Latest news for Spectaire Holdings (NASDAQ:SPECW) Stock

Spectaire Holdings Inc is an industrial technology company that allows its customers to measure, manage, and reduce carbon dioxide equivalent and other greenhouse gas emissions. Spectaire's core product offering, AireCore is a fully integrated hardware, software, and data platform.

Spectaire Holdings Inc

2024 Financial Outlook
"This quarter, we opened two Class-A development projects in the New York MSA, continuing to create value through our joint venture development program," commented Chief Financial Officer Tim Martin. "As we've moved through the summer rental season, overall performance led us to maintain the midpoint of our guidance ranges for both same-store NOI and FFO per share."
The Company estimates that its fully diluted earnings per share for 2024 will be between $1.71 and $1.77, and that its fully diluted FFO per share, as adjusted, for 2024 will be between $2.61 and $2.67. Due to uncertainty related to the timing and terms of transactions, the impact of any potential future speculative investment activity is excluded from guidance. For 2024, the same-store pool consists of 598 properties totaling 43.0 million rentable square feet.
<figure class="table"> 
<table>
<tbody>
<tr>
<td>2024 Full Year Guidance Range Summary</td>
<td colspan="9">Current Ranges for Annual Assumptions &nbsp;</td>
<td colspan="9">Prior Guidance (1)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Same-store revenue growth</td>
<td colspan="2">(0.75</td>
<td>%)</td>
<td colspan="2">to</td>
<td>0.25</td>
<td>%</td>
<td colspan="2">(1.25</td>
<td>%)</td>
<td colspan="2">to</td>
<td>1.25</td>
<td>%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Same-store expense growth</td>
<td>4.50</td>
<td colspan="2">%</td>
<td colspan="2">to</td>
<td>6.00</td>
<td>%</td>
<td>5.50</td>
<td colspan="2">%</td>
<td colspan="2">to</td>
<td>7.00</td>
<td>%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Same-store NOI growth</td>
<td colspan="2">(3.00</td>
<td>%)</td>
<td colspan="2">to</td>
<td>(1.00</td>
<td>%)</td>
<td colspan="2">(4.00</td>
<td>%)</td>
<td colspan="2">to</td>
<td>0.00</td>
<td>%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Acquisition of consolidated operating properties</td>
<td>$</td>
<td>100.0M</td>
<td colspan="2">to</td>
<td>$</td>
<td>200.0M</td>
<td>$</td>
<td>100.0M</td>
<td colspan="2">to</td>
<td>$</td>
<td>200.0M</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Dilution from properties in lease-up</td>
<td>$</td>
<td>(0.02</td>
<td colspan="2">)</td>
<td colspan="2">to</td>
<td>$</td>
<td>(0.03</td>
<td>)</td>
<td>$</td>
<td>(0.02</td>
<td colspan="2">)</td>
<td colspan="2">to</td>
<td>$</td>
<td>(0.03</td>
<td>)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Property management fee income</td>
<td>$</td>
<td>40.5M</td>
<td colspan="2">to</td>
<td>$</td>
<td>42.5M</td>
<td>$</td>
<td>40.5M</td>
<td colspan="2">to</td>
<td>$</td>
<td>42.5M</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>General and administrative expenses</td>
<td>$</td>
<td>59.5M</td>
<td colspan="2">to</td>
<td>$</td>
<td>61.5M</td>
<td>$</td>
<td>59.5M</td>
<td colspan="2">to</td>
<td>$</td>
<td>61.5M</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Interest and loan amortization expense</td>
<td>$</td>
<td>97.0M</td>
<td colspan="2">to</td>
<td>$</td>
<td>99.0M</td>
<td>$</td>
<td>97.0M</td>
<td colspan="2">to</td>
<td>$</td>
<td>99.0M</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Full year weighted average shares and units</td>
<td>227.7M</td>
<td>227.7M</td>
<td>227.7M</td>
<td>227.7M</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Diluted earnings per share attributable to common</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;&nbsp;&nbsp;shareholders</td>
<td>$</td>
<td>1.71</td>
<td colspan="2">to</td>
<td>$</td>
<td>1.77</td>
<td>$</td>
<td>1.69</td>
<td colspan="2">to</td>
<td>$</td>
<td>1.79</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Plus: real estate depreciation and amortization</td>
<td>0.90</td>
<td>0.90</td>
<td>0.90</td>
<td>0.90</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>FFO, as adjusted, per diluted share</td>
<td>$</td>
<td>2.61</td>
<td colspan="2">to</td>
<td>$</td>
<td>2.67</td>
<td>$</td>
<td>2.59</td>
<td colspan="2">to</td>
<td>$</td>
<td>2.69</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="20">(1)&nbsp;Prior guidance as included in our first quarter earnings release dated April 25, 2024. &nbsp;</td>
</tr>
<tr>
<td>3rd Quarter 2024 Guidance</td>
<td colspan="9">Range</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="9">Diluted earnings per share attributable to common shareholders</td>
<td>$</td>
<td>0.44</td>
<td colspan="2">to</td>
<td>$</td>
<td>0.46</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Plus: real estate depreciation and amortization</td>
<td>0.22</td>
<td>0.22</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>FFO, as adjusted, per diluted share</td>
<td>$</td>
<td>0.66</td>
<td colspan="2">to</td>
<td>$</td>
<td>0.68</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>
</figure>

