Streetbeat News

Earnings

PODD

Insulet Corporation (NASDAQ:PODD) reported Q3 sales of $432.7 million, up 27.0%, beating the consensus of $414.383 million. The company also reported an adjusted EPS of $0.71, beating the consensus of $0.40. Insulet raised its FY23 revenue growth forecast to 26%-27% and expects total Omnipod growth between 29% and 30%. The company also received FDA clearance for the Omnipod 5 app on Apple iOS and plans to integrate Omnipod 5 with the Dexcom G7 by early 2024.

Portfolio Pulse from Vandana Singh

November 03, 2023 | 1:57 pm

PRLB

Protolabs (NYSE:PRLB) reported Q3 FY2 revenue growth of 7.4% YoY to $130.71 million, beating the consensus of $122.77 million. The company posted an adjusted EPS of $0.51, an improvement from $0.40 in 3Q22, beating the consensus of $0.30. The gross margin expanded by 130 bps to 45.4%, and the operating margin expanded by 300 bps to 7.9%. Revenue from the digital network was $22.6 million, an increase of 86.9% YoY. PRLB shares are trading higher by 23% at $29.89.

Portfolio Pulse from Akanksha Bakshi

November 03, 2023 | 1:56 pm

D

ENB

Enbridge Inc (ENB) reported Q3 FY23 adjusted EPS of C$0.62, lower than C$0.67 a year ago. However, in USD terms, EPS of $0.46 beat the consensus of $0.44. Sales of $7.34 billion missed the consensus of $8.25 billion. Adjusted EBITDA rose 3% Y/Y to C$3.9 billion. ENB also inked a deal with Dominion Energy Inc (D) to acquire several companies for $14 billion and seven operating landfill-to-renewable natural gas assets for $1.2 billion. ENB reaffirmed its 2023 outlook.

Portfolio Pulse from Lekha Gupta

November 03, 2023 | 1:37 pm

OMI

Owens & Minor Inc (OMI) reported Q3 adjusted EPS of $0.44, beating the consensus of $0.35. Q3 revenues increased 3.8% Y/Y to $2.59 billion. However, the company tightened its FY23 outlook, leading to a 5.61% drop in premarket trading.

Portfolio Pulse from Vandana Singh

November 03, 2023 | 1:34 pm

SPT

Sprout Social reported better-than-expected Q3 financial results and issued Q4 revenue and FY23 EPS and revenue guidance above estimates. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:23 pm

DMTK

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

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:23 pm

INSG

Inseego's shares are trading lower following the company's Q3 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:23 pm

FIGS

FIGS Inc. reported better-than-expected Q3 sales results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:22 pm

ABCL

AbCellera reported mixed Q3 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:22 pm

DOCN

DigitalOcean reported better-than-expected Q3 financial results and issued Q4 and FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:21 pm