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ABNB

CYRX

LYFT

TRIP

Airbnb, Inc. (ABNB) reported weak earnings, causing its shares to dip 15.8% in pre-market trading. Other companies like Cryoport, Inc. (CYRX), Tripadvisor, Inc. (TRIP), and Lyft, Inc. (LYFT) also saw significant declines due to disappointing quarterly results.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 12:56 pm

GEO

The GEO Group, Inc. (NYSE:GEO) shares are trading higher after reporting mixed Q2 FY24 results. Revenue missed estimates, but adjusted EPS exceeded expectations. The company completed a comprehensive refinancing of its debt and received a task order from ICE. GEO revised its FY24 outlook, lowering EPS and EBITDA projections.

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 12:55 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) reported better-than-expected Q2 results, with losses of 17 cents per share beating estimates by 56.41% and revenue of $128 million surpassing estimates by 2.78%. The company issued Q3 revenue guidance of $150 million, above the $124.5 million estimate. Analysts have raised their price targets, with Piper Sandler increasing from $28 to $31 and Citigroup upgrading from Sell to Neutral and raising the target from $15 to $33.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 12:54 pm

CEVA

CEVA shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:53 pm

RDDT

Reddit Inc. (NYSE: RDDT) reported strong Q2 results with significant growth in daily active users and revenue. However, JPMorgan warns of potential volatility due to an upcoming lock-up expiration and a possible slowdown in advertising revenue growth.

Portfolio Pulse from Surbhi Jain

August 07, 2024 | 12:52 pm

AGIO

Agios Pharmaceuticals shares are trading higher after the company announced it will receive $1.1 billion in milestone payments.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:52 pm

XPON

Expion360 has announced the pricing of a $10 million underwritten public offering.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:51 pm

WMG

Warner Music Group shares are trading higher following Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:50 pm

AQST

Aquestive Therapeutics shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:49 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) reported a strong Q1 FY25 with a 12% revenue increase to CA$83.44 million, driven by growth in global medical cannabis and plant propagation. The company achieved positive net income and free cash flow, and its shares rose 9.39% in pre-market trading. Aurora's partnership with Cogent International Manufacturing Ltd. and expansion in key markets like Germany and Australia are expected to support continued growth.

Portfolio Pulse from Nina Zdinjak

August 07, 2024 | 12:48 pm