Streetbeat News

Earnings

IMMR

Immersion Corporation (NASDAQ:IMMR) has signed a multi-year license with Razer to make Immersion's patents available to Razer's gaming computer peripherals, laptop computers, and AR/VR products. Immersion will report its Q3 2023 financial results on November 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:00 pm

OMI

Owens & Minor (NYSE:OMI) is set to release its latest quarterly earnings report on November 3, 2023. Analysts estimate an earnings per share (EPS) of $0.35. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $14.64, down 21.68% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 6:00 pm

RACE

Ferrari N.V. (NYSE:RACE) shares are rising after reporting better-than-expected Q3 FY23 earnings. Sales grew 23.5% YoY to $1.681 billion, beating the analyst consensus estimate. Adjusted EBITDA rose 37% YoY and net profit increased 46%. The company raised its FY23 net revenue and EPS guidance. RACE shares are trading higher by 5.95%.

Portfolio Pulse from Shivani Kumaresan

November 02, 2023 | 5:59 pm

PZZA

Papa John's International, Inc (NASDAQ:PZZA) reported a 2.4% Y/Y increase in Q3 FY23 revenue to $522.8 million, missing the consensus of $530.50 million. Adjusted EPS was $0.53, down from $0.54 in 3Q22, also missing the consensus of $0.57. The company opened 45 net units in the quarter, driven by international growth. However, PZZA is scaling back its 2023 expansion strategy due to the dynamic geopolitical environment, lowering its development expectations to 245-260 net new units from the previous 270-310. PZZA shares are trading lower by 4.17%.

Portfolio Pulse from Akanksha Bakshi

November 02, 2023 | 5:45 pm

PKOH

Park-Ohio reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:41 pm

WING

Wingstop Inc. reported Q3 FY23 sales growth of 26.4% YoY to $117.1 million, beating the analyst consensus estimate. Adjusted earnings of 69 cents per share also beat the consensus estimate. The company raised its FY23 domestic same-store sales growth outlook to about 16%. Following the earnings announcement, Barclays, TD Cowen, and Stephens & Co. raised their price targets on Wingstop.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 5:40 pm

MKL

ROOT

Insurance stocks showed mixed performance in Thursday's intraday session. Gainers included Root (NASDAQ:ROOT), Tiptree (NASDAQ:TIPT), Hippo Holdings (NYSE:HIPO), Palomar Hldgs (NASDAQ:PLMR), Trupanion (NASDAQ:TRUP), and SelectQuote (NYSE:SLQT). Losers included Markel Group (NYSE:MKL), Axis Capital Holdings (NYSE:AXS), RenaissanceRe Holdings (NYSE:RNR), United Fire Gr (NASDAQ:UFCS), FG Finl Gr (NASDAQ:FGF), and Everest Group (NYSE:EG). Most companies recently released their Q3 earnings.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 5:40 pm

PTVE

Pactiv Evergreen reported mixed Q3 financial results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:39 pm

WEAV

Weave Communications reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:37 pm

PBI

Pitney Bowes reported mixed Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:36 pm