Streetbeat News

Earnings

BTCY

STZ

Constellation Brands (NYSE:STZ) and Biotricity (NASDAQ:BTCY) are scheduled to report their earnings on June 30, 2023. Constellation Brands is projected to report quarterly earnings at $2.83 per share on revenue of $2.47 billion. Biotricity is expected to report earnings for its fourth quarter.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 12:32 pm

NKE

Nike Inc. reported Q4 revenue of $12.82 billion, up 10% YoY, beating the Street consensus estimate of $12.59 billion. However, its Q4 earnings per share of 66 cents missed the Street consensus estimate of 67 cents. Following the earnings announcement, Raymond James, JP Morgan, and Wedbush revised their price targets on Nike. Nike shares fell 2.9% to $110.10 in pre-market trading.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 12:31 pm

TOP

TOP Financial shares are trading higher following the release of the company's FY23 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 12:30 pm

BTCY

Biotricity (NASDAQ:BTCY) reported its Q4 earnings, beating estimated earnings by 11.11% with an EPS of $-0.08 versus an estimate of $-0.09. Revenue was up $590 thousand from the same period last year. Last quarter, the company beat on EPS by $0.01, which was followed by a 3.33% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 12:30 pm

BTCY

Biotricity (NASDAQ:BTCY) reported Q4 losses of $(0.09) per share, an 18.18% improvement from $(0.11) per share YoY. However, the company's quarterly sales of $2.74 million missed the analyst consensus estimate of $3.16 million by 13.29%, despite a 27.44% increase from $2.15 million YoY.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 12:21 pm

STZ

Constellation Brands (NYSE:STZ) reported Q1 earnings, beating estimates by 2.83% with an EPS of $2.91. Revenue was up $152 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 1.45% increase in share price the next day.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 12:20 pm

TGIFF

1933 Industries Inc. reported a 4.7% YoY decline in Q3 FY23 revenues to CA$4.1 million ($3 million), but a 34.3% increase in YTD 2023 revenues to CA$13.3 million. The company's gross margin was a loss of CA$1.6 million, compared to a profit of CA$2 million in Q3 FY 2022. Net loss was CA$3.4 million for Q3 2023, compared to a loss of CA$12.4 million in Q3 FY 2022. Adjusted EBITDA was a negative CA$2.8 million, compared to positive CA$336,104 in Q3 FY 2022. The company's cash at the end of the period was CA$1.7 million.

Portfolio Pulse from Vuk Zdinjak

June 30, 2023 | 12:19 pm

BTCY

Biotricity (NASDAQ:BTCY) reported Q4 earnings of $0.09 per share, a 181.82% increase YoY. However, the company's quarterly sales of $2.74 million missed the analyst consensus estimate of $3.16 million by 13.29%, despite a 27.44% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 12:17 pm

WEST

Westrock Coffee Company (NASDAQ:WEST) has announced a $75 million equity investment from HF Capital and the Herbert Hunt family. The company has also amended its $400 million credit agreement to increase its total net leverage financial covenant and raise the minimum interest coverage ratio. Westrock Coffee is updating its 2023 outlook for Adjusted EBITDA to reflect flat to up 10% growth over 2022, down from the previous 10% to 25% growth forecast. The company has also been included in the Russell 3000® and Russell 2000®.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 12:12 pm

ACCD

AUPH

BTTR

GNFT

IMBIL

RNLX

UNCY

WAVE

Renalytix Plc (RNLX) shares surged 48.7% in pre-market trading after receiving FDA De Novo marketing authorization for its KidneyIntelX.dkd prognostic test. Genfit S.A. (GNFT) shares gained 26.6% after positive results from Phase III ELATIVE® trial. Aurinia Pharmaceuticals Inc. (AUPH) shares rose 15.2% after the board announced exploration of strategic alternatives. Better Choice Company Inc. (BTTR) shares gained 15.2% after a $5 million investment from Alphia. Accolade, Inc. (ACCD) gained 12.2% after reporting better than expected Q1 earnings. iMedia Brands, Inc. (IMBIL) fell 18.1% in pre-market trading. Eco Wave Power Global AB (WAVE) fell 15.5% after announcing plans for a share repurchase program. Unicycive Therapeutics, Inc. (UNCY) fell 15.2% after an update on its marketing application.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 12:12 pm