Streetbeat News

Earnings

HELE

Helen of Troy reported its Q2 financial results and issued guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:37 pm

CALM

Cal-Maine Foods reported worse-than-expected Q1 sales results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:36 pm

RPM

RPM International Inc. reported better-than-expected Q1 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:35 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) announced its Bitcoin production and mining operation updates for September 2023. The company produced 1,242 BTC in September, a 16% increase from the previous month and a 245% increase from September 2022. The company's share of the Bitcoin network's available miner rewards was a record 4.3%. The company's combined unrestricted cash and Bitcoin was $471 million as of September 30, 2023. The company also retired the majority of its convertible debt at a significant discount.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:34 pm

VLGEA

Village Super Market (NASDAQ:VLGEA) reported Q4 sales of $553.80 million, a 4.99% increase from $527.50 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:21 pm

AUID

authID (NASDAQ:AUID), a provider of biometric identity verification and authentication solutions, reported a 300% increase in quarter over quarter sales, securing over $1 million in aggregate Booked Annual Recurring Revenue (BARR). The company signed new customer contracts with a major money services company, a digital bank, and a healthcare services provider. authID's platform offers quick identity verification processing, anti-spoofing checks, and facial biometric matching, among other features.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:10 pm

ROAD

Construction Partners, Inc. has announced its preliminary financial results for FY23 and FY24. The company expects FY23 revenue to be between $1.547 billion and $1.557 billion, compared to $1.30 billion in FY22. Net income for FY23 is expected to be between $44.8 million and $47.0 million, compared to $21.4 million in FY22. The company also provided an outlook for FY24, expecting revenue to be between $1.75 billion and $1.825 billion.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:04 pm

AGR

ALE

D

The most accurate Wall Street analysts recommend holding three high-yielding utility stocks: Dominion Energy, Inc. (D), Avangrid, Inc. (AGR), and ALLETE, Inc. (ALE). These stocks have dividend yields of 6.29%, 6.13%, and 5.31% respectively. Recent news for these companies includes Dominion Energy's Q2 FY23 revenue growth of 5.5%, Avangrid's landmark transfer agreement for an estimated $100 million of 2023 production tax credits, and ALLETE's better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 11:31 am

ANGO

AngioDynamics has reaffirmed its fiscal year 2024 net sales to be in the range of $328 to $333 million, with a gross margin of approximately 50% to 52% and an adjusted loss per share in the range of $0.28 to $0.34. These figures are in line with consensus estimates. The company's FY23 pro forma revenue, gross margin, and adjusted loss per share, excluding assets divested to Merit Medical, were $306.3 million, 50.5%, and $0.43, respectively.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:11 am

TLRY

Tilray Brands has reiterated its adjusted EBITDA target for FY24, expecting it to be between $68M-$78M, an increase of 11%-27% year over year. The company also anticipates generating positive adjusted free cash flow.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:09 am