Streetbeat News

Earnings

CMBM

Cambium Networks Corporation (CMBM) has announced the suspension of its guidance for the fiscal year 2023. The company has not provided any specific reasons for this decision.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 8:34 pm

CMBM

Cambium Networks has revised its revenue outlook for Q3 2023 to $40.0-$45.0 million, down from the previous estimate of $62.0-$70.0 million. The decrease is attributed to delays in government defense orders, sluggish revenues in the Point-to-Multi-Point business, decreased orders and increased stock rotations from distributors, and economic headwinds in EMEA. Consequently, the company is suspending its full-year 2023 guidance.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 8:34 pm

CLX

Clorox shares are trading lower following the company's release of preliminary Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:34 pm

BTBT

Bit Digital reported a 7% decrease in Bitcoin production in September, producing 130.2 BTC. The decrease was primarily due to an increase in network difficulty and a reduction in active hash rate towards the end of the month.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:32 pm

RGP

Resource Connection (RGP) shares are trading lower following the company's mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:31 pm

ACCD

Accolade reported its Q2 financial results and issued Q3 guidance, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:29 pm

CLX

The company expects to experience ongoing operational impacts in Q2, but these impacts are expected to lessen as it progresses towards normalized operations. It also anticipates benefiting from the restocking of retailer inventories as it ramps up fulfillment in Q2.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:28 pm

CLX

Clorox is currently assessing the impact of a recent cybersecurity attack on its financial outlook for FY24 and beyond. The company will provide an updated outlook during its Q1 earnings call in November.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:27 pm

CLX

Clorox has released preliminary Q1 results, expecting an adjusted EPS between $(0.40) and $0. The company also anticipates a decrease in net sales by 23%-28% YoY.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:25 pm

HRTG

Heritage Insurance Holdings, Inc. (NYSE:HRTG) announced its estimated retained catastrophe losses for Q3 2023 were approximately $40 million. The losses were primarily due to the Maui Wildfire and Hurricane Idalia. The company expressed confidence in its ability to achieve long-term strategic and financial goals despite these losses.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:24 pm