Streetbeat News

Earnings

DLO

GES

SPRC

SciSparc (SPRC) shares surged 43% following the announcement of a non-binding letter of intent to merge with an Israeli vehicle importer. Guess? (GES) shares fell 15% after reporting disappointing Q3 results and lower Q4 EPS guidance. dLocal (DLO) shares dropped 18% due to poor Q3 results and reaffirmed FY23 revenue guidance that fell short of expectations.

Portfolio Pulse from ryanfaloona@benzinga.com

November 22, 2023 | 1:50 pm

FSR

Fisker Inc, in a recent SEC filing, has indicated that it expects to continue incurring operating losses for the foreseeable future. This statement suggests that the company is not yet at a stage where it can generate a profit from its operations.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:50 pm

GES

Guess?, Inc. (NYSE:GES) reported lower-than-expected earnings for Q3, with earnings of 49 cents per share compared to the consensus estimate of 62 cents, and sales of $651.2 million versus the expected $656.03 million. The company also reduced its full-year 2024 outlook, projecting revenue growth between 1.8% and 2.4% and adjusted EPS between $2.67 and $2.74. Despite this, Guess offers a high annual dividend yield of 5.06%, equating to a quarterly dividend of 30 cents per share. The article explains how an investment of approximately $118,600, or around 5,000 shares, is needed to earn $500 per month from dividends. Guess shares dropped 1.7% to close at $23.72 on Tuesday following the earnings report.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 1:45 pm

GES

Guess? Inc. reported disappointing Q3 financial results, with earnings and guidance for Q4 adjusted EPS falling short of market expectations, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:40 pm

URBN

Urban Outfitters reported Q3 financial results, leading to a decline in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:39 pm

DLO

dLocal shares have declined following the release of their Q3 financial results, which fell short of expectations. Additionally, the company has reaffirmed its full-year 2023 revenue guidance, which is also below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:38 pm

CAT

Caterpillar shares are trading lower due to negative sentiment following Deere's Q4 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:36 pm

DE

Deere & Company's stock (DE) is trading lower following the release of their fourth-quarter financial results.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:34 pm

ADSK

Autodesk Inc (NASDAQ:ADSK) shares fell after reporting Q3 financial results, despite beating revenue and EPS estimates. Analysts lowered price targets post-results. Q3 revenue was $1.41 billion, and EPS was $2.07. Operating margin stood at 24%, with $18 million in operating cash flow and $13 million in free cash flow. CEO Andrew Anagnost highlighted the company's AI and platform services. Q4 revenue is forecasted between $1.422 billion and $1.437 billion, with EPS of $1.91 to $1.97, slightly below estimates. Piper Sandler, Keybanc, and Morgan Stanley analysts adjusted their price targets to $215, $245, and $235, respectively.

Portfolio Pulse from Adam Eckert

November 22, 2023 | 1:31 pm

SOFI

SoFi Technologies (NASDAQ:SOFI) has seen growth and a positive earnings outlook, yet its stock performance has been lackluster since its SPAC debut. Market sentiment is cautiously optimistic due to concerns over interest rates and loan securitization. SoFi's focus on adjusted EBITDA over GAAP profits and strategic growth in its Financial Services segment, which saw a 50% increase in users and a 142% revenue surge, are key factors. The company's securitization deal with BlackRock and a Buy analyst consensus with a $10.39 price target suggest potential for long-term growth. SoFi's stock was slightly up in premarket trading.

Portfolio Pulse from Surbhi Jain

November 22, 2023 | 1:24 pm