Streetbeat News

Earnings

ONTO

Onto Innovation's Q3 adjusted earnings per share of $0.96 beat the analyst consensus estimate of $0.95 by 1.05%. However, the company's quarterly sales of $207.19 million missed the analyst consensus estimate of $215.20 million by 3.72%. This represents a 28.89% decrease in earnings and an 18.51% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:24 pm

SVV

Savers Value Village has updated its FY23 total net sales from $1.51B to $1.49B, slightly below the estimated $1.51B. The company also adjusted its comparable store sales growth for fiscal 2023 from 5.0% to 4.0%. Other changes include an increase in net income from $23 million to $24 million, and adjusted net income from $98 million to $99 million. The number of GAAP-based diluted weighted average common shares outstanding was reduced from 160 million to 157 million.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:24 pm

HYFM

Hydrofarm Holdings Group (NASDAQ:HYFM) reported Q3 2023 earnings per share (EPS) of $(0.44), missing the analyst consensus estimate of $(0.15) by 193.33%. This is a 33.33% decrease from the same period last year. The company also reported quarterly sales of $54.17 million, missing the analyst consensus estimate of $55.72 million by 2.79%. This is a 26.95% decrease from the same period last year.

Portfolio Pulse from totan@benzinga.com

November 09, 2023 | 9:22 pm

SVV

Savers Value Village (NYSE:SVV) reported Q3 earnings of $0.16 per share, missing the analyst consensus estimate of $0.19 by 15.79%. The company also reported quarterly sales of $392.70 million, missing the analyst consensus estimate of $396.22 million by 0.89%.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:22 pm

NVTS

Navitas Semiconductor has projected its Q4 net revenues to be between $25M and $36M, which is higher than the estimated $24.91M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:22 pm

NVTS

Navitas Semiconductor reported Q3 adjusted EPS of $(0.04), with revenue of $22M, slightly above the estimated $21M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:21 pm

ITI

Iteris (NASDAQ:ITI) reported Q2 earnings of $0.01 per share, a 105.88% increase from last year. The company also reported quarterly sales of $43.56 million, beating the analyst consensus estimate of $41.52 million by 4.91%. This is a 10.96% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:21 pm

ACHR

Archer Aviation has provided financial estimates for Q4 2023, expecting GAAP total operating expenses of $100M-$110M and non-GAAP total operating expenses of $75M-$85M. The non-GAAP estimate reflects expected stock-based compensation, warrant expense and other one-time expenses of approximately $25M. The actual amount of these expenses during 2023 will significantly impact Archer's future GAAP financial results.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:21 pm

CPTN

Cepton (NASDAQ:CPTN) reported Q3 2023 earnings with losses of $(0.58) per share, beating the analyst consensus estimate of $(0.92) by 36.96%. However, the company's quarterly sales of $3.83 million missed the analyst consensus estimate of $5.12 million by 25.14%. Despite the miss, this represents a 112.47% increase over sales of $1.80 million from the same period last year.

Portfolio Pulse from saritha@benzinga.com

November 09, 2023 | 9:21 pm

FLUX

Flux Power Holdings (NASDAQ:FLUX) reported Q1 earnings with an EPS of $-0.13, in line with estimates. However, revenue was down $3.04 million from the same period last year. The company's past performance shows a trend of missing EPS estimates, which has previously led to a drop in share price.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 9:21 pm