Streetbeat News

Earnings

DDD

3D Systems Corporation reported a Q2 revenue decline of 8.5% YoY to $128.2 million, missing the consensus of $134 million. The company also reported an adjusted EPS of $(0.07), missing the consensus loss of $(0.05). The company lowered its FY23 revenue outlook to $525 million - $545 million from the prior expectation of $545 million and $575 million. DDD shares are trading lower by 7.73% at $7.46.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 6:51 pm

EOG

EOG Resources reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:46 pm

QDEL

QuidelOrtho shares are trading lower despite reporting better-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:40 pm

DOCS

Doximity, Inc. (NYSE:DOCS) shares fell over 20% after the company issued Q2 and full-year 2023 revenue guidance below estimates, despite beating Q1 earnings and sales estimates. The company also received several analyst downgrades and lowered price targets.

Portfolio Pulse from Ryan Gustafson

August 09, 2023 | 6:37 pm

SSYS

Stratasys Ltd (NASDAQ:SSYS) reported a Q2 FY23 revenue decline of 4.08% YoY to $159.8 million, beating the consensus of $153.2 million. Adjusted EPS of $0.04 beat the $(0.03) consensus. The company reiterated its positive outlook for FY23 and beyond, despite the revenue decline. However, SSYS shares are trading lower by 6.44%.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 6:35 pm

ATSG

Susquehanna analyst Christopher N. Stathoulopoulos has reiterated a positive rating on Air Transport Services Group, Inc (ATSG), raising the price target to $26 from $18. The analyst views ATSG's decision to control capex amid an uncertain macroeconomic backdrop as prudent. ATSG's Q2 earnings beat estimates, and the FY23 adjusted EBITDA estimate has been slightly raised to $613 million. However, ATSG shares are trading lower by 1.19% to $22.43.

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2023 | 6:33 pm

NSYS

Nortech Systems reported Q2 earnings per share (EPS) of $0.22, down from $0.25 year over year (YoY). However, sales increased to $35.02 million, up from $32.52 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:32 pm

APRN

Blue Apron Holdings, Inc (NYSE:APRN) reported a Q2 FY23 sales decline of 14.5% YoY to $106.3 million, missing the consensus of $109.4 million. Orders fell 17.5% YoY, while the average order value rose 12.7% to $75.66. The company expects FY23 net revenue of $410.0 million - $415.0 million vs consensus $405.69 million. APRN shares traded lower by 4.24% at $5.42 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 6:31 pm

MNK

Mallinckrodt's shares have dropped following its Q2 results. The company is in discussions with the opioid disbursement trust and its funded debt creditors to analyze various proposals regarding debt obligations.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:26 pm

GRWG

GrowGeneration shares fell after the company reported disappointing Q2 financial results and issued FY23 revenue guidance below estimates. Lake Street also reduced its price target from $6 to $5 on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:11 pm