Latest news for CryptoStar (OTC:CSTXF) Stock

CryptoStar Corp is a cryptocurrency mining company with data centres around the globe. The Company has two reportable segments based on geographical locations: Canada and the USA, and three reportable segments based on operations: self-mining, hosting and miner sales, along with a Head Office segment. The company derives its income from digital currency received for providing mining services to a digital currency blockchain. It generates a majority of its revenue from the United States.

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Companies leading the effort to collect battery metals from the bottom of the ocean say seabed <a href="https://www.benzinga.com/topic/mining">mining</a> is inevitable despite high-profile environmental concerns.
The battle is over the trillions of nodules littering the sea floor outside of the jurisdiction of any single nation. They contain manganese, nickel, cobalt and copper, all of which are either used in electric vehicle batteries, grid scale energy storage or other green technology like wind turbines and solar arrays.
Covering more than half of the total area of the world's oceans, the international area in question is governed by the 1982 United Nations Convention on the Law of the Sea and its organizational arm, the International Seabed Authority.
The authority is debating rules for deep sea mining at a meeting in Jamaica scheduled to conclude Friday with a vote on a new secretary general who will oversee the body in a four-year term to start on Jan. 1. 
The contest is between a candidate seen as more friendly to conservationists and the incumbent who is considered more pro-mining.
Also Read: <a href="https://www.benzinga.com/government/24/07/39894362/exclusive-impossible-metals-ceo-says-presale-agreements-quite-attractive-for-funding-deep-sea-projec">EXCLUSIVE: Impossible Metals CEO Says Presale Agreements &#8216;Quite Attractive&#8217; For Funding Deep-Sea Projects Vs. IPO</a>
Craig Shesky, chief financial officer of The Metals Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMC#NASDAQ">TMC</a>), told Benzinga he is fairly agnostic about who wins.
"No matter who's at the helm we are at the point of a snowball rolling downhill," he said. "There's nothing to stop it at this point. This is now inevitable."
Privately held Impossible Metals&#8216; CEO Oliver Gunasekara voiced a similar opinion in an interview with Benzinga, saying whether or not there's a change of leadership, it won't affect his company.
<h1 class="wp-block-heading">Working Toward 2025 Deadline</h1>
Perhaps more important than the outcome of the election are the rules for seabed mining being hashed out behind the scenes at the authority's meeting in Jamaica. The body is aiming to have those finalized by 2025.
A minority of member nations have voiced some level of opposition to seabed mining in international waters, ranging from France, who wants the practice banned, to nations who have called for a precautionary pause.
Many critics of seabed mining want to hold off on the practice until the environment at the bottom of the ocean is better understood.
<h1 class="wp-block-heading">Risks to Seafloor Debated</h1>
While it makes sense to have regulations that mitigate potential negative impacts to seafloor life, such as sediment plumes, an outright ban on seafloor mining would be similar to opposing any form of nuclear power, Gunasekara said.
Conservation groups in recent years have eased their stance on nuclear power, as it holds the potential to provide non-carbon-producing baseload electricity to the grid to fill in the gaps when wind and solar farms aren't able to produce energy.
Shesky also compares the seabed mining debate to the one about nuclear energy, saying that people will realize seabed mining is better than the alternative on land, which can destroy large swaths of habitat, such as forests.
"We're not really mining," Shesky said. "You're picking up rocks off the seafloor."
<h1 class="wp-block-heading">National Politics </h1>
The political brouhaha between pro-seabed mining countries such as Norway, China and Japan and detractors such as Chile and France is "driven by the extreme NGOs," Gunasekara said.
Shesky suggests Chile and France are against deep sea mining to protect their domestic mining industries. Chile is the largest producer of copper in the world, and the economy of France's overseas territory of New Caledonia is heavily reliant on nickel mining.
"Of course they don't want to do it," Shesky said.
Shesky says there is no legal basis for a moratorium as the seabed authority has a legal mandate to move forward.&nbsp;
Now Read:  • <a href="https://www.benzinga.com/news/24/05/38676813/future-of-deep-sea-mining-might-rest-on-international-seabed-authority-leadership-election" target="_blank" rel="noreferrer noopener">Future Of Deep-Sea Mining Might Rest On International Seabed Authority Leadership Election</a> 
Photo: Shutterstock

