Streetbeat News

Earnings

SYK

Stryker Corporation reported its Q3 2023 earnings with an adjusted EPS of $2.46, beating the estimate of $2.43. The company's revenue was $4.9 billion, also surpassing the estimate of $4.86 billion.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:18 pm

ACCO

ACCO Brands reported Q3 earnings of $0.24 per share, beating the analyst consensus estimate of $0.23 by 4.35%. However, the company's quarterly sales of $448.00 million missed the analyst consensus estimate of $474.57 million by 5.60%. This represents a 4% decrease in earnings and a 7.74% decrease in sales compared to the same period last year.

Portfolio Pulse from bharat@benzinga.com

November 02, 2023 | 8:18 pm

SQ

Block Inc. projects its Q4 2023 gross profit to be between $1.96B and $1.98B, representing a YoY growth of 18%-19%. The company also expects its adjusted EBITDA to be between $430M and $450M, and its adjusted operating income to be between $40M and $60M.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:17 pm

REG

Regency Centers (NASDAQ:REG) reported a 0.99% YoY increase in its Q3 Nareit FFO per share, which rose from $1.01 to $1.02.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:17 pm

MCHP

Microchip Technology reported Q2 adjusted EPS of $1.62, slightly beating the estimate of $1.61. However, net sales of $2.254B fell short of the estimated $2.265B.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:17 pm

IRTC

iRhythm Technologies reported Q3 2023 earnings with an adjusted EPS of $(0.79), missing the $(0.66) estimate. However, the company's revenue of $124.6M surpassed the $122.56M estimate.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:17 pm

PROF

Profound Medical reported Q3 losses of $(0.26) per share, beating the analyst consensus estimate of $(0.34) by 23.53%. However, the company's quarterly sales of $1.73 million missed the analyst consensus estimate of $2.06 million by 16.12%. This represents a 15.09% decrease over sales from the same period last year.

Portfolio Pulse from bharat@benzinga.com

November 02, 2023 | 8:17 pm

VIR

Vir Biotechnology reported Q3 2023 losses of $(1.22) per share, missing the analyst consensus estimate of $(1.21) by 0.83 percent. This is a 193.85 percent decrease over earnings of $1.30 per share from the same period last year. The company also reported quarterly sales of $2.64 million, missing the analyst consensus estimate of $10.24 million by 74.23 percent, a 99.30 percent decrease over sales of $374.56 million the same period last year.

Portfolio Pulse from vinayak@benzinga.com

November 02, 2023 | 8:17 pm

GDYN

Grid Dynamics Holdings (NASDAQ:GDYN) reported Q3 2023 earnings of $0.08 per share, meeting analyst consensus. This is a 46.67% decrease from the same period last year. The company's quarterly sales of $77.42 million beat the analyst consensus estimate of $76.67 million by 0.98%, but this is a 4.61% decrease from last year.

Portfolio Pulse from saritha@benzinga.com

November 02, 2023 | 8:16 pm

MSI

Motorola has raised its Q4 adjusted EPS guidance to $3.60-$3.65, above the estimated $3.58. The company also increased its FY23 revenue guidance from $9.875B-$9.900B to $9.930B-$9.945B, slightly above the estimated $9.92B.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:16 pm