Streetbeat News

Earnings

PRZO

ParaZero Technologies reported H1 2023 financial results with revenues of $344,819, a 137% increase YoY. Gross profit for H1 2023 was $150,714, compared to $16,658 in H1 2022. R&D expenses, sales and marketing expenses, and general and administrative expenses all decreased YoY. The company also reported a net loss of $433,324, or $0.12 per share, compared to a net loss of $948,376, or $0.31 per share, in the same period last year. The company closed its $7.8 million IPO on July 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:26 pm

SLI

Standard Lithium has reported its full year and Q4 results for 2023, with cash totaling CDN$59.6M and working capital of CDN$48.8M as at June 30, 2023. The company has retained BNP Paribas for debt advisory services for its first commercial project, the Phase 1A Project at the LANXESS South Plant near El Dorado, Arkansas. It has also signed a joint development agreement with Koch Technology Solutions for integrated lithium brine processing flowsheets.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:11 pm

CRWD

NNN

NXPI

On CNBC's 'Halftime Report Final Trades', Jenny Harrington recommended NNN REIT, Inc. (NYSE:NNN) for its 6.1% dividend yield. Jim Lebenthal suggested NXP Semiconductors N.V. (NASDAQ:NXPI) as a bargain after recent pullbacks in the semiconductor sector. Josh Brown recommended CrowdStrike Holdings, Inc. (NASDAQ:CRWD) as his final trade. NNN REIT recently priced a public offering of $500 million of 5.600% senior unsecured notes due 2033. NXP reported Q2 earnings of $3.43 per share, beating the consensus estimate. CrowdStrike saw multiple analysts raise price targets after several announcements at Fal.Con 2023.

Portfolio Pulse from Priya Nigam

September 22, 2023 | 12:53 pm

MIGI

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a 27% month-on-month increase in self-mining Bitcoin production to 88 BTC in August 2023. The company also saw an 8% increase in self-miners to approximately 15,600. Monthly revenue for August was approximately $3.88M, with self-mining monthly revenue increasing 18% to $2.44M. The company's two sites in Pennsylvania have a total power capacity of approximately 109 MW, with capacity for nearly 32,500 miners.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:39 pm

NTWK

NETSOL Technologies reported Q4 losses of $(0.45) per share, a 136.84% decrease YoY. However, the company's sales increased by 2.15% to $13.79 million.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:33 pm

RDFN

Redfin Corporation has reported a 13% year-over-year drop in pending home sales, as mortgage rates remain high. This could potentially impact the company's revenue and profitability.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:12 pm

AAPL

QCOM

QUALCOMM Incorporated (NASDAQ:QCOM) is reportedly cutting hundreds of staff in China and Taiwan due to a longer-than-expected industry downturn and slow recovery. The company's Q3 results showed a 23% YoY fall in revenues. QUALCOMM is also facing competition from Huawei Technologies, which recently unveiled a new 7nm processor. However, QUALCOMM's three-year pact with Apple Inc (NASDAQ:AAPL), which accounted for 16% of its earnings last year, may instill confidence in investors.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 11:59 am

MED

WBA

The most accurate Wall Street analysts have recommended holding three high-dividend yield stocks in the consumer staples sector: Altria Group, Walgreens Boots Alliance, and Medifast. Altria Group recently reported a slight miss on Q2 FY23 revenues, Walgreens announced its CEO will step down and expects FY23 adjusted EPS at the low end of its range, while Medifast posted better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 11:36 am

HPK

REPX

STAA

Insider trades were noted in three US-listed companies: Riley Exploration Permian, Inc. (REPX), HighPeak Energy, Inc. (HPK), and STAAR Surgical Company (STAA). REPX's 10% owner Balmon California Inc acquired 100,000 shares for around $3.02 million, following the company's downbeat quarterly earnings. HPK's CEO Jack Hightower and the company's President bought a total of 500,000 shares for around $8.28 million, as the company reported steady third-quarter production. STAA's 10% owner Neal Bradsher bought 291,383 shares for around $11.69 million, after the company's second-quarter sales missed consensus estimates.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 10:21 am

AONC

CCG

EOSE

ING

PCT

PHAR

SCHL

Several stocks including Scholastic Corporation, Pharming Group N.V., American Oncology Network Inc, Cheche Group Inc., ING Groep N.V., PureCycle Technologies, Inc., and Eos Energy Enterprises, Inc. are moving lower in Friday's pre-market session. Scholastic reported downbeat Q1 results, while ING Groep announced the sale of its 85% stake in fintech subsidiary, Cobase.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 10:02 am