Streetbeat News

Earnings

ONTX

Onconova Therapeutics (NASDAQ:ONTX) is scheduled to release its quarterly earnings report on Tuesday, 2023-11-14, with analysts expecting an EPS of $-0.29. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has reacted negatively to past earnings reports, even when beating EPS estimates. Shares are currently trading at $0.64, down 22.3% over the last 52 weeks, indicating general dissatisfaction among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:01 pm

TIVC

Tivic Health Systems, Inc. (NASDAQ:TIVC) shares surged on heavy trading volume ahead of its Q3 financial results report, despite no company-specific news. The company is expected to report a loss of $7.00 per share and revenue of $780 thousand. Tivic Health Systems is a health technology company with its first commercial product, ClearUP Sinus Relief, designed for non-invasive sinus pain and congestion relief.

Portfolio Pulse from Erica Kollmann

November 13, 2023 | 4:54 pm

FTRE

Fortrea shares have seen an increase in trading after the company reported third-quarter results that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:51 pm

MNDY

Monday.Com's stock is trading higher following the release of their Q3 results, which surpassed expectations. The company also provided a positive outlook with strong guidance for future performance.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:50 pm

CURLF

GTBIF

MRMD

PLNH

TCNNF

TRSSF

VRNOF

The recent earnings reports from eight major Multi-State Operators (MSOs) in the cannabis industry show mixed results on revenue and EBITDA, but the standout detail is the positive Cash Flow from Operations (CFFO) in Q3. Most companies beat consensus projections for CFFO, with tax deferrals being a significant driver. Investors are advised to focus on CFFO rather than revenue or EBITDA, and to distinguish between repeatable cash flows and future cash outflows due to deferred payments. The Viridian Cannabis Deal Tracker provides insights into capital raise and M&A activity in the cannabis sector.

Portfolio Pulse from Viridian Capital Advisors

November 13, 2023 | 4:47 pm

RLX

RLX Technology's stock price has increased following the announcement of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:46 pm

ABT

DXCM

MDT

PEN

PODD

TNDM

Medical device and diabetes care stocks are trading higher following the presentation of SELECT data by Novo Nordisk. Raymond James commented that the data presented did not contain major surprises and could be considered as 'modestly de-risking' for the sector.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:38 pm

STNE

StoneCo Ltd (NASDAQ:STNE) stock is trading higher after reporting Q3 earnings of 27 cents per share, surpassing the consensus estimate of 22 cents. Sales reached $643.35 million, also beating the estimate of $610.17 million. The stock saw heavy trading volume with over 7.9 million shares traded, compared to the 100-day average of 4.574 million shares. The positive earnings report has led to a 10% increase in STNE's stock price to $11.83.

Portfolio Pulse from Erica Kollmann

November 13, 2023 | 4:37 pm

STNE

StoneCo's stock price is on the rise following the release of their third-quarter financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:37 pm

HSIC

MNDY

MNTK

TTI

Monday.com Ltd. (MNDY) reported Q3 earnings that surpassed expectations, with adjusted EPS of $0.64 compared to the estimated $0.20, and sales of $189.19 million against the forecasted $182.36 million. The company expects Q4 revenue between $196 million and $198 million, and FY23 revenue between $723 million and $725 million. MNDY shares rose 9.9% to $154.03. Other stocks also moved higher, including Montauk Renewables (MNTK), TETRA Technologies (TTI), and Henry Schein (HSIC), following upgrades, partnerships, and positive earnings reports.

Portfolio Pulse from Lisa Levin

November 13, 2023 | 4:30 pm