Streetbeat News

Earnings

RKLB

Rocket Lab USA Inc (RKLB) has reduced its Q3 FY23 financial outlook following a premature termination of its 41st mission launch. The company has lowered its Q3 revenue outlook to $66 million-$68 million, down from the previous $73 million-$77 million. The company also cut its adjusted gross margin expectations to 26%-28% from 28%-30%. The outlook reflects the postponement of a scheduled Electron mission launch as the company investigates the in-flight anomaly.

Portfolio Pulse from Lekha Gupta

September 27, 2023 | 12:18 pm

SANW

S&W Seed Company has projected its FY24 revenue to be within the range of $76M-$82M, which is below the consensus estimate of $95.25M. This represents an expected increase of 3%-12% YoY.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:08 pm

SANW

S&W Seed (NASDAQ:SANW) reported Q4 adjusted losses of $(0.13) per share, missing the analyst consensus estimate of $(0.09) by 44.44%. However, the company reported quarterly sales of $23.05 million, beating the analyst consensus estimate of $18.00 million by 28.08%.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:04 pm

BEDU

Bright Scholar Education (NYSE:BEDU) reported a 300% increase in quarterly adjusted losses to $(0.16) per ADS from $(0.04) YoY. However, the company's sales increased by 22.74% to $82.48 million from $67.20 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:11 am

AMR

ZKIN

Alpha Metallurgical Resources, Inc. (NYSE:AMR) and ZK International Group Co., Ltd. (NASDAQ:ZKIN) are considered overbought in the materials sector, with RSI values of 74.55 and 70.05 respectively. AMR reported better-than-expected Q2 earnings and closed at $245.26 on Tuesday. ZKIN shares surged over 40% in the past month and closed at $0.73 on Tuesday.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 11:07 am

AYTU

CNXC

FUL

JEF

NAPA

PAYX

SANG

SANW

STC

WAVE

WOR

Several companies are scheduled to report their earnings on September 27, 2023. These include Paychex, S&W Seed, Eco Wave Power Global, Aytu BioPharma, Duckhorn Portfolio, Jefferies Financial Gr, Concentrix, Micron Technology, Stewart Information Servs, Sangoma Technologies, H.B. Fuller, and Worthington Industries.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 11:07 am

BEDU

Bright Scholar Education (NYSE:BEDU) reported Q3 adjusted losses of $(0.04) per share, a 7.5% decrease YoY. However, the company's sales increased by 26.12% to $84.75 million compared to $67.20 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 10:28 am

CPK

NEE

NextEra Energy Inc's subsidiary Florida Power & Light Company has agreed to sell Florida City Gas to Chesapeake Utilities Corp for $923 million in cash. The deal is expected to close in Q4 FY23. NextEra expects the transaction to be accretive to its earnings immediately upon closure and reiterated its guidance for adjusted EPS at $2.98-$3.13 for 2023 and $3.23-$3.43 for 2024. Chesapeake's Florida portfolio is expected to contribute about 60% of its total utility net plant and operating income post-acquisition.

Portfolio Pulse from Lekha Gupta

September 27, 2023 | 10:00 am

CDT

COST

DCGO

GWH

MOND

RDZN

Several big stocks are recording losses in today's pre-market trading session. These include Conduit Pharmaceuticals Inc., Roadzen, Inc., DocGo Inc., ESS Tech, Inc., Lufax Holding Ltd, Mondee Holdings, Inc., and Costco Wholesale Corporation. Costco reported better-than-expected earnings and sales results for its fourth quarter on Tuesday.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 9:55 am

APWC

Asia Pacific Wire & Cable (NASDAQ:APWC) reported H1 earnings of $0.00 per share, a 105% increase YoY. However, sales decreased by 6.71% to $193.48M from $207.40M YoY.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 9:51 am