Streetbeat News

Earnings

HITI

High Tide reported Q2 2023 earnings with EPS of CAD$(0.02) compared to CAD$(0.14) YoY, and revenue of CAD$118.14M, up 46% YoY. Gross profit increased by 39% while net loss improved by 81%.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:04 pm

SENEA

Seneca Foods reported a year-over-year decrease in Q4 financial results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 5:52 pm

ACB

ATEX

CODA

GURU

HEXO

HITI

LEN

POWW

RFIL

YQ

Earnings reports for June 14, 2023 include Aurora Cannabis, Global X Guru Index ETF, Anterix, Coda Octopus Group, HEXO, High Tide, 17 Education & Technology, Lennar, AMMO, and RF Industries.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 5:13 pm

BWV

MIND

WETG

MIND Technology shares dropped over 20% following a wider-than-expected quarterly loss. Other stocks experienced significant price movements, with WeTrade Group shares climbing 140.3% after launching large-scale language processing models for AI applications, and Blue Water Biotech gaining 67% after acquiring six FDA-approved drugs.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 5:12 pm

VWAGY

Volkswagen AG (OTC:VWAGY) expects its passenger car brand to boost earnings by €10 billion by 2026, aiming for a return on sales of 6.5%. The company plans to achieve this without reducing wages or shedding jobs, focusing on streamlining processes, increasing efficiency, and improving product quality.

Portfolio Pulse from Shivani Kumaresan

June 14, 2023 | 4:47 pm

IDEX

Ideanomics (IDEX) shares are surging, with a 200% increase over the past 30 days. The company is expected to report earnings at the end of the month and has a notable short interest of 10.46%. Ideanomics has received multiple Nasdaq delinquency notices and is awaiting a decision from the Nasdaq Hearings Panel.

Portfolio Pulse from Erica Kollmann

June 14, 2023 | 4:34 pm

SOFI

SoFi Technologies has an option alert for Jan 19 $14 calls sweep with 1651 contracts traded at $0.891, near the ask price. The open interest is 36,136 contracts. Earnings are estimated to be released on August 1st after market close. The stock is currently trading at $9.84.

Portfolio Pulse from Charles Gross

June 14, 2023 | 3:54 pm

HOOD

Robinhood Markets (HOOD) sees a sweep of 381 January 2025 $20 call options near the ask price, compared to an open interest of 21,711. Earnings are expected on August 1 after market close.

Portfolio Pulse from Charles Gross

June 14, 2023 | 3:48 pm

AMZN

GOOG

GOOGL

MSFT

ORCL

Oracle Corporation reported better-than-expected fiscal Q4 results and revenue guidance, with $13.84 billion in revenue, a 17% YoY growth. The company's cloud services and license support revenue grew 23% to $9.37 billion, while cloud infrastructure revenue expanded 76% to $1.4 billion. Oracle also partnered with start-up Cohere to bring generative artificial intelligence to its cloud service.

Portfolio Pulse from Upwallstreet

June 14, 2023 | 3:40 pm

ADBE

DOCU

DocuSign Inc (NASDAQ:DOCU) shares spiked 12% after reporting better than expected earnings and strong guidance, but later gave up gains due to cautious consumer behavior. Q1 revenue rose 12% YoY to $661.4 million, beating estimates, with subscription revenue also increasing 12% to $639 million. The company faces intensified competition, particularly from Adobe Inc (NASDAQ:ADBE).

Portfolio Pulse from Upwallstreet

June 14, 2023 | 3:30 pm