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MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) reported Q2 financial results, missing estimates on both revenue and EPS. The company saw a 314% increase in Bitcoin production, which offset a 14% decrease in average Bitcoin prices. Marathon sold 63% of the Bitcoin it produced in the quarter to fund operating costs. The company ended the quarter with $113.7 million in unrestricted cash and equivalents. HC Wainwright & Co. analyst Kevin Dede reiterated Marathon Digital with a Buy rating and a $20 price target.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 12:31 pm

PALI

Shares of Palisade Bio, Inc. are set to resume trading at 8:35 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:30 pm

BDX

CROX

EPR

GD

ZS

Jim Cramer expressed his views on several companies on CNBC's 'Mad Money Lightning Round'. He likes Crocs, Inc. but is concerned about the fad aspect. He is worried about Microsoft Corporation competing with Zscaler, Inc. He considers General Dynamics Corporation a 'buy' and appreciates Becton, Dickinson and Co's management. He does not trust EPR Properties due to their inconsistent earnings reporting.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 12:29 pm

EXFY

Loop Capital analyst Yun Kim has downgraded Expensify (NASDAQ:EXFY) from Buy to Hold and lowered the price target from $9 to $6.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 12:27 pm

IFF

Goldman Sachs analyst Adam Samuelson has downgraded Intl Flavors & Fragrances (IFF) from Buy to Neutral and lowered the price target from $120 to $78.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 12:25 pm

CMAX

CareMax has increased its FY23 revenue guidance from $700M-$750M to $750M-$780M, which is higher than the estimated $739.86M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:25 pm

ARRY

Array Technologies' shares are trading higher after the company reported better than expected earnings for Q2.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:25 pm

DKNG

DraftKings shares are trading lower after Penn Entertainment secured an exclusive agreement with ESPN for the ESPN Bet trademark for online sports betting in the U.S. for an initial 10-year term.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:24 pm

TCNNF

Trulieve Cannabis Corp. reported Q2 2023 revenues of $282 million, a 10% YoY decrease from $314 million in Q2 2022. Other financial highlights include a gross profit of $142 million (down 23% YoY), a net loss of $404 million, and an adjusted EBITDA of $79 million (down 29% YoY). Despite the decline, CEO Kim Rivers remains optimistic about the company's competitive position and future prospects.

Portfolio Pulse from Vuk Zdinjak

August 09, 2023 | 12:24 pm

AKAM

Akamai Technologies reported better-than-expected Q2 financial results and issued Q3 and FY23 adjusted EPS and revenue guidance above estimates. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:24 pm