Streetbeat News

Earnings

CANO

Cano Health (NYSE:CANO) reported Q2 losses of $(0.51) per share, missing the analyst consensus estimate of $(0.12) by 325 percent. This is a 1600 percent decrease from the same period last year. The company also reported quarterly sales of $766.70 million, missing the analyst consensus estimate of $828.43 million by 7.45 percent. However, this is an 11.22 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:17 pm

APYX

Apyx Medical's shares are trading lower following the company's mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:16 pm

EYEN

Eyenovia reported Q2 losses of $(0.16) per share, beating the analyst consensus estimate of $(0.17) by 5.88 percent. This is a 27.27 percent increase over losses of $(0.22) per share from the same period last year.

Portfolio Pulse from bharat@benzinga.com

August 10, 2023 | 8:16 pm

VLD

Velo3D's shares are trading lower following the company's disappointing Q2 financial results and the announcement of a $70 million offering of senior secured convertible notes.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:16 pm

NWS

News Corp (NASDAQ:NWS) reported Q4 earnings of $0.14 per share, beating the analyst consensus estimate of $0.09 by 55.56%. However, the company's quarterly sales of $2.43 billion missed the analyst consensus estimate of $2.48 billion by 2.02%. This represents a 62.16% decrease in earnings and a 9.12% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:15 pm

XOS

Xos (NASDAQ:XOS) reported Q2 earnings per share (EPS) of $(0.14), missing the analyst consensus estimate of $(0.11) by 27.27%. This is a 133.33% decrease from the same period last year. The company also reported quarterly sales of $4.75 million, missing the analyst consensus estimate of $11.35 million by 58.11%, a 51.32% decrease from the same period last year.

Portfolio Pulse from bharat@benzinga.com

August 10, 2023 | 8:15 pm

ABNB

BKNG

REK

Airbnb (NASDAQ:ABNB) is facing city restrictions in various jurisdictions, including New York, New Orleans, and Dallas, which could impact its bottom line. These restrictions are driven by the belief that short-term rentals contribute to the housing crisis. Despite this, Airbnb's stock has climbed over 60% in 2023, and Q2 earnings beat analyst expectations with an 18% revenue increase. However, shares dropped 2.1% in the five trading days post-results. The restrictions could also affect competitor Booking Holdings Inc (NASDAQ:BKNG). ProShares Short Real Estate (NYSE:REK) was up 0.49% to $20.19 on Thursday.

Portfolio Pulse from Natan Ponieman

August 10, 2023 | 8:15 pm

ATGE

Adtalem Global Education (NYSE:ATGE) reported Q4 earnings of $1.03 per share, beating the analyst consensus estimate of $0.97 by 6.19%. However, this is a 21.37% decrease from last year's earnings. The company also reported quarterly sales of $364.64 million, beating the estimate of $356.40 million by 2.31%, a 0.94% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:15 pm

PGY

Pagaya Technologies has released its Q3 and FY23 outlook. The company expects Q3 revenue to be between $190M-$200M, lower than the estimated $207.83M. For FY23, the revenue is projected to be between $775M-$825M, which is in line with the estimated $805.37M. The company is also raising its outlook for Network Volume and Adjusted EBITDA.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 8:14 pm

MAXN

Maxeon Solar reported mixed Q2 financial results and issued Q3 and FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:14 pm