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Earnings

TTOO

T2 Biosystems, Inc. (NASDAQ:TTOO) shares fell in after-hours trading following the company's announcement of preliminary Q3 results. The company reported a 60% decrease in total revenue compared to the same period last year, mainly due to a $1.0 million decline in BARDA revenue. The company also announced FDA 510(k) clearance for the T2Biothreat Panel and 510(k) submission for Acinetobacter baumannii detection. The stock price drop follows a 43.9% decrease during regular trading due to a reverse stock split.

Portfolio Pulse from Ryan Gustafson

October 12, 2023 | 8:46 pm

DG

Dollar General Corp (NYSE:DG) shares are trading higher after the company updated its outlook and appointed a new CEO. The company now expects net sales growth to be between 1.5% and 2.5% for fiscal-year 2023, and earnings are expected to be in the range of $7.10 to $7.60 per share. Former CEO Todd Vasos has been selected to take over the role of CEO after Jeff Owen's resignation.

Portfolio Pulse from Adam Eckert

October 12, 2023 | 8:42 pm

OM

Outset Medical has reported its preliminary Q3 financial results, which has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:36 pm

OM

Outset Medical, Inc. (NASDAQ:OM) reported preliminary Q3 2023 financial results, with revenue of $30.4M, a 9% increase YoY. The company's total cash, including restricted cash, cash equivalents, and short-term investments, was $197M as of Sept. 30, 2023. However, growth in the quarter was affected by the recent FDA warning letter and a cautious outlook on capital spending. The company remains confident about generating sustained long-term growth and reaching profitability.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:34 pm

IDT

IDT Corporation (NYSE:IDT) reported Q4 earnings of $0.36 per share, a 46.27% decrease from the same period last year. Sales also decreased by 7.60% to $304.00 million compared to $329.00 million last year.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:33 pm

SGH

SMART Global Holdings, Inc. (NASDAQ:SGH) reported worse-than-expected Q4 results and issued Q1 earnings per share and revenue guidance below estimates. The company reported Q4 earnings of 35 cents per share, missing the analyst consensus estimate of 45 cents, and sales of $316.66 million, missing the estimate of $375.04 million. The company anticipates Q1 earnings per share of 15 cents +/- 15 cents, versus the estimate of 40 cents, and revenue of $275 million +/- $25 million, versus the $383.44 million estimate.

Portfolio Pulse from Ryan Gustafson

October 12, 2023 | 8:30 pm

CMTL

Comtech Telecommunications has projected an increase in net sales of approximately 1%-4% for Q1 2024. The company also expects an adjusted EBITDA margin of 11%-13%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:29 pm

EQT

EQT Corp is expected to report a total gain on derivatives of $178 million and net cash settlements received on derivatives of $256 million for the three months ended September 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:28 pm

TTOO

T2 Biosystems has reported its preliminary Q3 results, which has led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:28 pm

CMTL

Comtech Telecom (NASDAQ:CMTL) reported Q4 earnings of $0.29 per share, beating the analyst consensus estimate of $0.17 by 70.59%. This is a 20.83% increase from last year. The company also reported quarterly sales of $148.81 million, beating the analyst consensus estimate of $140.13 million by 6.20%. This is a 17.19% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:23 pm