Streetbeat News

Earnings

HIVE

HIVE Digital Technologies (NASDAQ:HIVE) reported Q1 earnings of $0.03 per share, significantly beating the analyst estimate of $(0.01). The company also reported sales of $32.20 million, surpassing the $24.32 million estimate. This marks a substantial improvement from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:09 am

AAWH

AYRWF

CRLBF

CURLF

GTBIF

TCNNF

TRSSF

VRNOF

U.S. multi-state operators (MSOs) in the cannabis industry are showing improved cost efficiency in Q2 2024, with six out of the top eight MSOs reducing their cost of goods sold (COGS) as a percentage of revenue. Companies like Green Thumb Industries, Curaleaf, Trulieve, Verano, Cresco Labs, and Ascend Wellness have managed to lower their COGS and selling, general, and administrative (SG&A) expenses, indicating better operational efficiency. However, AYR and TerrAscend faced increased COGS, highlighting operational challenges.

Portfolio Pulse from Rolando García

August 12, 2024 | 11:35 pm

MRMD

MariMed Inc. (OTC:MRMD) CEO Jon Levine discussed the company's strong Q2 performance, expansion plans, and future growth strategies during a fireside chat. MariMed is focusing on key markets like Maryland, Massachusetts, Illinois, and Ohio, and is exploring M&A and licensing opportunities. Levine expressed optimism about cannabis rescheduling within the next 12 months.

Portfolio Pulse from Nicolás Jose Rodriguez

August 12, 2024 | 11:19 pm

EARN

Ellington Credit (NYSE:EARN) reported Q2 earnings per share of $0.36, beating the analyst estimate of $0.28. However, sales of $3.90 million missed the $4.13 million estimate. Despite the sales miss, both EPS and sales showed significant year-over-year growth.

Portfolio Pulse from saritha@benzinga.com

August 12, 2024 | 10:11 pm

ODV

Osisko Development (NYSE:ODV) reported a significant decline in its Q2 financial performance, with EPS dropping to $(0.25) from $(0.12) YoY and sales plummeting to $1.92M from $8.07M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:02 pm

JHX

James Hardie Industries has reaffirmed its FY25 guidance despite anticipating a challenging market backdrop in North America during its fiscal second quarter. The company expects North American volumes to be between 705 million to 735 million standard feet and EBIT margins to range from 27.5% to 29.5% for Q2 FY25. Full-year guidance remains unchanged with North American volumes projected at 2.95 to 3.15 billion standard feet, EBIT margins at 29% to 31%, and adjusted net income between $630 million to $700 million.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:00 pm

JHX

James Hardie Industries reported its Q1 FY25 results with an adjusted EPS of $0.41, up 4% year-over-year, and net sales of $992 million, also up 4% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:57 pm

EARN

Ellington Credit expects its Q3 adjusted distributed EPS to decline somewhat from the Q2 level of $0.36, while still exceeding the Q1 level of $0.27. The estimated EPS for Q3 is $0.29.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:50 pm

BMBL

FDCF

FMET

RVER

WCEO

Bumble Inc. (NASDAQ:BMBL) experienced a significant drop in stock price following a revenue miss and a lower-than-expected forecast for the third quarter. Despite the decline, Goldman Sachs maintained a Buy rating on the stock. ETFs tracking Bumble also showed mixed performance.

Portfolio Pulse from Michael Juliano

August 12, 2024 | 9:48 pm

EARN

Ellington Credit (NYSE:EARN) reported Q2 2024 adjusted EPS of $0.36, beating the analyst estimate of $0.28. However, sales were $3.90 million, missing the $4.13 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:47 pm