Streetbeat News

Earnings

TARA

Protara Therapeutics reported Q3 losses of $(0.87) per share, beating the analyst consensus estimate of $(0.98) by 11.22 percent. This is a 27.94 percent decrease over losses from the same period last year. The company has cash, cash equivalents and investments of $74M as of September 30, 2023, which is expected to fund operations into Q2 of 2025.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:14 pm

MSTR

SQ

Block Inc (NASDAQ:SQ) and MicroStrategy Inc (NASDAQ:MSTR) have both invested heavily in Bitcoin. Block reported a 37.5% growth in Bitcoin-related revenue, reaching $2.42 billion. MicroStrategy purchased an additional 155 bitcoins in October, bringing its total to 158,400 bitcoins. However, MicroStrategy recorded an impairment loss on its digital asset holdings during Q3. Over the past year, MicroStrategy's stock saw an 82.59% increase, while Block's stock decreased by 18.42%.

Portfolio Pulse from Mehab Qureshi

November 03, 2023 | 12:10 pm

IRMD

IRADIMED has updated its FY23 adjusted EPS forecast to $1.48-$1.51, up from the previous range of $1.37-$1.40. This new projection surpasses the consensus estimate of $1.26.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:10 pm

AXL

American Axle & Manufacturing (AXL) reported that the UAW strike has impacted its sales by $15M and adjusted EPS by $0.03 in Q3.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:09 pm

GTES

Gates Industrial has updated its FY23 forecast, expecting an adjusted EPS of $1.22-$1.28, up from the previous estimate of $1.18-$1.24. The company also anticipates FY23 adjusted EBITDA to be between $725M-$735M, slightly adjusted from the prior view of $710M-$740M.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:08 pm

SSP

E W Scripps (NASDAQ:SSP) reported Q3 adjusted EPS of $(0.13), beating the analyst consensus estimate of $(0.22) by 40.91%. The company also reported quarterly sales of $566.53 million, beating the estimate of $565.97 million by 0.10%. However, this represents a 134.21% decrease in earnings and a 7.45% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:07 pm

AXL

American Axle & Manufacturing has revised its FY23 sales outlook from $5.95B-$6.25B to $6.0B-$6.1B. The new outlook assumes production will resume in the first week of November following a UAW work stoppage, which is estimated to impact sales by $70-$100 million and adjusted EBITDA by $25-$40 million.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:06 pm

KOP

Koppers Holdings Inc. has projected its FY23 revenue to be $2.1 billion, slightly below the estimated $2.12 billion. The company also expects its adjusted EPS to range between $4.35 and $4.55, compared to the estimated $4.46.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:06 pm

PAGP

Plains GP Holdings (NASDAQ:PAGP) reported Q3 earnings of $0.15 per share, missing the analyst consensus estimate of $0.20 by 25%. This is a 58.33% decrease from the same period last year. The company also reported quarterly sales of $12.07 billion, missing the analyst consensus estimate of $12.56 billion by 3.90%. This is a 15.81% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:05 pm

IRMD

IRADIMED has projected its Q4 FY23 adjusted EPS to be between $0.38-$0.41, which is higher than the consensus estimate of $0.33.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:05 pm