Streetbeat News

Earnings

UCL

Ucloudlink Group (NASDAQ:UCL) reported Q3 sales of $23.90M, slightly missing the $24.00M estimate, but showing a 31.22% increase from $18.21M in the same period last year. Adjusted net income rose significantly to $3.8M from $0.6M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:04 am

AAPL

Apple Inc. has released the sixth beta of its visionOS for the upcoming Vision Pro mixed reality headset, featuring new onboarding videos to assist users. The videos demonstrate navigation techniques using hand and eye movements, and the creation of a 3D 'Persona' for FaceTime calls. The increased build number suggests a stable version is near, with a store release expected by early 2024. Apple aims to boost revenue with the Vision Pro headset as it faces competition from Meta's Quest 3 VR headset.

Portfolio Pulse from Ananya Gairola

November 15, 2023 | 8:36 am

TGT

Target Corporation (NYSE:TGT) is expected to report lower Q3 earnings at $1.48 per share compared to $1.54 per share in the year-ago period, with revenue estimated at $25.31 billion, down from $26.52 billion. The company is also closing nine stores in the U.S. Target's stock closed up 4.3% at $110.79 on Tuesday. Analysts have recently updated their price targets, with B of A Securities upgrading to Buy and setting a target of $135, while others have maintained or lowered their targets.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 8:16 am

EGIO

Edgio (NASDAQ:EGIO) reported Q3 EPS of $(0.07), which was in line with analyst estimates, and sales of $97.04M, slightly beating the $96.28M estimate. However, this represents a 19.90% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:54 am

SBEV

Splash Beverage Group (AMEX:SBEV) reported Q3 earnings with a loss of $(0.13) per share, missing the $(0.11) estimate, and sales of $5.10M, falling short of the $7.92M estimate. Despite these misses, there was a slight increase in losses and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:52 am

SGML

Sigma Lithium reported Q3 sales of $97.00M and a net income of $36.4M, a significant improvement from a net loss of $18.8M in the same quarter of the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:50 am

TRNR

Interactive Strength (NASDAQ:TRNR) reported a significant improvement in its Q3 earnings, with a loss of $(0.73) per share compared to a loss of $(30.16) per share in the same quarter of the previous year, marking a 97.58% increase in earnings.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:43 am

LIFW

MSP Recovery (NASDAQ:LIFW) experienced a significant decrease in sales for Q3, reporting $440.00K, down 94.71% from $8.32M in the same quarter last year. The company also reported an adjusted net loss of $13.4M, which is slightly less than the $13.56M net loss from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:27 am

CYBN

Cybin Inc. reported a Q2 net loss of C$11.9 million, compared to a net loss of C$10 million in the same quarter last year. The company has C$18.1 million in cash on hand.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:11 am

ELIQ

Electriq Power Holdings (NYSE:ELIQ) reported a significant reduction in its Q3 losses per share to $(0.74) from $(6.65) YoY, but also experienced a substantial decrease in sales to $834.00K from $5.99M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:00 am