Streetbeat News

Earnings

BYRN

Byrna Technologies (NASDAQ:BYRN) is set to release its latest quarterly earnings report on Tuesday, 2023-07-11. Analysts estimate an earnings per share (EPS) of $0.01. The company's past performance shows a mixed trend of beating and missing EPS estimates, with varying impacts on the share price. The stock is currently trading at $4.91, down 35.38% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 2:00 pm

FXI

GM

General Motors (GM) reported Q2 deliveries of over 526,000 vehicles in China, including over 115,000 new energy vehicles. The company also saw double-digit growth for the Chevrolet and Cadillac brands. GM remains on track to launch more than 20 new and refreshed models in China this year.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:52 pm

DTM

KMI

PXD

The most accurate Wall Street analysts have recommended holding three high-yielding energy stocks: Kinder Morgan, Inc. (KMI), Pioneer Natural Resources Company (PXD), and DT Midstream, Inc. (DTM). These stocks have dividend yields of 6.69%, 6.46%, and 5.49% respectively. Recent news for these companies include better-than-expected Q1 earnings for KMI, mixed Q1 results for PXD, and downbeat Q1 earnings for DTM.

Portfolio Pulse from Lisa Levin

July 10, 2023 | 12:51 pm

FMC

FMC Corp has cut its Q2 and 2023 guidance, leading to a drop in its share price by over 8%. The company has reduced its Q2 revenue expectations to $1.00 billion-$1.03 billion and adjusted EBITDA to $185 million-$190 million. For 2023, the revenue guidance has been cut to $5.20 billion-$5.40 billion and adjusted EBITDA to $1.30 billion-$1.40 billion. The company attributes these changes to unforeseen volume declines in three of its four operating regions.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 12:45 pm

AIRI

Air Industries (AMEX:AIRI) reported a 3.63% increase in Q1 sales, up from $12.06 million to $12.50 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 12:36 pm

EFSH

1847 Holdings LLC (NYSE:EFSH) has provided preliminary revenue guidance for Q2 2023, projecting revenues of approximately $20 million, a 54% YoY increase. The company also reaffirmed its 2023 revenue guidance to exceed $90 million.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:34 pm

HELE

Helen Of Troy Ltd (NASDAQ:HELE) reported a Q1 FY24 sales decline of 6.6% YoY to $474.67 million, beating the analyst consensus of $465.36 million. The decrease was primarily due to lower sales in several categories. Adjusted EPS of $1.94 beat the analyst consensus of $1.60. The company continues its global restructuring plan, Project Pegasus, to improve efficiency and reduce costs. Helen Of Troy expects FY24 revenue of $1.965 billion - $2.015 billion against the consensus of $2 billion. HELE shares are trading higher by 9.29% at $123.00 in premarket.

Portfolio Pulse from Shivani Kumaresan

July 10, 2023 | 12:16 pm

ZEV

Lightning eMotors, Inc. (NYSE:ZEV) announced that it produced 46 units in Q2 2023, including vehicles, powertrains, and Lightning Mobile DC Fast Chargers. The company ramped up production of its ZEV4 platform, producing 40 vehicles compared to five in Q1. The production was mainly for Type A school buses due to growing demand. The company expects demand for its products to increase as customers see results from initial orders and demo units.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:07 pm

NSTG

NanoString Technologies, Inc. (NASDAQ:NSTG) has released a preliminary update for Q2 2023, expecting revenues to exceed $44 million, a YoY growth of approximately 37%. The company has also retained more than $30 million in the CosMx instrument order backlog, despite a competitor's attempt to scare off customers. The company's spatial biology revenue is expected to be over $23 million, and nCounter revenue is expected to be approximately $21 million. The company reiterated its full-year revenue guidance of $175 million-$185 million.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 11:50 am

TSLA

Jefferies analyst Philippe Houchois has raised the price target for Tesla, Inc. (NASDAQ:TSLA) from $185 to $265, suggesting a 3.44% downside from current levels. The analyst expects Q2 revenue to be $24.7 billion, up 6% sequentially and 46% higher than a year ago. However, he warned that the factors that led to a 65% drop in Tesla's stock in the second half of 2022 have not disappeared.

Portfolio Pulse from Shanthi Rexaline

July 10, 2023 | 11:43 am