Streetbeat News

Earnings

GNSS

Genasys has revised its full-year revenue forecast downwards by 15% compared to the previous year. The company has also reduced its Q4 2023 revenue outlook to at least $10M, down from the estimated $13.22M.

Portfolio Pulse from Charles Gross

September 18, 2023 | 11:11 am

ICMB

SFIX

Stitch Fix (NASDAQ:SFIX) and Investcorp Credit (NASDAQ:ICMB) are scheduled to report their quarterly earnings on September 18, 2023. Stitch Fix is expected to report a quarterly loss of $0.21 per share on revenue of $371.36 million, while Investcorp Credit is expected to report earnings of $0.17 per share on revenue of $7.20 million.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 10:35 am

CLX

Clorox has announced that it expects a significant impact on its Q1 financial results due to order processing delays and a high level of product outages, both resulting from a cybersecurity attack. The company is still evaluating the extent of the financial and business impact and it is too early to determine the longer-term impact, including the fiscal year outlook.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:21 am

CLX

Clorox has reported unauthorized activity on some of its IT systems from August 14. The company believes it has contained the incident due to measures taken. However, it anticipates a material impact on its Q1 financial results.

Portfolio Pulse from Charles Gross

September 18, 2023 | 10:19 am

EBF

Ennis (NYSE:EBF) reported Q2 earnings of $0.42 per share, beating the analyst consensus estimate of $0.40 by 5%. However, this is a 10.64% decrease from the same period last year. The company also reported quarterly sales of $106.76 million, beating the estimate of $104.88 million by 1.79%, but this is a 4.02% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:02 am

ADBE

ICMB

LEN

SFIX

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors on Friday, as U.S. stocks closed lower. The S&P 500 and Nasdaq both recorded losses for the second straight week. Adobe Inc. and Lennar Corporation shares fell after reporting third-quarter results. Investors are awaiting earnings results from Stitch Fix, Inc. and Investcorp Credit Management BDC, Inc.

Portfolio Pulse from Lisa Levin

September 18, 2023 | 7:19 am

CHWY

FPH

ICMB

RBT

SFIX

Stitch Fix, Rubicon Technologies, Investcorp Credit Management BDC, Five Point Holdings, and Chewy are the stocks to watch heading into Monday. Stitch Fix is expected to report a quarterly loss at 21 cents per share on revenue of $371.36 million. Rubicon Technologies reported a 1-for-8 reverse stock split. Investcorp Credit Management BDC is expected to have earned 17 cents per share on revenue of $7.20 million. Five Point Holdings named Kim Tobler as CFO. Chewy filed for mixed shelf, but the size of the offering was not disclosed.

Portfolio Pulse from Lisa Levin

September 18, 2023 | 6:59 am

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to reverse its year-over-year revenue decline in the December quarter, according to Bloomberg columnist Mark Gurman. This is due to an improved supply chain and favorable comparisons with 2022’s slow shopping season. The current consensus for the December quarter is $123.5 billion, compared to last holiday season’s revenue of $117.2 billion. The company's new products, including the iPhone 15 Pro and Pro Max, are expected to drive sales this fall.

Portfolio Pulse from Shanthi Rexaline

September 18, 2023 | 12:18 am

AAPL

Apple Inc. (NASDAQ:AAPL) has seen its revenue decline for three consecutive quarters, with a 1.4% drop in the recent quarter. iPhone sales, which account for nearly half of Apple's total earnings, fell by 2.4%. The Chinese government's decision to stop its workers from using iPhones could further impact sales, as nearly 19% of Apple's total sales come from Greater China. However, Apple's services revenue increased by 8% and iPhone sales in emerging markets like India have been strong. Apple plans to launch the Vision Pro virtual reality goggles in 2024.

Portfolio Pulse from Bibhu Pattnaik

September 17, 2023 | 4:43 pm

LEN

First-time homebuyers accounted for 32% of homebuilders' net sales this year, despite a turbulent housing market and high mortgage rates, according to John Burns Research & Consulting. Many are opting for smaller spaces, fixer-uppers, or new single-family homes. The tiny-home movement is also gaining traction, with the Global Tiny Homes Market experiencing significant growth. Additionally, intergenerational financial support is increasing. This news comes as Lennar Corporation (NYSE:LEN), a leading homebuilder, reported Q3 beats on earnings and revenue, with a 37% gain in new home orders.

Portfolio Pulse from Nabaparna Bhattacharya

September 16, 2023 | 7:12 pm