Streetbeat News

Earnings

VWE

Vintage Wine Estates (VWE) has announced that it will restate its previously issued consolidated financial statements for the first, second and third quarters of fiscal 2023 due to a reassessment of technical accounting matters. The company has also refined its fiscal 2023 revenue expectations from $290 million to approximately $280 million with a gross margin of approximately 30%. VWE is seeking to complete the credit agreement amendments within the next two weeks. The company has confirmed Seth Kaufman will join as President and CEO on October 30, 2023.

Portfolio Pulse from Happy Mohamed

September 27, 2023 | 8:35 pm

TSP

TuSimple reported a gross loss of $0.5 million for the first half of the year.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:33 pm

WOR

Worthington Industries (NYSE:WOR) reported Q1 earnings of $2.06 per share, beating the analyst consensus estimate of $2.04 by 0.98 percent. This is a 27.95 percent increase from last year. However, the company's quarterly sales of $1.19 billion missed the analyst consensus estimate of $1.23 billion by 3.01 percent, marking a 15.33 percent decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

September 27, 2023 | 8:32 pm

OSPN

OneSpan has reiterated its fiscal year 2023 revenue guidance of $226M-$232M, which is in line with the estimated $227.21M, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:31 pm

MU

Micron Technology reported Q4 losses of $1.07 per share, beating the analyst consensus estimate of losses of $1.18. The company also reported quarterly sales of $4.01 billion, beating the analyst consensus estimate of $3.91 billion. However, this represents a 39.64% decrease over sales of $6.64 billion in the same period last year. Micron anticipates Q1 earnings per share to be between losses of $1.14 and $1.00, with revenue estimated to be between $4.2 billion and $4.6 billion. The company's stock was down 2.65% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

September 27, 2023 | 8:23 pm

MU

Micron Technology, Inc. (MU) has reported a non-GAAP gross margin percentage of 9.1% for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:23 pm

MU

Micron Technology Inc. has forecasted an improvement in free cash flow in the second half of the fiscal year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:20 pm

JEF

Jefferies Financial Gr (NYSE:JEF) reported Q3 earnings of $0.23 per share, missing the analyst consensus estimate of $0.33 by 30.3%. The company also reported quarterly sales of $1.18 billion, missing the estimate of $1.25 billion by 5.44%. This represents a 79.09% decrease in earnings and a 22.49% decrease in sales compared to the same period last year.

Portfolio Pulse from Happy Mohamed

September 27, 2023 | 8:19 pm

CNXC

Concentrix has projected its Q4 adjusted EPS to be between $3.03 and $3.15, which is lower than the estimated $3.32. The company also reported its revenue to be between $2.190B and $2.215B.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:17 pm

CNXC

Concentrix (NASDAQ:CNXC) reported Q3 earnings of $2.71 per share, missing the analyst consensus estimate of $2.84 by 4.58%. This is a decrease of 8.14% from the same period last year. The company also reported quarterly sales of $1.63 billion, missing the analyst consensus estimate of $1.64 billion by 0.43%. This is an increase of 3.35% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:15 pm