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ARKK

ROKU

Roku, Inc. (NASDAQ:ROKU) shares rallied in premarket trading on Friday after the company reported better-than-expected Q2 results. Revenue was $847 million, beating the consensus estimate of $773.43 million. The company's loss narrowed to $0.76 per share, compared to the expected loss of $1.27 per share. Roku is the third biggest holding in Ark Invest's flagship Ark Innovation ETF (NYSE:ARKK), with a 7.18% weighting.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 11:15 am

BAH

Booz Allen Hamilton's shares are trading higher following positive first-quarter results.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:11 am

DAN

Dana Incorporated (NYSE:DAN) has revised its FY23 expectations, projecting a diluted adjusted EPS of $0.65-$1.05, up from the previous estimate of $0.25-$0.75. The company also expects FY23 sales to range between $10.45 billion and $10.95 billion, an increase from the prior view of $10.35 billion-$10.85 billion.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:07 am

NWL

Newell Brands has lowered its FY23 outlook, with adjusted EPS now expected to be $0.80 - $0.90, down from the previous $0.95 - $1.08. Revenue is also expected to be lower, at $8.20 - $8.34B, down from the previous $8.40B - $8.60B. The company's outlook for operating cash flow remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:04 am

RETA

Trading of shares in Reata Pharmaceuticals has been halted pending an announcement of unspecified news.

Portfolio Pulse from Charles Gross

July 28, 2023 | 11:02 am

BCPC

Balchem (NASDAQ:BCPC) reported Q2 adjusted earnings of $1.06 per share, beating the analyst consensus estimate of $0.84 by 26.19%. However, the company's quarterly sales of $231.30 million missed the analyst consensus estimate of $244.87 million by 5.54%. This represents a 2.28% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:01 am

CHD

Church & Dwight has increased its FY23 net sales growth outlook from 6-7% to approximately 8%. The company has also raised its organic sales growth guidance from 3-4% to around 5%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:58 am

PG

Procter & Gamble (P&G) has projected its earnings per share (EPS) for FY24 to be between $6.25 and $6.43, compared to the estimated $6.38.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 10:57 am

F

INTC

QQQ

ROKU

SPY

US stock futures indicate a rebound due to support from tech earnings. Intel Corp. and Roku, Inc. are among the stocks that are getting a lift from their earnings reports. The US economy may prove more resilient in the second half of 2023 than many forecasters had expected, according to Morgan Stanley's Ellen Zenter. In premarket trading on Friday, the SPDR S&P 500 ETF Trust rose 0.36% and the Invesco QQQ ETF gained 0.76%. Ford Motor Co. fell over 1.8% in premarket trading after it pushed out electric vehicle adoption goals despite the beat-and-raise quarter.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 10:55 am

BAH

Booz Allen Hamilton has reiterated its FY24 adjusted EPS guidance of $4.80-$4.95, which is in line with the consensus of $4.95. The company also expects sales growth of 7.0%–11.0%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:53 am