Streetbeat News

Earnings

CDLX

Cardlytics shares are trading lower following the company's worse-than-expected Q3 sales results.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:11 pm

TRMD

TORM has revised its FY23 TCE earnings forecast from the range of $1.050B-$1.175B to a narrower range of $1.075B-$1.125B. The new forecast is in line with the estimated $1.1B.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:10 pm

AZN

AstraZeneca reported Q3 FY23 core EPS of $1.73, up 4% Y/Y, beating consensus estimates. Total revenue was $11.49 billion, missing analyst estimates. The company raised its annual earnings forecast and announced an exclusive license agreement with Eccogene for potential obesity treatment, ECC5004. Eccogene will receive an initial upfront payment of $185 million and up to an additional $1.825 billion in future milestone payments. AstraZeneca also reported positive results from the EMERALD-1 Phase 3 trial of Imfinzi. AZN shares are up 2.27% in premarket trading.

Portfolio Pulse from Vandana Singh

November 09, 2023 | 2:10 pm

APO

FTNT

WYNN

On CNBC's 'Halftime Report Final Trades', Stephanie Link of Hightower recommended Fortinet, Inc. (FTNT), Joseph Terranova of Virtus Investment Partners picked Apollo Global Management, Inc. (APO), and Jim Lebenthal of Cerity Partners named Wynn Resorts, Limited (WYNN) ahead of its quarterly earnings. Fortinet recently reported mixed quarterly results, while Apollo recently acquired a majority stake in Modern Aviation. Wynn Resorts is expected to post quarterly earnings of 75 cents per share on revenue of $1.59 billion.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 2:10 pm

TDG

TransDigm Group Incorporated (NYSE:TDG) has announced the acquisition of the Electron Device Business of Communications & Power Industries for $1.385 billion in cash. The acquisition is expected to close by the end of TransDigm's third fiscal quarter of 2024. TransDigm also declared a special cash dividend of $35.00 on each outstanding share of common stock. The company expects fiscal 2024 net sales of $7.48 billion-$7.68 billion and Adjusted EPS of $31.00-$32.94.

Portfolio Pulse from Shivani Kumaresan

November 09, 2023 | 2:09 pm

TRMD

TORM's Q3 2023 revenue was reported at $244.4M, surpassing the estimate of $232.987M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:08 pm

PFIN

P & F Industries reported Q3 losses of $(0.23) per share, a 187.5% decrease YoY. Sales also decreased by 0.77% to $14.40 million compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:04 pm

LI

Li Auto Inc (NASDAQ: LI) reported Q3 FY23 revenue growth of 271.2% YoY to $4.75 billion, beating the consensus of $4.59 billion. Vehicle sales increased 271.6% to $4.61 billion, mainly due to the increase in vehicle deliveries. Total vehicle deliveries were 105,108 units in Q3, a 296.3% YoY increase. The company expects Q4 FY23 revenue of $5.27 billion - $5.40 billion, representing an increase of 117.9% - 123.1% YoY.

Portfolio Pulse from Anusuya Lahiri

November 09, 2023 | 2:03 pm

TAST

Carrols Restaurant reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:02 pm

STXS

Stereotaxis (AMEX:STXS) reported Q3 losses of $(0.07) per share, missing the analyst consensus estimate of $(0.06) by 16.67%. The company also reported quarterly sales of $7.80 million, missing the analyst consensus estimate of $8.28 million by 5.81%. This represents a 1.85% increase over sales of $7.66 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:01 pm