Streetbeat News

Earnings

DHT

DHT Holdings, Inc. (NYSE:DHT) has provided a business update for Q3 2023, estimating time charter equivalent earnings for its fleet at $42,500 per day. This includes $35,500 per day for the Company's VLCCs on time-charter and $44,700 per day for the Company's VLCCs operating in the spot market. In Q4 2023, 38% of the available VLCC spot days have been booked at an average rate of $34,800 per day, and 50% of the available VLCC days, spot and time-charter days combined, have been booked at an average rate of $35,000 per day.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:27 pm

SANA

Sana Biotechnology has projected its operating cash burn to be less than $200 million in 2024, which will allow its current cash position to extend into 2025.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:24 pm

SILK

Silk Road Medical has announced its preliminary Q3 revenue to be $44.4M, which is lower than the estimated $46.29M.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 8:22 pm

LFCR

Lifecore Biomedical has provided an update on its delayed filings, anticipating to report its FY24 Q1 results in late October or early November, pending completion of its annual audit. The company has added two additional projects to its commercial development portfolio, increasing its development opportunity pipeline by 14 to 58. Lifecore is also working on completing its Annual Report on Form 10-K for the fiscal year ended May 28, 2023, which has been delayed due to accounting for certain recent non-routine corporate transactions.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:21 pm

ETWO

E2open Parent Holdings reported its Q2 non-GAAP revenue at $157.70M on a constant currency basis.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 8:20 pm

BLK

C

GS

JPM

WFC

Bank of America analysts are bullish on financial stocks ahead of Q3 earnings season. They maintain a Buy rating on JPMorgan, Wells Fargo, Citigroup, Morgan Stanley, and Goldman Sachs. JPMorgan is seen as best positioned to navigate higher interest rates, while Citigroup's de-risking strategy is acknowledged. Reservations are expressed about Wells Fargo due to declining net-interest income and regulatory uncertainties. Goldman Sachs is expected to underperform in Q3 earnings, but is still rated as a Buy due to potential rebound in investment banking activity.

Portfolio Pulse from Piero Cingari

October 10, 2023 | 8:19 pm

SSSS

SuRo Capital Corp. (SSSS) provided a preliminary update on its Q3 2023 investment portfolio, projecting its NAV to be between $8.15 to $8.65 per share. The company remains active in repurchasing shares under the Share Repurchase Program approved by its Board of Directors. SuRo Capital's net assets totaled approximately $186.7 million, or $7.35 per share at June 30, 2023, and approximately $221.8 million, or $7.83 per share at September 30, 2022. As of September 30, 2023, SuRo Capital's net asset value is estimated to be between $8.15 to $8.65 per share.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:16 pm

CSL

Carlisle Companies (CSL) will reclassify the results of operations for Carlisle Interconnect Technologies (CIT) as discontinued operations effective for Q3. CIT contributed revenues of $432.4 million, operating income of $30.6 million, and adjusted EBITDA of $69.7 million for the first six months of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:15 pm

MDLZ

Mondelez has announced that due to the reporting of JDEP's results on a Q1 lag basis, the impact of the sale of shares will affect its non-GAAP financial results beginning with Q3.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:14 pm

RGF

The Real Good Food Co has provided its financial outlook, expecting FY23 revenue to be between $185M-$194M, lower than the estimated $202.35M. The company also anticipates FY24 revenue to be around $245M, slightly below the $245.81M estimate. Positive operating cash flow is expected to begin in Q4 of 2023. Q4 revenue is projected to be between $65M-$72M, less than the $74.48M estimate.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:10 pm