Streetbeat News

Earnings

BKD

Brookdale Senior Living has reported a sequential increase of 60 basis points in its weighted average occupancy for September 2023, reaching 78.2%.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:18 pm

SAR

Saratoga Investment (NYSE:SAR) reported Q2 earnings of $1.08 per share, in line with analyst consensus. This is an 86.21% increase YoY. The company also reported quarterly sales of $35.51M, beating the analyst consensus of $35.36M by 0.44%. This is a 62.51% increase YoY.

Portfolio Pulse from Happy Mohamed

October 09, 2023 | 8:08 pm

MDXH

MDxHealth has reported preliminary Q3 revenues of $19.3M, which represents a 73% increase year-over-year and a 15% increase sequentially. The estimated revenue was $17.11M.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:04 pm

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HSBC

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Hong Kong Broadband Network (HKBN Ltd.) has issued a profit warning, expecting a loss of HK$1.3 billion ($167 million) for the year ending August 2023 due to rising interest rates. The Hong Kong Interbank Borrowing Rate (HIBOR) has surged by over four times in 2023, increasing borrowing costs. This rise in HIBOR could impact earnings of property developers like China Evergrande Group, Country Garden Holdings Company Limited, and Longfor Holdings Group Limited, and companies with high borrowing rates like Swire Pacific Ltd. and New World Development Co Limited.

Portfolio Pulse from Daniel Harrison

October 09, 2023 | 7:25 pm

DIS

Needham analyst Laura Martin has reiterated a Hold rating on Walt Disney Co (NYSE:DIS) and lowered her Q4 2023 estimates for the company. The revision is due to lower expectations for Content Sales, Parks and Experiences, and Linear Networks, partially offset by higher revenue in the DTC segment. Martin's new estimates include a 4Q revenue of $21.4 billion, operating income of $2.8 billion, and adjusted EPS of $0.76. The analyst also projects FY23 revenue of $89.09 billion, FY24 revenue of $93.52 billion, and FY25 revenue of $97.76 billion.

Portfolio Pulse from Anusuya Lahiri

October 09, 2023 | 6:19 pm

IMAX

IMAX Corp's 3Q global box office earnings significantly exceeded analyst Mike Hickey's estimate, generating $347 million. The earnings achieved 141% of its pre-pandemic performance for the same quarter, indicating a strong recovery. Hickey maintained a Buy rating for IMAX and raised the price target from $23 to $24. However, IMAX shares traded lower by 2.14% at $19.40 on the last check.

Portfolio Pulse from Anusuya Lahiri

October 09, 2023 | 6:13 pm

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NIO

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NIO Inc's shares are trading lower due to strong sales numbers from China-based EV competitors. The China Passenger Car Association data shows that BYD Co, backed by Warren Buffett, is the biggest player in China, delivering 286,903 vehicles in September, up 40% YoY. Nio delivered 15,641 vehicles in September, with Q3 deliveries totaling 55,432. Nio lost about $35,000 per vehicle last quarter as it continues to invest in R&D. Nio shares are down about 16% since the start of the year.

Portfolio Pulse from Adam Eckert

October 09, 2023 | 5:35 pm

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PEP

PepsiCo is set to report its Q3 financial results on October 10, 2023, with analysts expecting a revenue of $23.43 billion and a profit of $2.15 per share. However, the company's sales and investor momentum could be affected by new weight loss drugs. Several analysts have lowered their price targets for PepsiCo, citing concerns about pricing, volume, and macro risks such as rising CPI levels and gas prices. PepsiCo's rival, The Coca-Cola Company, is also set to report earnings on October 24.

Portfolio Pulse from Chris Katje

October 09, 2023 | 4:49 pm

TYGO

Tigo Energy Inc's shares have fallen by around 20% following the company's weaker-than-expected Q3 FY23 preliminary financial results. The company has reduced its Q3 revenue outlook to $17 million-$18 million, down from the previously expected $41 million-$45 million. Tigo now anticipates an adjusted EBITDA loss for Q3, but the estimated amount will not be provided until the end of Q3. The company's backlog is projected to be within $66 million-$68 million as of Q3 FY23.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 4:03 pm

TYGO

Tigo Energy's shares are trading lower following the company's announcement of preliminary Q3 revenue below prior estimates.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:32 pm