Streetbeat News

Earnings

ERIC

Ericsson has announced an impairment charge of SEK 32 billion and provided an update on its Q3 earnings, which it expects to be in line with guidance.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:00 pm

ETWO

HYLN

PHIO

SILK

TPST

VJET

U.S. stocks traded mixed with the Dow Jones falling and NASDAQ and S&P 500 rising. Real estate shares surged while energy shares fell. Tempest Therapeutics, Phio Pharmaceuticals, and voxeljet AG saw significant increases in their shares. Silk Road Medical, E2open Parent Holdings, and Hyliion Holdings saw significant drops in their shares. Producer prices in the U.S. increased 0.5% month-over-month in September, above market expectations.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 4:38 pm

RGF

The Real Good Food Company reported preliminary Q3 financial results and issued FY23 and Q4 Revenue guidance below estimates. The company also announced the commencement of a public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:10 pm

ETWO

E2open reported its Q2 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:04 pm

SILK

Silk Road Medical has announced preliminary Q3 revenue results that are below estimates. The company also issued FY23 revenue guidance that is lower than expected.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 3:45 pm

AZZ

SHCR

VOXX

Several US stocks traded higher on Wednesday, with notable gains recorded by Sharecare, Scilex Holding Company, VOXX International Corp, Golden Heaven Group Holdings, American Battery Technology Company, Exscientia, Empire State Realty OP, AZZ Inc., Dada Nexus Limited, Novavax, Harmony Gold Mining Company, HUTCHMED, Sify Technologies Limited, Beneficient, and Groupon. Sharecare's surge followed a preliminary non-binding proposal for acquisition by Claritas Capital. VOXX and AZZ Inc. reported stronger-than-expected sales and results for their second quarter, respectively.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 3:42 pm

DAL

Delta Air Lines, Inc. (NYSE:DAL) is expected to report higher Q3 earnings at $1.94 per share, up from $1.51 per share a year ago. The company's revenue is projected to be $14.54 billion, compared to $12.87 billion in the same period last year. Delta's shares gained 1.6% to close at $35.83 on Tuesday. Several analysts have revised their ratings and price targets for the company ahead of the earnings call.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 3:04 pm

BAER

DAL

EAF

GEO

VRTV

The article discusses notable value stocks in the industrials sector, including Veritiv (VRTV), Bridger Aerospace Gr (BAER), GEO Group (GEO), Delta Air Lines (DAL), and GrafTech International (EAF). These companies are considered undervalued based on their low P/E multiples. The article also provides updates on each company's earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:41 pm

LXFR

Luxfer Holdings PLC (NYSE:LXFR) shares dropped by around 15% following the company's Q3 FY23 preliminary results. The company expects Q3 net sales of $97 million and adjusted earnings per share of about $0.04, both lower than the street view. The company attributes the lower performance to macroeconomic challenges and supply chain disruptions. LXFR is planning a turnaround strategy, including a headcount reduction program. The company's full-year 2023 results are expected to be significantly lower than previous guidance.

Portfolio Pulse from Lekha Gupta

October 11, 2023 | 2:26 pm

BYRN

Byrna Technologies (NASDAQ:BYRN) is set to release its latest quarterly earnings report on October 12, 2023. Analysts estimate an earnings per share (EPS) of $0.01. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $2.7, down 56.59% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:01 pm