Streetbeat News

Earnings

LGVN

Longeveron (LGVN) has reported Q3 cash and short-term investments of $2M, which is expected to cover expenses and capital requirements until the first quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:34 pm

SHCO

Soho House & Co reported a Q3 EPS of $(0.22).

Portfolio Pulse from Bill Haddad

November 10, 2023 | 12:33 pm

SHCO

Soho House & Co reported Q3 total revenues of $301M, slightly below the estimated $306.256M.

Portfolio Pulse from Bill Haddad

November 10, 2023 | 12:32 pm

LGVN

Longeveron (NASDAQ:LGVN) reported Q3 losses of $(0.28) per share, missing the analyst consensus estimate of $(0.22) by 27.27 percent. This is a 12 percent decrease over losses from the same period last year. The company also reported quarterly sales of $150.00 thousand, missing the analyst consensus estimate of $200.00 thousand by 25.00 percent, a 43.40 percent decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:31 pm

DEO

Diageo PLC (DEO) shares fell by around 13% after the company warned about weak H1 FY24 results. The company expects slower growth in H1 FY24 than H2 FY23 due to a weaker performance outlook in Latin America and Caribbean. Total organic net sales are projected to fall by over 20% Y/Y, and total organic operating profit to decline Y/Y. However, DEO expects an improvement in H1 organic net sales growth vs. H2 FY23 in North America and Africa and continued momentum in Europe and Asia Pacific.

Portfolio Pulse from Lekha Gupta

November 10, 2023 | 12:15 pm

AQN

ARM

DIS

SHCO

STNE

US stocks closed lower on Thursday, with the S&P 500 ending an eight-session winning streak due to an increase in bond yields. The Walt Disney Company (NYSE:DIS) shares gained 6.9% after reporting better-than-expected Q4 earnings, while Arm Holdings plc (NASDAQ:ARM) shares fell over 5% after issuing Q2 financial results and guidance. Investors are awaiting earnings results from StoneCo Ltd. (NASDAQ:STNE), Soho House & Co Inc. (NYSE:SHCO) and Algonquin Power & Utilities Corp. (NYSE:AQN).

Portfolio Pulse from Lisa Levin

November 10, 2023 | 12:11 pm

MAG

MAG Silver reported Q3 earnings per share (EPS) of $0.09, up from $0.08 year over year (YoY). The company's sales also increased to $125.05K from $49.72K YoY.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:08 pm

PLUG

QQQ

SPY

US stocks are expected to open lower on Friday due to concerns over interest rates and disappointing earnings reports. Federal Reserve Chair Jerome Powell's comments on inflation and interest rates have increased market uncertainty. Powell suggested another rate hike may be necessary if inflation doesn't pull back at a faster pace. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) fell. Stocks in focus include Plug Power, Inc. (NASDAQ:PLUG), which plunged over 29% in premarket trading following its third-quarter miss and “going concern” warning.

Portfolio Pulse from Shanthi Rexaline

November 10, 2023 | 12:08 pm

AQN

CEPU

DXYN

INUV

LEDS

LGVN

RGF

SHCO

STNE

Several companies are scheduled to report their earnings on November 10, 2023. These include Dixie Gr, The Real Good Food, Algonquin Power, SemiLEDs, Longeveron, Inuvo, Soho House, Central Puerto, and StoneCo. The companies are expected to report varying results, with some expected to report losses.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 12:02 pm

AUMN

Golden Minerals (AMEX:AUMN) reported Q3 losses of $(0.38) per share, beating the analyst consensus estimate of $(0.50) by 24 percent. This is a 24 percent increase over losses of $(0.50) per share from the same period last year. The net operating margin was negative $0.8M.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:55 am