News

Guidance

CUBE

CubeSmart Sees Q3 EPS $0.44-$0.46 Vs $0.44 Est.; Diluted FFO $0.66-$0.68 Per Share; FY24 EPS $1.71-$1.77 Vs $1.74 Est.; Diluted FFO $2.61-$2.67 Per Share

TNDM

Tandem Diabetes Care Sees Q3 Revenue $222M-$225M Vs $204.902M Est.

Tandem Diabetes Care Sees FY24 Revenue $885M-$892M Vs $869.843M Est.

Earnings

AAPL

Apple Q3 Mac Sales $7.009B Vs $6.84B Prior

Mettler-Toledo Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTD#NYSE">MTD</a>) reported quarterly earnings of $9.65 per share which beat the analyst consensus estimate of $9.03 by 6.87 percent. This is a 5.3 percent decrease over earnings of $10.19 per share from the same period last year. The company reported quarterly sales of $946.750 million which beat the analyst consensus estimate of $929.125 million by 1.90 percent. This is a 3.60 percent decrease over sales of $982.117 million the same period last year.

Earnings Beats

Mettler-Toledo Intl Q2 2024 Adj. EPS $9.65 Beats $9.03 Estimate, Sales $946.750M Beat $929.125M Estimate

Amid escalating geopolitical tensions in the Middle East, Israeli stocks are experiencing their steepest weekly decline since early October 2023, when Hamas launched a devastating attack on Israel, killing over 1,000 people and abducting 250 civilians <a href="https://www.benzinga.com/topic/israel">to the Gaza Strip.</a>
The Tel Aviv 125 index has dropped over 4% this week through Thursday, while the shekel weakened by more than 3.8% against the dollar, marking its steepest weekly fall since June 2022.
Exchange-traded funds listed in the U.S. that track Israeli equities, such as the iShares MSCI Israel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIS#NYSE">EIS</a>) and the VanEck Israel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ISRA#NYSE">ISRA</a>), declined by 6.4% and 5.4%, respectively, by the close of trading on Thursday.
<h3 class="wp-block-heading">What Has Happened In The Middle East This Week?</h3>
In the past 48 hours, Middle Eastern tensions have significantly escalated following the deaths of three key commanders from Iran-affiliated military proxies engaged in conflict with Israel.
On Wednesday, Israeli forces announced the killing of Fuad Shukr, a military leader of Hezbollah, in a raid in Beirut. On the same day, Iran accused Israel of assassinating Ismail Haniyeh, the political leader of Hamas, in Tehran. 
Iran called for an emergency meeting of the United Nations Security Council <a href="https://www.benzinga.com/markets/asia/24/07/40084635/crude-oil-records-biggest-1-day-surge-since-october-2023-as-iran-vows-retaliation-against-israel-un">to address the incident</a>, while Israel neither confirmed nor denied its involvement in Haniyeh&#8217;s death.
According to a source contacted by <a href="https://edition.cnn.com/world/live-news/israel-hamas-haniyeh-iran-tensions-08-01-24-intl-hnk/index.html">CNN</a>, Haniyeh was killed in Tehran on Wednesday by an explosive device planted in a guest house he frequently visited. The device was placed two months ago and detonated remotely when he entered his room.
On Thursday, Israel announced that it had eliminated Mohammed Deif, the head of Hamas&#8217;s military wing, in an air raid on Khan Younis in Gaza on July 13. Israeli Defense Minister Yoav Gallant stated that this action represents a &#8220;significant milestone in the process of dismantling Hamas as a military and governing authority in Gaza.&#8221;
