Streetbeat News

Earnings

AEVA

Aeva Technologies reported Q3 2023 adjusted EPS of $(0.13), beating the estimate of $(0.15) by 13.33%. However, the company's sales of $810.00K missed the estimate of $840.00K by 3.57%. This represents a 7.14% increase in losses and a 41.05% decrease in sales compared to the same period last year.

Portfolio Pulse from saritha@benzinga.com

November 08, 2023 | 9:05 pm

BARK

BARK, a pet product company, reported its Q2 results with an adjusted loss of $0.01 per share, beating the estimated loss of $0.03 per share. However, the company's sales of $123.00M fell short of the estimated $124.05M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:04 pm

G

Genpact (NYSE:G) reported Q3 earnings of $0.76 per share, beating the analyst consensus estimate of $0.73 by 4.11%. However, the company's quarterly sales of $1.14 billion missed the analyst consensus estimate of $1.17 billion by 2.80%.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:04 pm

BOXL

Boxlight reported Q3 losses of $(1.90) per share, missing the analyst consensus estimate of $0.34 by 658.82 percent. This is a 891.67 percent decrease from the same period last year. The company also reported quarterly sales of $47.96 million, missing the analyst consensus estimate of $59.74 million by 19.72 percent, a 30.22 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:01 pm

PSNY

Polestar Automotive (NASDAQ:PSNY) reported Q3 sales of $613.18 million, missing the analyst consensus estimate of $705.57 million by 13.09 percent. However, this represents a 40.82 percent increase over sales of $435.45 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:01 pm

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