Streetbeat News

Earnings

AEVA

Aeva Technologies reported Q3 2023 adjusted EPS of $(0.13), beating the $(0.15) estimate. However, the company's revenue of $810K fell short of the $840K estimate.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 8:49 pm

PAM

Pampa Energia reported Q3 2023 earnings per share (EPS) of $2.80, down from $3.23 year over year. The company's revenue of $474M missed the estimate of $537.060M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 8:45 pm

NXPI

Mizuho analyst Vijay Rakesh reiterated a Neutral rating on NXP Semiconductors (NXPI), lowering the price target to $210 from $225. Despite beating Q3 earnings and sales estimates, NXPI is expected to face headwinds due to slowing auto orders and continued weakness in China. The analyst also adjusted the company's December quarter and FY24 and FY25 estimates downwards. NXPI shares are trading lower by 1.54% to $182.94.

Portfolio Pulse from Nabaparna Bhattacharya

November 08, 2023 | 8:38 pm

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) shares are trading lower by 6.3% ahead of the company's third-quarter earnings report. The stock may also be falling in sympathy with peer Bitcoin miner Riot Platforms after the company reported worse-than-expected third-quarter financial results. Cryptocurrency-related stocks are known for their high volatility and investors might become more risk-averse and sell off related stocks, such as Marathon Digital Holdings, to limit their exposure to the sector's volatility.

Portfolio Pulse from Henry Khederian

November 08, 2023 | 8:22 pm

INSP

Inspire Medical Systems Inc (NYSE:INSP) reported Q3 earnings with sales of $153.3 million, up 40% Y/Y, beating the consensus of $154.45 million. The company increased its FY23 revenue guidance to $608 million-$612 million. Mizuho Securities noted a temporary revenue shortfall due to a discontinued pilot program. Despite concerns over potential near-term impacts on its growth trajectory and competition from GLP-1 therapies, analysts view the current dip in share price as an investment opportunity. INSP shares are down 18.90% at $131.20.

Portfolio Pulse from Vandana Singh

November 08, 2023 | 8:21 pm

AMC

AMC Entertainment Holdings, Inc (NYSE:AMC) is expected to report a loss of 38 cents per share on revenues of $1.17 billion for Q3. The company's stock fell over 2% ahead of the earnings announcement. Wedbush maintained a Neutral rating on AMC and lowered the price target from $19 to $11. The firm is optimistic that AMC could post positive guidance for Q4 due to the success of Taylor Swift’s 'Eras Tour Concert' Movie and Beyonce’s upcoming movie release. From a technical analysis perspective, AMC’s stock looks bullish heading into the event.

Portfolio Pulse from Melanie Schaffer

November 08, 2023 | 8:17 pm

COTY

DA Davidson analyst Linda Bolton Weiser reiterated a Buy rating on Coty Inc (NYSE:COTY) and raised the price target from $15 to $17. Coty reported Q1 FY24 sales growth of 18% YoY to $1.64 billion, beating the consensus estimate of $1.58 billion. E-commerce sales were up more than 25% YoY. Coty issued 33 million shares to facilitate ownership by European investors and build liquidity in Europe. The company expects to repurchase 27 million shares in Q3. FY24 is expected to be the third consecutive year of double-digit organic sales growth and EBITDA growth of 8% or higher.

Portfolio Pulse from Shivani Kumaresan

November 08, 2023 | 8:16 pm

AMZN

WBD

Warner Bros. Discovery (NASDAQ:WBD) shares fell after Q3 financial results showed a 2% YoY revenue increase to $9.98 billion, but a loss of 700,000 streaming subscribers. The company plans to leverage its 'underused' franchises, including a reboot of the 'Harry Potter' series, to boost future success. However, the new show may not be available until 2025 or 2026. The company is also working on a rebranding of DC Comics and a new slate of movies and TV shows.

Portfolio Pulse from Chris Katje

November 08, 2023 | 8:06 pm

MQ

Marqeta, Inc. (NASDAQ:MQ) reported better-than-expected Q3 revenue results, leading to a rise in its stock price by over 22%. However, the company reported a quarterly loss of 10 cents per share, slightly worse than the analyst consensus estimate. Susquehanna analyst James Friedman initiated coverage on Marqeta with a Positive rating and a price target of $9.

Portfolio Pulse from Ryan Gustafson

November 08, 2023 | 8:05 pm

DIS

Walt Disney Company (NYSE:DIS) is set to release its Q4 financial results. The stock was trading mostly flat ahead of the announcement. In Q3, Disney reported adjusted EPS of $1.03 on revenue of $22.33 billion, beating the EPS estimate but missing the revenue estimate. For Q4, analysts estimate earnings per share of 68 cents on revenues of $20.13 billion. JPMorgan analyst Philip Cusick maintained an Overweight rating on Disney and lowered the price target from $125 to $120. From a technical analysis perspective, Disney’s stock looks bullish.

Portfolio Pulse from Melanie Schaffer

November 08, 2023 | 8:01 pm