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SOLUSD

The newly launched cryptocurrency 'Restore the Republic' (RTR) on the Solana blockchain saw its value plummet by 95% after Eric Trump confirmed it is not an official Trump coin. The token initially surged to a $155 million market cap before the sharp decline. The incident highlights the risky nature of the memecoin market.

Portfolio Pulse from Murtuza Merchant

August 09, 2024 | 11:24 am

PROK

ProKidney (NASDAQ:PROK) reported Q2 EPS of $(0.16), beating the $(0.17) estimate. The company ended the quarter with $431.5M in cash and equivalents, despite a 14.29% increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:17 am

RNA

Avidity Biosciences announced promising data for del-zota (delpacibart zotadirsen), showing potential to change the treatment paradigm for Duchenne Muscular Dystrophy (DMD) mutations amenable to exon 44 skipping. The treatment demonstrated favorable safety, tolerability, and significant increases in dystrophin production.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:16 am

ET

Energy Transfer has announced a secondary public offering of 38,755,996 common units representing limited partner interests. This underwritten secondary public offering could impact the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:14 am

ZNTL

Zentalis Pharma (NASDAQ:ZNTL) reported Q2 EPS of $(1.24), missing the analyst estimate of $(0.84) by 47.62%. The company has $426.4M in cash, cash equivalents, and marketable securities as of June 30, 2024. This represents a 32.97% improvement over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:12 am

EVRG

Evergy (NASDAQ:EVRG) reported Q2 2024 adjusted EPS of $0.90, beating the estimate of $0.89 and showing a 15.38% increase from last year. Sales were $1.448 billion, surpassing the $1.358 billion estimate and marking a 6.94% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:08 am

CLMT

Calumet Specialty Products (NASDAQ: CLMT) reported Q2 2024 GAAP EPS of $(0.48), missing the $(0.46) estimate, but achieved sales of $1.133 billion, beating the $981.510 million estimate. EPS decreased by 77.78% year-over-year, while sales increased by 11.30%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:08 am

EXPE

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

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:06 am

TUSK

Mammoth Energy Services (NASDAQ:TUSK) reported a Q2 2024 GAAP EPS of $(3.25) and sales of $51.529 million, beating the analyst estimate of $42.972 million by 19.91%. However, this represents a 31.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:06 am

DBX

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

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:06 am