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HCP

HashiCorp Inc (NASDAQ:HCP) reported Q1 revenue of $137.98 million, beating estimates, and a loss of 7 cents per share, also better than expected. However, the company announced spending cuts and an 8% workforce reduction, causing its stock to tumble in after-hours trading.

Portfolio Pulse from Adam Eckert

June 07, 2023 | 8:29 pm

GME

GameStop reported Q1 net sales of $1.237 billion, down from $1.378 billion YoY, missing estimates of $1.36 billion. The company reported a net loss of $50.5 million and EPS loss of 14 cents, missing estimates of a 12 cents loss. Ryan Cohen has been elected as executive chairman.

Portfolio Pulse from Chris Katje

June 07, 2023 | 8:27 pm

CNM

Core & Main Inc. (NYSE:CNM) announces a secondary public offering of 14 million shares of its Class A common stock by certain selling stockholders. The company also plans to repurchase 3,125,728 shares of its Class A common stock and 1,874,272 partnership interests of its subsidiary Core & Main Holdings, LP. J.P. Morgan Securities LLC is acting as the sole underwriter for the offering.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 8:26 pm

SVRE

SaverOne 2014 has filed a prospectus related to the offer and sale of up to 5 million of ADSs by YA II PN, Ltd., or YA or the selling shareholder.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 8:22 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) has adjourned its 2023 Annual Meeting of Stockholders to July 6, 2023, to secure the votes needed for Proposal 2, which aims to increase the authorized number of shares of common stock. While other proposals have received the necessary votes, Proposal 2 requires a majority of all outstanding common stock for approval.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 8:21 pm

CURV

Torrid Holdings has reduced its FY23 net sales outlook from $1.265B-$1.320B to $1.095B-$1.145B, below the consensus estimate of $1.31B.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:21 pm

GME

GameStop (NYSE:GME) reported Q1 earnings with a miss of 16.67%, posting an EPS of $-0.14 against an estimate of $-0.12. Revenue was down $141 million YoY. Last quarter, the company beat EPS estimates, resulting in a 35.24% share price increase the following day.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 8:20 pm

DOGEUSD

Dogecoin co-founder Billy Markus participated in a Benzinga Twitter conversation about what people would do with $1 million. Markus suggested saving $520,000 for taxes. Responses varied from debt reduction and savings to investments and charitable giving.

Portfolio Pulse from AJ Fabino

June 07, 2023 | 8:19 pm

CURV

Torrid Holdings expects Q2 net sales to be between $280M-$295M, lower than the consensus estimate of $333.13M.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:18 pm

STCN

Steel Connect has announced a 1-for-3,500 reverse/forward stock split, which will reduce the number of outstanding shares and increase the stock price.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:18 pm