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UP

Wheels Up Experience Inc. reported a significant decrease in its Q1 performance metrics, with a 25% drop in active members to 9,155 and a 23% reduction in active users to 10,218, year-over-year. The company also saw a 24% decrease in live flight legs and a 26% decrease in total private jet flight transaction value, attributing these declines to a strategic focus on profitable flying and an industry slowdown. Additionally, the total private jet flight transaction value per live flight leg fell by 3% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:34 pm

UP

Wheels Up Experience (NYSE:UP) reported a Q1 GAAP EPS of $(0.14), improving from $(3.10) YoY, but missed sales estimates with $197.10M against the expected $376.18M. Sales decreased by 43.98% from last year's $351.81M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:33 pm

UWMC

UWM Holdings (UWMC) reported Q1 2024 earnings of $0.09 per share, surpassing the consensus estimate of $0.06 by 50%. Quarterly sales reached $569.956 million, exceeding estimates of $451.732 million by 26.17% and marking a 253.41% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:33 pm

AGS

PlayAGS has entered into a definitive agreement to be acquired by affiliates of Brightstar Capital Partners for $12.50 per share in cash. This purchase price is a 41% premium over the last 90 days' volume-weighted average share price and a 40% premium over AGS' closing price on May 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:33 pm

MOGO

Mogo Inc. (NASDAQ:MOGO) reported Q1 sales of $17.900 million, surpassing the analyst consensus estimate of $17.271 million by 3.64%. This represents a significant increase of 52.42% over the sales of $11.744 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:31 pm

AMGN

ARM

BWAY

CAKE

CDLX

EMR

HOOD

RNG

TTD

UBER

Wall Street analysts have updated their price targets and ratings for several US-listed companies, leading to varied stock price movements. Notable adjustments include increases in price targets for RingCentral, Robinhood Markets, Emerson Electric, Arm Holdings, The Cheesecake Factory, BrainsWay, Uber Technologies, Amgen, and The Trade Desk, with a decrease for Cardlytics.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 12:28 pm

PSNL

Personalis shares surged following the announcement of Q1 financial results that exceeded expectations, along with Q2 revenue guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:26 pm

BKTI

BK Technologies reported a significant improvement in its Q1 adjusted earnings, posting $0.30 per share, up from a loss of $(0.29) per share year-over-year. However, sales slightly declined to $18.23M from $18.72M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:25 pm

RBLX

Roblox shares are trading lower following the company's announcement of weak guidance for the upcoming period.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:24 pm

RBLX

Roblox forecasts Q2 bookings to range between $870M-$900M, falling short of the estimated $934.09M. For FY24, the company projects bookings to be between $4B-$4.1B, also below the expected $4.19B.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:24 pm