9% of all regular shares available for trading. It would take traders 4.89 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Blackstone's peer group average for short interest as a percentage of float is 3.05%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:10 pm

PRU

Prudential Financial's (NYSE:PRU) short percent of float has fallen 7.49% since its last report, with 6.30 million shares sold short, which is 1.73% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Prudential Financial has less short interest as a percentage of float, with an average of 2.59%.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:09 pm

SLB

SLB's (NYSE:SLB) short percent of float has risen 27.64% since its last report, with 22.29 million shares sold short, which is 1.57% of all regular shares available for trading. It would take traders 1.64 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. SLB's peer group average for short interest as a percentage of float is 6.06%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:09 pm

VTS

Vitesse Energy (NYSE:VTS) reported Q2 earnings of $0.35 per share, missing the analyst consensus estimate of $0.53 by 33.96%. The company also reported quarterly sales of $51.59 million, missing the analyst consensus estimate of $58.90 million by 12.41%. This represents a 34.53% decrease over sales of $78.80 million the same period last year.

Portfolio Pulse from sunil@benzinga.com

July 31, 2023 | 9:08 pm

COIN

Coinbase shares have moved lower following a ruling on Ripple. The judge rejected a ruling regarding the secondary sale of tokens. This news is circulating among traders.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 9:08 pm