Streetbeat News

Earnings

CLSK

CleanSpark Inc. (NASDAQ:CLSK) has released its unaudited bitcoin mining and operations update for the fiscal year ending September 30, 2023. The company mined 6,903 bitcoins during the fiscal year, an 84% increase compared to FY2022. The company's hashrate also increased by 131% compared to FY2022. CleanSpark sold 80 bitcoins in September 2023 at an average price of approximately $26,800 per BTC, equating to proceeds of approximately $2.2 million.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:03 pm

ENVX

Enovix Corporation announced a strategic realignment of its Fab1 facility, which resulted in Q3 production falling short of the company's guidance. This news has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:51 pm

RGF

Real Good Food Company, Inc. (NASDAQ:RGF) reported record dollar sales of $9.94 million in the four-week period ending September 10th, 2023, representing a 27% growth compared to a year ago. The company expects the growth rates to continue to accelerate for the remainder of the year. The overall Frozen category was down 0.4% over the four-week period, while the Health & Wellness Frozen Food subcategory, which includes Real Good Foods, grew modestly at 0.7%.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:40 pm

MKC

McCormick reported worse-than-expected Q3 sales results and issued guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:36 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) announced its September 2023 production and operations updates. The company mined 329 BTC in September, bringing the total to 989 BTC in Q3 2023 and 2,430 BTC year-to-date. It generated approximately $6.5 million of free cash flow in Q3 2023, which will be used to repay debt. The company also participated in multiple demand response programs at the Lake Mariner facility.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:36 pm

MKC

McCormick & Company reported Q3 FY23 sales growth of 6% YoY to $1.684 billion, missing the analyst consensus estimate of $1.70 billion. Consumer segment sales rose 1% to $937.1 million, and Flavor Solutions Segment increased 11.9% to $747.6 million. The company reaffirmed FY23 revenue growth guidance of 5% - 7% and raised FY23 Adjusted EPS outlook to $2.62 - $2.67 from $2.60 - $2.65. MKC shares are trading lower by 4.94% in premarket.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 12:33 pm

CCLD

CareCloud has announced that it expects to incur expenses of approximately $0.5M due to a reduction in its workforce. The majority of these expenses, about $0.4M, are expected to be incurred in 2023, with most of the impacted employees leaving the company in Q4 of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:20 pm

SLE

Super League (NASDAQ:SLE) announced a preliminary Q3 2023 revenue of approximately $7 million, a 55% increase YoY. The company attributes this growth to its ability to attract brands targeting younger audiences with innovative virtual world experiences. Despite recent capital market challenges, Super League has positioned itself for a sustainable future with diverse revenue streams and a healthy pipeline of advertising and publishing partnerships. The company also recently implemented a 1-for-20 reverse stock split to maintain compliance with Nasdaq listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:20 pm

CCLD

CareCloud has announced that it expects an improvement of about $10M in annualized free cash flow, representing about 14% of total payroll cost, following a reduction. The information was disclosed in an SEC 8k filing.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:19 pm

C

Citigroup Inc. (NYSE:C) is expected to release its Q3 earnings on Oct. 13, 2023, with analysts predicting a decrease in earnings per share and revenue compared to the previous year. The bank's dividend yield is currently 5.09%, and the article provides calculations on how much an investor would need to invest in Citigroup to earn a certain amount in dividends each month. The stock price fell 1.5% to close at $40.50 on Monday.

Portfolio Pulse from Priya Nigam

October 03, 2023 | 12:14 pm