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EXCLUSIVE: Seabed Mining Company Execs See Industry Developing Regardless Of UN Authority Vote

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Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080124&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">and individual tickers.</a>
Here is a look at the most-searched stocks on Benzinga Pro for the month of July 2024. Current prices and year-to-date performances are based on Aug. 1 and do not include dividends. April search results were not tracked.
1. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
<ul>
<li>Current Price: $539.92</li>
<li>52-Week Range: $138.80 to $278.97</li>
<li>Year-to-Date Return: -13.5%</li>
<li><a href="https://www.benzinga.com/news/earnings/23/02/30713474/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-january-where-do-spy-tesla-apple-and-ford">January</a>/<a href="https://www.benzinga.com/markets/penny-stocks/23/03/31137326/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-february-including-tesla-apple-and">February</a>/<a href="https://www.benzinga.com/markets/equities/24/04/38023764/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-march-where-do-tesla-nvidia-spy-and-re">March </a>Search Ranking: 1st/4th/2nd</li>
<li><a href="https://www.benzinga.com/exclusives/24/06/39234936/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-may-where-do-nvidia-tesla-gamestop-amc-ran">May</a>/<a href="https://www.benzinga.com/top-stories/24/07/39579249/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-june-where-do-nvidia-gamestop-tesla-apple">June </a>Search Ranking: 4th/4th</li>
</ul>
2. NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
<ul>
<li>Current Price: $107.80</li>
<li>52-Week Range: $39.23-$140.76</li>
<li>YTD Return: +117.7%</li>
<li>January/February/March Search Ranking: 3rd/1st/1st</li>
<li>May/June Search Ranking: 2nd/1st</li>
</ul>
3. SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)
<ul>
<li>Current Price: $539.90</li>
<li>52-Week Range: $401.22-$565.22</li>
<li>YTD Return: +13.6%</li>
<li>January/February/March Search Ranking: 2nd/2nd/3rd</li>
<li>May/June Search Ranking: 1st/3rd</li>
</ul>
Read Also: <a href="https://www.benzinga.com/exclusives/24/07/39603613/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-first-half-2024-where-do-nvidia-tesla-pala">EXCLUSIVE: Top 10 Most Searched Tickers On Benzinga Pro In First Half 2024 – Where Do Nvidia, Tesla, Palantir, GameStop Rank?</a>
4. Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)
<ul>
<li>Current Price: $131.34</li>
<li>52-Week Range: $93.12 to $227.30</li>
<li>YTD Return: -11.0%</li>
<li>January/February/March Search Ranking: 12th/14th/8th</li>
<li>May/June Search Ranking: 8th/9th</li>
</ul>
5. Serve Robotics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>)
<ul>
<li>Current Price: $16.23</li>
<li>52-Week Range: $1.77 to $37.00</li>
<li>YTD Return: N/A (IPO in March)</li>
<li>January/February/March Search Ranking: Not in Top 20 in any</li>
<li>May/June Search Ranking: Not in Top 20 in either</li>
</ul>
6. Zapp Electric Vehicles Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>)
<ul>
<li>Current Price: $10.02</li>
<li>52-Week Range: $0.70 to $39.80</li>
<li>YTD Return: +89.5%</li>
<li>January/February/March Search Ranking: Not in Top 20 in any</li>
<li>May/June Search Ranking: Not in Top 20 in either</li>
</ul>
7. Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
<ul>
<li>Current Price: $217.23</li>
<li>52-Week Range: $164.08 to $237.23</li>
<li>YTD Return: +12.8%</li>
<li>January/February/March Search Ranking: 5th/8th/4th</li>
<li>May/June Search Ranking: 6th/5th</li>
</ul>
8. Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
<ul>
<li>Current Price: $493.69</li>
<li>52-Week Range: $274.39 to $542.79</li>
<li>YTD Return: +39.6%</li>
<li>January/February/March Search Ranking: Not in Top 20/6th/Not in Top 20</li>
<li>May/June Search Ranking: Not in Top 20 in either</li>
</ul>
9. CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)
<ul>
<li>Current Price: $221.90</li>
<li>52-Week Range: $140.52 to $398.33</li>
<li>YTD Return: -13.1%</li>
