Streetbeat News

Earnings

MASI

Masimo Corporation has announced preliminary revenue figures for FY23, expecting to report between $2.04B-$2.05B, which aligns with the consensus estimate of $2.04B. The revenue is split between healthcare, projected at $1.272B-$1.277B, and non-healthcare, estimated at $769M-$774M.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:09 pm

STAF

Staffing 360 Solutions (NASDAQ:STAF) experienced a significant decline in its Q3 earnings, reporting a loss of $(0.98) per share compared to a profit of $0.43 per share in the same quarter last year. Sales also decreased by 3.96% to $63.50M from $66.12M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:08 pm

MASI

Masimo Corporation has announced preliminary Q4 FY23 revenue figures ranging between $541M-$551M, surpassing the consensus estimate of $538.38M. The revenue is split between healthcare, which is expected to be between $336M-$341M, and non-healthcare, projected to be $205M-$210M.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:07 pm

AMD

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) reported a decrease in December revenues by 8.4% year-over-year, but still beat analyst estimates for Q4 sales, driven by demand for AI chips. Despite a drop in smartphone and laptop chip sales, the company's performance was bolstered by orders from NVIDIA Corporation (NVDA) and Advanced Micro Devices, Inc. (AMD). TSMC expects a recovery in demand leading up to 2024 and executives are optimistic about growth in their high-performance computing business.

Portfolio Pulse from Nabaparna Bhattacharya

January 10, 2024 | 1:06 pm

AEHR

ETWO

NVNI

SGH

In Wednesday's pre-market session, several information technology stocks showed significant movement. Nvni Group (NVNI) shares surged 64.1% to $3.17, SMART Global Holdings (SGH) rose 12.56% to $20.79 following Q1 earnings, and E2open Parent Holdings (ETWO) increased by 11.97% to $4.3 post Q3 earnings. Conversely, Aehr Test Systems (AEHR) fell 16.6% to $18.64 after Q2 earnings, and other stocks like Mawson Infrastructure Group (MIGI), Taoping (TAOP), CalAmp (CAMP), ComSovereign Holding (COMS), and Stronghold Digital Mining (SDIG) also experienced declines.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 1:05 pm

ICCM

IceCure Medical announced preliminary unaudited revenues for 2023, reporting $3.2 million, which exceeds the estimated $2.93 million.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:04 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) shares dropped by 15% in pre-market trading due to the company's revised full-year revenue guidance, citing expected delays in new orders. Other stocks also experienced significant movements in pre-market trading, with various companies such as Exicure, Inc. (NASDAQ:XCUR) and iCoreConnect Inc. (NASDAQ:ICCT) seeing gains due to specific catalysts like patent grants and strategic acquisitions, respectively.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 1:03 pm

CDAY

In the last three months, 6 analysts have provided diverse ratings for Ceridian HCM Holding (NYSE:CDAY), with 4 bullish and 2 neutral. The average 12-month price target is $77.00, marking an 18.46% increase from the previous $65.00. Recent analyst actions include new buy ratings and a lowered neutral rating, with price targets ranging from $62.00 to $87.00. Ceridian HCM Holding, a cloud HCM provider, showed a revenue growth of 19.61% as of September 30, 2023, but has a net margin of -1.01% and ROE of -0.17%, indicating profitability challenges. The company's debt-to-equity ratio is 0.55, below the industry average.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 1:01 pm

J

Jacobs Solutions (NYSE:J) received mixed analyst ratings with 3 bullish and 1 somewhat bullish, but no changes in the last 30 days. The average 12-month price target is $152.75, slightly down from $153.00. Analysts from Benchmark and Stifel maintain 'Buy' ratings, while RBC Capital lowered its target. Jacobs Solutions reported strong financials with $16.4 billion in revenue and a net margin of 3.48%, but a below-average ROE of 2.29%.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 1:00 pm

AEHR

Aehr Test Systems has reduced its full-year revenue guidance due to expected delays in receiving new orders from both existing and potential customers, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 12:50 pm