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SOHU

Sohu.com Limited (NASDAQ: SOHU) reported a 13% year-over-year revenue growth for Q2 2024, driven by strong online game sales and increased mobile users. However, the company faced a decline in brand advertising revenues and adjusted gross margin. Sohu projects a decrease in Q3 brand advertising and online game revenues, with an expected adjusted net loss. Despite these challenges, SOHU stock gained 24% over the past year.

Portfolio Pulse from Anusuya Lahiri

August 05, 2024 | 10:53 am

AMD

ARM

ASML

INTC

NVDA

SOXX

Nvidia's stock plunged nearly 10% to below $100, leading a broader decline in semiconductor stocks in premarket trading. The drop is attributed to a rumored delay in Nvidia's next-gen Blackwell accelerators due to a design flaw. Other semiconductor stocks, including AMD, Intel, Arm Holdings, and ASML, also saw significant declines.

Portfolio Pulse from Shanthi Rexaline

August 05, 2024 | 10:51 am

SAH

Sonic Automotive (NYSE:SAH) reported Q2 2024 adjusted EPS of $1.47, beating the estimate of $1.38, but sales of $3.453 billion missed the $3.583 billion estimate. EPS decreased by 19.67% year-over-year, and sales decreased by 5.47% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:50 am

THC

Tenet Healthcare has reaffirmed its FY24 adjusted EBITDA outlook range as included in its Q2 earnings release.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:48 am

AMZN

GLD

SPY

UNG

USO

Global markets experienced significant declines, with Japan's Nikkei 225 crashing 13.47% and U.S. indices closing lower due to disappointing jobs data. The Nasdaq Composite entered correction territory, and recession fears heightened. Commodities like crude oil and natural gas also fell, while gold remained near record highs.

Portfolio Pulse from Akanksha Bakshi

August 05, 2024 | 10:44 am

APLD

CIFR

CLSK

FFIN

IREN

MSTR

RILY

RSKD

SERV

WULF

Several major stocks, including MicroStrategy, Cipher Mining, and TeraWulf, are experiencing significant declines in Monday's pre-market session, driven by a sharp drop in Bitcoin prices and other market factors.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 10:39 am

FRPT

Freshpet has updated its FY24 net sales guidance to at least $965 million, up from the previous guidance of at least $950 million. The new estimate surpasses the consensus estimate of $960.581 million.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:33 am

FRPT

Freshpet (NASDAQ:FRPT) reported Q2 2024 GAAP EPS of $(0.03), beating the $(0.08) estimate, and sales of $235.253M, surpassing the $231.053M estimate. This marks a significant improvement in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:31 am

Carlyle Group (NASDAQ:CG) reported Q2 2024 earnings per share of $0.78, missing the analyst estimate of $0.83 by 6.02%. The company also reported sales of $788.9 million, falling short of the $827.467 million estimate by 4.66%. This represents a 19.33% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:28 am

AAPL

AMZN

CAR

KOS

TSN

XOM

The Dow Jones index fell over 600 points following weak jobs data, with the CNN Money Fear and Greed index remaining in the 'Fear' zone. Amazon shares dropped 8.8% after mixed Q2 results, while Apple and Exxon Mobil reported better-than-expected earnings. Investors are awaiting earnings from Tyson Foods, Kosmos Energy, and Avis Budget Group.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 10:28 am