Streetbeat News

Earnings

HROW

Harrow Health (NASDAQ:HROW) reported a Q3 adjusted EPS of $(0.09), missing the $0.04 estimate, and sales of $34.27M, missing the $37.58M estimate. This represents a 50% decrease in EPS and a 50.13% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:04 pm

ALLK

Allakos (NASDAQ:ALLK) reported a Q3 EPS loss of $(0.52), missing the consensus estimate of $(0.45) by 15.56%. The loss per share has slightly improved from the $(0.53) reported in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:04 pm

QUBT

Quantum Computing Inc. (NASDAQ: QUBT) reported Q3 earnings with an EPS loss of $(0.09), beating estimates by 10% and improving from last year's $(0.22) loss. However, sales of $50.44K fell short of the expected $200K, despite being a 33.97% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:03 pm

BBAI

BigBear.ai, Inc. (NYSE:BBAI) shares have been trading higher since early November, influenced by a dip in Treasury yields and the announcement of acquiring Pangiam Intermediate Holdings, LLC for approximately $70 million. The company's Q3 earnings exceeded analyst expectations with earnings of three cents per share, despite sales missing estimates. BigBear.ai provided full-year 2023 revenue guidance, which ranges below the consensus estimate. The stock saw a significant increase of over 15% on Monday.

Portfolio Pulse from Ryan Gustafson

November 13, 2023 | 8:51 pm

SNDL

SNDL Inc. (NASDAQ:SNDL) has announced the renewal of its CA$100M share repurchase program, set to commence after the current program expires on November 20, 2023. The company can repurchase up to 13.1 million shares, representing 5% of outstanding shares. SNDL reported a 78% reduction in net loss for Q3 2023 YoY, with a net loss of CA$21.8 million. Net revenue increased by 3.1% to CA$237.6 million, with significant growth in cannabis retail and operations. The company has CA$785 million in unrestricted cash and no debt, with a net book value of CA$1.3 billion. SNDL's stock was up 11.19% to $1.58 per share following the news.

Portfolio Pulse from Jelena Martinovic

November 13, 2023 | 8:36 pm

PCYO

Pure Cycle Corporation (NASDAQ:PCYO) has issued a correction regarding the announcement dates for its year-end 2023 earnings call. The company will release its financial results for the year ended August 31, 2023, on November 15, 2023, and will hold a conference call on November 16, 2023, to discuss the results.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:10 pm

AUVI

Applied UV, Inc. (NASDAQ:AUVI) reported preliminary Q3 2023 financial results with revenues of approximately $11.4 million, a 94.8% increase over the same period in 2022. Gross profit rose to about $2.7 million, up 216.6% from the previous year. The company expects an operating loss of $2.4 million and a net loss of $2.6 million for Q3 2023, slightly improved from Q3 2022. Adjusted EBITDA loss is estimated at $1.5 million for the quarter. The company reiterated its 2023 revenue guidance of $45 million and aims to be cash flow neutral in the latter half of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:08 pm

LPCN

Lipocine Inc. presented positive Phase 2 results for LPCN 1148 at The Liver Meeting 2023, showing improvements in sarcopenia and other clinically meaningful outcomes. Patients switching from placebo to LPCN 1148 in an open label extension also improved.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 7:46 pm

DIS

Walt Disney Co (NYSE:DIS) shares increased by 1.5% to $89.60, potentially due to the company's recent Q4 earnings report which exceeded EPS expectations. Disney reported a 5% YoY increase in revenue to $21.24 billion, slightly missing estimates of $21.33 billion, but the EPS of 82 cents beat the consensus of 70 cents. Growth was seen in Entertainment and Experiences segments, while Sports remained flat. CEO Bob Iger highlighted the progress made over the past year.

Portfolio Pulse from Henry Khederian

November 13, 2023 | 7:24 pm

LI

Financial analysts have observed a bearish sentiment among options traders for Li Auto (NASDAQ:LI), with 80% of the unusual trades being puts. The trades suggest that big players anticipate Li Auto's stock to stay within $35.0 to $40.0. Li Auto, a Chinese NEV manufacturer, has seen its stock price increase by 3.03% to $38.08, with a high trading volume and potential overbought RSI readings. The company's next earnings release is expected in 105 days.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 7:15 pm