Streetbeat News

Earnings

RBLX

Roblox Corp (NYSE:RBLX) has acquired Finnish voice tech startup, Speechly, to strengthen its voice chat capabilities and enhance its moderation tools for real-time communication. The financial terms of the deal remain undisclosed. Speechly's technology will be invaluable for Roblox as it seeks to ensure a safe and civil environment for its users. Roblox recently reported Q2 FY23 bookings growth of 22% YoY to $780.7 million, but missed revenue consensus.

Portfolio Pulse from Anusuya Lahiri

September 20, 2023 | 6:19 pm

FDX

GEG

GIS

KBH

LZM

Earnings reports are scheduled for September 20, 2023. Companies reporting before the bell include General Mills (NYSE:GIS) and Lifezone Metals (NYSE:LZM). Companies reporting after the bell include KB Home (NYSE:KBH), FedEx (NYSE:FDX), and Great Elm Group (NASDAQ:GEG).

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 6:11 pm

SCS

Steelcase reported better-than-expected Q2 financial results and issued Q3 and FY24 EPS guidance above estimates. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 5:02 pm

FDX

UPS

FedEx Corp (FDX) is benefiting from United Parcel Service Inc’s (UPS) costly labor dispute, with its shares climbing nearly 61% over the past year. FedEx is expected to issue first-quarter earnings of $3.74 per share on revenues of $21.81 billion. Despite estimates pointing to a drop in sales, the company is expected to report an 8% year-over-year rise in adjusted EPS. FedEx's dividends also offer potential monthly income for investors.

Portfolio Pulse from AJ Fabino

September 20, 2023 | 4:33 pm

APLS

Apellis Pharmaceuticals has seen a significant increase in call options for November 17 at $55, with 1186 contracts at $4.0, compared to an open interest of 238. The company is expected to release its earnings report on November 6.

Portfolio Pulse from Charles Gross

September 20, 2023 | 4:27 pm

SEZL

Sezzle reported its total income for August, following which its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:26 pm

AAP

AZO

ORLY

AutoZone, Inc. (NYSE:AZO) reported fiscal fourth quarter earnings and sales that exceeded expectations due to soaring international demand and improved margins. However, domestic commercial growth was lower than expected, causing shares to drop. The company faces competition from Advance Auto Parts Inc (NYSE:AAP) and O'Reilly Automotive Inc (NASDAQ:ORLY). AutoZone's revenue for the quarter was $5.69 billion, a 6.4% YoY increase, and net income was $864.8 million or $46.46 per share, a 6.8% rise. However, domestic sales fell short of expectations, increasing only 3.9% to $1.49 billion. The company's new CEO, Bill Hackney, is expected to address the disappointing U.S. growth and expand the commercial business.

Portfolio Pulse from Upwallstreet

September 20, 2023 | 4:22 pm

CATC

FRTX

GIS

ICCM

SCS

SEEL

SPRY

U.S. stocks traded mixed with the Nasdaq Composite turning lower. General Mills Inc reported better-than-expected earnings for its first quarter. Steelcase Inc. reported better-than-expected results for its second quarter. Shares of Cambridge Bancorp surged after the company announced a merger with Eastern Bankshares. Fresh Tracks Therapeutics shares were up after the company announced a plan of liquidation and dissolution. Seelos Therapeutics shares dropped after its SLS-002 Phase II study did not meet the pre-defined primary endpoint. ARS Pharmaceuticals shares were down after the FDA issued a Complete Response Letter regarding its New Drug Application. IceCure Medical shares fell after the FDA denied its De Novo Classification request for breast cancer.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 4:09 pm

VCEL

J Capital Research has released a short report on Vericel Corporation (NASDAQ:VCEL), a company specializing in cartilage-repair and burn treatment products. Despite promising applications, Vericel has consistently underperformed, with losses each year since 1996, except for a $2.9 million profit in 2020. The company's market capitalization has grown by 38% to $1.7 billion, coinciding with an increase in losses over the past three years. Vericel's management continues to award itself generous stock-based compensation packages, despite the company's financial struggles.

Portfolio Pulse from Vandana Singh

September 20, 2023 | 4:04 pm

AZO

AutoZone's stock price is trading higher after several firms increased their price targets following the company's Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:01 pm