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HPQ

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WLDR

HP Inc. reported mixed Q3 results with a 2.4% increase in net revenue, but a decline in adjusted EPS. The company tightened its FY24 outlook and increased its share repurchase authorization. HPQ shares are down 2.16% premarket.

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 10:26 am

NVDA

NVDL

NVDQ

NVDU

SOXL

SOXX

USD

Nvidia's recent earnings report, which exceeded expectations, led to mixed responses among ETFs associated with the company. While some ETFs like GraniteShares 2x Long NVDA Daily ETF and Direxion Daily NVDA Bull 2X Shares saw declines, others like T-Rex 2X Inverse NVIDIA Daily Target ETF and Direxion Daily Semiconductor Bull 3X Shares experienced gains. Nvidia's strong data center revenue was a highlight, but a contraction in gross margin led to a drop in Nvidia's shares in after-hours trading.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 10:15 am

AAPL

NVDA

Nvidia's Q2 earnings exceeded expectations, but shares fell due to a shift in sentiment. Analyst Dan Ives compares this to Apple's post-WWDC 2024 stock performance, emphasizing the importance of demand, guidance, and growth. Nvidia's future production plans are generating strong customer anticipation.

Portfolio Pulse from Ananya Gairola

August 29, 2024 | 10:08 am

GMS

GMS reported Q1 2025 earnings per share of $1.93, missing the analyst estimate of $2.14. Sales were $1.448 billion, below the expected $1.484 billion, but up 2.73% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 10:03 am

CM

Canadian Imperial Bank Of Commerce (CM) plans to purchase and cancel up to 20 million common shares, representing about 2.1% of its outstanding shares as of July 31, 2024, under a normal course issuer bid.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 10:00 am

DLTH

Duluth Holdings reported a Q2 EPS loss of $(0.11), missing the $(0.06) estimate, but sales of $141.62M beat the $130.10M estimate. EPS decreased by 83.33% from last year, while sales increased by 1.81%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:48 am

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) revised its annual revenue forecast downward following a major global Microsoft Windows outage in July. The outage delayed deals and impacted the company's reputation, leading to a drop in its stock price. Despite this, CrowdStrike beat Q2 revenue and earnings estimates.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 9:39 am

AFRM

BCDA

BIG

Affirm Holdings, Inc. (AFRM) shares surged 18% in pre-market trading due to better-than-expected Q4 earnings and positive Q1 guidance. Other notable pre-market movers include BioCardia, Inc. (BCDA) with a 109.5% gain after FDA clearance, and Big Lots, Inc. (BIG) with a 30.5% decline amid bankruptcy concerns.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 9:37 am

BIRK

Birkenstock Holding reported its Q3 financial results, missing both earnings and sales estimates. The company posted an adjusted EPS of $0.53, below the expected $0.58, and sales of $608.02 million, missing the $631.72 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:35 am

SY

So-Young International Inc. has received a warning from Nasdaq for its shares trading below the $1 minimum bid price for 30 consecutive days. This notice currently does not affect the trading of its shares.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:32 am