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USO

The American Petroleum Institute (API) reported a significant draw of 4.495 million barrels in crude oil stock. This news is likely to impact oil-related assets.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:39 pm

AX

Axos Financial (NYSE:AX) reported Q4 2024 adjusted EPS of $1.83, beating the estimate of $1.81. However, sales of $290.923 million missed the estimate of $300.152 million. Sales increased by 23.03% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:39 pm

AMD

INTC

NVDA

SOXX

SPY

AMD shares surged 4.8% in after-hours trading following a strong Q2 earnings report that beat expectations. The company reported increased revenue and earnings, driven by robust data center performance and accelerating AI business. AMD's Q3 guidance also topped expectations, projecting revenue of $6.7 billion. Rival Intel is set to report its earnings soon, while AMD's stock has lagged behind broader market indices year-to-date.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 8:37 pm

MTCH

Match Group, Inc. (NASDAQ:MTCH) shares rose after reporting strong Q2 results. The company posted earnings of 48 cents per share, matching analyst estimates, and sales of $864 million, beating expectations. Hinge's revenue surged 48%, while overall revenue increased by 4.15% year-over-year. Despite a 5% decline in payers, revenue per payer increased by 9%. CEO Bernard Kim highlighted positive trends for Tinder and expects further improvements in Q3.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 8:36 pm

QUAD

Quad/Graphics (NYSE:QUAD) reported Q2 2024 adjusted EPS of $0.12, beating the analyst estimate of $0.09. However, sales of $634.00 million missed the $663.25 million estimate and were down 9.83% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:36 pm

LMND

Lemonade (NYSE:LMND) reported Q2 2024 GAAP EPS of $(0.81), beating the estimate of $(0.86). Sales were $122 million, surpassing the $121.771 million estimate and showing a 16.63% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:34 pm

KAI

Kadant Inc. has revised its Q3 and FY24 guidance. For Q3, the company expects EPS of $2.36-$2.48, below the $2.67 estimate, and revenue of $257M-$269M, below the $273.88M estimate. For FY24, Kadant raised its EPS guidance to $9.80-$10.05 from $9.75-$10.05 and revenue guidance to $1.045B-$1.065B from $1.04B-$1.065B.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:34 pm

FRSH

Freshworks has revised its FY24 revenue forecast from $695M - $705M to $707M - $713M, surpassing the estimated $699.355M. The adjusted EPS forecast has been slightly adjusted from $0.32 - $0.35 to $0.32 - $0.34, aligning closely with the estimated $0.33.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:34 pm

DENN

Denny's (NASDAQ:DENN) reported Q2 2024 earnings per share of $0.13, missing the analyst estimate of $0.19 by 31.58%. Sales were $115.927 million, also missing the estimate of $118.980 million. Both earnings and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:33 pm

GRPN

Groupon (NASDAQ:GRPN) reported Q2 2024 adjusted EPS of $0.12, significantly beating the analyst estimate of $0.02. Sales were $124.60 million, also surpassing the $121.74 million estimate, despite a year-over-year decline.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:32 pm