&#8220;In a world where you can be anything, Mohammed Deif chose to be a mastermind of terrorism,&#8221; Israeli Defense Forces stated in an official post on social-media platform X. 
Israeli forces also claimed Thursday to have killed Al Jazeera journalist Ismail al-Ghoul. The IDF <a href="https://x.com/IDF/status/1819072480746594496?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1819072480746594496%7Ctwgr%5E318723cacaf3fd93cad29e4a25734117a5a8c09d%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdailycaller.com%2F2024%2F08%2F01%2Fidf-al-jazeera-journalist-killed-al-ghoul%2F">stated </a>that he was a Hamas military operative and Nukhba terrorist.
<h3 class="wp-block-heading">Israel On &#8216;Very High Alert&#8217; As Iran Allies Pledge Retaliation</h3>
Hezbollah&#8217;s political leader, Hassan Nasrallah, and Iranian officials have vowed to retaliate against Israel. In a speech on Thursday, Nasrallah stated, &#8220;We are not saying we are reserving the right to respond — we will respond, this is definite.&#8221;
Iran&#8217;s Supreme Leader Ayatollah Ali Khamenei remarked on Wednesday, &#8220;You killed our dear guest in our house and now have paved the way for your harsh punishment.&#8221; 
Iran&#8217;s acting foreign minister, Ali Bagheri Kani, warned regional counterparts on Thursday that Iran would exercise its &#8220;legitimate right to take remorseful and decisive action against&#8221; Israel.
Israeli Prime Minister Benjamin Netanyahu emphasized that &#8220;Israel is on very high alert for all scenarios, both in defense and offense,&#8221; according to an update from his office. He added that Israeli forces will &#8220;exact a very high price for any act of aggression against us from any arena.&#8221;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/08/40107045/middle-east-war-jitters-weigh-on-markets-us-treasuries-hit-5-month-highs-on-worsening-risk-sentiment">Middle East War Jitters Weigh On Markets: US Treasuries Hit 5-Month Highs On Worsening Risk Sentiment, Disappointing Data</a></li>
</ul>
Photo: Shutterstock

Asia

Large Cap

Macro Economic Events

Global

Economics

ETFs

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

ISRL

Israeli Stocks Suffer Worst Week Since October 2023 As Iran's Allies Vow Retaliation For Recent Attacks

Apple Q3 iPad Sales $7.162B Vs $5.791B Prior

Apple Q3 2024 iPhone Sales 39.296B Vs $39.669B Prior

CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) reported quarterly earnings of $0.64 per share which met the analyst consensus estimate. This is a 3.03 percent decrease over earnings of $0.66 per share from the same period last year. The company reported quarterly sales of $266.21 million which beat the analyst consensus estimate of $254.94 million by 4.42 percent. This is a 2.07 percent increase over sales of $260.81 million the same period last year.

CubeSmart Q2 FFO $0.64, Inline, Sales $266.21M Beat $254.94M Estimate

Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.35 by 3.7 percent. The company reported quarterly sales of $85.800 billion which beat the analyst consensus estimate of $84.531 billion by 1.50 percent. This is a 4.89 percent increase over sales of $81.797 billion the same period last year.

