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MODG

Topgolf Callaway Brands (NYSE:MODG) reported Q2 earnings of $0.39 per share, beating the analyst consensus estimate of $0.34 by 14.71%. However, this is a 17.02% decrease from the same period last year. The company's quarterly sales of $1.18 billion missed the analyst consensus estimate of $1.19 billion by 0.84%, but it's a 5.73% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:27 pm

AAPL

APP

Benchmark analyst Mark Zgutowicz maintains a bearish view on AppLovin Corp (APP) ahead of its Q2 report, despite a raised price target from $14 to $17. The analyst cites concerns over Apple Inc's (AAPL) inevitable eradication of fingerprinting, which APP's platform signals are materially dependent on, and ongoing restrictive IDFA dynamics as reasons for his skepticism. He also questions APP's longer-term ROAS trajectory and the company's ability to predict platform efficacy improvements.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 8:27 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) reported Q2 earnings with revenue of $1.12 billion, beating the Street consensus estimate of $978.9 million. The company also reported an adjusted loss of $1.08 per share, better than the estimated loss of $1.41 per share. Operating expenses were down from $1 billion YoY, and the net loss was $1.29 billion, compared to $1.71 billion a year ago. Rivian produced 13,992 vehicles and delivered 12,640 in Q2, up 50% and 60% QoQ respectively. The company ended Q2 with $10.2 billion in cash and cash equivalents. Rivian is raising its full-year production guidance from 50,000 units to 52,000 units and expects a full-year adjusted EBITDA loss of $4.2 billion.

Portfolio Pulse from Chris Katje

August 08, 2023 | 8:25 pm

KLIC

Kulicke & Soffa has projected its Q4 revenue to be between $180M and $220M, which is slightly lower than the estimated $209.73M. The company also expects its adjusted EPS to be $0.42 +/- 10%, slightly below the estimated $0.44.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:25 pm

KODK

Eastman Kodak (NYSE:KODK) reported Q2 sales of $295.00 million, a decrease of 8.10% from $321.00 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:25 pm

VTLE

Vital Energy (NYSE:VTLE) reported Q2 adjusted earnings of $4.35 per share, missing the analyst consensus estimate of $4.38 by 0.68 percent. The company's quarterly sales were $335.06 million, missing the analyst consensus estimate of $344.16 million by 2.64 percent. This represents a 40.18 percent decrease over sales of $560.16 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:24 pm

CTOS

Custom Truck One Source (NYSE:CTOS) reported Q2 earnings of $0.05 per share, beating the analyst consensus estimate of $0.02 by 150%. The company also reported quarterly sales of $456.83 million, surpassing the analyst consensus estimate of $387.90 million by 17.77%. This represents a 26.16% increase over sales of $362.11 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:24 pm

KLIC

Kulicke & Soffa Indus (NASDAQ:KLIC) reported Q3 earnings of $0.55 per share, beating the analyst consensus estimate of $0.32 by 71.88%. However, this is a 73.68% decrease from last year's earnings. The company also reported quarterly sales of $190.92 million, beating the estimate of $190.08 million by 0.44%, but this is a 48.70% decrease from last year's sales.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:24 pm

REAL

RealReal (NASDAQ:REAL) reported Q2 losses of $(0.30) per share, beating the analyst consensus estimate of $(0.35) by 14.29%. However, the company's quarterly sales of $130.85 million missed the analyst consensus estimate of $132.75 million by 1.43%. This represents a 15.27% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:23 pm

WES

Western Midstream (NYSE:WES) reported Q2 sales of $738.27 million, missing the analyst consensus estimate of $816.33 million by 9.56 percent. This represents a 15.76 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:22 pm