Streetbeat News

Earnings

TRIP

TripAdvisor reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:43 pm

TGLS

Tecnoglass Inc (NYSE:TGLS) reported a 4.4% Y/Y revenue growth to $210.7 million, beating the consensus of $207.6 million, and adjusted EPS of 98 cents, beating the consensus of 97 cents. The company tightened its FY23 sales outlook to $835 million-$848 million and revised the adjusted EBITDA outlook to $300 million-$308 million. The company has a dividend yield of 1.19%, which is a quarterly dividend amount of 9 cents a share. However, the company's shares fell 12.1% to close at $30.13 on Monday.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:42 pm

MMC

SPY

Marsh & McLennan Companies Inc. (NYSE:MMC) is showing a strong performance with a 146% increase over the last five years, outpacing the 73% return of the SPDR S&P 500 ETF (NYSE:SPY). The company has grown earnings by an average of 18% per year over the last five years and is expected to grow earnings by 11% per year going forward. MMC is also buying back shares with a buyback yield of 1% and offers a 1.5% dividend. The stock is currently trading at one of its lowest P/E ratios in the last five years.

Portfolio Pulse from Cory Mitchell

November 07, 2023 | 1:41 pm

DDOG

OLPX

PXMD

PaxMedica (PXMD) announced the publication of its Autism Spectrum Disorder Phase 2 study results. Olaplex Holdings (OLPX) reported Q3 adjusted EPS of $0.05, beating the $0.04 estimate, and sales of $123.60M, beating the $116.65M estimate. Datadog (DDOG) reported Q3 2023 EPS of $0.45, beating the $0.34 estimate, and revenue of $547.536M, beating the $524.125M estimate.

Portfolio Pulse from ryanfaloona@benzinga.com

November 07, 2023 | 1:38 pm

NTWK

NETSOL Technologies (NASDAQ:NTWK) reported Q1 earnings of $0.003 per share, a 105% increase YoY. The company also reported $14.24M in sales, a 12.09% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:38 pm

MFA

MFA Financial (NYSE:MFA) reported Q3 losses of $(0.64) per share, a 3.23% decrease YoY. The company also reported sales of $46.14 million, a 11.76% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:37 pm

INZY

Inozyme Pharma reported Q3 losses of $(0.29) per share, beating the analyst consensus estimate of $(0.32) by 9.38 percent. This represents a 23.68 percent increase over losses from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:33 pm

EXPD

Expeditors has reported its Q3 2023 GAAP EPS at $1.16, missing the estimate of $1.28. The company's revenue was $2.19B, also falling short of the $2.305B estimate.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:33 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) announced its unaudited mining and operations updates for October 2023, revealing a 173.4% increase in Bitcoin mined compared to October 2022. The company's Gedu Datacenter in Bhutan contributed to this strong performance, providing a 3.3EH/s hash rate and mining 211 Bitcoins. Bitdeer is also advancing the construction of a 175MW immersion cooling datacenter at its Tydal, Norway mining facility, expected to be completed in 2025.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:32 pm

SNTI

VTYX

Several stocks are experiencing significant pre-market movements. Senti Biosciences, Tharimmune, TransMedics Group, GSE Systems, Unisys Corporation, Alteryx, Augmedix, Color Star Technology, CF Acquisition Corp. IV, and Tripadvisor reported gains due to various reasons such as strategic collaborations, licensing agreements, better-than-expected Q3 results, and strong FY23 revenue guidance. On the other hand, Ventyx Biosciences, Alto Ingredients, MSP Recovery, Coherus BioSciences, Ameresco, Aura Biosciences, Clover Health Investments, Trevena, Tenon Medical, and NanoString Technologies reported losses due to reasons such as disappointing trial results, mixed Q3 results, and weak quarterly sales.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:28 pm