Streetbeat News

Earnings

GDX

GeneDx Holdings reported its Q3 financial results, which led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:39 pm

AYURF

Canadian cannabis extraction company Ayurcann Holdings Corp. reported a 102% YoY increase in gross revenue to $16.2 million for the year ended June 30, 2023. The company's net revenue totaled $12.5 million, up from $9.4 million in fiscal 2022. However, the operating loss grew to $5.3 million, up from $3.3 million in the prior year. The company's shares traded 12.8% lower at $0.0109 per share after the market close on Monday.

Portfolio Pulse from Jelena Martinovic

October 31, 2023 | 3:32 pm

AME

AMETEK Inc reported Q3 FY23 revenue growth of 5% Y/Y to $1.62 billion, missing the consensus of $1.66 billion. The company raised its FY23 EPS outlook to $6.31-$6.33 from $6.18-$6.26. AMETEK also acquired Amplifier Research Corp. for an undisclosed amount and Paragon Medical for about $1.9 billion.

Portfolio Pulse from Lekha Gupta

October 31, 2023 | 3:32 pm

SIEN

Sientra's shares are trading lower after the company reported preliminary Q3 revenue results below estimates. The company is also exploring strategic alternatives. Craig-Hallum downgraded the stock from Buy to Hold and announced a $2 price target.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:28 pm

AGCO

AGCO has reaffirmed its FY23 sales outlook at $14.7B, slightly above the estimated $14.65B. The company has also raised its adjusted EPS guidance to $15.75 from $15.25, surpassing the consensus of $15.3.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:22 pm

JBLU

JetBlue Airways Corp (NASDAQ:JBLU) reported a Q3 FY23 operating revenue decline of 8.2% YoY to $2.35 billion, missing the consensus estimate of $2.81 billion. The company's adjusted loss per share was $(0.39), missing the consensus of $(0.25). Operating expenses increased 3.5% YoY to $2.51 billion. The company also lowered its FY23 outlook. Following the announcement, JBLU shares fell by 14.4%.

Portfolio Pulse from Akanksha Bakshi

October 31, 2023 | 3:18 pm

CWK

Cushman & Wakefield reported its Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:18 pm

FWRD

Forward Air Corporation reported disappointing Q3 financial results and issued weak Q4 guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:17 pm

SYY

Sysco Corp reported Q1 FY24 sales growth of 2.6% YoY to $19.62 billion, missing the analyst consensus estimate of $19.73 billion. However, adjusted EPS of $1.07 beat the analyst consensus of $1.04. The company reaffirmed its FY24 guidance of mid-single digit sales growth to approximately $80 billion and 5-10% adjusted EPS growth to $4.20 to $4.40.

Portfolio Pulse from Shivani Kumaresan

October 31, 2023 | 3:16 pm

MPC

Marathon Petroleum Corp's CEO has reported steady year-over-year demand for gasoline and diesel, with jet fuel demand continuing to grow.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:12 pm