Streetbeat News

Earnings

LCID

Lucid Group, Inc. (NASDAQ:LCID) reported below-consensus Q3 revenue and lowered its 2023 production guidance, causing a drop in stock price. Despite this, Needham analyst Chris Pierce reiterated a Buy rating on the stock, lowering his price target from $9 to $5. Pierce's optimism is based on Lucid's industry-leading battery and drive-train technology. Lucid delivered 1,457 vehicles and produced 1,550 vehicles in Q3, and lowered its delivery guidance from 10,000+ units to 8,000-8,500 units.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 1:17 pm

NVCT

Nuvectis Pharma reported Q3 losses of $(0.37) per share, missing the analyst consensus estimate of $(0.34) by 8.82 percent. This is an 11.9 percent increase over losses from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:10 pm

K

WK Kellogg has projected its standalone adjusted net sales for FY23 to be between $2.72 billion and $2.74 billion.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:10 pm

NVCT

Nuvectis Pharma (NASDAQ:NVCT) reported Q3 earnings, missing estimated earnings by 8.82% with an EPS of $-0.37 versus an estimate of $-0.34. Revenue was down $0 from the same period last year. Last quarter, the company also missed on EPS by $0.09, which was followed by a 0.4% increase in the share price the next day.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 1:10 pm

GBLI

Global Indemnity Group's Q3 2023 adjusted EPS was $(0.05), missing the $0.65 estimate. The company's revenue was $126.061M, also missing the $146.000M estimate.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:10 pm

SWX

Southwest Gas Holdings has revised its FY23 net income guidance to $215M-$225M, up from the previous $205M-$215M. This assumes $3M-$5M of COLI earnings.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:09 pm

K

WK Kellogg reported Q3 earnings per share (EPS) of $0.49, with net sales of $692 million and standalone adjusted net sales of $684 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:09 pm

EBAY

eBay Inc. (NASDAQ:EBAY) reported Q3 adjusted earnings of $1.03 per share, beating the consensus estimate of 94 cents per share. Revenue of $2.50 billion was in line with consensus. The company forecasts Q4 earnings of $1.00 to $1.05 per share on revenue of $2.47 billion to $2.53 billion, and FY23 earnings of $4.17 to $4.22 per share on revenue of $10.02 billion to $10.08 billion. eBay offers an annual dividend yield of 2.45%, which is a quarterly dividend amount of 25 cents per share. To earn $500 per month from dividends, an investment of approximately $244,620 or around 6,000 shares is needed.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 1:07 pm

PEPG

PepGen (NASDAQ:PEPG) reported Q3 losses of $(0.98) per share, missing the analyst consensus estimate of $(0.88) by 11.36%. This is a 24.05% decrease over losses of $(0.79) per share from the same period last year. The company ended Q3 with cash and cash equivalents of $129.5M, with a cash runway expected into 2025.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:06 pm

K

Kellanova has provided its Q4 2023 guidance, projecting net sales of approximately $3.1 billion and an operating profit of $380-$390 million on an adjusted basis. The company also expects earnings per share of $0.73-$0.76, implying a modest decline versus the prior year due to higher interest rates and lower pension income. This will be the first reporting period for Kellanova as a stand-alone company, following the spin-off of WK Kellogg Co.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:06 pm