<li>January/February/March Search Ranking: Not in Top 20 in any</li>
<li>May/June Search Ranking: Not in Top 20/16th</li>
</ul>
10. Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
<ul>
<li>Current Price: $182.08</li>
<li>52-Week Range: $118.35 to $201.20</li>
<li>YTD Return: +23.1%</li>
<li>January/February/March Search Ranking: 19th/7th/Not in Top 20</li>
<li>May/June Search Ranking: 13th/18th</li>
</ul>
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent080124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Honorable Mentions:&nbsp;The following stocks were the 11th&nbsp;to 20th&nbsp;most-searched tickers on <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080124&amp;t=be2bearmibe3na1">Benzinga Pro</a> in the first half of 2024:
11. Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)
12. SOBR Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>)
13. Inspire Veterinary Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>)
14. MIRA Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>)
15. Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)
16. Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
17. NuZee Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUZE#NASDAQ">NUZE</a>)
18. Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>)
19. Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
20. Longeveron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>)
Why It's Important: Tesla regained the top spot as the most searched ticker for the first time since January. The company reported <a href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l">second-quarter financials results</a> in July and saw a surge in its share price.
One of the bigger stories in this top 20 tickers list is a name that's not on it: GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), The company ranked just outside the list cutoff at 21 for July, which comes after ranking second in June and 7th overall in the first half of 2024.
Serve Robotics saw increased interest from investors thanks to <a href="https://www.benzinga.com/news/24/07/39972757/serve-robotics-stock-continues-to-soar-whats-going-on">an ownership stake</a> in the company from Nvidia. Serve and Zapp Electric Vehicles were the main newcomers to the top 10 as names not in the top 20 in 2024.
Meta Platforms rejoined the top 10 for the first time since February, a move that comes as the stock typically doesn't even rank among the top 20 most-searched tickers on Benzinga Pro monthly. The company could also be a top stock in August after reporting quarterly financial results on July 31 and seeing its stock soar.
CrowdStrike hit its highest ranking for the year at ninth place, but it wasn't for good reasons. The cybersecurity company was behind an update that <a href="https://www.benzinga.com/news/24/07/39861744/microsoft-outage-what-states-services-companies-saw-the-blue-screen-of-death">took down Windows products </a>worldwide and hurt several major sectors including financials and airlines.
For the honorable mention names, Super Micro Computer saw a significant fall after ranking in the top five of the six months tracks and falling to 19th.
Palantir lost some momentum falling to 16th place, after enjoying several higher rankings earlier in the year and ranking 10th overall for the first half of 2024.
Ranking just outside the top 20 are two names to watch in the coming months. Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) ranked 23rd. The stock has been volatile related to events around former President Donald Trump. With the 2024 election nearly three months away, the stock could gain increased attention.
The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) ranked 22nd and just outside the top 20. The small-cap ETF could be gaining popularity with some level of rotation by investors from large-cap stocks into small-cap stocks. With a potential rate cut by the Federal Reserve in September, small cap stocks could be focus in the months ahead.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/07/39986280/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a></li>
</ul>
Photo: Shutterstock

