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Earnings

DYNT

FFIE

MOND

NTWK

SCHL

Dynatronics Corporation (DYNT), Scholastic Corporation (SCHL), NETSOL Technologies, Inc. (NTWK), Mondee Holdings, Inc. (MOND), and Faraday Future Intelligent Electric Inc. (FFIE) are stocks to watch heading into Friday. DYNT is expected to report a quarterly loss, SCHL reported downbeat Q1 results, NTWK is expected to report its fiscal Q4 and full year results, MOND approved a $30 million share repurchase program, and FFIE named a new CEO and announced a management stock purchase plan.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 8:56 am

DYNT

FDX

NTWK

The CNN Money Fear and Greed index moved to the 'Fear' zone as U.S. stocks closed sharply lower on Thursday. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range, with a majority of committee members viewing another rate increase as appropriate. FedEx Corporation (FDX) shares gained 4.5% after reporting mixed first-quarter financial results. Investors are awaiting earnings results from Dynatronics Corporation (DYNT) and NETSOL Technologies, Inc. (NTWK).

Portfolio Pulse from Lisa Levin

September 22, 2023 | 7:17 am

THO

Thor Industries, Inc. (NYSE:THO) is expected to report lower Q4 earnings for fiscal 2023, with analysts predicting earnings of 95 cents per share, down from $5.15 per share in the previous year. The company's revenue is also expected to decrease to $2.41 billion from $3.82 billion. THO shares fell 1.7% to close at $95.32 on Thursday. Several analysts have recently updated their price targets for the company, with ratings ranging from 'Hold' to 'Outperform'.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 6:44 am

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares traded lower due to overall market weakness and the company's Q2 earnings report. The company reported a loss of 23 cents per share, better than a loss of 25 cents YoY. Revenue totaled $334.1 million and vehicle deliveries were 9,535 units. VinFast anticipates vehicle deliveries of between 40,000 and 50,000 vehicles in 2023. The stock was also impacted by a rise in Treasury yields after Wednesday's FOMC statement.

Portfolio Pulse from Ryan Gustafson

September 21, 2023 | 9:10 pm

SATL

Satellogic (NASDAQ:SATL) reported a 21.43% decrease in quarterly losses, from $(0.42) per share last year to $(0.33) per share this year. The company also reported a 33.33% increase in sales, from $2.39 million last year to $3.18 million this year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:52 pm

BWA

BorgWarner Inc. has indicated that the initial strikes by the United Auto Workers (UAW) against its North American customers, including Ford, Stellantis, and General Motors, are expected to have a relatively modest impact on its sales. The company's aggregate sales to these customers are expected to be just under $250 million per month on average during 2023.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:46 pm

OI

O-I Glass Inc plans to close its Waco plant, impacting about 300 employees. The company expects to record a charge of approximately $60 million in Q3 2023 related to the closure.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:43 pm

SCHL

Scholastic Corporation (NASDAQ:SCHL) reported Q1 losses of $2.20 per share, missing the analyst consensus estimate of losses of $1.20. The company also reported quarterly sales of $228.50 million, missing the analyst consensus estimate of $268.79 million. The company's stock fell 5.78% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

September 21, 2023 | 8:23 pm

SCHL

Scholastic Corporation (SCHL) shares are trading lower following the company's worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:21 pm

NAII

Natural Alternatives Intl (NASDAQ:NAII) reported a decrease in Q4 earnings and sales YoY. Earnings per share fell by 32.69% to $0.35 from $0.52, and sales dropped by 31.66% to $35.89 million from $52.53 million.

Portfolio Pulse from Happy Mohamed

September 21, 2023 | 8:18 pm