Streetbeat News

Earnings

VERO

Venus Concept has announced its preliminary Q3 revenue to be between $17M-$18M, a decrease from $21.5M a year ago. The company also announced a debt restructuring plan.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 11:33 am

CAG

Conagra Brands (NYSE:CAG) reported Q1 adjusted earnings of $0.66 per share, beating the analyst consensus estimate of $0.60 by 10%. However, the company's quarterly sales of $2.90 billion missed the analyst consensus estimate of $2.95 billion by 1.56%. The sales figure is the same as the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 11:33 am

STZ

Constellation Brands (NYSE:STZ) reported Q2 adjusted earnings of $3.70 per share, beating the analyst consensus estimate of $3.36 by 10.12%. This is a 16.72% increase from the same period last year. The company also reported quarterly sales of $2.84 billion, beating the analyst consensus estimate of $2.82 billion by 0.57%. This is a 6.82% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 11:32 am

CLX

CZR

MGM

Clorox Co's shares are trading lower after it reported preliminary Q1 FY24 financial results, with a projected decline in net sales and adjusted EPS. The company's weak expectations are due to a recent cybersecurity attack. Clorox is now transitioning back to automated order processing and expects to experience ongoing but lessening operational impacts in Q2. The same group of hackers is also linked to recent cyber breaches at Caesars Entertainment Inc and MGM Resorts International.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 11:19 am

AIRS

AirSculpt Technologies, Inc. (NASDAQ:AIRS) reported preliminary Q3 revenue of $46.5M, beating the consensus of $43.86M and marking a 20% YoY increase. The company also reported a same-store revenue growth of 5.5%. For FY23, AirSculpt expects revenue of $196M, up from the previous estimate of $187M-$192M. The company also voluntarily prepaid $10M on its outstanding term loan debt.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 11:07 am

PSNY

Polestar, the Swedish electric vehicle manufacturer, maintains its delivery target of 60,000-70,000 vehicles for 2023. The company also anticipates higher margins for the rest of the year.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 11:07 am

PSNY

Polestar, a Swedish electric vehicle manufacturer, has reported a 50% year-on-year increase in vehicle deliveries for Q3, with approximately 13,900 vehicles delivered. PSNY, the US-listed SPAC that is set to merge with Polestar, may be impacted by this news.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 11:06 am

BKE

The Buckle, Inc. reported a year-over-year decline in comparable store net sales of 11.1% and a net sales decline of 10.7% to $103.1M in September 2023.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 10:59 am

AULT

Ault Alliance's subsidiary, Giga-tronics, has announced that its Q3 2023 orders have reached $15.4M, a 52% increase from the previous quarter. The company ended the quarter with a backlog of $33.7M, a 21% increase.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 10:53 am

CAL

Caleres expects its long-term net sales to grow at a three-year CAGR of 3-5%, and its adjusted EPS to increase at a three-year CAGR of 11-13% to reach $6.00 at the mid-point of the range.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 10:50 am