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AMZN

CRWD

KOSS

LGVN

MIRA

MSFT

NUZE

NVDA

PLTR

SERV

SMCI

SOBR

TSLA

ZAPP

EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In July 2024 – Where Do Tesla, Nvidia, Apple, CrowdStrike Rank?

Cencora, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>) today announced that it has agreed to repurchase shares of its common stock from Walgreens Boots Alliance Holdings LLC in the amount of approximately $250 million in concurrence with Walgreens Boots Alliance's sale of Cencora shares pursuant to Rule 144 under the Securities Act of 1933, as amended.
Cencora intends to repurchase shares from Walgreens Boots Alliance at the price per share equal to the price in the Rule 144 sale. The concurrent share repurchase will be made under Cencora's share repurchase program and the repurchased shares will be held in treasury.

News

Buybacks

Cencora Announces $250M Common Share Repurchase From Walgreens Boots Alliance

Transaction Highlights
<ul>
<li>Walgreens Boots Alliance announces sale of all remaining unencumbered shares of Cencora, Inc. for proceeds of approximately $1.1 billion</li>
<li>$818 million sold pursuant to Rule 144 along with a concurrent share repurchase by Cencora of $250 million</li>
<li>Proceeds to Walgreens Boots Alliance will be used primarily for debt paydown and general corporate purposes</li>
<li>No change to ongoing collaboration and long-term strategic partnership</li>
</ul>
Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) today announced that it has sold all of its remaining unencumbered shares of Cencora, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>) common stock pursuant to Rule 144 for proceeds of $818 million and, subject to the completion of the Rule 144 sale, a concurrent share repurchase by Cencora in the amount of $250 million.
Walgreens Boots Alliance's ownership of Cencora's common stock has decreased from approximately 12 percent to approximately 10 percent.
Proceeds to Walgreens Boots Alliance will be used primarily for debt paydown and general corporate purposes, as the company continues to build out a more capital-efficient health services strategy rooted in its retail pharmacy footprint.
The sale has no impact to the long-term partnership between the two companies. Walgreens Boots Alliance remains fully committed to the strategic, mutually beneficial relationship with Cencora, which has been a strong and trusted partner since 2013. Chief Operating Officer, International of Walgreens Boots Alliance, Ornella Barra, will continue to serve on Cencora's Board of Directors.

Asset Sales

Walgreens Boots Alliance Sells  All Remaining Unencumbered Shares Of Cencora For ~$1.1B Of Proceeds; Walgreens Boots Alliance's Ownership Of Cencora's Common Stock Has Decreased From  ~12% To ~10%

Over the centuries, Olympics traditions linking sports and culture include the torch relay, the Olympic flame that's always lit, the Parade of Nations and the release of birds of peace, which dates back to the revived Olympics in 1896.
Who can forget one of the most stirring moments in Olympic history when Muhammad Ali lit the Olympic Torch at the 1996 Centennial Olympic Games&nbsp;in Atlanta Georgia?
Jumping ahead to the <a href="https://drupal-cloudfront.benzinga.com/topic/2024-paris-olympics">2024 Paris Olympics</a>, we've got another tradition taking the games by storm: pin trading.
Pin trading reportedly dates back to the 1896 Games in Athens when they were made out of cardboard and used to identify athletes and media — kind of like name tags.
The tradition has gone viral on TikTok this year so you know what that means.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/40001496/snoop-dogg-steals-the-show-at-paris-olympics-dances-with-torch-cheers-on-us-swimmers-who-take-fi">Snoop Dogg Steals The Show At Paris Olympics: Dances With Torch, Cheers On US Swimmers Who Take First Gold Medal</a>
<h1 class="wp-block-heading">Simone Biles Makes History: Pin-Trading Frenzy Expected</h1>
Some of the biggest celebrities in Paris have gotten in on the action this year, including <a href="https://www.benzinga.com/markets/cannabis/24/07/40001496/snoop-dogg-steals-the-show-at-paris-olympics-dances-with-torch-cheers-on-us-swimmers-who-take-fi">Snoop Dogg</a> and<a href="https://drupal-cloudfront.benzinga.com/topic/simon-biles"> Simone Biles</a> who made history Thursday by winning the gold in the individual all-around final, avid pin collectors are doubtless searching for their very own Biles pin, which feature her signature inside of a heart. Snoop <a href="https://www.benzinga.com/markets/cannabis/24/01/36502082/snoop-dogg-elevates-olympic-spirit-as-nbcs-paris-2024-correspondent-will-he-smoke-the-competitio">is part of NBCUniversal's coverage</a> of the Olympic Games.
Even Coco Gauff&nbsp;who lost Tuesday after getting into a tiff with an umpire, says her favorite pin is the one Snoop Dogg himself gave her, which features Snoop blowing smoke rings in the shape of the Olympics rings.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Coco Gauff&#39;s got the <a href="https://twitter.com/SnoopDogg?ref_src=twsrc%5Etfw">@SnoopDogg</a> <a href="https://twitter.com/hashtag/Olympics?src=hash&amp;ref_src=twsrc%5Etfw">#Olympics</a> pin &#x1f929;<a href="https://twitter.com/hashtag/Paris2024?src=hash&amp;ref_src=twsrc%5Etfw">#Paris2024</a> &#x7C; <a href="https://twitter.com/hashtag/tennis?src=hash&amp;ref_src=twsrc%5Etfw">#tennis</a> <a href="https://t.co/W6zRDFoeae">pic.twitter.com/W6zRDFoeae</a>
&mdash; ITF (@ITFTennis) <a href="https://twitter.com/ITFTennis/status/1818017593510477995?ref_src=twsrc%5Etfw">July 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"Hey Mr. Snoop, thank you for this pin. This pin is the best pin that I've ever gotten. And I hope to see you at US Open, or maybe I hear you may come Wednesday, to come watch us play again. So, thank you for the pin, and I'll see you at the next one,&#8221; Gauffs said in a video.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/real-estate/24/08/40109271/lebron-james-eyes-olympic-gold-while-building-a-100-million-real-estate-empire">LeBron James Eyes Olympic Gold While Building A $100 Million Real Estate Empire</a></li>
</ul>
Photo: Courtesy of Olympic Committee

