Rumble Shares Up 7% in Premarket After 27% Q2 Revenue Surge; More on Earnings
13 Agosto 2024 - 6:39AM
IH Market News
Rumble Inc (NASDAQ:RUM) – Rumble, a video and
digital content platform, reported a 27% sequential revenue growth,
reaching $22.5 million in the second quarter of 2024. Monthly
active users increased to 53 million, with ARPU rising 19% to
$0.37. The company set new audience records, launched products, and
expanded to Xbox, maintaining a strong cash position of $154.2
million. Shares rose 7% in pre-market trading.
Terawulf (NASDAQ:WULF) – Terawulf, a
sustainable Bitcoin miner, reported $35.6 million in revenue for
the second quarter of 2024, a 130.2% year-over-year increase. Gross
profit (excluding depreciation) increased by 109.4% to $21.7
million. Adjusted EBITDA rose 156.4% to $19.5 million, and
self-mining capacity grew by 80%. The company eliminated its debt
ahead of maturity despite a 21.4% drop in self-mined Bitcoin and
rising energy costs. Shares rose 3.6% in pre-market trading.
Home Depot (NYSE:HD) – Home Depot’s
second-quarter earnings are expected to reflect ongoing weakness in
the home improvement market. The company faces challenges due to
high interest rates and elevated home prices, which slow down
renovation projects. Home Depot is expected to report sales of
about $42.6 billion in the second quarter, a nearly 1% drop from
last year. Same-store sales may fall 2.2%, and adjusted earnings
are expected to be $4.53 per share, down from $4.65 last year.
Shares rose 0.3% in pre-market trading.
Freightcar America (NASDAQ:RAIL) – Freightcar
America, a railcar manufacturer, reported a 66% increase in
revenue, reaching $147.4 million in the second quarter of 2024,
with net income of $8.2 million. Adjusted EBITDA rose to $12.1
million. The company secured about 3,000 new orders and revised its
2024 projections, forecasting revenue between $560-$600 million and
adjusted EBITDA of $35-$39 million.
Arq Inc (NASDAQ:ARQ) – Arq, a renewable energy
and carbon capture company, reported $25.4 million in revenue in
the second quarter of 2024, a 24% year-over-year increase driven by
higher prices and a favorable product mix. Gross margin improved to
32%, and net loss was reduced to $2 million. The company also
reported positive adjusted EBITDA of $0.5 million, reflecting
significant operational improvements.
Adecoagro (NYSE:AGRO) – Adecoagro, a South
American agriculture, food, and renewable energy company, reported
a profit of $9.5 million in the second quarter of 2024, equivalent
to $0.09 per share. After adjustments, profit was $1.03 per share.
Total revenue amounted to $411.4 million.
DoubleDown Interactive Company (NASDAQ:DDI) –
DoubleDown Interactive, a developer of social and mobile games,
reported a 17% annual increase in revenue, totaling $88.2 million
in the second quarter of 2024, driven by contributions from
SuprNation. Net income rose to $33.3 million, or $0.67 per ADS,
while adjusted EBITDA grew 34% to $37.0 million. The company ended
the quarter with a solid cash position of $303 million.
Sun Life Financial (NYSE:SLF) – Sun Life
Financial, a global insurance and financial services company,
reported net income of $646 million in the second quarter, a 2%
decline due to a $138 million restructuring expense. However,
adjusted net income rose to $1 billion, driven by growth in Canada
and Asia. The company managed $1.47 trillion in assets, a 7%
year-over-year increase. Sun Life’s board declared a dividend of
$0.81 per common share, payable on September 27, 2024, to
shareholders of record at the close of business on August 28, 2024.
Dividends were also declared for several series of preferred
shares, with specific amounts per series, all payable on the same
date.
DHT Holdings (NYSE:DHT) – DHT Holdings, a
shipping company specializing in the transport of crude oil and
chemicals, reported $150.1 million in revenue for the second
quarter of 2024, slightly down from $152 million in the same period
in 2023. Net income was $44.5 million, or $0.27 per share, impacted
by a drop in tanker freight rates. The company declared a dividend
of $0.27 per share.
Perspective Therapeutics (AMEX:CATX) –
Perspective Therapeutics, a biotechnology research and development
company, reported $0.5 million in revenue in the second quarter of
2024, with a net loss of $11.7 million, or $0.18 per share. The
company made progress in clinical trials and is on track to bring
pre-IND assets to the clinic in 12-18 months, with a cash balance
of $293 million, sufficient through 2026.
Crescent Capital BDC (NASDAQ:CCAP) – Crescent
Capital BDC, a business development company, reported net
investment income of $0.59 per share in the second quarter of 2024.
Net asset value per share increased to $20.30, slightly above the
$20.28 reported in March 2024. The company declared a regular
dividend of $0.42 per share and a supplemental dividend of $0.09
per share.
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