Streetbeat News

Earnings

BLK

OXY

Occidental Petroleum Corp (OXY) reported Q3 FY23 revenue of $7.40 billion, beating consensus estimates. Production exceeded guidance, with Permian volumes at the high end of guidance. Pre-tax income was $2.0 billion, down from $3.3 billion a year ago. The company has completed around 60% of its $3.0 billion share repurchase program. BlackRock Inc (BLK) plans to invest $550 million in OXY's STRATOS project in Texas.

Portfolio Pulse from Lekha Gupta

November 08, 2023 | 12:17 pm

CRGE

Charge Enterprises (NASDAQ:CRGE) reported Q3 2023 earnings per share (EPS) of $(0.05), in line with analyst consensus. However, the company's quarterly sales of $132.28M missed the estimate of $143.78M by 8.00%. This represents a 200% decrease in EPS and a 28.83% decrease in sales compared to the same period last year.

Portfolio Pulse from vinayak@benzinga.com

November 08, 2023 | 12:17 pm

TNGX

Tango Therapeutics reported a Q3 cash position of $360 million, which provides the company with a cash runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:16 pm

VERI

Veritone has revised its FY23 revenue forecast to $126.4M-$128.0M, down from the previous estimate of $128M-$135M. The company also expects a non-GAAP net loss of $36M-$37M, higher than the previous range of $28M-$33M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:16 pm

EVGO

EVgo has updated its full year 2023 guidance, raising its sales forecast from $120-150 million to $148-158 million. The company also expects to have a total of 3,400 – 3,700 DC fast charging stalls in operation or under construction by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:15 pm

TNGX

Tango Therapeutics (NASDAQ:TNGX) reported Q3 losses of $(0.23) per share, beating the analyst consensus estimate of $(0.34) by 32.35%. The company's quarterly sales were $10.73 million, surpassing the analyst consensus estimate of $7.32 million by 46.61%. This represents a 55.09% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:15 pm

RDCM

Radcom has reiterated its FY23 revenue guidance of $50M-$53M, which is in line with the estimated $51.11M. The company's progress in business strategy and sales engagements underlines the value of its advanced technology and business strength.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:15 pm

KRNT

Kornit Digital has projected its 4Q23 revenues to be between $55M-$60M, which is lower than the consensus estimate of $65.8M. The company also expects its adjusted EBITDA margin to be between -6% and 0%.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:14 pm

PFGC

Performance Food Group Company (PFGC) expects its Q2 sales to be between $14 billion and $14.3 billion, which is slightly lower than the estimated $14.4 billion.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:14 pm

PFGC

Performance Food Group Company (PFGC) has projected its FY24 sales to be between $59 billion and $60 billion, compared to the estimated $59.43 billion.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:13 pm