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UEIC

Universal Electronics (NASDAQ:UEIC) reported Q2 losses of $(0.09) per share, missing the $(0.04) estimate by 125%. Sales were $90.45M, missing the $95.09M estimate by 4.88%. Compared to last year, losses improved by 62.5%, but sales decreased by 15.77%.

Portfolio Pulse from totan@benzinga.com

August 08, 2024 | 8:12 pm

ARRY

Array Technologies (NASDAQ:ARRY) reported Q2 2024 adjusted EPS of $0.20, beating the $0.11 estimate. Sales were $255.766M, surpassing the $231.615M estimate. However, both EPS and sales decreased significantly compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:12 pm

PODD

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

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:12 pm

CWT

MCY

PCG

THG

UNP

The Park Fire, California's fourth-largest wildfire, has burned over 426,000 acres in Northern California, affecting companies in the insurance, utilities, and logistics sectors. Hanover Insurance Group, Mercury General, PG&E, California Water Service Group, and Union Pacific could face impacts.

Portfolio Pulse from Hayden Buckfire

August 08, 2024 | 8:11 pm

FTT

GBTC

SOLUSD

Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. Grayscale launches new crypto funds, and FTX is ordered to pay $12.7B to creditors. Solana spikes as Brazil approves the first Solana ETF. Analysts have mixed predictions for Bitcoin's future price movements.

Portfolio Pulse from Khyathi Dalal

August 08, 2024 | 8:11 pm

FNKO

Funko has announced its Q3 net sales forecast to be between $282 million and $297 million, which is below the estimated $319.22 million. Additionally, the company expects adjusted EPS to range from $0.01 to $0.06, significantly lower than the estimated $0.20.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:11 pm

CARG

CarGurus has provided its Q3 2024 financial guidance, projecting total revenue between $212M and $232M, compared to the estimated $219.419M. The company expects marketplace revenue to be between $199M and $204M, and non-GAAP consolidated adjusted EBITDA to range from $56M to $64M. Additionally, CarGurus anticipates non-GAAP EPS to be between $0.38 and $0.44, surpassing the estimated $0.33.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:11 pm

RCUS

Arcus Biosciences (NYSE:RCUS) reported Q2 2024 GAAP EPS of $(1.02), beating the estimate of $(1.18). Sales were $39.000M, surpassing the $25.613M estimate and showing a 34.48% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:10 pm

MHLD

Maiden Holdings (NASDAQ: MHLD) reported a significant decrease in quarterly earnings, with a loss of $(0.11) per share compared to $0.04 per share in the same period last year. However, the company saw a 9.40% increase in sales, reaching $12.08 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:10 pm

CUTR

Cutera shares are trading lower after the company reported worse-than-expected Q2 revenue results and cut its FY24 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:10 pm