Streetbeat News

Earnings

LVO

LiveOne has reiterated its guidance for FY24, expecting to add 800K-825K new paid members compared to the previous fiscal year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:22 pm

DASH

UBER

Uber Technologies Inc (UBER) reported its second consecutive operating profit in Q3, with $9.3 billion in revenue, an 11% YoY increase. The company's mobility segment brought in $5.07 billion, food delivery contributed $2.93 billion, and the freight business added $1.28 billion. However, Q3 results were below LSEG’s estimate. Uber's rival, DoorDash Inc (DASH), also reported its best quarter since its IPO, with $2.2 billion in Q3 revenue, a YoY increase of 24%.

Portfolio Pulse from Upwallstreet

November 07, 2023 | 4:20 pm

HAIN

Hain Celestial Group Inc reported a Q1 FY24 sales decline of 3.3% YoY to $425.03 million, missing the analyst consensus estimate of $431.7 million. The decline was mainly due to lower sales in baby & kids products and challenges in organic formula supply. However, international net sales rose 9.3%. The company reaffirmed its FY24 organic net sales growth outlook of 2% to 4% and adjusted EBITDA of $155 million - $165 million.

Portfolio Pulse from Shivani Kumaresan

November 07, 2023 | 4:20 pm

SWAV

Shockwave Medical's shares are trading lower after the company released its Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:18 pm

DHI

D.R. Horton, Inc (NYSE:DHI) reported a 9% YoY sales growth in Q4 FY23, surpassing expectations. Net sales orders increased 39% YoY, while home sales revenues decreased by 6.4%. The company's EPS was $4.45, beating the consensus of $3.93. DHI also declared a 20% increase in its quarterly cash dividend. For FY24, DHI expects revenues between $36 billion and $37 billion, and repurchases of approximately $1.5 billion.

Portfolio Pulse from Akanksha Bakshi

November 07, 2023 | 4:15 pm

MTCH

Match Group Inc's (MTCH) shares are trading higher by 4.2% following the company's Q3 financial results. The company reported earnings of 57 cents per share, surpassing the expected 54 cents, marking a 29.55% YoY increase. Quarterly sales were $881.6 million, slightly higher than the analyst estimate of $881.07 million, demonstrating an 8.9% YoY growth. However, the company’s preliminary 2024 revenue guidance was slightly below expectations, and the Q4 guidance came in lower due to geopolitical risk, FX and macro factors.

Portfolio Pulse from Henry Khederian

November 07, 2023 | 4:14 pm

EMR

Emerson Electric Co (NYSE:EMR) reported Q4 FY23 net sales growth of 5% YoY to $4.09 billion, missing the consensus of $4.19 billion. Adjusted EPS improved 21% YoY to $1.29, also missing the consensus of $1.31. The company's CEO expects the acquisition of National Instruments (NI) to solve many challenges and create long-term shareholder value. However, the company's shares fell by 7.88% following the announcement.

Portfolio Pulse from Akanksha Bakshi

November 07, 2023 | 4:12 pm

PARA

Paramount Global's stock (NASDAQ:PARA) is trading slightly higher after a sharp fall due to a downgrade from B of A Securities analyst Jessica Reif Ehrlich. Despite exceeding expectations in their recent financial report and experiencing substantial growth in their streaming services, the stock was downgraded from Buy to Underperform with a $9 price target.

Portfolio Pulse from Henry Khederian

November 07, 2023 | 4:06 pm

NXPI

NXP Semiconductors N.V. (NASDAQ:NXPI) shares are trading higher after the company reported Q3 earnings of $3.70 per share, beating the analyst consensus estimate of $3.59. The company also reported quarterly sales of $3.43 billion, beating the analyst consensus estimate of $3.40 billion. Additionally, NXP Semiconductors announced the expansion of its S32 vehicle compute platform with the introduction of the S32M2.

Portfolio Pulse from Erica Kollmann

November 07, 2023 | 4:05 pm

AAWH

Ascend Wellness Holdings Inc (OTC:AAWH) reported a 27% YoY and 14.9% QoQ increase in net revenue for Q3 2023, reaching $141.3 million. The company's net loss improved to $11.2 million from $16.9 million in Q3 2022. Retail revenue increased 22.3% YoY and 12.7% QoQ to $101.3 million. Adjusted EBITDA was positive at $29.5 million, a 38.5% sequential increase. The company's CEO attributed the growth to the successful launch of adult-use sales in Maryland.

Portfolio Pulse from Patricio Liddle

November 07, 2023 | 4:04 pm