Streetbeat News

Stock Prices

WB

Weibo Corp (NASDAQ: WB) reported better-than-expected Q2 earnings with a slight revenue decline. Despite a drop in ad revenue and daily active users, the company saw improved user engagement and operating efficiency. The stock rose 2.28% premarket.

Portfolio Pulse from Anusuya Lahiri

August 22, 2024 | 11:16 am

PTON

Peloton Interactive has provided guidance for FY25, expecting total revenue between $2.4 billion and $2.5 billion, which is below the estimated $2.69 billion. The company anticipates a year-over-year decline in hardware sales and a modest increase in churn rates.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:15 am

EVGN

Evogene reported its Q2 2024 financial results with a GAAP EPS of $(1.06), which is not comparable to the $(0.12) estimate. However, the company exceeded sales expectations with $914,000 compared to the $800,000 estimate.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:08 am

AIOT

PowerFleet, Inc. (NASDAQ:AIOT) reported better-than-expected Q1 earnings with an adjusted EPS of $0.00, surpassing the analyst estimate of $(0.09). The company also reported quarterly sales of $75.43 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:06 am

DIA

GLD

SPY

UUP

U.S. stocks closed higher as investors anticipate a September rate cut following FOMC minutes. Consumer discretionary stocks led gains, while financials and energy lagged. Asian markets showed mixed results, with Japan's Nikkei 225 and Hong Kong's Hang Seng rising. European markets advanced slightly, and commodities showed varied movements. The U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

August 22, 2024 | 11:05 am

ALKS

Alkermes has initiated the Vibrance-2 Phase 2 study to evaluate ALKS 2680 for the treatment of Narcolepsy Type 2. This development marks a significant step in the company's research efforts in sleep disorders.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:01 am

PTON

Peloton Interactive reported better-than-expected Q4 2024 results with a GAAP EPS of $(0.08), beating the estimate of $(0.16), and sales of $643.60M, surpassing the $630.48M estimate. This marks a significant improvement from the previous year's losses.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:00 am

BJ

BJ's Wholesale Club shares rose following the release of their Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:49 am

PARA

PARAA

Paramount Global shares rose in pre-market trading after Edgar Bronfman Jr. increased his acquisition bid to $6 billion. This bid, which includes $3.2 billion for debt settlement or share acquisition, challenges a planned merger with Skydance Media.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 10:48 am

BJ

BJ's Wholesale Club reported a 3.1% increase in comparable club sales year-over-year for Q2, with a 2.4% rise excluding gasoline. Digital sales surged by 22%, and membership fee income grew by 9.1% to $113.1 million. Earnings per share were $1.08, with adjusted earnings at $1.09.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:46 am