Streetbeat News

Earnings

UEC

Uranium Energy Corp (UEC) reported FY23 revenue of $163.95M and stated it has $192.3M in cash and liquid assets, with no debt, as of September 28.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:53 am

APRN

CCL

NKE

QQQ

SPY

Stocks are expected to continue their upward momentum, with focus on the Federal Reserve's preferred inflation gauge. Nike posted positive earnings, supporting the market. Bond yields are easing and oil prices are being monitored. The threat of a government shutdown could impact traders. Major indices rose in Thursday's trading, led by communication services, consumer discretionary, and materials. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained in premarket trading on Friday. Nike, Blue Apron Holdings, and Carnival Corp. are in focus.

Portfolio Pulse from Shanthi Rexaline

September 29, 2023 | 11:38 am

TGL

Treasure Global's Q4 sales have decreased to $15.1M from $16.2M YoY. The company attributes this to its focus on increasing growth in higher margin revenue channels.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:38 am

Goodyear Tire & Rubber Company (NASDAQ:GT) has provided an update on the fire damage at its Debica, Poland facility and the related financial impact on its earnings. The company expects EMEA consumer sales to be negatively affected by $20 million- $25 million in Q3 and $10 million to $15 million in Q4 2023. The company's insurance policy covers $15 million of damage per occurrence, which will reach the deductible limit in Q3 and projects a significant portion of the expense to be reimbursed by the insurance provider. GT also approved a rationalization plan in the Asia Pacific and proposed a reduction of around 700 positions.

Portfolio Pulse from Lekha Gupta

September 29, 2023 | 11:29 am

GNS

Genius Group has projected its FY23 revenue to be between $26M-$29M. The company also expects a net loss of $15.5M to $17M and an adjusted EBITDA net loss of $10M-$12M.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:27 am

GNS

Genius Gr (AMEX:GNS) reported a 60% increase in quarterly losses to $(0.32) per share from $(0.20) per share YoY. However, the company's sales increased by 20.92% to $9.00 million from $7.44 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:21 am

BMBL

BROG

EDIT

FOLD

NKE

NVGS

OPK

STEM

Several stocks including Brooge Energy Limited, OPKO Health, NIKE, Editas Medicine, Amicus Therapeutics, Navigator Holdings, Bumble, and Stem are recording gains in Friday's pre-market trading session. Notable developments include OPKO's ModeX Therapeutics being awarded a BARDA Contract, NIKE posting upbeat quarterly earnings, and Editas Medicine being upgraded by Stifel from Hold to Buy.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 9:59 am

GNS

NTZ

Genius Gr (AMEX:GNS) and Natuzzi (NYSE:NTZ) are scheduled to report their earnings for the first and second quarter respectively on September 29, 2023.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 9:58 am

CCL

GNS

MDGL

MTN

NKE

Carnival Corporation, Nike, Genius Group Limited, Vail Resorts, and Madrigal Pharmaceuticals are the stocks to watch heading into Friday. Carnival is expected to report quarterly earnings of 75 cents per share on revenue of $6.69 billion. Nike posted upbeat earnings for its first quarter, but sales missed expectations. Genius Group is expected to post first half 2023 financial results. Vail Resorts posted weaker-than-expected sales for its fourth quarter. Madrigal Pharmaceuticals reported pricing of $500 million public offering.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 8:35 am

ACN

GNS

KMX

US stocks closed higher on Thursday, with the Dow Jones Industrial Average gaining over 100 points. The CNN Money Fear and Greed index moved to the 'Fear' zone. Investors are awaiting the release of the personal consumption expenditures price index. Accenture plc (ACN) and CarMax Inc (KMX) shares fell after reporting Q4 results and Q2 earnings respectively. Investors are also awaiting earnings results from Carnival Corporation (CC) and Genius Group Limited (GNS).

Portfolio Pulse from Lisa Levin

September 29, 2023 | 8:02 am