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Home Blog Page 8628

Tenable Reports Q2 Beat, Shares Jump 11 percent

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Tenable (NASDAQ:TENB) reported better-than-expected Q2 results, leading to more than an 11% increase in its share price in pre-market today.
During the second quarter, Tenable posted a profit per share of $0.22 on revenue of $195 million, surpassing the Street estimates for earnings of $0.13 on revenue of $190.26 million. The company also reported a 15% year-over-year increase in billings, with calculated billings exceeding $200 million.
Looking ahead, for the current quarter, Tenable forecasts EPS in the range of $0.18 to $0.19 on revenue of $198 million. This outlook exceeded Street expectations of $0.16 EPS on sales of $195.9 million.
For the full year 2023, Tenable’s projected EPS is $0.67 on revenue of $787 million. This outlook also surpasses the Street estimates of $0.59 EPS on revenue of $781 million.

Teladoc Shares Surge 7 percent Following Q2 Earnings & Improved Outlook

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Teladoc (NYSE:TDOC) shares jumped more than 7% in pre-market today following the company’s announced Q2 results and an improved full-year outlook.
In its second-quarter results, Teladoc reported a 10% rise in revenue, reaching $652.4 million, which exceeded the Street estimate of $649.2 million. The reported loss per share for the quarter was $0.40, in line with the Street forecast of a loss per share of $0.41.
The company attributes this positive performance to several factors, including the introduction and expansion of new products and services, investments in innovation, expense control, and the integration of virtual and in-person healthcare experiences, which align with customer demand.
The updated full-year forecast now projects revenue to be $2.64 billion. This is slightly higher than the previous forecast and guidance of $2.63 billion. Additionally, Teladoc has revised its projected loss per share for the year to be in the range of $1.25 to $1.60, which is an improvement compared to the earlier forecast of $1.25 to $1.70 loss per share.
For Q3, Teladoc anticipates a loss per share of $0.45 on revenue of $662.5 million. This projection is slightly below the Street estimate for a loss per share of $0.33 on revenue of $664 million.

Target’s Rating Slashed to Market Perform at Raymond James

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Raymond James revised Target’s (NYSE:TGT) rating from Strong Buy to Market Perform. This decision comes in anticipation of Target’s Q2/23 earnings report scheduled on August 16. The analysts’ reasoning for this change is based on observations of QTD sales and traffic trends, which have remained sluggish since a decline early in the quarter.
This suggests that Target is experiencing a slowdown in overall revenue growth. Furthermore, there are indications that consumer discretionary spending, especially for Target’s product mix, was weak during Q2, which could lead to a more competitive promotional environment and a shift in product mix, thus postponing Target’s margin recovery prospects.

Sky hope to kick off second half on positive note, visit Mercury


The Phoenix Mercury came out of the All-Star break rejuvenated.

The Chicago Sky are hoping to do the same when they visit the Mercury on Thursday night.

Both teams had a disappointing first half of the season that featured a coaching change and left them with an uphill battle to reach the playoffs.

Phoenix (5-15) got its first victory of the second half against a team with a winning record when it defeated the visiting Connecticut Sun 72-66 on Tuesday night.

“No one has lost so much like we did in the first half, so I think we all needed a breather,” said forward Sophie Cunningham, who led the Mercury with 17 points in the win.

All-Star center Brittney Griner scored just 12 points, but patiently passed out of double teams and finished with a team-high five assists.

“She’s able to read where the double team is coming from, what windows are open, what players are diving or rotating, so we gave her the freedom to make those reads and she did a great job,” Phoenix interim coach Nikki Blue said.

The Mercury are three games behind the Sky (8-12) for the eighth and final playoff spot. Chicago has a one-game lead over the ninth-place Los Angeles Sparks.

“This season for us has been (up and down),” Sky guard Dana Evans told the Chicago Sun-Times. “Being able to sit down, relax and just take your mind off basketball for a while was pretty good.”

Chicago, which hasn’t played since an 84-72 home loss to the Sun on July 12, has seen Emre Vatansever take over as interim coach/general manager and guard Rebekah Gardner and forward Isabelle Harrison suffer injuries that could be season-ending.

“My priority is making them better every day,” Vatansever said. “I’m focused on progress. … Somehow we need to win a game and make the playoffs. I’m not only talking about flowers and (positive) things. We have to win a game, but also we need to enjoy and see the progress.”

–Field Level Media

Aces bar G Riquna Williams from team after arrest


Las Vegas Aces guard Riquna Williams has been barred from the team after she was arrested Tuesday on felony domestic violence charges, the WNBA franchise announced Wednesday.

Williams, 33, was charged with three felony counts of strangulation, one felony count of assault with a deadly weapon and one felony count of coercion. She also is charged with four misdemeanor counts of domestic battery.

Justice of the Peace Rebecca Saxe on Wednesday allowed Williams to be released on her own recognizance and mandated her to undergo alcohol monitoring and mental health counseling. Williams, who cannot have contact with her alleged victim, has a court appearance set for Aug. 2.

Saxe said Williams was charged after police said incidents “occurred over an extended period of time.” The alleged victim was not identified.

“The Las Vegas Aces were made aware of domestic violence charges against a member of our team, Riquna Williams,” the team said in statement Wednesday. “As an organization, we condemn domestic violence of any kind. At this time, Riquna Williams will be precluded from participating in team activities. Our thoughts are with the parties involved in this situation. We are currently gathering more information, and as such we will not have any further comments at this time.”

The WNBA stated that it was aware of the alleged incident and is gathering more information.

Williams has not played this season because of a lower back injury.

