Streetbeat News

Earnings

RWAY

Runway Growth Finance Corp. (NASDAQ:RWAY) provided an operational and portfolio update for Q3 2023. The company funded six investments, including a $20.0 million investment to Elevate Services, Inc., a $11.1 million follow-on investment to Kin Insurance, and a $5.0 million follow-on investment to an online learning platform. Runway Growth also experienced five prepayments totaling $125.3 million. The company's portfolio included 29 debt investments to 28 portfolio companies and 62 equity investments in 45 portfolio companies.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:40 pm

CLX

Clorox reported preliminary Q1 financial results and is assessing the impact of a previously-announced cybersecurity attack on FY24 and beyond. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:39 pm

LW

Lamb Weston has increased its FY24 EPS outlook from $4.95 - $5.40 to $5.47 - $5.92, which is higher than the estimated $5.35.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:36 pm

LW

Lamb Weston's shares are trading higher following the company's Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:35 pm

VFS

VinFast Auto reported Q3 financial results, indicating a 185.2% YoY increase in vehicle sales. This positive news has led to a rise in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:34 pm

LW

Lamb Weston Hldgs (NYSE:LW) reported Q1 adjusted earnings of $1.63 per share, beating the analyst consensus estimate of $1.08 by 50.93%. This is a 117.33% increase from the same period last year. The company also reported quarterly sales of $1.67 billion, beating the analyst consensus estimate of $1.62 billion by 2.78%, a 47.87% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:32 pm

GLBS

REVG

The article identifies REV Group, Inc. (REVG) and Globus Maritime Limited (GLBS) as overbought stocks in the industrials sector, suggesting they may be overvalued. REV Group reported a Q3 FY23 sales growth of 14.3% YoY to $680 million, beating consensus. Globus Maritime has regained compliance with Nasdaq's minimum closing bid price.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 12:31 pm

PSNY

Swedish electric car brand Polestar Automotive Holding UK (NASDAQ:PSNY) reported a 50% Y/Y growth in Q3 deliveries to about 13,900 vehicles, largely due to increased sales of the higher-priced, upgraded Polestar 2. The company expects to deliver 60,000-70,000 vehicles in 2023 and anticipates higher margins for the rest of the year. Polestar plans to report Q3 FY23 results on November 8, 2023.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 12:27 pm

LAES

SEALSQ Corp (NASDAQ:LAES) reported a 20.4% increase in its unaudited revenue for the first nine months of 2023, reaching $22.1 million. The company attributes this growth to robust customer demand for its semiconductors and Matter-related products, and successful execution of its growth strategy. The strategy includes amplifying production and supply chain efficacy, acquiring new business ventures, maturing its Trust Services business, expanding its U.S. market presence, and investing in next-gen semiconductor technology.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:14 pm

VFS

VinFast Auto Ltd. (NASDAQ:VFS) reported Q3 revenues of $342.66 million, a 159.3% Y/Y increase and a 3.8% increase from Q2. The company's EV deliveries were 10,027 in Q3, a 5.2% increase from Q2. E-scooter deliveries were 28,220 in Q3, a 112.9% increase from Q3 2022. The company reported a net loss per ordinary share of $(0.27) in Q3. VinFast affirms its FY2023 delivery target of between 40,000 and 50,000 vehicles and expects a saving of $400 million in capital expenditures planned for global manufacturing between 2024 and 2025.

Portfolio Pulse from Nabaparna Bhattacharya

October 05, 2023 | 12:13 pm