Streetbeat News

Earnings

ADTX

CMMB

CRMD

GRPH

GTBP

HRTX

HSCS

KNTE

SILO

SLDB

TIVC

VREX

In Wednesday's pre-market session, several healthcare stocks showed significant movement. Chemomab Therapeutics, Heart Test Laboratories, Kinnate Biopharma, Heron Therapeutics, Solid Biosciences, and Cormedix experienced gains, with Chemomab leading at a 65.6% increase. On the losing side, Graphite Bio, SILO Pharma, GT Biopharma, Tivic Health Systems, Aditxt, and Varex Imaging saw their stock prices fall, with Graphite Bio dropping by 14.6%. The movements were largely attributed to recent Q3 and Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 1:06 pm

AIRE

ARQQ

BKYI

BLBX

BOXL

INPX

MOB

MOVE

ONDS

PRSO

PRST

QMCO

In Wednesday's pre-market session, several IT stocks showed significant movement. BIO-key Intl, Mobilicom, Presto Automation, Boxlight, Ondas Holdings, and Quantum saw their shares rise, with Ondas Holdings releasing Q3 earnings. Conversely, ReAlpha Tech Corp, Movano, Blackboxstocks, Inpixon, Peraso, and Arqit Quantum experienced declines in their stock prices, with Movano, Blackboxstocks, Inpixon, and Peraso also releasing their Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 1:06 pm

GFF

Griffon Corporation projects its FY24 revenue to be $2.6 billion, aligning with market consensus, and anticipates an Adjusted EBITDA of $525 million.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:06 pm

TCEHY

Tencent Holding Ltd (OTC:TCEHY) reported Q3 revenue of $21.5 billion, missing the $21.9 billion consensus. Despite this, non-IFRS operating profit rose 36% Y/Y to $7.7 billion, with margins increasing from 29% to 36%. Non-IFRS EPS was RMB4.657, against a consensus of $0.57. Revenue growth was seen across various segments, with VAS up 4% Y/Y, International Games up 14% Y/Y, Online Advertising up 20% Y/Y, and FinTech and Business Services up 16% Y/Y. Adjusted EBITDA increased by 26% Y/Y, and free cash flow surged 85% Y/Y. The company is focusing on high margin revenue streams and investing in AI. FY23 revenue and EPS consensus are $85.68 billion and $2.02, respectively. TCEHY shares closed up 2.06% at $40.68 on Tuesday.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 1:05 pm

GFF

Griffon Corporation (NYSE:GFF) reported Q4 adjusted EPS of $1.19, surpassing the consensus estimate of $1.02 by 16.67%. However, sales of $641.38M fell short of the expected $653.00M, a 1.78% miss and a 9.53% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:03 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is up in sympathy with JD.Com, Inc (NYSE:JD) despite JD's mixed Q3 results, with revenue missing but earnings beating estimates. The China Securities Regulatory Commission (CSRC) is scrutinizing Alibaba's logistics arm, Cainiao Network Technology, for details on its business dependency on Alibaba and plans for spin-off listings of Alibaba's other businesses. Cainiao, which has been approved for a Hong Kong IPO, is being questioned about its shareholder structure, compliance with regulations, and its relationship with Alibaba.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 12:57 pm

SYPR

Sypris Solutions reported a narrower Q3 loss of $(0.03) per share compared to $(0.10) per share in the same quarter last year. Sales increased by 33.34% to $33.60M from $25.20M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:49 pm

HIW

MPW

OUT

Analysts have provided ratings for high-yield dividend stocks in the real estate sector. Medical Properties Trust (MPW) was downgraded by JP Morgan and Raymond James, with a missed revenue consensus. Highwoods Properties (HIW) maintained ratings from Morgan Stanley and Credit Suisse, with better-than-expected sales. OUTFRONT Media (OUT) kept an Equal-Weight rating from Morgan Stanley and a Buy rating from Citigroup, with better-than-expected EPS results.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 12:47 pm

CDRO

Codere Online has raised its 2023 net gaming revenue forecast to €155M-€165M. This update suggests a positive outlook for the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:40 pm

THCH

TH International (NASDAQ:THCH) reported a narrower adjusted EPS loss of $(0.09) in Q3, improving from $(0.10) YoY. Sales increased by 39.18% to $59.81M from $42.98M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:39 pm