Streetbeat News

Earnings

BTCUSD

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) reported Q3 revenue of $97.8 million, missing the consensus estimate of $99.702 million. However, revenues were up YoY, driven by a 467% increase in Bitcoin production and 32% higher Bitcoin prices. The company also reported earnings of 35 cents per share, a significant improvement from a loss of 62 cents per share in the prior year's quarter. The company's stock traded higher following the report and gained momentum as Bitcoin led the broader crypto market higher.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 2:51 pm

PLUG

TSLA

Plug Power Inc (NASDAQ:PLUG) is set to report its Q3 earnings, with expectations of a negative 30 cents in EPS and $237.92 million in revenue. The company is a key player in the Biden administration’s $7 billion federal grant program for clean hydrogen hubs. However, the company's stock has been downgraded by several analysts, and its stock price has fallen by about 60% over the past year.

Portfolio Pulse from Surbhi Jain

November 09, 2023 | 2:50 pm

GRAB

Grab Holdings Limited (NASDAQ:GRAB) reported a 61% YoY revenue growth in Q3 FY23, beating estimates with $615 million. The company also posted its first profitable EBITDA quarter. Revenue for the Deliveries segment rose 79% YoY, while Mobility revenue was up 31% YoY. Financial Services revenue rose 156% YoY. The company raised its FY23 revenue outlook to $2.31 billion - $2.33 billion.

Portfolio Pulse from Anusuya Lahiri

November 09, 2023 | 2:49 pm

ASTR

ATRA

EVA

GVH

INBS

TMPO

U.S. stocks traded mostly flat following the release of jobless claims data. The Dow traded down 0.02%, the NASDAQ rose 0.01%, and the S&P 500 fell 0.01%. Energy shares rose by 0.8% while health care shares fell by 1%. U.S. initial jobless claims fell by 3,000 to 217,000. Astra Space, Intelligent Bio Solutions, and Globavend Holdings saw significant increases in their shares. Tempo Automation Holdings, Atara Biotherapeutics, and Enviva saw significant decreases.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 2:43 pm

CZR

LVS

MGM

WYNN

Wynn Resorts Ltd (NASDAQ:WYNN) is set to report its Q3 earnings on Nov. 9. Analysts will focus on the company's revenue from Macau, following a 316% YoY increase in Macau gross gaming revenue. Wynn is expected to report 78 cents in EPS and $1.58 billion in revenue for the quarter. However, the stock may experience volatility due to a strike declared by the Culinary Workers Union. The stock is rated a Buy by Wall Street analysts, with a $108.50 consensus price target.

Portfolio Pulse from Surbhi Jain

November 09, 2023 | 2:43 pm

HMC

Honda Motor Co Ltd (NYSE:HMC) reported a 17.1% Y/Y increase in Q2 FY24 sales revenue to ¥4.98 trillion. The company's Automobile business, Motorcycle business, and Financial Services business saw Y/Y revenue increases of 23.9%, 10.7%, and 3.2% respectively. Despite a decline in Motorcycle unit sales, Automobile unit sales rose. The company's operating profit and profit for the period attributable to owners of the parent also increased. Honda raised its FY24 sales outlook and lowered the outlook for unit sales. HMC shares are trading lower by 1.87% at $31.27.

Portfolio Pulse from Lekha Gupta

November 09, 2023 | 2:40 pm

Weibo Corp reported a 3% YoY decline in Q3 FY23 revenue to $442.2 million, slightly missing the consensus of $442.4 million. Adjusted EPS of $0.53 also missed the consensus of $0.55. Despite the revenue fall, the company saw strong user growth with MAUs increasing by 21 million YoY to 605 million. The company's stock has lost 38.3% YTD and traded lower by 0.41% at $12.01 on the last check.

Portfolio Pulse from Anusuya Lahiri

November 09, 2023 | 2:39 pm

BTE

FANG

STNG

VLO

Benzinga Insights has identified five value stocks in the energy sector that may be worth watching: Scorpio Tankers (STNG), Diamondback Energy (FANG), Valero Energy (VLO), Suncor Energy (SU), and Baytex Energy (BTE). The selection is based on low P/E multiples, indicating that these companies may be undervalued. Recent earnings per share and dividend yield changes for each company are also reported.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 2:39 pm

CWBHF

TSX:CWEB

Charlotte's Web Holdings, Inc. reported a 16% YoY decrease in Q3 2023 revenue to $14.3 million, including a drop in direct-to-consumer and business-to-business retail net revenues. The company attributes the decline to regulatory ambiguities and competitive pressures in the CBD market. The company's gross profit was $7.9 million, down from $8.9 million in Q3 2022. The company also reported a net loss of $15.2 million, up from $7.6 million in the same quarter of 2022.

Portfolio Pulse from Jelena Martinovic

November 09, 2023 | 2:37 pm

MPAA

Motorcar Parts of America (MPAA) reported Q2 adjusted EPS of $0.48, beating the estimate of $0.17.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:36 pm