Streetbeat News

Earnings

NWN

Northwest Natural Hldg (NYSE:NWN) reported Q3 losses of $(0.65) per share, beating the analyst consensus estimate of $(0.67) by 2.99%. This is a 16.07% decrease over losses from the same period last year. The company also reported quarterly sales of $141.48 million, beating the analyst consensus estimate of $134.78 million by 4.97%. This is a 21.09% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 10:02 am

FLR

Fluor Corporation has raised its adjusted earnings per share (EPS) guidance for FY23 from $2.00 - $2.30 to $2.00 - $2.30, against an estimate of $2.15.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 10:02 am

OMI

Owens & Minor (OMI) reported Q3 earnings of $0.44 per share, beating the analyst consensus estimate of $0.35 by 25.71%. This is a 7.32% increase from the same period last year. The company also reported quarterly sales of $2.59 billion, beating the analyst consensus estimate of $2.58 billion by 0.62%. This is a 3.80% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 10:02 am

PRLB

Proto Labs (NYSE:PRLB) reported Q3 adjusted earnings of $0.51 per share, beating the analyst consensus estimate of $0.30 by 70%. This is a 27.5% increase from the same period last year. The company also reported quarterly sales of $130.71 million, beating the analyst consensus estimate of $122.77 million, a 7.38% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 10:02 am

FLR

Fluor Corporation (NYSE:FLR) reported Q3 adjusted earnings of $1.02 per share, beating the analyst consensus estimate of $0.56 by 82.14%. This is a 1357.14% increase over earnings of $0.07 per share from the same period last year. The company also reported quarterly sales of $3.96 billion, beating the analyst consensus estimate of $3.89 billion by 1.88%. This is a 9.72% increase over sales of $3.61 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 9:52 am

BILL

BILL Holdings Inc's shares have dropped by over 30% after the company reported its Q1 FY24 earnings and cut its FY24 outlook. Despite revenue and core revenue increasing by 33% and 24% respectively, and beating consensus estimates, the company's shares fell. The company also processed more transactions and had a higher total payment volume than the previous year. However, the company's outlook for Q2 and FY24 was lower than estimates, which may have contributed to the share price drop.

Portfolio Pulse from Lekha Gupta

November 03, 2023 | 9:43 am

TILE

Interface has revised its FY23 revenue forecast downwards to $1.245B-$1.265B from the previous $1.285B-$1.310B, against an estimate of $1.30B. The company also provided other financial projections for FY23, including an adjusted gross profit margin of 34.4%, adjusted SG&A expenses of $329 million, and capital expenditures of $32 million.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 9:35 am

SBUX

Starbucks Corporation's new CEO, Laxman Narasimhan, has unveiled a long-term strategic plan called the 'Triple-Shot Reinvention Strategy'. The strategy focuses on enhancing the store experience, expanding digital capabilities, and increasing global outreach. The company expects this strategy to lead to a long-term revenue growth of 10% or more and an earnings per share growth of 15% or more. Starbucks also plans to operate 55,000 stores by 2030, a 45% increase from its current 38,000 stores.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 9:34 am

TILE

Interface (NASDAQ:TILE) reported Q3 adjusted earnings of $0.28 per share, beating the analyst consensus estimate of $0.26 by 7.69%. However, this is a 6.67% decrease from the same period last year. The company's quarterly sales of $311.01 million missed the analyst consensus estimate of $324.75 million by 4.23%, marking a 5.11% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 9:31 am

AAPL

BILL

COIN

FOXF

FTNT

Several US stocks traded lower in Friday's pre-market session. BILL Holdings Inc shares tumbled 33.6% after the company reported Q1 results and lowered its FY24 revenue outlook. Fortinet Inc shares declined 24% after reporting mixed Q3 results and issuing FY23 revenue guidance below estimates. Fox Factory Holding Corp shares dipped 17.1% after reporting downbeat Q3 results and a weak Q4 forecast. Other companies that saw a decline in shares include reAlpha Tech Corp, Lumen Technologies Inc, Opendoor Technologies Inc, Alpine Immune Sciences Inc, Zscaler Inc, Palo Alto Networks Inc, Apple Inc, and Coinbase Global Inc.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 9:20 am