Streetbeat News

Earnings

AVAL

BENF

BLND

CANO

KODK

MAXN

MKFG

PGEN

SENS

VLD

Several stocks recorded losses in Friday's pre-market trading session. Cano Health, Maxeon Solar Technologies, Markforged Holding Corporation, Grupo Aval Acciones y Valores, Velo3D, Blend Labs, Senseonics Holdings, Eastman Kodak Company, Beneficient, and Precigen all saw their shares fall. The declines were largely due to worse-than-expected Q2 financial results and lower-than-expected revenue guidance.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 11:03 am

ITRM

Iterum Therapeutics reported Q2 losses of $(0.77) per share, beating the analyst consensus estimate of $(0.80) by 3.75%. However, this represents a 63.83% increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 11:02 am

BFRI

Biofrontera reported Q2 losses of $(7.23) per share, missing the analyst consensus estimate of $(5.14) by 40.66%. This is a 50.63% decrease over losses from the same period last year. The company also reported quarterly sales of $5.85 million, missing the analyst consensus estimate of $5.86 million by 0.20%. However, this is a 31.21% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 11:01 am

MBRX

Moleculin Biotech reported Q2 losses of $(0.20) per share, beating the analyst consensus estimate of $(0.28) by 28.57%. This is a 16.67% increase over losses from the same period last year. The company had cash and cash equivalents of $32.2 million as of June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:51 am

SPB

Spectrum Brands (SPB) anticipates that some of the short-term demand headwinds will persist into Q4.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:34 am

SPB

Spectrum Brands has maintained its FY23 earnings framework but expects net sales to decline by mid single-digits. Excluding investment income, the company anticipates its adjusted EBITDA to be down low to mid single-digits.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:33 am

SPB

Spectrum Brands Holdings (NYSE:SPB) reported Q3 adjusted earnings of $0.75 per share, beating the analyst consensus estimate of $0.57 by 31.58%. However, the company's quarterly sales of $735.50 million missed the analyst consensus estimate of $780.97 million by 5.82%. This represents a 10.09% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:30 am

TSAT

Telesat Corp has reiterated its FY23 revenue forecast of $511.11M-$525.93M, which is lower than the estimated $566.71M. The company also expects its Adjusted EBITDA to be between $500M and $515M in 2023. Due to the Telesat Lightspeed contract, the company's cash flows used in investing activities are expected to be in the range of $175M to $225M.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:17 am

TSAT

Telesat (NASDAQ:TSAT) reported Q2 earnings of $7.49 per share, a significant increase from losses of $(0.13) per share YoY. However, sales decreased by 8.50% to $133.81 million from $146.24 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:12 am

NYC

American Strategic (NYSE:NYC) reported Q2 FFO of $(0.74) per share, a 15.91% increase YoY. However, the company's quarterly sales of $15.78 million missed the analyst consensus estimate of $16.13 million by 2.17%, marking a 2.78% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:04 am