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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

WERN

Werner Enterprises (NASDAQ:WERN) reported Q2 2024 adjusted EPS of $0.17, missing the $0.20 estimate. Sales were $760.798M, below the $770.804M estimate and down 6.20% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:31 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) reported Q3 earnings with revenue missing estimates at $9.1 billion, while EPS was in line at 93 cents per share. Comparable store sales declined 3% globally. The company opened 526 new stores and saw a 7% increase in U.S. rewards memberships. Starbucks declared a cash dividend of 57 cents per share.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 8:31 pm

KAI

Kadant (NYSE:KAI) reported strong Q2 earnings, with adjusted EPS of $2.81 beating the $2.43 estimate and sales of $274.76M surpassing the $263.41M estimate. This represents a 10.63% increase in EPS and a 12.12% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:31 pm