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Earnings

AREB

CBAY

WHLR

Wheeler Real Estate Investment Trust (WHLR) posted Series D redemption forms on its website, causing its stock to surge by 135%. American Rebel Holdings (AREB) shares rose by 81% premarket after its subsidiary Champion Safe received a high volume of calls from customers seeking alternatives to Liberty Safe products. CymaBay Therapeutics (CBAY) announced that its drug Seladelpar achieved high statistical significance in a Phase 3 trial, leading to a 31% increase in its stock.

Portfolio Pulse from ryanfaloona@benzinga.com

September 07, 2023 | 12:41 pm

TTC

Toro Company has revised its FY23 net sales forecast, now expecting similar to slightly higher sales than the prior fiscal year. This is a change from its previous forecast of a 7%-8% growth in net sales.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:38 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) announced its unaudited mining and operations updates for August 2023, revealing that it mined 383 Bitcoins through its self-mining business, representing annual and monthly increases of 124.0% and 74.1%, respectively. The company's Gedu Datacenter entered full operations with approximately 30,000 mining machines energized, boosting the company's aggregate electrical capacity by 100MW and adding approximately 3.3EH/s to its proprietary hash rate.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:38 pm

PATH

UiPath Inc (NYSE:PATH) reported better-than-expected Q2 results, with earnings of nine cents per share and sales of $287 million, beating analyst consensus estimates. The company also provided upbeat Q3 and full-year 2024 revenue guidance. Following the earnings announcement, RBC Capital and BMO Capital increased their price targets on UiPath from $18 to $19, while Needham maintained a $20 price target. UiPath shares gained 2% in pre-market trading.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:38 pm

TTC

Toro Company has reduced its FY23 adjusted EPS guidance from $4.70-$4.80 to $4.05-$4.10, which is below the estimated $4.79.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:36 pm

TTC

Toro (NYSE:TTC) reported Q3 adjusted earnings of $0.95 per share, missing the analyst consensus estimate of $1.24 by 23.39%. This is a 20.17% decrease from the same period last year. The company also reported quarterly sales of $1.08 billion, missing the analyst consensus estimate of $1.22 billion by 11.39%, a 6.89% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:31 pm

MEI

Methode Electronics, Inc reported mixed Q1 results and provided a disappointing Q2 guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:28 pm

SPWH

WRK

Several stocks have shown significant movement in pre-market trading. WestRock Company (NYSE:WRK) gained 11.6% as it is nearing a deal to merge with Smurfit Kappa. Other gainers include American Rebel Holdings, Inc. (NASDAQ:AREB), Artelo Biosciences, Inc. (NASDAQ:ARTL), and Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR). On the other hand, Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) fell 25.8% after posting downbeat Q2 results. Other losers include NeuBase Therapeutics, Inc. (NASDAQ:NBSE), Verint Systems Inc. (NASDAQ:VRNT), and Yext, Inc. (NYSE:YEXT).

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:10 pm

MREO

Mereo BioPharma Group reported H1 EPS of $(0.03) and sales of $9.00M, down 82.22% from $50.61M YoY. The company's cash balance of $53.1M is expected to fund operations into 2026.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:37 am

WLY

Wiley has reaffirmed its financial outlook for fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:32 am