Cannabis

Entertainment

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Simone Biles Makes History In Paris, Snoop Dogg-Led Olympic Pin-Trading Frenzy Expected

Business Outlook "Our new programs with our flash maker customers are expected to further scale throughout this year as the move to increase outsourcing continues to build the foundation for the long-term revenue and profitability growth of our business," said Wallace Kou, President and CEO of Silicon Motion. "Our highly differentiated controller solutions for PCs and smartphones deliver high performance, higher density and lower cost solid state storage to enable cutting edge applications such as AI-at-the-edge. Despite the softness in the retail SSD market that is evident across the industry, we are confident that we can achieve our previous full-year outlook based on the ongoing strength of our growing NAND OEM business."
For the third quarter of 2024, management expects:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>($ in millions)</td>
<td>GAAP</td>
<td>Non-GAAP Adjustment</td>
<td>Non-GAAP</td>
</tr>
<tr>
<td>Revenue</td>
<td>$205 to $216 &nbsp;-2.5% to +2.5% Q/Q +19% to 25% Y/Y</td>
<td>--</td>
<td>$205 to $216 &nbsp;-2.5% to +2.5% Q/Q +19% to 25% Y/Y</td>
</tr>
<tr>
<td>Gross margin</td>
<td>46.0% to 47.0%</td>
<td>Approximately $0.1&#x2A;</td>
<td>46.0% to 47.0%</td>
</tr>
<tr>
<td>Operating margin</td>
<td>10.7% to 12.3%</td>
<td>Approximately $6.4 to $7.4&#x2A;&#x2A;</td>
<td>14.3% to 15.3%</td>
</tr>
</tbody>
</table>
</figure>
&#x2A; Projected gross margin (non-GAAP) excludes $0.1 million of stock-based compensation. &#x2A;&#x2A; Projected operating margin (non-GAAP) excludes $6.4 million to $7.4 million of stock-based compensation and dispute related expenses.
For the full year 2024, management expects:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>($ in millions)</td>
<td>GAAP</td>
<td>Non-GAAP Adjustment</td>
<td>Non-GAAP</td>
</tr>
<tr>
<td>Revenue</td>
<td>$800 to $830 +25% to 30% Y/Y</td>
<td>--</td>
<td>$800 to $830 +25% to 30% Y/Y</td>
</tr>
<tr>
<td>Gross margin</td>
<td>45.9% to 46.9%</td>
<td>Approximately $0.6&#x2A;</td>
<td>46.0% to 47.0%</td>
</tr>
<tr>
<td>Operating margin</td>
<td>10.9% to 13.3%</td>
<td>Approximately $29.0 to $31.0&#x2A;&#x2A;</td>
<td>14.8% to 16.8%</td>
</tr>
</tbody>
</table>
</figure>
&#x2A; Projected gross margin (non-GAAP) excludes $0.6 million of stock-based compensation and restructuring charge. &#x2A;&#x2A; Projected operating margin (non-GAAP) excludes $29.0 million to $31.0 million of stock-based compensation, dispute related expenses, restructuring charge and loss from settlement of litigation.

