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RELY

Remitly Global shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:58 pm

PBM

Psyence Biomed Ltd. (NASDAQ:PBM) has entered into a $25 million common stock purchase agreement with White Lion Capital, allowing the company to sell up to $25 million in shares over 24 months, subject to SEC conditions.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:57 pm

CFLT

Confluent shares are trading lower after the company reported Q2 financial results and issued Q3 EPS guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:57 pm

HWKN

Hawkins, Inc. (NASDAQ:HWKN) has increased its quarterly cash dividend by 13% from $0.16 to $0.18 per share. The dividend is payable on August 30, 2024, to shareholders of record as of August 16, 2024. Hawkins has a long history of consistent dividend payouts since 1985.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:56 pm

BBSI

Barrett Business Services (NASDAQ:BBSI) reported Q2 2024 earnings per share (EPS) of $0.62, beating the analyst estimate of $0.58. The company also reported sales of $279.651 million, surpassing the estimate of $274.996 million. Both EPS and sales showed positive growth compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:56 pm

SVMH

SRIVARU Holding Limited (NASDAQ:SVMH, SVMHW) received an additional Nasdaq delisting notification due to non-compliance with market value requirements. The company has submitted a request for a hearing to appeal the decision.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:56 pm

NTGR

Netgear (NASDAQ:NTGR) reported Q2 2024 adjusted EPS of $(0.74), beating the $(0.81) estimate. Sales were $143.9M, surpassing the $132.941M estimate. Despite beating estimates, both EPS and sales showed significant declines compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:55 pm

TMDX

TransMedics Group shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:55 pm

JAKK

Jakks Pacific (NASDAQ:JAKK) reported Q2 2024 earnings of $0.65 per share, significantly beating the analyst estimate of $0.12. Sales were $148.619 million, also surpassing the $134.924 million estimate. Despite these beats, both earnings and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:54 pm

AMD

AVGO

MU

NVDA

SMH

SOXX

UMC

Broadcom Inc. (NASDAQ:AVGO) shares surged nearly 12% following strong earnings from Advanced Micro Devices Inc. (NASDAQ:AMD) and positive news on U.S. export regulations. The semiconductor sector, including ETFs like iShares Semiconductor ETF (NYSE:SOXX) and VanEck Semiconductor ETF (NYSE:SMH), experienced significant gains.

Portfolio Pulse from Vaishali Prayag

July 31, 2024 | 8:54 pm