Streetbeat News

Earnings

WWD

Woodward Inc. reported its Q4 adjusted earnings per share (EPS) at $1.33, surpassing the estimated $1.31. Net sales for the quarter were $777 million, also exceeding the expectations of $765.355 million.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:07 pm

ROST

Ross Stores forecasts a 1%-2% increase in same store sales for the 13 weeks ending January 27, 2024, indicating a positive outlook for the company's near-term performance.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:06 pm

ROST

Ross Stores has reiterated its prior sales guidance for Q4, emphasizing the need for a cautious approach in forecasting business due to the current market environment.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:05 pm

AMAT

Applied Materials reported Q4 2023 adjusted earnings per share (EPS) of $2.12, surpassing the estimated $2.00. Revenue for the quarter was $6.72 billion, also exceeding the forecast of $6.516 billion.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:04 pm

ROST

Ross Stores reported Q3 earnings of $1.33 per share, a 33% increase from $1.00 last year. Sales reached $4.92B, surpassing the $4.82B estimate and marking a 7.87% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:03 pm

AMAT

Applied Materials (AMAT) forecasts Q1 adjusted EPS of $1.72-$2.08, surpassing the estimated $1.69. Net sales are projected to be $6.07B-$6.87B, also exceeding the $5.86B estimate.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:03 pm

HIMX

Himax Technologies, Inc. (NASDAQ:HIMX) shares rose after reporting Q3 earnings that exceeded analyst estimates. Earnings per share were six cents, surpassing the expected four cents, despite being lower than the previous year's 17 cents. Sales also beat estimates, coming in at $238.50 million against the anticipated $229.38 million. The positive earnings report and the announcement of attending the UBS Global Technology Conference have contributed to the stock's upward trend.

Portfolio Pulse from Ryan Gustafson

November 16, 2023 | 8:50 pm

BZH

HD

RDFN

The housing market is showing slight signs of recovery, with top-income earners buying homes and sellers offering concessions. Redfin Corp reports an increase in mortgage applications by 2.5% this week. High-income buyers are active, with the average income of homebuyers at $107,000. Despite a pause in Fed rate hikes, high mortgage rates persist, affecting the housing market. Beazer Homes USA is set to release earnings with high expectations after a 30% stock increase in the past month. Home Depot reported strong earnings, boosting construction and home builder stocks.

Portfolio Pulse from Natan Ponieman

November 16, 2023 | 8:16 pm

SASI

Sigma Additive Solutions, Inc. (NASDAQ:SASI) stock fell sharply after reporting Q3 earnings. Despite a smaller loss per share than expected ($1.57 vs. $1.80 consensus), sales were significantly below expectations at $141,990 compared to the anticipated $560,000. This represents a 24.57% decrease from the previous year's sales. The stock experienced moderate fluctuations post-earnings before dropping over 33% on Thursday.

Portfolio Pulse from Ryan Gustafson

November 16, 2023 | 8:06 pm

GAMB

Gambling.com Group's (NASDAQ:GAMB) stock plummeted over 20% after its Q3 earnings report, despite a 19% revenue increase to $23.5 million and surpassing expectations. The company saw robust organic growth in North America and a 26% increase in new depositing customers. The launch of Casinos.com and expansion into Kentucky were also noted. Analysts remain bullish with a consensus Buy rating, but the stock drop suggests investor concerns. Shares are still up 15% YTD.

Portfolio Pulse from Aaron Bry

November 16, 2023 | 7:55 pm