Streetbeat News

Earnings

NUVL

Nuvalent (NASDAQ:NUVL) reported Q3 earnings with an EPS of $-0.59, missing estimates by 1.72% compared to the expected $-0.58. Revenue was unchanged from the same period last year. Previously, the company beat EPS estimates by $0.02 but experienced a 1.01% share price drop the following day.

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November 14, 2023 | 2:30 pm

MLTX

MoonLake (NASDAQ:MLTX) reported Q3 earnings with an EPS of $-0.18, beating estimates by 21.74% but with no change in revenue from the same period last year. The previous quarter's EPS beat was followed by a 2.95% stock price increase the next day.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:30 pm

IPWR

Ideal Power Inc. reported a Q3 2023 loss per share of $(0.44), which is a decrease from the $(0.28) loss per share in the same quarter the previous year. The company's revenue was $1.557K, falling short of the estimated $200K.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:25 pm

IPWR

Ideal Power (NASDAQ:IPWR) reported Q3 earnings with an EPS of $-0.44, missing estimates by 10.0% compared to the expected $-0.4. Revenue declined by $9 thousand from the same period last year. In the previous quarter, the company beat EPS estimates by $0.05, which led to a 5.56% share price increase the following day.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:25 pm

ONON

On Holding AG (NYSE:ONON) shares fell despite Q3 earnings and sales beating estimates and raising FY23 revenue outlook. Q3 adjusted EPS was $0.226, above the $0.16 estimate, and sales were $543.746 million, surpassing the $515.37 million consensus. Sales grew 46.5% Y/Y, with increased gross profit and margin. However, adjusted EBITDA margin slightly decreased, and the company anticipates reduced growth from new wholesale channel doors starting Q4 due to strategic closures in the EMEA region. Early holiday shipments will also affect Q4, making comparisons difficult. FY23 net sales outlook was raised to CHF 1.79 billion, with a gross profit margin expectation of at least 59.0%. ONON shares dropped 3.24% to $25.70 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 2:16 pm

HD

A Home Depot executive reported that 7 out of their 14 merchandising departments, including Plumbing, Appliances, and Hardware, have posted comparable sales above the company's average.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:16 pm

RDI

Reading International (NASDAQ:RDI) reported Q3 earnings with an EPS of -$0.2, missing estimates by 600% compared to the expected $0.04. Revenue increased by $15.37 million from the same period last year. The company's previous earnings miss resulted in a 5.22% share price drop the following day.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:15 pm

EBIX

Ebix (NASDAQ:EBIX) reported Q3 earnings with an EPS of $-0.11, significantly missing the estimated $0.07. Revenue also declined to $138.68 million from the same period last year. The company's stock price had previously dropped by 31.87% following an EPS miss last quarter.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:15 pm

SHPH

Shuttle Pharmaceuticals reported a Q3 2023 EPS of $(0.11), a decrease from the $(0.10) reported in the same quarter of the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:14 pm

TERN

Terns Pharma (NASDAQ:TERN) reported Q3 earnings with an EPS of $-0.42, missing estimates by 40.0% compared to the expected $-0.3. The company's revenue was unchanged from the same period last year. Following the last quarter's earnings beat of $0.09, TERN's share price dropped by 13.73% the next day.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:10 pm