Macro Notification

General

Apple Q3 2024 GAAP EPS $1.40 Beats $1.35 Estimate, Sales $85.800B Beat $84.531B Estimate

Financial Outlook
For the third quarter of fiscal 2024, we expect:
<ul>
<li>Total revenue of $423.0 to $424.0 million</li>
<li>Non-GAAP income from operations of $50.0 to $51.0 million</li>
<li>Non-GAAP net income per share of $0.18, utilizing weighted average common shares outstanding of approximately 359 million</li>
</ul>
For the full year fiscal 2024, we expect:
<ul>
<li>Total revenue of $1,657.0 to $1,659.0 million</li>
<li>Non-GAAP income from operations of $196.0 to $198.0 million</li>
<li>Non-GAAP net income per share of $0.70 to $0.71, utilizing weighted average common shares outstanding of approximately 358 million</li>
</ul>
These statements are forward-looking and actual results may differ materially. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Cloudflare Sees Q3 EPS $0.18 Vs $0.15 Est.; Revenue $423M-$424M Vs $423.61M Est; FY24 EPS $0.70-$0.71 Vs $0.63 Est.; Revenue $1.657B-$1.659B Vs $1.65B Est.

Coterra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) reported quarterly earnings of $0.37 per share which missed the analyst consensus estimate of $0.39 by 5.13 percent. This is a 5.13 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $1.271 billion which missed the analyst consensus estimate of $1.328 billion by 4.29 percent. This is a 7.26 percent increase over sales of $1.185 billion the same period last year.

Earnings Misses

CTRA

Coterra Energy Q2 2024 Adj. EPS $0.37 Misses $0.39 Estimate, Sales $1.271B Miss $1.328B Estimate

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/MGWFF">Maple Leaf Green World</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MGWFF#OTC">MGWFF</a>) shares closed up 71.11% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/HERTF">Heritage Cannabis Holding</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HERTF#OTC">HERTF</a>) shares closed up 28.57% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/LMLLF">Pharmadrug</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LMLLF#OTC">LMLLF</a>) shares closed up 23.50% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/XXII">22nd Century Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares closed up 8.98% at $0.68</li>
<li><a href="https://www.benzinga.com/quote/RSSFF">Affinor Growers</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RSSFF#OTC">RSSFF</a>) shares closed up 8.83% at $0.07</li>
<li><a href="https://www.benzinga.com/quote/GNLN">Greenlane Hldgs</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares closed up 8.60% at $0.27</li>
<li><a href="https://www.benzinga.com/quote/MXC">Mexco Energy</a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MXC#AMEX">MXC</a>) shares closed up 7.20% at $11.00</li>
<li><a href="https://www.benzinga.com/quote/BBRRF">Blueberries Medical</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BBRRF#OTC">BBRRF</a>) shares closed up 6.65% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/ACNNF">AusCann Group Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ACNNF#OTC">ACNNF</a>) shares closed up 6.62% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CARA">Cara Therapeutics</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) shares closed up 5.43% at $0.35</li>
<li><a href="https://www.benzinga.com/quote/NWVCF">EnWave</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NWVCF#OTC">NWVCF</a>) shares closed up 5.26% at $0.17</li>
<li><a href="https://www.benzinga.com/quote/FUAPF">Global Compliance</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUAPF#OTC">FUAPF</a>) shares closed up 5.26% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/ITHUF">iAnthus Capital Hldgs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITHUF#OTC">ITHUF</a>) shares closed up 4.52% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/TGIFF">1933 Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGIFF#OTC">TGIFF</a>) shares closed up 4.46% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CNPOF">RIV Capital</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNPOF#OTC">CNPOF</a>) shares closed up 3.58% at $0.10</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/ELLXF">Elixinol Wellness</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELLXF#OTC">ELLXF</a>) shares closed down 34.72% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/ZLDAF">Zelira Therapeutics</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ZLDAF#OTC">ZLDAF</a>) shares closed down 27.59% at $0.40</li>
<li><a href="https://www.benzinga.com/quote/LVRLF">CordovaCann</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVRLF#OTC">LVRLF</a>) shares closed down 24.87% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/RMHB">Rocky Mountain High</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMHB#OTC">RMHB</a>) shares closed down 20.00% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/KAYS">Kaya Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KAYS#OTC">KAYS</a>) shares closed down 13.95% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/CGC">Canopy Gwth</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) shares closed down 10.53% at $6.77</li>
<li><a href="https://www.benzinga.com/quote/CBDY">Target Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBDY#OTC">CBDY</a>) shares closed down 10.00% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/CNBX">CNBX Pharmaceuticals</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNBX#OTC">CNBX</a>) shares closed down 9.77% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/BMMJ">Body and Mind</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed down 7.27% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/UGRO">Urban-gro</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) shares closed down 7.14% at $1.30</li>
<li><a href="https://www.benzinga.com/quote/ZDPY">Zoned Props</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ZDPY#OTC">ZDPY</a>) shares closed down 6.48% at $0.56</li>
<li><a href="https://www.benzinga.com/quote/CRON">Cronos Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRON#NASDAQ">CRON</a>) shares closed down 5.96% at $2.35</li>
<li><a href="https://www.benzinga.com/quote/GRWG">GrowGeneration</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>) shares closed down 5.63% at $2.18</li>
<li><a href="https://www.benzinga.com/quote/FFNTF">4Front Ventures</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTC">FFNTF</a>) shares closed down 5.40% at $0.10</li>
<li><a href="https://www.benzinga.com/quote/MRMD">MariMed</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MRMD#OTC">MRMD</a>) shares closed down 4.92% at $0.17</li>
<li><a href="https://www.benzinga.com/quote/YCBD">cbdMD</a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) shares closed down 4.72% at $0.55</li>
<li><a href="https://www.benzinga.com/quote/SMG">Scotts Miracle Gro</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMG#NYSE">SMG</a>) shares closed down 4.30% at $75.22</li>
<li><a href="https://www.benzinga.com/quote/CPHRF">Cipher Pharmaceuticals</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CPHRF#OTC">CPHRF</a>) shares closed down 4.00% at $8.88</li>
<li><a href="https://www.benzinga.com/quote/VFF">Village Farms Intl</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>) shares closed down 3.96% at $1.11</li>
<li><a href="https://www.benzinga.com/quote/ESE">ESCO Technologies</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESE#NYSE">ESE</a>) shares closed down 3.85% at $118.22</li>
<li><a href="https://www.benzinga.com/quote/OILFF">Nextleaf Solutions</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OILFF#OTC">OILFF</a>) shares closed down 3.85% at $0.06</li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cannabis

