Streetbeat News

Earnings

EPM

Evolution Petroleum (AMEX:EPM) reported Q4 adjusted earnings of $0.00 per share, missing the analyst consensus estimate of $0.06 by 98.33%. This is a 99.77% decrease from the same period last year. The company also reported quarterly sales of $18.17 million, missing the analyst consensus estimate of $21.64 million by 16.02%, a 56.75% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:17 pm

EGIO

Edgio reported Q2 adjusted EPS of $(0.09), beating the estimate of $(0.11) by 18.18%. This is a 228.57% decrease from last year's earnings. The company's quarterly sales were $95.80M, surpassing the estimate of $95.31M by 0.51%. This is a 28.92% increase from last year's sales.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 8:12 pm

LSAK

Lesaka Technologies (NASDAQ:LSAK) reported Q4 sales of $133.10 million, beating the analyst consensus estimate of $129.94 million by 2.43 percent. This represents a 9.29 percent increase over sales of $121.79 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:10 pm

GLBS

Globus Maritime (NASDAQ:GLBS) reported Q2 losses of $(0.06) per share, a 111.11% decrease from $0.54 per share YoY. Sales also decreased by 59.25% to $7.80 million from $19.14 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:06 pm

MAMA

Mama's Creations (NASDAQ:MAMA) reported Q2 earnings of $0.05 per share, beating the analyst consensus estimate of $0.02 by 150%. This is a 350% increase over losses from the same period last year. The company also reported quarterly sales of $24.80 million, beating the analyst consensus estimate of $23.30 million by 6.44%. This is an 8.55% increase over sales from the same period last year.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 8:06 pm

ADBE

Adobe shares are trading lower, potentially in sympathy with Oracle, which fell on Q1 earnings.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 7:28 pm

VALU

Value Line (NASDAQ:VALU) reported Q1 earnings of $0.52 per share, a 10.64% increase from $0.47 per share in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 7:25 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) shares are trading lower, pulling back from recent strength. The stock had moved higher following NVIDIA's earnings report, but fell over 4% ahead of Adobe's Q3 earnings report. Analysts from BMO Capital and Wells Fargo raised their price targets on Adobe to $640 and $625 respectively.

Portfolio Pulse from Ryan Gustafson

September 12, 2023 | 7:23 pm

ORCL

Oracle Corp (ORCL) reported Q1 revenue of $12.45 billion, up 9% YoY, and adjusted EPS of $1.19, beating estimates. However, the company's Q2 growth outlook was lower at 3-5%. Analysts from Piper Sandler, Wolfe, Mizuho, William Blair, JMP, Goldman Sachs, and BofA weighed in on the company's performance and future prospects. Despite some concerns about near-term growth, analysts generally remain positive about Oracle's long-term prospects, particularly in the cloud sector.

Portfolio Pulse from Anusuya Lahiri

September 12, 2023 | 6:52 pm

AVTX

CGNT

DTSS

ORCL

SGHT

SLRN

TNON

US stocks traded mostly lower with the Nasdaq Composite falling over 100 points. Energy shares jumped by 2.4%. Oracle Corporation's shares fell around 12% after releasing first-quarter results. Tenon Medical, Avalo Therapeutics, and Cognyte Software shares rose significantly. Acelyrin, Sight Sciences, and Datasea shares dropped significantly. Oil traded up 2% while gold traded down 0.6%.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 6:44 pm