Streetbeat News

Earnings

NKE

Nike's shares are trading higher following the release of the company's Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:17 pm

TAYD

Taylor Devices (NASDAQ:TAYD) reported Q1 earnings of $0.52 per share, a 79.31% increase YoY. The company also reported $9.92M in sales, a 9.16% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:09 pm

JZ

Jianzhi Education Technology Group Company Limited reported its FY22 net revenue of $73.3M, marking a 6.9% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:04 pm

AKTX

Akari Therapeutics reported a net loss of $2.99M for H1 2023, a significant improvement from the $10.8M loss a year ago. The company's cash balance of approximately $7.2M is expected to fund operations into Q1 of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:04 pm

IMKTA

NET

PINS

SMTC

Insider sales were reported for Pinterest, Cloudflare, Semtech, and Ingles Markets. Pinterest's Chief People Officer sold shares worth around $388,485, while the company announced a stock repurchase program. Cloudflare's Director sold shares worth around $1.82 million, as the company announced collaborations with Meta Platforms, Microsoft, and NVIDIA. Semtech's SVP sold shares worth around $464,789 following better-than-expected Q2 results but weak Q3 guidance. Ingles Markets' Director sold shares worth around $151,000 after the company reported Q4 FY22 sales growth.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 12:02 pm

UEC

Uranium Energy Corp (UEC) reported FY23 revenue of $163.95M and stated it has $192.3M in cash and liquid assets, with no debt, as of September 28.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:53 am

APRN

CCL

NKE

QQQ

SPY

Stocks are expected to continue their upward momentum, with focus on the Federal Reserve's preferred inflation gauge. Nike posted positive earnings, supporting the market. Bond yields are easing and oil prices are being monitored. The threat of a government shutdown could impact traders. Major indices rose in Thursday's trading, led by communication services, consumer discretionary, and materials. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained in premarket trading on Friday. Nike, Blue Apron Holdings, and Carnival Corp. are in focus.

Portfolio Pulse from Shanthi Rexaline

September 29, 2023 | 11:38 am

TGL

Treasure Global's Q4 sales have decreased to $15.1M from $16.2M YoY. The company attributes this to its focus on increasing growth in higher margin revenue channels.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:38 am

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) has provided an update on the fire damage at its Debica, Poland facility and the related financial impact on its earnings. The company expects EMEA consumer sales to be negatively affected by $20 million- $25 million in Q3 and $10 million to $15 million in Q4 2023. The company's insurance policy covers $15 million of damage per occurrence, which will reach the deductible limit in Q3 and projects a significant portion of the expense to be reimbursed by the insurance provider. GT also approved a rationalization plan in the Asia Pacific and proposed a reduction of around 700 positions.

Portfolio Pulse from Lekha Gupta

September 29, 2023 | 11:29 am

GNS

Genius Group has projected its FY23 revenue to be between $26M-$29M. The company also expects a net loss of $15.5M to $17M and an adjusted EBITDA net loss of $10M-$12M.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:27 am