Streetbeat News

Earnings

UA

UAA

Under Armour Inc reported flat sales for Q2 FY24 at $1.567 billion, slightly missing the analyst consensus estimate. The company's EPS was $0.24, beating the consensus estimate of $0.21. However, Under Armour has cut its FY24 revenue outlook to be down 2% - 4%, previously expected to be flat or slightly up. Despite this, UAA shares are trading higher by 3.33%.

Portfolio Pulse from Shivani Kumaresan

November 08, 2023 | 3:47 pm

DDOG

Datadog Inc's Q3 earnings beat estimates, leading to a surge in its share price and sparking optimism among analysts. Analysts from Truist Securities, RBC Capital Markets, Wedbush, Guggenheim Securities, and KeyBanc Capital Markets all expressed positive views on the company's performance and future prospects, with several raising their price targets.

Portfolio Pulse from Priya Nigam

November 08, 2023 | 3:46 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares dropped in premarket trading following disappointing Q3 results. Analysts from Cantor Fitzgerald, RBC Capital Markets, and Guggenheim Securities highlighted issues such as a revenue miss, lowered full-year production guidance, and lack of new products to boost margins. The company's shares lost 5.81% to reach $4.04 in premarket trading.

Portfolio Pulse from Priya Nigam

November 08, 2023 | 3:43 pm

JKHY

Jack Henry & Associates reported better-than-expected Q1 revenue results and raised its FY24 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:39 pm

WBD

Warner Bros. Discovery, Inc (NASDAQ:WBD) reported a Q3 FY23 revenue growth of 1% to $9.98 billion, missing the consensus of $10.00 billion. The company's EPS loss of $(0.17) also missed the consensus loss of $(0.06). Despite the record-breaking performance of Barbie, the company's stock fell by 15.60% after the report. The company's total DTC subscribers decreased by 0.7 million to 95.1 million at the end of Q3.

Portfolio Pulse from Anusuya Lahiri

November 08, 2023 | 3:39 pm

WBD

Warner Bros. Discovery reported Q3 2023 earnings per share (EPS) of $(0.17), missing the estimate of $(0.06). The company's revenue was $9.979M, falling short of the $10B estimate.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:36 pm

GIB

CGI reported its Q4 financial results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:34 pm

GILD

Gilead Sciences' shares are trading lower following the release of their Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:34 pm

BIIB

Biogen reported its Q3 financial results and issued a weak forecast for FY23, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:33 pm

FTCI

FTCI expects 4Q23 revenues to be between $18M-$28M, significantly lower than the consensus of $67.63M. The company also anticipates an adjusted gross margin of -7% to 7% and an adjusted EBITDA of -$13M to -$2.5M. However, FTCI remains optimistic about its growth prospects and expects to become profitable in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:41 pm