Guidance

SIMO

Silicon Motion Technology Sees Q3 Revenue $205M-$216M Vs $212.62M Est.; FY24 Revenue $800M-$830M Vs $822.67M Est.

Silicon Motion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIMO#NASDAQ">SIMO</a>) reported quarterly earnings of $0.96 per share which beat the analyst consensus estimate of $0.95 by 1.05 percent. The company reported quarterly sales of $210.670 million which beat the analyst consensus estimate of $206.746 million by 1.90 percent. This is a 50.09 percent increase over sales of $140.361 million the same period last year.

Earnings

Earnings Beats

Silicon Motion Technology Q2 2024 Adj. EPS $0.96 Beats $0.95 Estimate, Sales $210.670M Beat $206.746M Estimate

Alliant Energy Reaffirms FY24 EPS Guidance Of $2.99 - $3.13, Est $3.06

Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) reported quarterly earnings of $0.57 per share which missed the analyst consensus estimate of $0.64 by 10.94 percent. This is a 10.94 percent decrease over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $894.000 million which missed the analyst consensus estimate of $896.800 million by 0.31 percent. This is a 1.97 percent decrease over sales of $912.000 million the same period last year.

Earnings Misses

Alliant Energy Q2 2024 Adj. EPS $0.57 Misses $0.64 Estimate, Sales $894.000M Miss $896.800M Estimate

Neal Lux, President and Chief Executive Officer, remarked, "Revenue and adjusted EBITDA both came within our guidance range, and adjusted EBITDA margins held steady at approximately 13%. We delivered robust free cash in the quarter of $21 million and announced the redemption and repurchase of $73 million of our 2025 Notes. Following our strong first half results, we are raising our full year 2024 free cash flow guidance to between $50 and $70 million. We are committed to retiring the outstanding balance of our 2025 Notes and the Variperm Seller Term Loan around the middle of 2025.
"Canadian and international market outlook remains in line with our expectations. U.S. rig count and hydraulic fracturing activity trended down during the second quarter and are expected to continue their decline in the second half. For the year, we now expect U.S. rig count to be down 15%. This represents a greater decline compared with our initial expectation of a 5% decrease. However, our international footprint, the Variperm acquisition, and benefits from our "beat-the-market" strategy should mitigate this U.S. industry softness. Therefore, we are maintaining the bottom end of our guidance, but adjusting down the top end by $10 million. Our full year 2024 adjusted EBITDA guidance is now $100 to $110 million."

Forum Energy Technologies Raising FY24 Free Cash Flow Guidance $50M-$70M; Adjusted EBITDA Guidance $100M-110M

Forum Energy Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FET#NYSE">FET</a>) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $0.04 by 275 percent. The company reported quarterly sales of $205.200 million which missed the analyst consensus estimate of $209.100 million by 1.87 percent. This is a 10.68 percent increase over sales of $185.400 million the same period last year.

Forum Energy Technologies Q2 2024 Adj. EPS $(0.07) Misses $0.04 Estimate, Sales $205.200M Miss $209.100M Estimate

Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) shares are up after the company reported its second-quarter financial results Thursday. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/08/n40114127/clorox-reports-q4-and-fy24-results-provides-fy25-outlook">key figures from the report. </a>
The Details: Clorox reported quarterly earnings of $1.82 per share which beat the analyst consensus estimate of $1.56 by 16.67%. Quarterly sales clocked in at $1.903 billion, missing the analyst consensus estimate by 2.46% and representing a 5.75% decrease from the same period last year. 
Clorox said the net sales decreased was driven largely by the impacts of the Argentina divestiture, unfavorable price mix and lower volume.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/08/40105885/ferrari-shares-race-higher-on-strong-q2-results">Ferrari Shares Race Higher On Strong Q2 Results</a>
&#8220;We closed out the fiscal year with strong margin expansion and double-digit adjusted EPS growth despite substantial disruption and consumption loss from the cyberattack,&#8221; said Clorox CEO Linda Rendle.
&#8220;While fully restoring supply and distribution, as well as recovering nearly all of our market share, we remained relentless in driving our IGNITE strategy forward. We made strong progress as we evolved our portfolio to accelerate profitable growth, completed the implementation of our streamlined operating model and advanced our digital transformation.&#8221;
Outlook:&nbsp;Clorox sees fiscal year earnings between $6.55 and $6.80 per share, versus the $6.45 estimate.
CLX Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Clorox shares are up 4.37% after-hours at $140 at the time of publication Thursday.
Read Next:
<ul>
<li>&nbsp;<a href="https://www.benzinga.com/news/24/08/40112573/the-bear-cave-issues-report-on-taskus-what-to-know">The Bear Cave Issues Report On TaskUs: What To Know</a></li>
</ul>
Image: Gerd Altmann from Pixabay

