Streetbeat News

Earnings

BIOX

Bioceres Crop Solutions reported worse-than-expected Q4 sales results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:51 pm

CGNT

Cognyte Software reported better-than-expected Q2 financial results and issued FY24 EPS and revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:50 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) is set to report its quarterly earnings on Sept. 14, 2023. Options traders are bullish, with Adobe trading around 1.5x its average daily call volume. The options market implies a +/-5% move post-earnings release, in line with its historic average. Analysts expect earnings of $3.98 per share on revenue of $4.87 billion. Adobe shares gained 0.7% to close at $564.50 on Monday.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 12:38 pm

COSM

Cosmos Health has projected its FY26 revenue to surpass $180 million, with EBITDA exceeding $20 million.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:35 pm

ORCL

Oracle reported mixed Q1 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:23 pm

OCC

Optical Cable (NASDAQ:OCC) reported Q3 earnings of $0.01 per share, a 120% increase YoY. However, the company's sales decreased by 2.78% to $16.90 million compared to $17.38 million in the same period last year.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 12:22 pm

GFS

GlobalFoundries Inc (NASDAQ:GFS) has opened a $4 billion fabrication plant in Singapore, aiming to strengthen its position in the semiconductor manufacturing sector. The facility will create 1,000 jobs and add 450,000 wafers to GF's annual production capacity. In Q2 FY23, the company reported a 7.4% YoY revenue decline to $1.85 billion, beating the consensus of $1.83 billion. CFO Tim Stone left the company in July, and David Reeder will remain CFO until the end of 2023.

Portfolio Pulse from Anusuya Lahiri

September 12, 2023 | 12:09 pm

AAMC

ALEX

ESS

MAA

NXDT

The article lists five real estate stocks that are currently oversold and could present buying opportunities. These include Altisource Asset Management Corporation (AAMC), NexPoint Diversified Real Estate Trust (NXDT), Alexander & Baldwin, Inc. (ALEX), Essex Property Trust, Inc. (ESS), and Mid-America Apartment Communities, Inc. (MAA). The companies have recently announced changes in leadership, declared dividends, and reported quarterly earnings.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 12:08 pm

CGC

CING

CXAI

DATS

OCTO

ORCL

SGHT

SLRN

SWIN

VS

Several stocks experienced significant pre-market trading movements. Acelyrin, Inc. (SLRN) shares fell 58.5% due to a failed primary endpoint. Sight Sciences, Inc. (SGHT) shares fell 29.3% after issuing below-estimate Q3 revenue guidance and cutting FY23 revenue guidance. Versus Systems Inc. (VS), CXApp Inc. (CXAI), Eightco Holdings Inc. (OCTO), Cingulate Inc. (CING), Solowin Holdings (SWIN), DatChat, Inc. (DATS), Canopy Growth Corporation (CGC), and Oracle Corporation (ORCL) also saw pre-market trading declines.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 12:00 pm

SGHT

Sight Sciences has issued Q3 revenue guidance below estimates and also cut its FY23 revenue guidance below estimates. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 11:45 am