Streetbeat News

Earnings

RYAM

Rayonier Advanced Materials (RYAM) has announced a financial vision focused on achieving $325M in annual EBITDA over the next five years.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:52 pm

PRST

Presto Automation (NASDAQ:PRST) reported Q2 losses of $(0.68) per share, a 17.07% improvement YoY. However, the company's quarterly sales of $4.82M missed the analyst consensus estimate of $9.60M by 49.80%, marking a 38.94% decrease YoY.

Portfolio Pulse from Happy Mohamed

October 10, 2023 | 8:48 pm

ETWO

E2open Parent Holdings Inc (NYSE:ETWO) reported Q2 earnings of four cents per share, missing the analyst consensus estimate of five cents. The company also reported quarterly sales of $157.70 million, missing the analyst consensus estimate of $159.66 million. The company's shares fell 9.34% in the after-hours session. E2open anticipates full-year 2024 subscription revenue to be between $530 million and $538 million and total revenue to be between $625 million and $635 million.

Portfolio Pulse from Ryan Gustafson

October 10, 2023 | 8:48 pm

UCAR

U Power reported 1H 2023 financial results with total revenues of $0.3M, down from the same period last year. The company didn't generate revenue from product sales due to insufficient business development in new market regions. Operating loss was $2.8M, up from last year, primarily due to increased audit and professional service costs. Net loss was $1.0M, down from last year.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:41 pm

AAPL

GOOG

NVDA

TSLA

Satori Fund founder Dan Niles is long on Alphabet Inc (NASDAQ:GOOG) and Nvidia Corp (NASDAQ:NVDA) heading into earnings, expecting 'beat and raise quarters' from both. However, he is short on Tesla Inc (NASDAQ:TSLA) and Apple Inc (NASDAQ:AAPL) due to high valuations and potential headwinds. Niles noted that the group of tech giants, known as the 'magnificent seven', generates more than 50% of their revenues from outside the U.S., and the strengthening dollar could pose a significant headwind for company guidance this quarter.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 8:38 pm

ETWO

E2open reported its Q2 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:29 pm

ETWO

E2open Parent Holdings (NYSE:ETWO) reported Q2 earnings of $0.04 per share, missing the analyst consensus estimate of $0.05 by 20%. The company also reported quarterly sales of $157.70 million, missing the analyst consensus estimate of $159.66 million by 1.23%. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Happy Mohamed

October 10, 2023 | 8:29 pm

SILK

Silk Road Medical has announced preliminary Q3 revenue results that are below estimates. The company also issued FY23 revenue guidance that is lower than expected.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:28 pm

AZZ

AZZ Inc. has reaffirmed its fiscal year 2024 guidance, expecting adjusted earnings per share (EPS) to be between $3.85 and $4.35, with sales projected to be between $1.40 billion and $1.55 billion.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 8:28 pm

AZZ

AZZ Inc. reported Q2 earnings of $1.27 per share, beating the analyst consensus estimate of $1.08 by 17.59%. This is a 2.42% increase from the same period last year. The company also reported quarterly sales of $398.50 million, beating the analyst consensus estimate of $396.91 million by 0.40%. However, this is a 2.02% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 8:27 pm