Streetbeat News

Earnings

GRPN

Groupon Inc reported Q3 FY23 revenue of $126.5 million, missing the consensus of $129.6 million. North America and International revenues decreased due to a decline in engagement on the platform. Adjusted EPS loss of $(0.12) missed the consensus of $0.11. The company plans to raise around $100 million through equity rights offering and non-core asset sales. Groupon's co-founder Eric Lefkofsky is set to resign from the board. Following the news, Groupon shares traded lower by 32.27%.

Portfolio Pulse from Lekha Gupta

November 10, 2023 | 11:07 am

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) reported a 34.8% month-on-month increase in its consolidated revenue for October 2023, reaching NT$243.20 billion. This represents a 15.7% increase from October 2022. However, the revenue for January through October 2023 totaled NT$1,779.41 billion, a decrease of 3.7% compared to the same period in 2022.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:26 am

LEDS

SemiLEDs Corp has projected its Q1 revenue for the period ending November 30, 2023, to be approximately $1.5 million, with a possible variation of +/- 10%.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:05 am

LEDS

SemiLEDs (NASDAQ:LEDS) reported Q4 losses of $(0.18) per share, a 28% improvement from $(0.25) per share YoY. However, sales decreased by 10.64% to $1.45 million from $1.63 million YoY.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:03 am

AQN

Algonquin Power & Utilities Corp. (NYSE:AQN) is expected to release its Q3 financial results on Nov. 10, 2023. Analysts predict earnings of 12 cents per share, up from 11 cents per share in the previous year, and revenue of $670.67 million, up from $594.76 million. The company's shares fell 0.5% to close at $5.59 on Thursday. Recent analyst ratings include a price target cut from $9 to $8.5 by BMO Capital, a price target increase from $9.5 to $10 by Wells Fargo, and a downgrade from Hold to Sell by Desjardins.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 7:06 am

SLI

Standard Lithium (AMEX:SLI) reported a Q1 loss of $(0.11) per share, a significant decrease from the $(0.01) per share loss reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:10 am

SKYH

Sky Harbour Group (AMEX:SKYH) reported Q3 losses of $(0.01) per share, a 75% improvement from $(0.04) per share YoY. Sales for the quarter were $2.50M, a 480.51% increase from $431.00K YoY.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:08 am

TSBX

Turnstone Biologics (NASDAQ:TSBX) reported Q3 losses of $(1.00) per share, a 83.74% increase over losses of $(6.15) per share from the same period last year. The company's cash, cash equivalents and short-term investments stand at $109.1M.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:03 am

SPHR

Sphere Entertainment Co. (NYSE:SPHR) reported a $98.4 million operating loss from its Las Vegas Sphere venue for the quarter ending Sep. 30, 2023. The company's CFO, Gautam Ranji, has also resigned, although the company clarified that his departure was not due to any professional disagreement. Despite these challenges, the company reaffirmed its commitment to delivering long-term shareholder value.

Portfolio Pulse from Benzinga Neuro

November 10, 2023 | 6:03 am

PYR

PyroGenesis Canada (NASDAQ:PYR) reported Q3 losses of $(0.02) per share, a 10% decrease YoY. The company also reported a 36.38% decrease in sales to $2.76 million compared to $4.34 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 5:54 am