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BWEN

Broadwind (NASDAQ:BWEN) reported Q2 2024 GAAP EPS of $0.02, beating the $0.00 estimate, but sales of $36.452M missed the $37.448M estimate. EPS decreased by 71.43% YoY, and sales decreased by 28.30% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:02 am

VERO

Venus Concept (NASDAQ:VERO) reported Q2 2024 GAAP EPS of $(3.05), missing the $(1.46) estimate by 108.9%. Sales were $16.6M, missing the $16.977M estimate by 2.22% and down 17.31% from $20.075M last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:01 am

COP

CVX

TSLA

USO

XLE

XOM

XOP

Tesla CEO Elon Musk, in an interview with Donald Trump, cautioned against vilifying the oil and gas industry while advocating for a gradual transition to sustainable energy. Despite his support for the oil and gas sector, Musk acknowledged the environmental impact of fossil fuels. Energy stocks showed minimal reaction to the interview.

Portfolio Pulse from Shanthi Rexaline

August 13, 2024 | 11:00 am

PSFE

Paysafe (NYSE:PSFE) reported Q2 2024 earnings of $0.59 per share, significantly beating the analyst consensus estimate of $0.08. The company also reported sales of $439.924 million, surpassing the estimate of $424.285 million. Both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:56 am

ZPTA

Zapata Computing Holdings Inc (NASDAQ:ZPTA) has entered a Cooperative Research and Development Agreement (CRADA) with the U.S. Special Operations Command (USSOCOM) to provide advanced AI tools for real-time intelligence and decision-making. The partnership aims to enhance USSOCOM's operational readiness and situational awareness using Zapata's Orquestra platform. Financial terms were not disclosed. ZPTA shares rose by 5.71% premarket.

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 10:50 am

TME

Tencent Music Entertainment Group (NYSE:TME) reported a Q2 2024 revenue decline of 1.7% YoY to $985 million, missing analyst estimates. The decline was due to a drop in social entertainment revenues, partially offset by growth in online music services. Key metrics showed a decline in MAUs for both online music and social entertainment, but an increase in ARPPU for online music and a rise in online music paying users. Despite the revenue miss, the company saw a 42.8% YoY increase in operating profit and a 770 bps rise in gross margin. TME stock is trading 7.16% lower premarket.

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 10:49 am

GCTS

GCT Semiconductor shares are trading higher after the company signed a Memorandum of Understanding with Samsung to accelerate the development of 4G/5G chipsets and modules.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:47 am

DELL

Dell Technologies shares are trading higher after Barclays upgraded the stock from Underweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:43 am

SYRS

Syros Pharmaceuticals shares are trading lower after the company announced it will discontinue enrollment in the SELECT-AML-1 Phase 2 clinical trial.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:42 am

SE

Sea Limited shares are trading lower following mixed Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:40 am