Streetbeat News

Earnings

FTNT

Fortinet reported mixed Q3 financial results and issued Q4 and FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:17 pm

CODI

FOXF

Fox Factory Holding Corp's shares have fallen by 20% following the release of its Q3 FY23 results, which showed a 19.1% Y/Y decline in net sales to $331.1 million, missing the consensus of $398.3 million. The company's gross margin also contracted to 32.4% due to a shift in product line mix and costs related to maintaining the skilled workforce amid a UAW strike. The company also announced a share repurchase plan for up to $300 million common shares and the acquisition of Marucci Sports, LLC from Compass Diversified Holdings for $572 million.

Portfolio Pulse from Lekha Gupta

November 03, 2023 | 1:15 pm

AAPL

Apple's shares are trading lower following the release of the company's Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:14 pm

MNST

Monster Beverage's shares are trading higher following the release of the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:13 pm

BKNG

Booking Holdings Inc. reported its Q3 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:12 pm

BEPC

Brookfield Renewable Corp reported Q3 funds from operations of $151M, up from $139M last year. Sales also increased to $934M from $896M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:07 pm

MWA

Mueller Water Products (MWA) has released its preliminary, unaudited Q4 and FY23 consolidated results. The company anticipates consolidated net sales to be between $1,260 million and $1,275 million, 1.0% to 2.2% higher than the prior year. Adjusted EBITDA is expected to be between $197 million and $203 million, 1.3% to 4.4% higher than the prior year. During FY23, approximately $48 million was returned to shareholders through dividends and common stock repurchases. As of September 30, 2023, total debt outstanding was approximately $447 million and cash and cash equivalents were approximately $160 million.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:07 pm

ABCL

AGL

ARQT

CVRX

CYTO

ERAS

HOWL

KTTA

NEXI

NVOS

PBLA

TSBX

Several healthcare stocks experienced significant movement in Friday's pre-market session. Novo Integrated Sciences, Werewolf Therapeutics, Pasithea Therapeutics, Altamira Therapeutics, Arcutis Biotherapeutics, and CVRx saw their stocks rise, with Arcutis Biotherapeutics also releasing its Q3 earnings. On the other hand, Panbela Therapeutics, NexImmune, Agilon Health, Erasca, Turnstone Biologics, and AbCellera Biologics saw their stocks fall, with Agilon Health and AbCellera Biologics also releasing their Q3 earnings.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 1:05 pm

BYU

CREG

EAF

ELIQ

ESGL

HLIO

IEP

MYNA

PRLB

TRU

During Friday's pre-market session, 12 industrial stocks showed significant movement. Gainers included Smart Powerr (CREG), Icahn Enterprises (IEP), Proto Labs (PRLB), Electriq Power Holdings (ELIQ), Barnes Gr (B), and Desktop Metal (DM). Losers included Helios Technologies (HLIO), GrafTech International (EAF), Baiyu Holdings (BYU), Mynaric (MYNA), TransUnion (TRU), and ESGL Holdings (ESGL). Q3 earnings reports were released for IEP, PRLB, HLIO, and EAF.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 1:05 pm

DOCN

INSG

Several IT stocks showed significant movement in Friday's pre-market session. DigitalOcean Holdings (DOCN), Research Frontiers (REFR), CalAmp (CAMP), Sprout Social (SPT), eGain (EGAN), and Mawson Infra Gr (MIGI) saw gains, with DOCN leading with a 27.2% increase. On the other hand, Inseego (INSG), BILL Holdings (BILL), Fortinet (FTNT), Ubiquiti (UI), WaveDancer (WAVD), and My Size (MYSZ) experienced losses, with INSG falling by 29.5%. Most of these movements were influenced by the release of Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 1:05 pm