Streetbeat News

Earnings

TTOO

T2 Biosystems has announced preliminary Q2 2023 results, expecting total revenue of $2 million, including $1.3 million from sepsis test panel revenue. The company has also secured a multi-year contract with a European distributor. However, T2 has reduced its full-year 2023 total sepsis and related product revenue forecast to $9.5 million-$10.5 million, down from $11.0 million-$13.0 million. Following the announcement, T2 shares are trading lower by 12%.

Portfolio Pulse from Nabaparna Bhattacharya

July 12, 2023 | 1:38 pm

EMN

IFF

Intl Flavors & Fragrances (IFF) will distribute a dividend payout of $0.81 per share on July 11, 2023, equating to an annualized dividend yield of 3.37%. The company's dividend yield falls in the middle range compared to its industry peers, with Eastman Chemical (EMN) having the highest annualized dividend yield at 3.76%. Despite a decrease in earnings per share from $5.93 to $5.69 between 2019 and 2022, IFF has increased its dividend per share from $2.96 to $3.20, indicating a focus on enhancing shareholder value.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:38 pm

GMRE

Global Medical REIT (NYSE:GMRE) is set to reward its shareholders with a dividend payout of $0.21 per share, demonstrating an annualized dividend yield of 9.08%. The company has shown a steady increase in its dividend per share from $0.80 in 2019 to $0.84 in 2022. Additionally, the company's earnings per share have also increased from $0.74 in 2019 to $0.98 in 2022, indicating a strong financial position and potential for higher cash dividend payouts in the future.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:37 pm

BTI

PM

Philip Morris Intl (NYSE:PM) will issue a dividend payout of $1.27 per share, resulting in an annualized dividend yield of 5.51%. The company has shown a steady increase in dividend per share from 2019 to 2022, and an increase in earnings per share, indicating a strong financial position. British American Tobacco (NYSE:BTI) has the highest annualized dividend yield at 8.54% among its peers.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:35 pm

ZYXI

Zynex has provided its FY23 guidance with an estimated EPS of $0.40-$0.50, compared to the estimated $0.45. The company also expects its revenue to be between $180M-$200M, compared to the estimated $192.68M.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:20 pm

ZYXI

Zynex has reported preliminary Q2 earnings per share (EPS) of $0.03-$0.07 and revenue of $43.5M-$45.5M, which is up 21% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:18 pm

GHG

GreenTree Hospitality Group has announced preliminary Q1 sales of approximately $54M-$56.7M, up from approximately $36.8M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:08 pm

LCID

Lucid Motors, listed as LCID, produced 2,173 vehicles in Q2 at its Arizona manufacturing facility and delivered 1,404 vehicles.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:02 pm

NNDM

Nano Dimension has reported initial Q2 sales of $14.8 million.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:01 pm

ANGO

DAKT

MLKN

OPTT

PCYO

TH

THTX

Earnings reports are scheduled for July 12, 2023. Companies reporting before the bell include Theratechnologies, Target Hospitality, Daktronics, and AngioDynamics. After the bell, MillerKnoll, Pure Cycle, and Ocean Power Techs will report their earnings.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 12:59 pm