Streetbeat News

Earnings

OPGN

RVLP

SECO

TPST

TTOO

US stocks traded slightly lower following the release of the Consumer Price Index (CPI) data. The Dow, NASDAQ, and S&P 500 all fell slightly. Energy shares surged by 0.8% while consumer staples shares fell by 0.5%. The U.S. inflation rate was steady at 3.7% for September. Secoo Holding Limited (SECO), OpGen, Inc. (OPGN), and Versus Systems Inc. (VS) saw significant increases in their share prices. RVL Pharmaceuticals plc (RVLP), Tempest Therapeutics, Inc. (TPST), and T2 Biosystems, Inc. (TTOO) saw significant decreases.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 1:46 pm

FAST

Fastenal Company (NASDAQ:FAST) reported Q3 FY23 sales growth of 2.4% Y/Y to $1.845 billion, slightly missing the consensus of $1.85 billion. The company's net daily sales growth increased 4% YoY, primarily due to growth at its Onsite locations. Q3 EPS was $0.52, beating the consensus of $0.50. The company declared a dividend per share of $0.35. FAST shares are trading higher by 4.12% at $58.32 premarket on Thursday.

Portfolio Pulse from Akanksha Bakshi

October 12, 2023 | 1:30 pm

DPZ

Domino's Pizza CEO announced that the company will not be conducting another Boost Week this quarter. This decision may impact the company's sales and revenue for the quarter.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:30 pm

BTOG

Bit Origin Ltd (NASDAQ:BTOG) has provided an update on its operations for September 2023. The company mined 15.9 Bitcoins and achieved a revenue of $416,444. It ceased operations in Indiana and moved to Wyoming, where it has installed 3,200 miners with a total mining hash rate of 320 PH/s. An additional 1,050 miners are waiting to be deployed. The company also ceased operations in Georgia from December 2022.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:15 pm

DAL

Delta Air Lines Inc (NYSE:DAL) reported a Q3 FY23 adjusted operating revenue growth of 13% Y/Y to $14.55 billion, beating the consensus of $14.54 billion. Total passenger revenue was $13.1 billion, a 14% increase Y/Y. Adjusted EPS was $2.03, above the consensus of $1.94. For Q4, Delta expects revenue growth of 9% - 12%, adjusted EPS of $1.05 - $1.30 versus $1.11 estimate. FY23 Outlook was revised with adjusted EPS to $6.00 - $6.25 (prior $6-$7) versus $6.04 estimate. DAL shares are trading higher by 3.17% at $37.12 premarket.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 1:04 pm

FAST

OPGN

Opgen's unit Curetis received a payment of 750,000 Euros related to the sale of Unyvero A50 Systems, causing OPGN's stock to surge by 1200%. LL Flooring received a $180 million takeover offer from Live Ventures, leading to a 45% increase in LL's stock. Fastenal's Q3 EPS beat estimates but sales missed, resulting in a 5% increase in FAST's stock.

Portfolio Pulse from ryanfaloona@benzinga.com

October 12, 2023 | 12:49 pm

AAPL

NVDA

TSM

XIACF

XIACY

Apple Inc and its key suppliers are facing a significant sales slump despite the recent launch of new devices. Taiwan Semiconductor Manufacturing Co experienced a 13.4% sales drop, while the broader group of major assemblers and component makers saw a decline of 16.4%. The overall decline has resulted in an 8.8% slump for the first nine months of the year. The AI industry's growth, particularly in server sales, is anticipated to double in 2024.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 12:45 pm

DPZ

Domino's Pizza's CFO has announced that the company's Q3 U.S. delivery same-store sales have declined by 2.3%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:44 pm

DPZ

Domino's Pizza CFO has announced that the company expects average realized pricing to moderate to slightly below 1% in Q4.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:42 pm

WBA

Walgreens Boots Alliance Inc's Q4 FY23 sales increased 9.2% Y/Y to $35.4 billion, beating the consensus of $34.82 billion. However, adjusted EPS decreased 18% to $0.67, missing the consensus of $0.69 due to lower volumes of COVID-19 vaccinations and testing. The company's FY24 adjusted EPS forecast of $3.20-$3.50 falls short of the consensus of $3.73.

Portfolio Pulse from Vandana Singh

October 12, 2023 | 12:40 pm