Streetbeat News

Earnings

SPHR

Sphere Entertainment reported a Q2 adjusted EPS of $(1.59), which missed the estimated $(0.80).

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:04 pm

MLAB

Mesa Laboratories (NASDAQ:MLAB) reported Q3 earnings of $2.02 per share, significantly beating the $0.19 estimate but marking a 14.04% decrease from last year. Sales were $53.47M, missing the $54.89M estimate and showing a 1.50% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:02 pm

INSE

Inspired Entertainment, Inc. (INSE) has received approval from Nasdaq for its compliance plan to file the overdue Form 10-Q for Q3 2023 by February 28, 2024. The company is also working on filing restated financial statements for 2022 and the first two quarters of 2023 by the same deadline.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:01 pm

ON

ON Semiconductor (NASDAQ:ON) reported Q4 adjusted EPS of $1.25, surpassing the $1.21 consensus estimate, and sales of $2.02B, exceeding the $2.00B estimate. However, this represents a 5.3% decrease in earnings and a 4.09% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:01 pm

CHTR

Four analysts have recently updated their ratings on Charter Communications (NASDAQ:CHTR), showing a mix of perspectives. The average 12-month price target is now $403.75, down from $456.75, indicating a bearish sentiment. Analysts from Barclays, JP Morgan, Rosenblatt, and Benchmark have all lowered their price targets, reflecting concerns over market conditions and company performance. Despite this, Charter Communications has shown positive financial performance, with a revenue growth rate of 0.25% as of September 30, 2023, and strong profitability indicators such as a net margin of 9.24% and an ROE of 11.64%.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 1:00 pm

MAT

JPMorgan reported that the #Barbie brand provided a significant boost to its results in mid-to-late 2023, particularly in Q3. However, the positive impact was short-lived, leading to difficult comparisons and creating a significant wall of worry for investors.

Portfolio Pulse from Charles Gross

February 05, 2024 | 12:49 pm

CNA

L

Loews Corp (NYSE:L) shares are trading higher premarket after reporting higher Q4 FY23 earnings and revenues compared to the previous year. Net income increased to $446 million with EPS of $1.99, and revenues rose to $4.26 billion. CNA Financial Corp (NYSE:CNA), a contributor to Loews' revenue, also reported increased revenue and net income. Loews' Boardwalk Pipelines and Loews Hotels segments showed revenue growth, although Loews Hotels experienced a slight decline in net income. Loews also repurchased 2.1 million shares for $141 million during the quarter.

Portfolio Pulse from Lekha Gupta

February 05, 2024 | 12:44 pm

NSSC

NAPCO Security Technologies (NSSC) reported Q2 earnings of $0.34 per share, surpassing the $0.26 estimate, marking a 209.09% increase from last year. Sales reached $47.55M, beating the $43.92M estimate, a 12.37% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:44 pm

BOWL

Bowlero (NYSE:BOWL) reported Q2 sales of $305.70 million, surpassing the analyst consensus estimate of $300.52 million by 1.72% and marking an 11.82% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:35 pm

TSN

Tyson Foods (TSN) forecasts fiscal 2024 revenue to be flat year-over-year, with adjusted operating income projected between $1.0 billion and $1.5 billion. Capital expenditures are expected to range from $1.0 billion to $1.5 billion, focusing on profit improvement, maintenance, capacity expansion, and innovation. Net interest expense is anticipated to be around $400 million, while liquidity is expected to stay above $1.0 billion.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:33 pm