Streetbeat News

Earnings

WMG

Warner Music Group reported an 8% increase in Q4 digital revenue, or 7% when adjusted for constant currency. The company's Adjusted OIBDA rose by 20% to $317 million.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:35 pm

WMG

Warner Music Group (WMG) reported Q4 adjusted earnings per share (EPS) of $0.34, surpassing the analyst consensus estimate of $0.25 by 36%. The company's earnings saw a 6.25% increase from $0.32 per share in the same quarter last year. Quarterly sales reached $1.59 billion, slightly beating the $1.58 billion estimate by 0.38% and marking a 5.95% increase from $1.50 billion in the prior year's quarter.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:35 pm

CYBN

Cybin announced it will release Phase 2 topline safety and efficacy data for its CYB003 drug in treating Major Depressive Disorder on November 30, 2023. Additionally, Cybin will host an R&D briefing on the same day.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:34 pm

ARCO

Arcos Dorados Holdings (NYSE:ARCO) reported Q3 earnings of $0.28 per share, surpassing the consensus estimate of $0.21 by 33.33% and marking a 27.27% increase from the previous year. Sales reached $1.13B, exceeding estimates of $1.11B by 1.35% and showing a 22.06% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:32 pm

BRC

Brady Corp has reaffirmed its adjusted earnings per share (EPS) guidance for fiscal year 2024 to be in the range of $3.85 to $4.10, which is in line with the estimated $4.04.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:26 pm

BRC

Brady Corporation (NYSE:BRC) reported Q1 adjusted earnings per share (EPS) of $1.00, surpassing the analyst consensus estimate of $0.93 by 7.53% and marking a 19.05% increase from $0.84 per share in the same period last year. However, the company's quarterly sales of $331.98 million fell short of the consensus estimate of $340.92 million by 2.62%, though they did represent a 2.92% increase from $322.57 million in the prior year's quarter.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:25 pm

ELTK

Eltek (NASDAQ:ELTK) reported Q3 earnings of $0.36 per share, surpassing the consensus estimate of $0.31, a 111.76% increase from the previous year. However, sales of $11.86M fell slightly short of the $11.90M estimate, though they were up 14.85% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:19 pm

PLCE

Children's Place forecasts an adjusted EPS of ($0.59) to ($0.39) for FY23, which is significantly below the estimated $0.9. This indicates a potential downturn in the company's financial performance for the year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:18 pm

WMT

Walmart's CFO, Rainey, reported a significant drop in sales in the last two weeks of October, according to a Bloomberg interview. This news comes despite Walmart recently raising its profit outlook but maintaining a cautious stance on U.S. consumer spending.

Portfolio Pulse from Charles Gross

November 16, 2023 | 12:17 pm

PLCE

Children's Place has increased its FY23 revenue guidance from the range of $1.575 billion - $1.585 billion to a new range of $1.605 billion - $1.610 billion, which is in line with the analyst estimate of $1.610 billion.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:16 pm