Streetbeat News

Earnings

LVO

Liveone (LVO) has raised its guidance to 800k-825k new paid members for this fiscal year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:27 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) is set to report its Q3 financial results on Sept. 14, 2023. Analysts predict earnings of $3.98 per share, up from $3.4 per share a year ago, and revenue of $4.87 billion, up from $4.43 billion. Adobe's stock closed at $553.56, up 2.1%. Several analysts have revised their price targets for Adobe, with the highest being $660.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 2:24 pm

DAL

Delta Air Lines has lowered its Q3 profit guidance, following similar moves by other airlines. The company now expects Q3 earnings per share of $1.85-$2.05, down from the previous expectation of $2.20-$2.50. Total revenue growth is expected to be within the upper half of initial guidance of +11% to +14%. The airline also anticipates a 1% to 2% rise in non-fuel unit costs for the September quarter, primarily due to unexpectedly higher maintenance costs.

Portfolio Pulse from Akanksha Bakshi

September 14, 2023 | 1:58 pm

MYTE

Mytheresa reported its Q4 financial results, which led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:17 pm

IBEX

IBEX reported worse-than-expected Q4 financial results and issued Q1 and FY24 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:03 pm

CBRL

Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported better-than-expected earnings for Q4 FY23, with an adjusted EPS of $1.79, beating the consensus estimate of $1.61. However, the company's revenue growth of 0.8% YoY to $836.7 million missed the analyst consensus of $842.61 million. The company expects Q1 sales of $800 million - $850 million. The company's dividend yield is currently 7.01%, with a quarterly dividend amount of $1.30 a share. The company's shares fell 3% to close at $71.93 on Wednesday.

Portfolio Pulse from Priya Nigam

September 14, 2023 | 1:02 pm

DAL

Delta Air Lines has announced that its total revenue growth for the September quarter is expected to be within the upper half of its initial guidance. The company also expects its September quarter earnings per share (EPS) to be between $1.85 and $2.05, and reaffirms its full-year guidance for earnings of $6-$7 per share.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:40 pm

Stig Asmussen, the video game director known for reviving Electronic Arts Inc's (NASDAQ:EA) Star Wars game franchise, is leaving the company. This comes as a significant development in the gaming world. Asmussen's departure is expected to be managed by seasoned Respawn leaders who will continue work on 'Star Wars Jedi: Survivor'. Asmussen's success was pivotal in elevating Respawn to one of EA's top studios. Recently, EA reported Q1 net bookings of $1.578 billion, up 21% YoY, and earnings per share of $1.47, beating the consensus of $1.09.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 12:28 pm

AMC

CUEN

IHS

STBX

TGL

The article lists the top 5 oversold stocks in the communication services sector, which include Starbox Group Holdings Ltd. (STBX), Cuentas Inc. (CUEN), AMC Entertainment Holdings, Inc. (AMC), IHS Holding Limited (IHS), and Treasure Global Inc. (TGL). These stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30. The companies have recently reported various updates such as increased sales, new employment agreements, equity offerings, lowered guidance, and new ventures.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 12:08 pm

AVTX

BIOL

EIGR

FFIE

GMBL

IBEX

NVOS

OKYO

RNAZ

SALM

Several stocks experienced significant movement in pre-market trading. TransCode Therapeutics (RNAZ) rose 43.3%, Avalo Therapeutics (AVTX) rose 39.5% after agreeing to divest AVTX-800 series, and Esports Entertainment Group (GMBL) gained 30.1%. Eiger BioPharmaceuticals (EIGR) rose 17.6% despite discontinuing a Phase 3 study. Salem Media Group (SALM) rose 17%, Faraday Future (FFIE) rose 14.7% after delivering a vehicle to a Netflix star, and Novo Integrated Sciences (NVOS) jumped 8.7% after its product was approved by Turkey's Ministry of Health. On the downside, BIOLASE (BIOL) fell 43.3% after announcing a public offering, OKYO Pharma (OKYO) fell 22.7% after announcing a public offering, and IBEX Limited (IBEX) fell 11.1% after reporting downbeat Q4 results and a weak FY24 revenue outlook.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 12:05 pm