Streetbeat News

Earnings

NSTG

NanoString Technologies, Inc. (NASDAQ:NSTG) reported preliminary Q3 revenue of over $48 million, a 63% YoY increase, beating the consensus estimate of $46.26 million. The company also announced a reorganization to accelerate its path to profitability, which includes eliminating approximately 110 positions and reducing expenses by over $15 million annually.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 10:03 am

PEP

PepsiCo's Q3 earnings per share (EPS) of $2.25 beat the analyst consensus estimate of $2.15 by 4.65%, a 14.21% increase from the same period last year. The company's quarterly sales of $23.45 billion also beat the analyst consensus estimate of $23.43 billion by 0.09%, a 6.73% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 10:01 am

PEP

PepsiCo, Inc. (NASDAQ:PEP) is expected to report higher Q3 2023 earnings of $2.15 per share, up from $1.97 per share in the year-ago period. The company's revenue might reach $23.43 billion, compared to $21.97 billion in the year-ago period. Several analysts have recently adjusted their price targets for PepsiCo, with changes ranging from a decrease to $170 to an increase to $212.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 7:24 am

DPZ

Domino's Pizza Inc (NYSE:DPZ) is offering a free 'emergency' pizza to customers who make a digital online carryout or delivery purchase of $7.99 or more. The offer is available until Feb. 11, 2024. Domino's stock has been down more than 10% from its highs in August. The company is set to release its third-quarter earnings on Thursday, with the Street anticipating revenue of $1.25 billion.

Portfolio Pulse from Aaron Bry

October 09, 2023 | 10:49 pm

U

Unity has reaffirmed its financial guidance for the third quarter of 2023. The company will release its Q3 2023 financial results after the market close on Thursday, November 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:32 pm

BKD

Brookdale Senior Living has reported a sequential increase of 60 basis points in its weighted average occupancy for September 2023, reaching 78.2%.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:18 pm

SAR

Saratoga Investment (NYSE:SAR) reported Q2 earnings of $1.08 per share, in line with analyst consensus. This is an 86.21% increase YoY. The company also reported quarterly sales of $35.51M, beating the analyst consensus of $35.36M by 0.44%. This is a 62.51% increase YoY.

Portfolio Pulse from Happy Mohamed

October 09, 2023 | 8:08 pm

MDXH

MDxHealth has reported preliminary Q3 revenues of $19.3M, which represents a 73% increase year-over-year and a 15% increase sequentially. The estimated revenue was $17.11M.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:04 pm

CTRYY

EGRNF

HSBC

LGFRY

NVDLY

SWRAY

Hong Kong Broadband Network (HKBN Ltd.) has issued a profit warning, expecting a loss of HK$1.3 billion ($167 million) for the year ending August 2023 due to rising interest rates. The Hong Kong Interbank Borrowing Rate (HIBOR) has surged by over four times in 2023, increasing borrowing costs. This rise in HIBOR could impact earnings of property developers like China Evergrande Group, Country Garden Holdings Company Limited, and Longfor Holdings Group Limited, and companies with high borrowing rates like Swire Pacific Ltd. and New World Development Co Limited.

Portfolio Pulse from Daniel Harrison

October 09, 2023 | 7:25 pm

DIS

Needham analyst Laura Martin has reiterated a Hold rating on Walt Disney Co (NYSE:DIS) and lowered her Q4 2023 estimates for the company. The revision is due to lower expectations for Content Sales, Parks and Experiences, and Linear Networks, partially offset by higher revenue in the DTC segment. Martin's new estimates include a 4Q revenue of $21.4 billion, operating income of $2.8 billion, and adjusted EPS of $0.76. The analyst also projects FY23 revenue of $89.09 billion, FY24 revenue of $93.52 billion, and FY25 revenue of $97.76 billion.

Portfolio Pulse from Anusuya Lahiri

October 09, 2023 | 6:19 pm