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FOXF

Fox Factory Holding's shares dropped following the announcement of Q1 financial results and future revenue guidance for Q2 and FY24, which fell below market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:27 pm

ARDX

Ardelyx shares are trading higher following the announcement of better-than-expected financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:25 pm

REZI

Resideo Technologies, Inc. forecasts its Q2 net revenue to be between $1.51B and $1.56B, slightly below the estimated $1.578B. However, its adjusted EPS is expected to range from $0.43 to $0.53, surpassing the estimated $0.42.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:25 pm

WK

Workiva (NYSE:WK) reported Q1 2024 adjusted EPS of $0.22, surpassing the $0.17 estimate, marking a 283.33% increase from last year's losses. Sales reached $175.667M, exceeding the $174.081M estimate, a 16.96% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:25 pm

CVNA

Carvana Co. (NYSE:CVNA) saw its stock soar by 33% after surpassing first-quarter earnings expectations, marking an annual gain of over 1,500% and causing significant losses for short sellers, estimated at $3.9 billion. This performance represents a remarkable recovery for the company, which had faced challenges post-COVID-19. Despite this, analysts remain cautious with a consensus price target suggesting a potential downside. However, optimism is growing, with upgrades and increased profitability forecasts from analysts.

Portfolio Pulse from Piero Cingari

May 02, 2024 | 9:24 pm

CRWD

FTNT

S

ZS

Fortinet, Inc. (NASDAQ:FTNT) reported Q1 earnings with a per-share beat and revenue growth, despite a decline in product revenue and total billings. The company provided a robust outlook for Q2 and the full year, exceeding analyst estimates. Shares of Fortinet and other cybersecurity firms like Zscaler, Inc. (NASDAQ:ZS), CrowdStrike Holdings, Inc. (NASDAQ:CRWD), and SentinelOne, Inc. (NYSE:S) fell in after-hours trading.

Portfolio Pulse from Erica Kollmann

May 02, 2024 | 9:24 pm

RARE

Ultragenyx Pharmaceuticals shares are trading lower following the announcement of worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:24 pm

SGHT

Sight Sciences (NASDAQ:SGHT) reported Q1 2024 earnings with a GAAP EPS of $(0.33), missing the $(0.30) estimate, but sales of $19.265M exceeded the $18.382M forecast. This represents a slight improvement in losses and a sales increase compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:23 pm

DLB

Dolby Laboratories projects its FY24 total revenue to be around $1.30 billion, slightly above the estimate of $1.298 billion, with an adjusted EPS forecast of $3.60-$3.75, closely aligning with the estimated $3.69.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:22 pm

UPLD

Upland Software reported Q1 2024 adjusted EPS of $0.19, surpassing the $0.14 estimate, with sales of $70.736M also beating the $68.326M estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:22 pm