Streetbeat News

Earnings

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower after the company announced its Q2 production and delivery numbers. The company produced 2,173 electric vehicles and delivered 1,404 vehicles during the period. Lucid also announced the commencement of material shipments to Saudi Arabia. The company will release its Q2 financial results on August 7.

Portfolio Pulse from Erica Kollmann

July 12, 2023 | 2:21 pm

INMD

InMode has issued Q2 2023 EPS and revenue guidance above estimates and increased full year 2023 revenue guidance. This has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:14 pm

IGC

IGC Pharma, Inc. (AMEX:IGC) reported FY23 financial results, with revenue of $911,000, a 129% increase from FY22. Gross profit was $422,000, R&D expenses were $3.5 million, and net loss was $11.5 million. The company is progressing with its drug formulations through FDA trials, particularly IGC-AD1, which is showing strong results in phase 2B trials. IGC Pharma also secured a $12M credit facility from O-Bank for Alzheimer's research and raised $3M via private placement.

Portfolio Pulse from Vuk Zdinjak

July 12, 2023 | 2:13 pm

LCID

Lucid Motors' shares are trading lower following the announcement of the company's Q2 production and deliveries.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:11 pm

INMD

InMode Ltd. (NASDAQ:INMD) has released its preliminary results for Q2 2023, with expected revenues of $135.7 million-$135.9 million, above the consensus of $130.28 million. The company also raised its FY23 revenue guidance to $530 million-$540 million from the previous guidance of $525 million-$530 million. InMode's shares are trading higher by 2.11% in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

July 12, 2023 | 2:05 pm

OGI

OrganiGram Holdings (NASDAQ:OGI) is set to release its latest quarterly earnings report on July 13, 2023. Analysts estimate an earnings per share (EPS) of $-0.04. The company's share price dropped by 12.39% the day after it missed EPS by $0.03 last quarter. Over the last 52-week period, shares are down 57.62%.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:04 pm

NTIC

Northern Technologies (NASDAQ:NTIC) is set to release its latest quarterly earnings report on July 13, 2023. Analysts estimate an earnings per share (EPS) of $0.19. The company's past performance shows a pattern of share price drops following earnings beats. The stock was trading at $10.85 as of July 11, with a 0.26% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:04 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) is set to release its latest quarterly earnings report on July 13, 2023. Analysts estimate an EPS of $0.21. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $38.71, up 396.75% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:03 pm

PGR

Progressive (NYSE:PGR) is set to release its latest quarterly earnings report on July 13, 2023. Analysts estimate an EPS of $0.90. Last quarter, the company missed EPS by $0.72, leading to a 1.71% drop in share price. Shares of Progressive were trading at $132.17 as of July 11, with a 52-week increase of 17.26%.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:03 pm

OGI

OrganiGram Holdings (NASDAQ:OGI) is set to release its latest quarterly earnings report on July 13, 2023. Analysts estimate an earnings per share (EPS) of $-0.04. The company's past performance shows a pattern of share price drops following earnings misses. The stock is currently trading at $1.69, down 57.38% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:02 pm