Streetbeat News

Earnings

OCFT

OneConnect Financial Technology Co., Ltd. (OCFT) reported an improvement in Q3 adjusted EPS to $(0.346) from $(0.50) YoY, and a significant increase in sales to $116.60 billion, surpassing the $135.00 million estimate. This represents an 86.27K percent beat on the sales estimate and a 74.52K percent increase from the previous year's sales.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:38 pm

AGRO

Adecoagro reported an 87.6% increase in adjusted net income for Q3, reaching $88.6 million compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:35 pm

MKFG

Markforged (MKFG) is maintaining its FY23 revenue guidance of $90M-$95M, which is below the estimated $105.49M. The company cites an uncertain macro environment and high cost of capital affecting customer purchases. Non-GAAP gross margins are expected to remain within 47%-48%. Markforged is focusing on profitable growth and has announced a reorganization to save $9-$12 million annually in opex starting in 2024, with one-time restructuring costs of about $0.9 million. The operating loss for the year is projected to be $59-$61 million, and the Non-GAAP EPS loss is expected to be $0.26-$0.28, including restructuring costs.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:34 pm

EGLX

Enthusiast Gaming reported a Q3 EPS of $(0.38), a decline from $(0.25) YoY. Revenue was $45.6M, which did not meet the estimated $48.963M. This indicates a weaker financial performance than expected for the quarter.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:33 pm

NXGL

NexGel (NASDAQ:NXGL) reported a narrower Q3 loss of $(0.10) per share compared to $(0.22) per share in the same quarter last year, showing a 54.55% improvement. Sales for the quarter increased by 114.96% to $1.22 million from $568.00 thousand in the same period last year.

Portfolio Pulse from bharat@benzinga.com

November 13, 2023 | 9:32 pm

Lufax reported a significant decrease in total income and net profit for Q3, with income dropping to RMB8,050 million from RMB13,193 million YoY, and net profit falling to RMB131 million from RMB1,355 million YoY.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:32 pm

MKFG

Markforged Holding (NYSE:MKFG) reported Q3 earnings with a loss of $(0.26) per share, significantly missing the $(0.08) estimate, and sales of $20.07M, slightly below the $20.12M estimate. This represents a 225% increase in losses and a 20.36% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:32 pm

ASUR

BAER

BWEN

HLMN

IDEX

JAN

NOTE

PIXY

RDW

SUNW

XOS

In Monday's after-market session, several industrial stocks saw movement. Redwire, Broadwind, Ideanomics, Sunworks, and FiscalNote Holdings experienced gains, with Redwire leading at a 5.3% increase. Conversely, Asure Software, Bridger Aerospace Gr, JanOne, Hillman Solns, ShiftPixy, and Xos saw declines, with Asure Software dropping the most at 12.4%. Earnings reports were a common factor affecting these stock movements.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 9:31 pm

ATNF

AZTA

HROW

OWLT

After Monday's after-market session, several healthcare stocks experienced significant movements. Gainers included 180 Life Sciences (ATNF), Kronos Bio (KRON), Monopar Therapeutics (MNPR), Azenta (AZTA), PaxMedica (PXMD), and Spero Therapeutics (SPRO), with increases ranging from 6.3% to 15.8%. Losers were Harrow (HROW), Beyond Air (XAIR), Senti Biosciences (SNTI), Inspire Veterinary (IVP), Owlet (OWLT), and Hepion Pharmaceuticals (HEPA), with declines between 8.22% and 23.9%. Earnings reports were a common driver of these movements.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 9:31 pm

AIRE

CYN

GSIT

HOLO

HTCR

PRSO

In Monday's after-market session, ReAlpha Tech Corp (AIRE) saw a significant increase of 52.1%, while HeartCore Enterprises (HTCR) experienced the largest drop of 9.8%. Other notable gainers included MicroCloud Hologram (HOLO), Cyngn (CYN), Akerna (KERN), Infobird Co (IFBD), and GSI Technology (GSIT). On the losing side were Peraso (PRSO), SEALSQ (LAES), OMNIQ (OMQS), Porch Group (PRCH), and AEye (LIDR), with their stocks declining after their Q3 earnings reports were released.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 9:30 pm