Streetbeat News

Earnings

SNX

TD Synnex Corp (NYSE:SNX) reported a 9.1% Y/Y decline in Q3 revenue to $13.96 billion, missing the consensus of $14.11 billion. However, its adjusted EPS of $2.78 (+1.5% Y/Y) surpassed the consensus of $2.48. The company expects Q4 revenue of $14.0 billion-$15.0 billion, adjusted EPS of $2.40-$2.90, and adjusted gross billings in the range of $18.5 billion - $19.7 billion. TD Synnex has a dividend yield of 1.45%, which is a quarterly dividend amount of $0.35 a share ($1.40 a year).

Portfolio Pulse from Priya Nigam

September 27, 2023 | 12:42 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) will install six Level 2 chargers at Jon Henry's General Store in New Market, Virginia, as part of its commitment to the Mid-Atlantic Electrification Partnership. This move is in line with Blink's mission to reduce greenhouse gas emissions caused by transportation. The company recently reported its strongest quarterly earnings in history, with total revenues of nearly $33 million. Blink also raised its 2023 revenue target from $100 – $110 million to $110 – $120 million.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:39 pm

PAYX

Paychex has projected an adjusted EPS growth of 9% - 11% for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:36 pm

COST

Costco Wholesale Corp (NASDAQ:COST) shares are trading lower following the company's Q4 results. The company reported a 9.4% YoY increase in net sales to $77.43 billion and total revenues of $78.939 billion, beating the consensus estimate of $77.9 billion. Costco also reported Q4 earnings of $4.86 per share, beating analyst estimates of $4.79 per share. Despite these positive results, the company's shares were down 1.62% at the time of publication.

Portfolio Pulse from Adam Eckert

September 27, 2023 | 12:36 pm

PAYX

Paychex (NASDAQ:PAYX) reported Q1 adjusted earnings of $1.14 per share, beating the analyst consensus estimate of $1.12 by 1.79%. This is a 10.68% increase from last year. However, the company's quarterly sales of $1.29 billion missed the analyst consensus estimate by 0.31%, though it's a 6.62% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:33 pm

MLKN

MillerKnoll reported better-than-expected Q1 financial results and issued Q2 and FY24 EPS guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:30 pm

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