Streetbeat News

Earnings

UWMC

UWM Holdings Corp (NASDAQ:UWMC) reported Q3 earnings with revenue of $677.116 million, beating the consensus estimate of $517.069 million. The company also reported quarterly earnings of 15 cents per share, surpassing estimates of 6 cents per share. The company ended the quarter with approximately $900 million in cash and self-warehouse and approximately $2.9 billion of liquidity. UWM Holdings expects Q4 production to be in the range of $19 billion to $26 billion and full-year production to be between $103 billion and $110 billion. The company's board declared a cash dividend of 10 cents per share.

Portfolio Pulse from Adam Eckert

November 08, 2023 | 3:52 pm

ARRY

Array Technologies reported lower than expected Q3 revenue and issued FY23 revenue guidance below estimates. Goldman Sachs also lowered its price target on the stock from $36 to $31.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:50 pm

UA

UAA

Under Armour Inc reported flat sales for Q2 FY24 at $1.567 billion, slightly missing the analyst consensus estimate. The company's EPS was $0.24, beating the consensus estimate of $0.21. However, Under Armour has cut its FY24 revenue outlook to be down 2% - 4%, previously expected to be flat or slightly up. Despite this, UAA shares are trading higher by 3.33%.

Portfolio Pulse from Shivani Kumaresan

November 08, 2023 | 3:47 pm

DDOG

Datadog Inc's Q3 earnings beat estimates, leading to a surge in its share price and sparking optimism among analysts. Analysts from Truist Securities, RBC Capital Markets, Wedbush, Guggenheim Securities, and KeyBanc Capital Markets all expressed positive views on the company's performance and future prospects, with several raising their price targets.

Portfolio Pulse from Priya Nigam

November 08, 2023 | 3:46 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares dropped in premarket trading following disappointing Q3 results. Analysts from Cantor Fitzgerald, RBC Capital Markets, and Guggenheim Securities highlighted issues such as a revenue miss, lowered full-year production guidance, and lack of new products to boost margins. The company's shares lost 5.81% to reach $4.04 in premarket trading.

Portfolio Pulse from Priya Nigam

November 08, 2023 | 3:43 pm

JKHY

Jack Henry & Associates reported better-than-expected Q1 revenue results and raised its FY24 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:39 pm

WBD

Warner Bros. Discovery, Inc (NASDAQ:WBD) reported a Q3 FY23 revenue growth of 1% to $9.98 billion, missing the consensus of $10.00 billion. The company's EPS loss of $(0.17) also missed the consensus loss of $(0.06). Despite the record-breaking performance of Barbie, the company's stock fell by 15.60% after the report. The company's total DTC subscribers decreased by 0.7 million to 95.1 million at the end of Q3.

Portfolio Pulse from Anusuya Lahiri

November 08, 2023 | 3:39 pm

WBD

Warner Bros. Discovery reported Q3 2023 earnings per share (EPS) of $(0.17), missing the estimate of $(0.06). The company's revenue was $9.979M, falling short of the $10B estimate.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:36 pm

GIB

CGI reported its Q4 financial results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:34 pm

GILD

Gilead Sciences' shares are trading lower following the release of their Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:34 pm