Streetbeat News

Earnings

CAG

COTY

FNKO

Insiders at Funko, Inc. (NASDAQ:FNKO), Conagra Brands, Inc. (NYSE:CAG), and Coty Inc. (NYSE:COTY) have recently made notable purchases of their companies' stocks. Funko's 10% owner acquired shares worth around $1.54 million, despite the company's recent earnings miss and weak guidance. Conagra Brands' Director bought shares worth around $252,290 following the company's upbeat earnings report for its first quarter. Coty's Director purchased shares worth around $50,138 as the company priced its global offering of 33 million outstanding Class A common stock at $10.80.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 12:58 pm

TROW

T. Rowe Price Group, Inc. (TROW) reported preliminary month-end assets under management of $1.35 trillion as of September 30, 2023. The firm experienced net outflows of $4.2 billion for September 2023 and $17.4 billion for the quarter-ended September 2023. The company will release Q3 2023 earnings on October 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 12:43 pm

ATHX

TPST

VINO

VOXX

WHLR

Several stocks are experiencing significant pre-market trading movements. Tempest Therapeutics (TPST) shares rose 279.8% following an announcement of new data from a global study. Wheeler Real Estate Investment Trust (WHLR) shares gained 211% after a 7% fall on Tuesday. Athersys (ATHX) shares rose 20.7% as the company plans to conduct additional data analysis. Gaucho Group Holdings (VINO) shares climbed 42.7% after announcing its move towards organic cultivation. VOXX International Corp (VOXX) shares rose 11.7% as the company reported stronger-than-expected sales for Q2.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 12:24 pm

Lamb Weston Holdings has projected its FY24 adjusted EPS to be between $5.50 and $5.95, which is lower than the estimated $5.77. The company also expects its revenue to be between $6.8B and $7.0B, which is in line with the estimated $6.87B.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 12:15 pm

PEP

PepsiCo Inc (NASDAQ:PEP) reported better-than-expected earnings for its third quarter with sales growth of 6.7% year-on-year to $23.45 billion, beating the analyst consensus estimate. The company raised its FY23 adjusted EPS outlook from $7.47 to $7.54. PepsiCo has a dividend yield of 2.94%, which is a quarterly dividend amount of $1.2650 a share ($4.83 a year). To earn $500 monthly from PepsiCo dividends, an investor would need to own approximately $204,185 worth of PepsiCo, or 1,242 shares.

Portfolio Pulse from Priya Nigam

October 11, 2023 | 12:11 pm

SSNLF

Samsung Electronics reported preliminary Q3 FY23 earnings, with operating profit falling around 78% Y/Y to about 2.4 trillion Korean won. However, the profits surpassed the LSEG SmartEstimate of 2.1 trillion won, indicating early signs of improvement in the memory chip market. The company's Q3 sales were about 67 trillion Korean won. The mobile business is expected to generate an operating profit of around 3 trillion won, similar to last year. Losses in Samsung's memory chip business are projected to shrink to around 3 trillion won as the company focuses on more profitable, higher-end chips.

Portfolio Pulse from Lekha Gupta

October 11, 2023 | 12:11 pm

BNGO

Bionano Genomics, Inc. (BNGO) has announced an $80 million financing through convertible notes and warrants, preliminary Q3 2023 results, and a streamlined operational plan. The company expects Q3 revenue to be between $9.1 and $9.3 million, a 26-29% increase over Q3 2022. Bionano has also implemented cost-saving initiatives, including reducing headcount and manufacturing costs, which are expected to save approximately $33 million annually from 2024.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 12:06 pm

DERM

GNSS

NTWK

SPWH

Insiders at four companies, Genasys Inc. (GNSS), NetSol Technologies, Inc. (NTWK), Sportsman's Warehouse Holdings, Inc. (SPWH), and Journey Medical Corporation (DERM), have recently purchased shares, indicating their confidence in the companies' prospects. Genasys announced a $1 million contract with the U.S. Army, while NetSol reported a decrease in fourth-quarter EPS results and issued FY24 revenue guidance. Sportsman's Warehouse reported worse-than-expected second-quarter earnings, and Journey Medical entered into an exclusive license agreement with Maruho Co., Ltd.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 11:27 am

HPQ

HP Inc (HPQ) has provided an FY24 outlook, updated on its cost-saving initiatives, and raised its annual dividend by 5% to $1.1024 per share. The company expects an adjusted EPS of $3.25-$3.65 and FCF of $3.1 billion-$3.6 billion for FY24. HPQ plans to return about 100% of FCF through dividends and share repurchases. The company also anticipates increasing its Future Ready plan annualized gross run rate structural cost savings by $200 million to $1.6 billion by the end of FY25.

Portfolio Pulse from Lekha Gupta

October 11, 2023 | 10:50 am

TMQ

Trilogy Metals reported a net loss of $4.1 million in Q3, which is an improvement from the net loss of $9.9 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:37 am