Streetbeat News

Earnings

SPCE

Virgin Galactic Holdings Inc (NYSE:SPCE) reported Q2 revenue of $1.87 million, missing the consensus estimate of $2.69 million. The company reported an adjusted loss of 46 cents per share, beating analyst estimates for a loss of 51 cents per share. The loss was wider than the prior year, primarily due to increased R&D expenses. The company's cash position remains strong, with $980 million as of June 30. Virgin Galactic anticipates revenue of approximately $1 million in both Q3 and Q4.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 10:30 am

UIS

Unisys (NYSE:UIS) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $(0.40) by 122.5%. However, this is a 62.5% decrease from the same period last year. The company also reported quarterly sales of $476.80 million, beating the analyst consensus estimate of $463.17 million by 2.94%, but this is a 7.42% decrease from the same period last year.

Portfolio Pulse from totan@benzinga.com

August 04, 2023 | 10:30 am

BLKB

Blackbaud (NASDAQ:BLKB) reported Q2 earnings of $0.98 per share, beating the analyst consensus estimate of $0.93 by 5.38%. However, the company's quarterly sales of $271.04 million missed the analyst consensus estimate of $272.65 million by 0.59%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:29 am

QUAD

Quad/Graphics, Inc. (QUAD) has reaffirmed its financial guidance for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:29 am

CMBM

Cambium Networks Corporation (CMBM) has projected its Q3 adjusted EPS to be between $0.13 and $0.25, lower than the estimated $0.32. The company also expects its revenues to be between $62M and $70M, which is less than the estimated $84.72M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:29 am

AMD

AMD has projected its Q3 2023 Non-GAAP gross margin to be approximately $51%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:29 am

TEX

Terex Corporation has raised its FY23 outlook, with EPS now expected to be around $7.00, up from the previous range of $5.60-$6.00, and beating estimates of $6.02. The company also increased its revenue forecast from $4.8B-$5B to approximately $5.1B, surpassing estimates of $4.94B.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 10:29 am

JBT

John Bean Techs (NYSE:JBT) reported Q2 adjusted earnings of $0.97 per share, missing the analyst consensus estimate of $1.18 by 17.8%. This is a 14.16% decrease from the same period last year. The company also reported quarterly sales of $427.70 million, missing the analyst consensus estimate of $589.14 million by 27.40%. This is a 21.13% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:29 am

QUAD

Quad/Graphics reported Q2 earnings of $0.02 per share, a decrease of 84.62% YoY. The company's quarterly sales were $703.10 million, missing the analyst consensus estimate of $724.10 million by 2.90%. This represents a 7.21% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:29 am

INCY

Incyte Corporation's Q2 adjusted EPS reached $0.99, beating analysts' estimate of $0.87. Q2 revenues increased by 25% Y/Y to $954.61 million, surpassing the consensus of $920.18 million. Jakafi product revenues grew 14% Y/Y to $682 million. Opzelura's revenues of $80 million grew 384% Y/Y. Analyst Matt Phipps maintains an Outperform rating for Incyte, but notes the company's heavy reliance on Jakafi sales/royalties and its patent expiration in mid-2028 as ongoing issues.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 10:29 am