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Movers

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BMMJ

CARA

CBDY

CNBX

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CPHRF

CRON

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FFNTF

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Cannabis Stock Movers For August 1, 2024

Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) reported quarterly losses of $(0.04) per share which beat the analyst consensus estimate of $(0.34) by 88.24 percent. This is a 112.12 percent decrease over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $48.793 million which beat the analyst consensus estimate of $42.125 million by 15.83 percent. This is a 20.38 percent decrease over sales of $61.284 million the same period last year.

CLFD

Clearfield Q3 2024 GAAP EPS $(0.04) Beats $(0.34) Estimate, Sales $48.793M Beat $42.125M Estimate

IRTC

iRhythm Sees FY24 Revenue ~580M-$590M Vs $583.497M Est.

Grid Dynamics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDYN#NASDAQ">GDYN</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.07 by 14.29 percent. The company reported quarterly sales of $83.037 million which beat the analyst consensus estimate of $81.086 million by 2.41 percent. This is a 7.36 percent increase over sales of $77.342 million the same period last year.

GDYN

Grid Dynamics Holdings Q2 2024 Adj. EPS $0.08 Beats $0.07 Estimate, Sales $83.037M Beat $81.086M Estimate

Cable One (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CABO#NYSE">CABO</a>) reported quarterly earnings of $8.16 per share which missed the analyst consensus estimate of $9.36 by 12.82 percent. The company reported quarterly sales of $394.46 million which missed the analyst consensus estimate of $399.83 million by 1.34 percent. This is a 6.97 percent decrease over sales of $424.02 million the same period last year.

CABO

Cable One Q2 2024 Adj EPS $8.16 Misses $9.36 Estimate, Sales $394.46M Miss $399.83M Estimate

Macquarie analyst Tim Nollen maintains Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) with a Neutral and lowers the price target from $36 to $32.