After-Hours Center

Movers

Clorox Stock Climbs After Q2 Results, Strong Forward Guidance

Opendoor Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>) shares are tumbling in <a href="https://www.benzinga.com/pressreleases/24/08/g40113828/opendoor-announces-second-quarter-of-2024-financial-results">Thursday&#8217;s after-hours session</a>.
 The San Francisco-based company reported financial results for the second quarter. Here&#8217;s a rundown of the print.
<ul>
<li>Q2 Revenue: $1.511 billion, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $1.468 billion</li>
<li>Q2 EPS: Loss of 4 cents, versus estimates of for loss of 11 cents</li>
</ul>
&#8220;We are proud of our&nbsp;second quarter&nbsp;performance and the progress we&#8217;ve made in building a platform where all customers can begin their home selling journey. Revenue, Contribution Margin, and Adjusted EBITDA exceeded the high end of our&nbsp;guidance, and our acquisitions outperformed expectations, growing nearly&nbsp;80%&nbsp;year-over-year,&#8221; said Carrie Wheeler, CEO of Opendoor.
&#8220;During the back half of the second quarter, we began responding to signals that indicated additional slowing in the housing market. We are making decisions that appropriately balance growth, margin, and risk in what continues to be a challenging environment,&#8221; Wheeler added.
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40116158/doordash-q2-earnings-revenue-beat-eps-miss-total-orders-up-19-results-reflect-years-of-investment-a">DoorDash Q2 Earnings: Revenue Beat, EPS Miss, Total Orders Up 19%, Results Reflect &#8216;Years Of Investment And Product-Level Focus&#8217;</a>
Outlook: Opendoor said it expects third-quarter revenue to be in the range of $1.2 billion to $1.3 billion versus estimates of $1.59 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company anticipates a third-quarter adjusted EBITDA loss of 60 million to 70 million.
Shares appear to be responding negatively to the combination of weak guidance paired with cautious commentary about the housing market. 
OPEN Price Action: Opendoor shares were down 14.6% after hours at $1.82 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

WIIM

OPEN

Opendoor Technologies Q2 Earnings: Revenue Beat, EPS Beat, Weak Guidance Due To 'Additional Slowing In Housing Market'

Financial Outlook
For the Full Year 2024, OneSpan expects:
<ul>
<li>Revenue to be in the range of $238 million to $246 million.</li>
<li>ARR to finish the year in the range of $166 million to $170 million, as compared to its previous guidance range of $160 million to $168 million.</li>
<li>Adjusted EBITDAto be in the range of $55 million to $59 million, as compared to its previous guidance range of $51 million to $55 million.3</li>
</ul>

OSPN

OneSpan Sees FY24 Revenue $238M-$246M Vs 251M Estimate

INTC

Intel Exec Says Over 15M Windows AI PCs Shipped Since Launch; Export License Restriction In May Impacted Q2 Client Business In China; Sees Weaker Q3 Spending In Consumer And Enterprise Markets, Especially China; Dependence On External Wafers For AIPC Chip Ramp To Pressure Gross Margins; Transition Of Intel 3, Intel 4 Wafers To Ireland Facility Saved $1B, Will Improve Long-Term Gross Margins; Expects Sequential Growth In Data Center Through H2 As Demand For Traditional Servers Improves

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