Streetbeat News

Earnings

AZZ

NEOG

PD

PEP

SAR

PepsiCo, Saratoga Investment Corp., Neogen Corporation, PagerDuty, and AZZ Inc. are stocks to watch on Tuesday. PepsiCo and Saratoga reported positive Q3 earnings, leading to a rise in their pre-market shares. Neogen's shares fell after reporting its latest quarterly earnings. PagerDuty announced a proposed private placement of $350 million of convertible senior notes, leading to a decline in its shares. AZZ is expected to post quarterly earnings after the closing bell.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 12:37 pm

JPM

JPMorgan Chase & Co. (NYSE:JPM) is set to release its Q3 earnings on Oct. 13, 2023, with analysts expecting a rise in earnings per share and revenue from the previous year. The bank is also reportedly accelerating the securitization of its loan portfolio in anticipation of new U.S. capital requirements. The article discusses how investors can earn a regular monthly income from JPMorgan's dividends, which currently yield 2.90% annually.

Portfolio Pulse from Priya Nigam

October 10, 2023 | 12:28 pm

NSTG

NanoString Technologies Inc (NSTG) shares surged by over 10% following the disclosure of its Q3 FY23 preliminary results and a reorganization plan aimed at accelerating profitability. The company reported a 63% Y/Y revenue growth to over $48 million, surpassing the consensus of $46.26 million. The company also plans to reorganize its R&D and manufacturing departments, which includes cutting about 110 positions and reducing expenses by over $15 million annually.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 12:21 pm

OXY

Occidental Petroleum has announced its Q3 2023 oil and gas commodity price realizations. The average realized total worldwide oil prices were reported at $80.70 per barrel.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 12:18 pm

SONX

Sonendo, Inc. (NYSE:SONX) has announced preliminary Q3 2023 revenue results, expecting approximately $10.4 million, slightly above the estimated $10.36 million. The company also anticipates FY23 revenue to be between $44M-$46M, compared to the estimated $44.66M. As of September 30, 2023, cash, cash equivalents, and short-term investments are expected to be approximately $55.9 million. The company reiterates its full year 2023 guidance of expected revenue between $44.0 million and $46.0 million.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:02 pm

NEOG

Neogen Corporation's shares are trading lower following the company's Q1 earnings report, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:58 am

BCAB

BioAtla has announced its plans for the near future, including the submission of an abstract on CAB-AXL-ADC, BA3011, in non-small cell lung cancer to the IASLC 2023 North America Conference on Lung Cancer. A KOL event is planned for December 4, 2023, following the conclusion of the IASLC conference. An R&D day is planned for December 13, 2023, to discuss BA3071 (CAB-CTLA-4) Phase 1/2 basket trial. The company will also host its third quarter 2023 financial results conference call and webcast on November 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:35 am

PEP

QQQ

RIVN

SPY

U

U.S. stocks are expected to start cautiously on Tuesday, with modestly higher stock futures and PepsiCo's strong Q3 report boosting expectations for a positive earnings season. Bond yields continue to ease as traders expect a pause at the Federal Reserve's rate-setting meeting. However, upcoming inflation reports could keep sentiment guarded. Stocks advanced on Monday, with all S&P 500 sectors gaining ground. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose in premarket trading on Tuesday.

Portfolio Pulse from Shanthi Rexaline

October 10, 2023 | 11:27 am

AM

ETRN

KMI

The article discusses three high-yielding dividend stocks in the energy sector, as recommended by Wall Street's most accurate analysts. The stocks are Antero Midstream Corporation (AM), Kinder Morgan, Inc. (KMI), and Equitrans Midstream Corporation (ETRN). AM and ETRN posted better-than-expected Q2 earnings, while KMI reported weaker-than-expected Q2 sales.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 11:26 am

NEOG

Neogen has reaffirmed its FY24 revenue guidance of $955M-$985M, in line with the consensus of $968.41M. The company also expects its adjusted EBITDA to be in the range of $235M-$255M and capital expenditures to be around $130M, including $100M for the integration of the former 3M Food Safety Division.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:07 am