Streetbeat News

Earnings

QLYS

Qualys reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:27 pm

UI

Ubiquiti reported a year-over-year decrease in Q1 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:23 pm

KWR

Quaker Houghton reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:18 pm

AMZN

SHOP

Shopify Inc (NYSE:SHOP) reported strong Q3 results, with revenue growing 25% YoY to $1.71 billion and net income of $718 million. The company also raised its Q4 guidance. Shopify's shares surged more than 21% following the report. The company has also announced a partnership with Amazon.com Inc (NASDAQ:AMZN) that allows Shopify merchants to use Amazon's Prime delivery service. Shopify also launched Shop AI, an AI-driven marketplace that challenges Amazon's platform.

Portfolio Pulse from Upwallstreet

November 03, 2023 | 6:18 pm

AAPL

GOOG

MSFT

Apple Inc. reported a 1% YoY drop in revenue to $89.5 billion for the September quarter, marking the fourth consecutive quarter of contraction. The company's hardware business, except for the iPhone, saw a decline in demand, with significant drops in the iPad and Mac segments. Revenue from greater China also fell 2.5% to $15.08 billion. However, services revenue rose 16.3% to $22.31 billion, and net income for the quarter was $22.96 billion. For the fiscal year ending in September, Apple saw a 3% decline in sales to $383.29 billion. The company expects flat revenue for the current quarter.

Portfolio Pulse from Upwallstreet

November 03, 2023 | 6:15 pm

DIA

IWM

QQQ

SPY

Major indexes are showing positive performance following the release of October jobs data. Investors are also considering the implications of the Federal Reserve's recent rate decision and earnings reports from major US companies.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:12 pm

MNMD

Mind Medicine (MindMed) (NASDAQ:MNMD) has reported its Q3 2023 financial results, showing a 17.2% decrease in cash and cash equivalents from the end of 2022, but a mild 0.6% increase from Q2 2023. The company's R&D expenses increased by 69.2% YoY, while G&A expenses decreased by 8.7%. MindMed's net loss for the quarter was $17.9 million, an 8.5% increase from the same period in 2022. The company believes its current cash and committed credit facility will fund operations into 2026, if certain milestones are achieved. Key upcoming milestones include the results of Phase 2b and Phase 2 studies on LSD molecule MM-120 for adults with Generalized Anxiety Disorder and ADHD, respectively, and a Phase 1 study of MM-402 targeting Autism Spectrum Disorder.

Portfolio Pulse from Lara Goldstein

November 03, 2023 | 6:12 pm

LOPE

Grand Canyon Education's shares are trading higher following the company's Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:12 pm

PCTY

Paylocity shares are trading lower following the company's Q1 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:03 pm

FIVN

Five9 reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:02 pm