Streetbeat News

Earnings

GRNQ

KMX

MEDS

ORMP

SPCE

SWBI

XAIR

US stocks traded lower on Friday, with the Dow Jones dropping around 250 points. CarMax reported better-than-expected Q1 results, while TRxADE HEALTH, Greenpro Capital, and Smith & Wesson Brands saw their shares rise. Beyond Air, Virgin Galactic, and Oramed Pharmaceuticals experienced declines.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 1:51 pm

CISS

C3is reported Q1 revenue of $3.15 million.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:18 pm

KMX

Carmax executive stated during a conference call that they expect Q2 and full-year margins for this year to be similar to last year's figures, given the current environment.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:11 pm

CGC

Canopy Growth Corporation reported a 21% decline in net revenue for FY2023, primarily due to increased competition in the Canadian adult-use cannabis market and divestitures. The company also announced remedial actions against BioSteel, including management changes and personnel actions, after identifying material misstatements in prior financial statements.

Portfolio Pulse from Vuk Zdinjak

June 23, 2023 | 12:35 pm

IONQ

MMM

SWBI

3M enters a broad class resolution to support PFAS remediation for public water suppliers with a commitment of up to $10.3B over 13 years. Smith & Wesson Brands reports Q4 adjusted earnings of $0.32, beating estimates, and increases dividend by ~20%. IonQ raises 2023 bookings expectations to $50M at midpoint, anticipating doubling bookings from the prior year.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 12:34 pm

ACST

Acasti Pharma (NASDAQ:ACST) reported Q4 adjusted EPS of $(0.11), in line with analyst consensus estimates, representing a 175% decrease from $(0.04) per share in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 12:33 pm

KMX

CarMax Inc (NYSE:KMX) reported a Q1 FY23 sales decline of 17.4% YoY to $7.69 billion, beating analyst consensus of $7.53 billion. Adjusted EPS of $1.16 beat the consensus estimate of $0.79. CarMax shares were trading higher by 7.89% at $84.50 in premarket on Friday.

Portfolio Pulse from Shivani Kumaresan

June 23, 2023 | 12:26 pm

ACST

Acasti Pharma (NASDAQ:ACST) reported Q4 earnings with in-line EPS of $-0.11 and revenue down $0 from the same period last year. Last quarter, the company beat EPS estimates by $0.02, followed by a 3.69% drop in share price the next day.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 12:20 pm

ALK

JEPQ

MTZ

ORCL

CNBC's 'Halftime Report Final Trades' featured recommendations for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Oracle Corporation (ORCL), Alaska Air Group (ALK), and MasTec, Inc. (MTZ). Oracle recently cut jobs and positions in its health unit, while Alaska Airlines announced a partnership with CLEAR. MasTec posted positive Q1 results but lowered its FY23 earnings outlook.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 12:04 pm

ACST

Acasti Pharma reported Q4 losses of $(0.95) per share, a 2275% decrease from $(0.04) YoY. The company's cash balance stands at $27.9 million, down from $43.7 million last year.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 11:47 am