Price Target

Analyst Ratings

Macquarie Maintains Neutral on Warner Music Gr, Lowers Price Target to $32

Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.14 by 42.86 percent. This is a 100 percent increase over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $401.00 million which beat the analyst consensus estimate of $394.69 million by 1.60 percent. This is a 29.99 percent increase over sales of $308.49 million the same period last year.

Cloudflare Q2 Adj $0.20 Beats $0.14 Estimate, Sales $401.00M Beat $394.69M Estimate

Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares are down after the company reported its second-quarter financial results Thursday. Here's a <a href="https://www.benzinga.com/pressreleases/24/08/b0113471/intel-reports-second-quarter-2024-financial-results-announces-10-billion-cost-reduction-plan-to-in">look at what to know. </a>
The Details: Intel reported quarterly earnings of 2 cents per share which missed the analyst consensus estimate of 10 cents by 80% and represents a 84.62% decrease from the same period last year.
Quarterly sales came in at $12.83 billion, missing the analyst consensus estimate of $12.94 billion and representing a 0.9% decrease year-over-year. Data Center and AI unit revenue was $3 billion, down 3%, Client Computing Group unit revenue was $7.4 billion, up 9%, and Network and Edge unit revenue was $1.3 billion, down 1%. 
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>
Intel announced a $10 billion cost-reduction plan that it says will streamline operations and meaningfully cut spending and headcount, reducing non-GAAP R&amp;D and marketing, general and administrative (MG&amp;A) to approximately $20 billion in 2024 and approximately $17.5 billion in 2025, with further reductions expected in 2026. 
Intel expects to reduce headcount by greater than 15% with the majority completed by the end of 2024.
Intel also announced it will be suspending its dividend starting in the fourth quarter of 2024, but reiterated its long-term commitment to a competitive dividend as cash flows improve to sustainably higher levels.
&#8220;Our Q2 financial performance was disappointing, even as we hit key product and process technology milestones. Second-half trends are more challenging than we previously expected, and we are leveraging our new operating model to take decisive actions that will improve operating and capital efficiencies while accelerating our IDM 2.0 transformation,&#8221; said Pat Gelsinger, Intel CEO. 
&#8220;These actions, combined with the launch of Intel 18A next year to regain process technology leadership, will strengthen our position in the market, improve our profitability and create shareholder value.&#8221;
Outlook:  Intel sees a third-quarter loss of 3 cents per share and revenue in a range of $12.5 billion to $13.5 billion, versus the $2.944 billion estimate.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="&#x1f534;WATCH LIVE: Intel Q2 2024 Earnings Call &#x7C; $INTC" width="500" height="281" src="https://www.youtube.com/embed/xMy5yRs-iFg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
INTC Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Intel shares are down 14.60% after-hours at $29.05 after falling 5.5% during regular trading Thursday.
Read Next:&nbsp;
<ul>
<li><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: Shutterstock

Tech

INTC

Intel Stock Falls After Weak Q2 Results, New Cost Reduction Plan, 15% Headcount Reduction

Spectaire announces sale of carbon offset credits worth $750,000

SPEC

SPECW

Press Releases

Spectaire Announces Integration Between AireCore™ and Geotab, Delivering Enhanced Emissions Monitoring

Spectaire Announces New Demand by Canadian Trucking Fleets for Deployment of AireCore Technology in Response to Escalating Carbon Taxes

Spectaire Enhances Production to 500 Units Monthly Due to Unprecedented Market Demand

Spectaire Closes $2.0 Million Equity Investment

Spectaire Announces Strategic Distribution Partnership with a Fortune 1000 Energy Company

Join Spectaire's Exclusive Live Investor Webinar and Q&A Session on June 3

Spectaire's Advanced AireCore Technology to be Integrated into American Ag Energy's Biomass-to-Fuel Reactors

Management

UPS Executive, Jim Lambis to join Spectaire Board of Directors

Spectaire Unveils AireCore 2.0: Opening New Revenue Opportunities in Pharmaceuticals, Environmental Analysis, and Advanced Materials Research

Contracts

Spectaire Announces Initial Delivery of a 500 AireCore Unit Order with $5 Million Annual Recurring Revenue Potential

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