Streetbeat News

Earnings

HYZN

Hyzon Motors Inc (NASDAQ:HYZN) shares surged after reporting Q3 FY23 results. Despite a wider net loss of $(41.1) million and a loss per share of $(0.18), exceeding consensus estimates, the company showed progress by delivering its first revenue-generating FCEV in North America and deploying 14 FCEVs under commercial agreements. Operational efficiencies led to the lowest cash burn in eight quarters. The company also resolved an SEC investigation with a $25 million penalty and appointed a new CFO, Stephen Weiland. HYZN's stock rose 35.75% to $1.07.

Portfolio Pulse from Lekha Gupta

November 14, 2023 | 7:05 pm

RNLX

Renalytix reported a year-over-year decrease in Q1 sales results, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:04 pm

EL

Estee Lauder Cos Inc. (NYSE:EL) saw a 1.89% increase in its stock price to $115.88 in the current market session, despite a 13.53% decrease over the past month and a 44.66% drop over the past year. The company's P/E ratio of 74.33 is significantly higher than the Personal Products industry average of 30.47, which could suggest that investors expect better future performance or that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 7:02 pm

INVO

INVO BioScience shares have seen an uptick following the announcement of improved year-over-year financial results for Q3.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:01 pm

GMDA

Gamida Cell's stock is trading lower due to the company reporting Q3 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:57 pm

NXPL

NextPlat Corp (NASDAQ:NXPL) shares surged following a positive third-quarter FY23 earnings report. The company reported a significant increase in sales to $15.29 million from $2.63 million in the previous year, with healthcare operations contributing $12.4 million due to the Progressive Care consolidation. E-commerce revenues grew by 11% Y/Y to $2.9 million. Gross margin expanded to 30%, and the company reported an EPS of $0.17, a substantial improvement from $(0.60) last year. NextPlat ended the quarter with $26.3 million in cash and equivalents, and shares rose by 10.58% to $2.09.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 6:52 pm

ACIC

American Coastal Insurance reported a year-over-year increase in Q3 adjusted EPS, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:50 pm

HYZN

Hyzon Motors' stock price is trading higher following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:48 pm

FSR

Fisker Inc (NYSE:FSR) shares dropped after reporting Q3 results, citing delivery issues due to logistical bottlenecks. Needham analyst Chris Pierce maintained a Hold rating, lowering '24 estimates due to production slowdowns to adjust inventory levels. Raymond James analyst Pavel Molchanov kept a Market Perform rating, noting intensifying competition and operational risks in scaling production. Concerns about the long-term margin profile were raised, especially since the Ocean model is ineligible for the U.S. federal tax credit. FSR shares fell 22.02% to $3.21.

Portfolio Pulse from Priya Nigam

November 14, 2023 | 6:46 pm

CYCC

Cyclacel Pharmaceuticals' stock is trading lower due to the company reporting Q3 earnings per share (EPS) results that were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:44 pm