Streetbeat News

Earnings

MSC

Studio City Intl Hldgs (NYSE:MSC) reported Q3 2023 adjusted EPS of $(0.11), a 74.6% improvement from $(0.44) YoY. Sales also increased significantly to $137.59M from $(2.79M) YoY.

Portfolio Pulse from totan@benzinga.com

November 07, 2023 | 1:06 pm

GEN

Gen Digital has projected its Q3 revenue to be between $950M and $960M, with an EPS of $0.49-$0.51.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:06 pm

ADTN

DDOG

OLO

UIS

Several IT stocks showed significant movement in Tuesday's pre-market session. Unisys, Datadog, Alteryx, Matterport, RingCentral, and GSE Systems saw increases, with Unisys leading with a 22.5% increase. On the other hand, Olo, Adtran, Powerbridge Technologies, Sanmina, BIO-key Intl, and Remark Hldgs saw decreases, with Olo leading the decline at 12.5%. These movements were largely driven by the release of Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 1:06 pm

MLCO

Melco's Q3 2023 earnings per share (EPS) of $(0.25) did not meet the estimated $0.03. Additionally, the company's revenue of $1.017B fell short of the $1.026B estimate.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:06 pm

GLDD

Great Lakes Dredge & Dock (NASDAQ:GLDD) reported Q3 losses of $(0.09) per share, beating the analyst consensus estimate of $(0.11) by 18.18%. However, the company's quarterly sales of $117.19 million missed the analyst consensus estimate of $136.83 million by 14.36%. This represents a 25.99% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:06 pm

TGNA

TEGNA Inc. expects a mid-to-high teens percent decrease in Q4 2023 revenue due to the absence of $179M of high-margin political revenue reported in Q4 2022. The company's total non-GAAP operating expenses are projected to increase by a low-single digit percent, while non-GAAP operating expenses excluding programming are expected to decrease by a low-single digit percent.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:05 pm

CORR

CorEnergy Infrastructure Trust has projected its capital expenditures to be between $11.5M and $12.5M. The company also expects its adjusted EBITDA to be in the range of $24M to $26M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:05 pm

FSTR

L.B. Foster has revised its FY23 revenue guidance from $520M - $550M to $530M - $540M, which is slightly below the estimated $541.04M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:05 pm

GEN

Gen Digital reported Q2 adjusted earnings of $0.47 per share, in line with analyst consensus. This is a 4.44% increase from the same period last year. The company's quarterly sales of $948.00 million beat the analyst consensus estimate of $945.10 million by 0.31%, a 26.74% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:04 pm

ASC

Ardmore Shipping (NYSE:ASC) reported Q3 adjusted earnings of $0.49 per share, beating the analyst consensus estimate of $0.41 by 19.51%. However, this is a 68.18% decrease from the same period last year. The company also reported quarterly sales of $86.94 million, beating the analyst consensus estimate of $59.11 million by 47.08%, but this is a 38.95% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:04 pm