Erica Kollmann

Erica Kollmann

Benzinga Staff Writer

Dropbox Shares Rise On Better-Than-Expected Q1 Results
Dropbox reported 18.16 million paying users for the quarter, as compared to 17.9 million for the same period last year. Paying users increased 35,000 quarter-over-quarter. Average revenue per paying user was $139.59, as compared to $138.97 for the same period last year.
Bloom Energy Shares Climb After Q1 Results, Expanded Agreement With Intel
Bloom Energy announces a power capacity agreement with Intel that will result in Silicon Valley's largest fuel cell-powered high-performance computing data center. The agreement calls for the installation of additional megawatts (MW) of Bloom Energy's fuel cell-based Energy Server at Intel's existing high-performance computing data center in Santa Clara, California.
Ginkgo Bioworks Stock Falls On Disappointing Q1 Sales: 'This Trend Needs To Change'
Ginkgo Bioworks reported quarterly sales of $38 million which missed the analyst consensus estimate of $46.044 million by 17.47% and is a 52.91% decrease in sales year-over-year. The company said the decrease in sales was primarily driven by the expected ramp down of K-12 testing in Ginkgo's Biosecurity segment.
Unity Software Reports Mixed Q1 Results: EPS Miss, Sales Beat
Unity Software reported first-quarter GAAP losses of 75 cents per share, missing the analyst consensus estimate of losses of 65 cents per share. Quarterly sales clocked in at $460 million, beating the analyst consensus estimate of $431.55 million by 6.59%.
Blink Charging Stock Climbs After Better-Than-Expected Q1 Results
Blink Charging reported quarterly losses of 13 cents per share which beat the analyst consensus estimate of losses of 24 cents by 45.83%.
What's Going On With Peloton's Stock?
Peloton shares soared following a CNBC report Tuesday which said multiple private equity firms are considering a buyout of the company. According to the report, the company has discussed plans to go private with at least one firm and multiple private equity firms have expressed interest.
What's Going On With Upstart Stock?
Upstart Holdings shares are trading higher Thursday. The stock is rebounding after falling following the company's first-quarter financial report on Tuesday. Upstart reported a quarterly loss of 31 cents per share which beat the analyst consensus estimate of a loss of 39 cents. The company also beat analysts' expectations with quarterly sales of $128 million, representing a 24.36% increase in sales from the same period last year.
What's Going On With G1 Therapeutics Stock?
According to a report, G1 Therapeutics has received and rejected multiple offers from TerSera Therapeutics.  According to the report, one offer from TerSera is rumored to have a contingent value right which could value the company at between $12 and $14 per share.
What's Going On With Snap Stock?
Snap announced that it intends to offer a $650 million aggregate principal amount of convertible senior notes due 2030 in a private placement to qualified institutional buyers. Snap also intends to grant the initial purchasers of the notes an option to purchase up to an additional $100 million aggregate principal amount of notes.
What's Going On With Palantir's Stock?
Palantir's first-quarter revenue increased 21% year-over-year to $634 million, beating the consensus estimate. However, the stock tumbled as investors reacted negatively to the company's light guidance for the second quarter and the full year. CNBC's Jim Cramer said he still believes Palantir is a strong company following the earnings report. "I like that conference call very, very much," Cramer said. "I say not to worry, that company is a good company to own right here, right now."
Why Pop Culture Group Stock Is Up
Pop Culture Group shares are trading higher Thursday after the company released an interim financial report which showed the second half of 2023 showed an increase in overall operational performance. For the six months ended Dec. 31, 2023, the company reported consolidated revenues of approximately $24 million, representing an increase of $12.75 million from the same period last year, reflecting 113% year-on-year growth.
What's Going On With Affirm Stock After Earnings?
Affirm reported quarterly losses of 43 cents per share which beat the analyst estimates and revenue of $576 million, beating the consensus estimate of $549.42 million.
The Trade Desk Reports Strong Q1 Results, Upbeat Forecast
The Trade Desk reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of 21 cents by 23.81%. Quarterly sales came in at $491.25 million which beat the analyst consensus estimate of $480.31 million and represents a 28.33% increase from the same period last year.
Lyft Shares Rise On Better-Than-Expected Q1 Results (CORRECTED)
Lyft reports quarterly losses of 8 cents per share which missed the analyst consensus estimate of earnings of 3 cents per share.
Duolingo Reports Strong Q1 Results, Raises Guidance
Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. The company reported quarterly sales of $167.6 million which beat the analyst consensus estimate of $165.677 million and is a 44.91% increase from the same period last year.
Instacart Reports Better-Than-Expected Q1 Results Driven By Large Order Numbers
Instacart reported quarterly earnings of 43 cents per share which beat the analyst consensus estimate of losses of 2 cents per share. Quarterly sales came in at $820 million which beat the analyst consensus estimate of $793.44 million by 3.35%.
Chipmaker Arm Holdings Reports Better-Than-Expected Q4 Results: Record Royalty Revenue, Strong License Revenue
Arm Holdings reported quarterly earnings of 36 cents per share which beat the analyst consensus estimate of 30 cents by 20%. Quarterly sales clocked in at $928 million, beating the analyst consensus estimate of $875.59 million by 5.99%.
Globus Medical Shares Race Higher After Better-Than-Expected Q1 Results
Globus Medical reported quarterly earnings of 72 cents per share which beat the analyst consensus estimate of 57 cents by 26.32% and represents a 35.85% increase over earnings from the same period last year. Quarterly sales came in at $606.67 million which beat the analyst consensus estimate by 3.33% and is a 119.26% increase in sales year-over-year.
Coupang Shares Fall After Mixed Q1 Results: Here's Why
Coupang reported quarterly earnings of 5 cents per share which missed the analyst consensus estimate of 6 cents per share, unchanged from the same period last year. Quarterly sales clocked in at $7.11 billion which beat the analyst consensus estimate of $6.91 billion and represents a 22.66% increase over sales of $5.8 billion from the same period last year.
What's Going On With EV-Maker Mullen Automotive's Stock?
Mullen announced on Monday the addition of a commercial dealer, National Auto Fleet Group, which will offer Mullen's full line of all-electric commercial vehicles in two California locations. Mullen said on Tuesday its subsidiary, Bollinger Motors, and Amerit Fleet Solutions have entered into an agreement for Amerit to provide mobile service and maintenance to Bollinger's commercial fleet customers.