Streetbeat News

Earnings

ALV

AMPX

IBEX

PCT

SPCE

VTLE

Several stocks recorded losses in Thursday's pre-market trading session. PureCycle Technologies (PCT) shares fell 14.6%, Ivanhoe Electric (IE) dipped 12.2% after pricing its public offering, IBEX Limited (IBEX) declined 11.1% following downbeat Q4 results and weak FY24 revenue outlook, Vital Energy (VTLE) fell 8.4% after announcing a public offering and plans for senior notes, Amprius Technologies (AMPX) declined 7%, Autoliv (ALV) fell 4.4%, and Virgin Galactic (SPCE) declined 2.6%.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 10:06 am

MYTE

MYT Netherlands Parent (Mytheresa) reported Q4 adjusted earnings of $0.01 per share, missing the analyst consensus estimate of $0.03 by 66.67%. This is a 93.33% decrease from the same period last year. However, the company's quarterly sales of $222.08 million beat the analyst consensus estimate of $208.72 million by 6.40%, marking a 19.18% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 10:05 am

MYTE

Mytheresa, a luxury fashion e-commerce company, reported a Gross Merchandise Value (GMV) growth of 13.0% in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 10:02 am

ADBE

CPRT

IBEX

LEN

SMTC

Lennar Corporation, Semtech Corporation, Adobe Inc., IBEX Limited, and Copart, Inc. are the stocks to watch heading into Thursday. Lennar and Copart are expected to report their quarterly earnings, while Semtech and IBEX have reported mixed results. Adobe is also expected to release its earnings.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 8:20 am

ADBE

CBRL

CPRT

LEN

The CNN Money Fear and Greed index showed a decline in investor sentiment following higher-than-expected inflation data for August. Cracker Barrel Old Country Store Inc reported Q4 FY23 revenue growth of 0.8% YoY, missing analyst consensus. Investors are awaiting earnings results from Lennar Corporation, Adobe Inc., and Copart, Inc.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 7:28 am

LEN

Lennar Corporation (NYSE:LEN) is expected to report lower Q3 earnings at $3.51 per share, down from $5.03 per share a year ago. The company's revenue is also expected to decrease to $8.45 billion from $9.01 billion. Lennar shares fell 0.5% to close at $115.97 on Wednesday. Several analysts have recently adjusted their price targets for the company, with the most recent changes ranging from $105 to $161.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 7:16 am

YUMC

Yum China (YUMC) has announced plans to expand its store count to 20,000 by 2026, aiming for a double-digit compound annual growth rate (CAGR) in earnings per share (EPS). The company also targets to return $3 billion to shareholders from 2024 to 2026.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:30 am

IPHA

Innate Pharma (NASDAQ:IPHA) reported a 77.78% decrease in quarterly earnings YoY, with EPS of $0.02, down from $0.09. Sales also decreased by 12.17% to $43.81 million. The company's cash position as of June 30, 2023, was €124.7 million, with an anticipated cash runway into H2 2025.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 5:26 am

ALPP

BTCM

FOXO

HKIT

IDAI

MARK

MTC

RSSS

SMTC

VERI

WETG

WRAP

Several information technology stocks experienced significant movement in Wednesday's after-market session. Notable gainers included Research Solutions (RSSS), MMTEC (MTC), Alpine 4 Holdings (ALPP), Remark Hldgs (MARK), Wrap Technologies (WRAP), and Veritone (VERI). On the other hand, WeTrade Group (WETG), T Stamp (IDAI), Semtech (SMTC), FOXO Technologies (FOXO), BIT Mining (BTCM), and Hitek Global (HKIT) saw declines.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 9:31 pm

JYNT

The Joint Corp. has reduced its FY23 revenue outlook from $123M-$128M to $115M-$118M, which is below the estimated $123.94M.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 9:00 pm