Streetbeat News

Earnings

SKIL

Skillsoft Corp has reaffirmed its financial outlook for FY24, indicating confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:08 pm

ORCL

Larry Ellison, in Oracle's earnings report, announced that AI development companies have signed contracts to purchase more than $4 billion of capacity in Oracle's Gen2 Cloud.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 8:07 pm

SKIL

Skillsoft reported Q2 losses of $(0.20) per share, missing the analyst consensus estimate of $(0.19) by 5.26%. This is a 322.22% decrease over earnings of $0.09 per share from the same period last year. However, the company's quarterly sales of $141.19 million beat the analyst consensus estimate of $139.21 million by 1.42%, a 0.44% increase over sales of $140.57 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:07 pm

ORCL

Oracle's Q1 report shows significant growth in various cloud sectors. Cloud revenue is up 30%, cloud infrastructure revenue has increased by 66%, cloud application revenue has risen by 17%, Fusion Cloud ERP revenue is up 21%, and NetSuite Cloud ERP revenue has also increased by 21%.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 8:07 pm

ORCL

Oracle reported Q1 earnings of $1.19 per share, beating the analyst consensus estimate of $1.15 by 3.48%. This is a 15.53% increase from last year. However, the company's quarterly sales of $12.45 billion missed the analyst consensus estimate of $12.46 billion by 0.06%, though it's an 8.81% increase from last year.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 8:05 pm

BIOX

Bioceres Crop Solutions (NASDAQ:BIOX) reported Q4 sales of $104.70 million, missing the analyst consensus estimate of $107.65 million by 2.74 percent. This represents a 0.99 percent decrease over sales of $105.75 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:05 pm

AVTA

CRNX

GRNT

SGMA

SJM

TNON

TWNK

U.S. stocks traded higher with the Nasdaq Composite gaining over 1%. JM Smucker announced an acquisition of Hostess Brands for $5.60 billion in cash & stock. Hostess Brands shares spiked 19% following the announcement. Other notable movements include Crinetics Pharmaceuticals shares shooting up 64% after positive Phase 3 study results, Avantax shares gaining 29% after agreeing to be acquired by Cetera Holdings, and SigmaTron International shares dropping 50% after releasing Q1 earnings.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 6:31 pm

FDX

UPS

Morgan Stanley analyst Ravi Shanker has reiterated an Equal-weight rating on FedEx Corp (FDX) shares and raised the price target from $186 to $200. The analyst expects F1Q24 to come in just above consensus at the EBIT level and estimated an adjusted EPS of $3.69. The analyst believes FedEx will benefit from disruptive events in the quarter, such as UPS labor negotiations and the Yellow Chapter 11 filing. However, the analyst does not believe the parcel environment has accelerated materially.

Portfolio Pulse from Shivani Kumaresan

September 11, 2023 | 5:49 pm

SPCE

An option alert has been issued for Virgin Galactic Holdings, with a sweep of 500 calls for January 2025 at $4.5 near the ask price of $0.54. This is compared to an open interest of 56. The company's earnings report is expected on November 2nd after market close. The reference price is $2.1183.

Portfolio Pulse from Charles Gross

September 11, 2023 | 4:55 pm

SPR

Spirit AeroSystems Holdings (SPR) has seen a significant option alert for October 20 $20 calls. A total of 1528 contracts were traded near the ask price at $0.6, compared to an open interest of 262. The company is expected to announce its earnings on November 2 before the market opens.

Portfolio Pulse from Charles Gross

September 11, 2023 | 4:22 pm