A second-round pick (17th overall) by the Tulsa Shock in the 2012 draft out of Miami, Williams has averaged 10.5 points, 2.2 rebounds, 1.5 assists, 1.0 steals and 1.0 turnovers in 253 games (90 starts) over 10 seasons with the Shock (2012-15), Los Angeles Sparks (2017-20) and Aces (2021-present).

While with the Sparks in 2019, the WNBA suspended her for 10 games after a domestic violence incident in her native Florida involving a then-ex-girlfriend. Williams was arrested on felony charges, which were dismissed in 2020.

Saxe and Ryan Bashor, her public defender on Wednesday, said Williams had no criminal convictions.

Williams made the league’s 2012 All-Rookie team, was the 2013 Sixth Woman of the Year with the Shock, a 2015 All-Star and a member of the 2022 champion Aces.

–Field Level Media

San Diego State, Gonzaga agree to home-and-home series


National runner-up San Diego State and traditional power Gonzaga have agreed to a home-and-home series over the next two seasons.

The Aztecs and Bulldogs will play this season on Dec. 29 at on-campus McCarthey Athletic Center in Spokane, Wash. The following season, the teams will battle at Viejas Arena on the San Diego State campus. The date for the 2024-25 season matchup will be announced at a later time.

San Diego State’s program is at its highest elevation ever after advancing to last season’s NCAA Tournament title game. The Aztecs lost 76-59 to UConn. San Diego State (32-7 last season) had not previously advanced past the Sweet 16.

Gonzaga, which went 31-6 last season, was routed 82-54 by UConn in the Elite Eight. The Zags were national runner-ups in the 2017 and 2021 NCAA Tournaments.

The Aztecs and Bulldogs have split four previous meetings. San Diego State won the most recent meeting 72-70 during the 2017-18 season.

The Aztecs also defeated Gonzaga 79-76 in Spokane early in the 2010-11 season with a team featuring future NBA star Kawhi Leonard.

Gonzaga defeated San Diego State in the 1959-60 campaign at a neutral site in Portland and also defeated the Aztecs at home early in the 2014-15 season.

–Field Level Media

Report: Bulls G Ayo Dosunmu agrees to 3-year, $21M deal


The Chicago Bulls reached a three-year, $21 million deal with guard Ayo Dosunmu, ESPN reported Friday.

The 23-year-old restricted free agent averaged 8.6 points in 80 games (51 starts) for Chicago in 2022-23.

Dosunmu has averaged 8.7 points, 2.9 assists and 2.8 rebounds in 157 games (91 starts) over two seasons.

The Bulls drafted the Chicago native in the second round (38th overall) in 2021 out of Illinois.

–Field Level Media

Report: Hawks agree to terms with G Wesley Matthews


Free agent guard Wesley Matthews has agreed on a one-year contract with the Atlanta Hawks, ESPN reported on Friday.

Financial terms were not disclosed for Matthews, who averaged 3.4 points and 2.2 rebounds in 52 games off the bench last season for the Milwaukee Bucks.

Matthews, who will turn 37 on Oct. 14, has averaged 11.7 points, 2.8 rebounds and 1.9 assists in 950 career games (753 starts) with the Utah Jazz (2009-10), Portland Trail Blazers (2010-15), Dallas Mavericks (2015-19), New York Knicks (2018-19), Indiana Pacers (2018-19), Los Angeles Lakers (2020-21) and Bucks.

He has shot 42.0 percent from the floor and 37.6 percent from 3-point range for his career.

–Field Level Media

MLB News: Mariners acquire RHP Trent Thornton from Blue Jays


The Seattle Mariners acquired right-hander Trent Thornton in exchange for minor league infielder Mason McCoy on Wednesday.

To make room on the 40-man roster for Thornton, the Mariners transferred left-hander Marco Gonzales (left forearm strain) to 60-day injured list.

Thornton, 29, will be optioned to Triple-A Tacoma. He was 0-0 with a 1.69 ERA in 5 1/3 innings over four appearances this season for the Blue Jays.

Thornton was 5-1 with a 4.18 ERA with 18 walks and 26 strikeouts over 28 innings in 22 appearances this season at Triple-A Buffalo.

McCoy, 28, has started games at shortstop, second base and third base for Tacoma, where he batted .234 with 18 doubles, 11 home runs and 55 RBIs in 87 games.

Gonzales, 31, is 4-1 with a 5.22 ERA, 18 walks and 34 strikeouts in 50 innings over 10 starts this season for Seattle. He was placed on the 15-day IL on June 3 (retroactive to May 31).

–Field Level Media

MLB News: Pirates LHP Angel Perdomo suspended 3 games for HBP


Pittsburgh Pirates left-hander Angel Perdomo was suspended three games my Major League Baseball on Wednesday for “intentionally” throwing at the San Diego Padres’ Manny Machado in a game Tuesday.

Perdomo gave up a home run to the Padres’ Juan Soto in the seventh inning of Tuesday’s game at San Diego. One pitch later, Machado was hit in the back by a 98-mph fastball from Perdomo, who was ejected.

“You give up a bomb like that, I would be mad, too, I’m not gonna lie,” Machado said after Tuesday’s game, a 5-1 Padres victory. “… I guess people don’t respect people anymore.”

In addition to Perdomo’s discipline, which included a fine of an undisclosed amount, Pirates manager Derek Shelton was suspended one game.

Shelton was set to serve his suspension during Wednesday’s game against the Padres. Perdomo’s suspension also was set to begin Wednesday, pending a decision to appeal.

Perdomo, 29, is 1-1 with a 3.92 ERA in 20 2/3 innings this season, while allowing three home runs. He is 2-1 in his career with a 6.02 ERA in 43 relief appearances over three seasons for the Milwaukee Brewers (2020-21) and Pirates.

–Field Level Media