Streetbeat News

Earnings

ESGL

ESGL Holdings Limited has reported its first half 2023 results, with revenues increasing by 14.1% to $3.4M. As of June 30, 2023, the company had $1.2M in total cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:08 pm

MXCT

MaxCyte's preliminary Q3 total revenue is expected to be between $7.8M and $8M, marking a 27% YoY decrease. The company attributes this decline to continued reduced customer activity in the sector.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 8:06 pm

RGP

Resources Connection (NASDAQ:RGP) reported Q1 earnings of $0.20 per share, missing the analyst consensus estimate of $0.23 by 13.04%. This is a 66.67% decrease from the same period last year. However, the company beat the sales estimate of $170.14M with reported sales of $170.17M, a decrease of 16.61% from last year.

Portfolio Pulse from Happy Mohamed

October 04, 2023 | 8:06 pm

CCL

Carnival Corporation's (NYSE:CCL) shares are trading higher, showing a slight rebound after a recent downtrend. The stock has been down 31.9% over the past three months due to the COVID wave causing volatility in the sector. The stock fell further after the company reported third-quarter financial results and issued guidance on Sept 29. Morgan Stanley analyst Jamie Rollo maintained Carnival with an Underweight and lowered the price target from $11.50 to $11. However, shares of Carnival recovered by almost 4% on Wednesday.

Portfolio Pulse from Ryan Gustafson

October 04, 2023 | 7:29 pm

DAL

BofA Securities analyst Andrew G. Didora reiterated a Buy rating on Delta Air Lines Inc (DAL) with a price target of $50. The analyst expects no surprises in the upcoming 3Q23 earnings report due to the company's mid-September update. However, he sees a decrease in 4Q23 EPS to $1.00 from $1.09 due to cost pressures. The analyst also forecasts a 9.3% revenue growth in 4Q23 and believes DAL could guide to revenue growth of 8-11%. The 2023E EPS has been revised to $5.85 from $5.88, below the company's guided range of $6 - $7.

Portfolio Pulse from Shivani Kumaresan

October 04, 2023 | 7:24 pm

BAC

Bank of America Corp (BAC) shares have been trading lower, adding to losses of over 6% in the last week. This is due to rising Treasury yields, which make equities less attractive and borrowing more expensive. Morgan Stanley has cut its price target on BAC from $34 to $32 due to concerns over high earnings expectations. BAC is set to report Q3 results on Oct. 17, with an expected earnings of 80 cents per share on a revenue of $25.21 billion.

Portfolio Pulse from Adam Eckert

October 04, 2023 | 7:16 pm

BUD

TLRY

Tilray, Inc. (NASDAQ: TLRY) reported a 15% YoY increase in net revenue to $177 million in its Q1 financial results. Despite frustrations over the company's stock performance, CEO Irwin Simon expressed satisfaction with the company's progress, including its 13.4% share of the Canadian cannabis market and its position as the fifth-largest craft brewer in the U.S., following its acquisition of eight beer and beverage brands from Anheuser-Busch. Simon also expressed optimism about potential cannabis legalization in the U.S. and the recent Senate Banking Committee approval of cannabis banking reforms.

Portfolio Pulse from Maureen Meehan

October 04, 2023 | 7:09 pm

ATEN

KA

PXLW

RPM

TSE

VINO

VVOS

U.S. stocks traded mixed with the Dow Jones index falling over 50 points and the NASDAQ rising 0.77%. RPM International Inc reported better-than-expected Q1 results with sales growing 4.1% YoY to $2.01 billion. Pixelworks, Gaucho Group Holdings, and Vivos Therapeutics saw their shares rise after positive news. However, Kineta, A10 Networks, and Trinseo saw their shares drop due to negative news.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 6:30 pm

ANGO

AngioDynamics Inc (ANGO) reported Q1 FY24 adjusted EPS loss of $(0.12), beating the consensus of $(0.13) but higher than $(0.06) reported a year ago. Q1 sales decreased 3.5% Y/Y to $78.68 million, beating the analyst consensus of $77.69 million. The company expects its fiscal year 2024 net sales to be $328 million - $333 million and adjusted EPS loss of $(0.28) - $(0.34). ANGO shares are up 2.76% at $7.39.

Portfolio Pulse from Vandana Singh

October 04, 2023 | 6:09 pm

AAPL

Apple Inc (NASDAQ:AAPL) executives, including CEO Tim Cook, have sold shares totaling $134.58 million as part of a prearranged trading program. This comes after Apple's Q1 report in February showed earnings per share of $1.88, falling short of the projected $1.94, largely due to underperforming iPhone 14 sales. The recent launch of the iPhone 15 raises questions about the company’s performance expectations for the upcoming quarter.

Portfolio Pulse from AJ Fabino

October 04, 2023 | 5:42 pm