Streetbeat News

Earnings

STRR

Star Equity Hldgs (NASDAQ:STRR) reported Q3 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.12) by 108.33%. However, the company's quarterly sales of $10.44 million missed the analyst consensus estimate of $10.70 million by 2.48%. This represents a 80% decrease in earnings and a 56.96% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:32 pm

VFF

Village Farms International, Inc. (NASDAQ:VFF) reported Q3 financial results with consolidated revenue of $69.51 million, a slight decrease from $71.06 million in the same period last year. However, the company significantly reduced its net loss to $1.3 million from $8.75 million in Q3 2022. The company also achieved positive adjusted EBITDA and improved consolidated cash flow. Village Farms shares were trading 1.94% higher at $0.79 per share during Wednesday's pre-market session.

Portfolio Pulse from Nina Zdinjak

November 08, 2023 | 1:31 pm

ADDYY

Adidas AG reported a 1% increase in currency-neutral revenues for Q3 FY23 to €5.999 billion, driven by growth in all regions except North America. The second product drop of Yeezy inventory generated revenues of around €350 million in Q3. Footwear revenues grew 6% on a currency-neutral basis, while apparel sales declined 6%, and accessories revenues were down 3%. The company's operating profit amounted to €409 million with an operating margin of 6.8% versus 8.8% a year ago. Inventories are now down 23% to €4.849 billion versus €6.315 billion last year. For FY23, Adidas expects currency-neutral revenues to decline at a low-single-digit rate.

Portfolio Pulse from Shivani Kumaresan

November 08, 2023 | 1:31 pm

UWMC

UWM Holdings reported Q3 2023 earnings per share (EPS) of $0.15, surpassing the estimate of $0.06. The company's revenue of $677.116 million also beat the estimate of $517.069 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:31 pm

VAXX

Vaxxinity (NASDAQ:VAXX) reported Q3 losses of $(0.10) per share, beating the analyst consensus estimate of $(0.12) by 16.67%. This represents a 33.33% increase over losses of $(0.15) per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:30 pm

PEPG

PepGen (NASDAQ:PEPG) reported its Q3 earnings, missing estimated earnings by 11.36% with an EPS of $-0.98 versus an estimate of $-0.88. Revenue was down $0 from the same period last year. Last quarter, the company missed on EPS by $0.01, which was followed by a 2.53% increase in the share price the next day.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 1:30 pm

ENVX

Enovix Corp (NASDAQ:ENVX) shares surged after reporting better-than-expected Q3 results and strong guidance. The company reported Q3 revenue of $200,000, beating the consensus estimate of $120,000, and an adjusted loss of 19 cents per share, better than the estimated loss of 23 cents per share. Enovix also announced that its IoT and Wearable cell exceeded the requirements of a global wearable apparel company and outperformed all competitive cells tested by Polaris Battery Labs. The company expects Q4 revenue to be between $3 million and $4 million, significantly higher than estimates of $530,000.

Portfolio Pulse from Adam Eckert

November 08, 2023 | 1:28 pm

GHI

Greystone Housing Impact (NYSE:GHI) reported Q3 earnings of $0.39 per share, beating the analyst consensus estimate of $0.14 by 178.57%. However, this is a 50.63% decrease from the same period last year. The company's quarterly sales were $26.47 million, missing the analyst consensus estimate of $27.60 million by 4.08%, but showing a 42.97% increase from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

November 08, 2023 | 1:28 pm

ENVX

Enovix Corporation's shares are trading higher following the company's Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:27 pm

VRNOF

Verano Holdings Corp. reported Q3 revenue of $240.09 million, up from $234.12 million in the previous quarter. The company also raised its free cash flow guidance for 2023 to $72-76 million, up from $65-75 million, and lowered its capital expenditures guidance to $30-37 million, down from $35-50 million. Verano's shares closed 9.47% higher at $3.93 per share.

Portfolio Pulse from Nina Zdinjak

November 08, 2023 | 1:25 pm