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FTRE

Fortrea Holdings (NASDAQ:FTRE) reported Q2 2024 adjusted EPS of $(0.03), missing the $0.08 estimate by 137.5%. Sales were $662.4M, missing the $689.077M estimate by 3.87% and down 8.65% from $725.1M last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:02 am

BBGI

Beasley Broadcast Group (NASDAQ:BBGI) reported Q2 sales of $60.44 million, missing the analyst consensus estimate of $60.80 million by 0.60%. This represents a 4.77% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:02 am

MNDY

Monday.com reported its Q2 earnings with an adjusted EPS of $0.94, surpassing the estimate of $0.56. The company's sales also exceeded expectations, coming in at $236.11 million compared to the estimated $229.00 million.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:01 am

CVX

Chevron Corp. (NYSE:CVX) is relocating its headquarters from California to Texas due to the challenging business environment in California, high cost of living, and difficulties in recruiting and relocating employees. Despite the move, Chevron will maintain a significant presence in California. The decision aligns with a broader trend of companies moving from California to Texas, including those owned by Elon Musk. Chevron's stock closed at $144.99, up 0.35% for the day, but has declined by 3.00% year to date.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 11:00 am

BITB

FBTC

GBTC

IBIT

Bitcoin's price nearing $58,000 has led to a significant decrease in Bitcoin ETFs. iShares Bitcoin Trust ETF (IBIT) fell by 3.53%, Grayscale Bitcoin Trust (GBTC) by 3.51%, Fidelity Wise Origin Bitcoin Fund (FBTC) by 3.18%, and Bitwise Bitcoin ETF (BITB) by 3.39%. The downturn follows a market selloff over the weekend, with BTC trading at $58,704.30.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 10:59 am

ASND

Trading has been halted for a company at 6:55:00 a.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:55 am

SPY

USO

OPEC's crude oil output increased by 185,000 barrels per day in July, reaching a total of 26.75 million barrels per day.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:47 am

PFE

Pfizer Inc. (NYSE:PFE) announced positive results from a Phase 3 clinical trial for its ABRYSVO vaccine in immunocompromised adults at risk of severe RSV. The vaccine showed strong safety and immunogenicity, generating a robust neutralizing response against RSV-A and RSV-B. Pfizer plans to present these findings at a scientific conference and submit them to regulatory agencies.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:47 am

SPY

USO

OPEC has revised its 2024 global oil-demand growth forecast down by 135,000 barrels per day to 2.1 million barrels per day. This adjustment reflects a more cautious outlook on global oil consumption.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:46 am

GOOG

WIT

Wipro Limited has expanded its strategic partnership with Google Cloud to adopt Google Cloud AI technologies, including Vertex AI and Gemini models. This collaboration aims to enhance developer productivity, accelerate cloud migrations, and deliver innovative GenAI solutions.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:45 am