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EDIT

Editas Medicine has announced that its cash balance of $318.3 million is expected to provide a cash runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:06 am

INTC

MSFT

Reuters reported that Intel passed on a $1 billion investment in OpenAI in 2018, which could have given it a stake of up to 30%, according to sources.

Portfolio Pulse from charles@benzinga.com

August 07, 2024 | 11:06 am

SONY

Sony Group Corp (NYSE: SONY) reported strong fiscal Q1 2024 results, with sales and earnings beating analyst estimates. Key growth drivers were the Music and Gaming divisions. Despite a miss in PS5 unit sales, the company raised its fiscal 2024 sales outlook.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 11:06 am

ROK

Rockwell Automation has revised its fiscal year 2024 guidance, lowering its adjusted EPS expectation to ~$9.60 from the prior range of $10.00-$11.00, and now anticipates a sales decline of ~8.5% compared to the previous forecast of a 4.0%-6.0% decline.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:05 am

RDCM

Radcom (NASDAQ:RDCM) reported Q2 2024 adjusted EPS of $0.20, beating the estimate of $0.15 by 33.33%. Sales were $14.801M, surpassing the $14.114M estimate and showing a 19.63% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:05 am

AMGN

Amgen shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:05 am

VVV

Valvoline (NYSE:VVV) reported Q3 earnings of $0.45 per share, missing the analyst consensus estimate of $0.47. Quarterly sales were $421.40 million, also missing the estimate of $424.98 million. Despite the misses, earnings and sales showed year-over-year increases of 4.65% and 12.01%, respectively.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:05 am

RMBL

RumbleON (NASDAQ:RMBL) reported Q2 2024 GAAP EPS of $(0.02), beating the $(0.09) estimate, but missed sales estimates with $336.8M against $383.851M expected. EPS improved significantly from $(0.83) last year, but sales decreased by 12% from $382.73M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:04 am

ACB

Aurora Cannabis reported Q1 sales of C$83.4 million, surpassing the estimated C$77.217 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:04 am

SHOP

Shopify shares are trading higher after the company reported better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:04 am