Streetbeat News

Earnings

AI

C3.ai has announced that it does not expect to be profitable in Q4, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:54 pm

TNP

Tsakos Energy Navigation (NYSE:TNP) reported Q2 earnings of $1.65 per share, beating the analyst consensus estimate of $1.60 by 3.12%. This is a 25.95% increase from the same period last year. The company also reported quarterly sales of $221.45 million, beating the analyst consensus estimate of $174.10 million by 27.20%. This is a 2.19% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:50 pm

TTC

Toro's shares are trading lower following the company's disappointing Q3 results and a reduction in its FY23 guidance.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:49 pm

AI

C3.ai Inc's shares are trading lower despite beating Q1 revenue and EPS estimates. The company also provided Q2 and full-year revenue guidance, which is in line with estimates. C3.ai announced the launch of C3 Generative AI Suite, a new product offering 28 domain-specific generative AI solutions. Despite the positive news, the stock price fell by 13.5%.

Portfolio Pulse from Adam Eckert

September 07, 2023 | 12:48 pm

SAIC

Science Applications International Corp (SAIC) reported better than expected Q2 results and raised its FY24 guidance. However, the company's shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:46 pm

GME

GameStop Corp (NYSE:GME) reported a 2.5% YoY increase in Q2 sales to $1.16 billion, beating the consensus estimate of $1.14 billion. The company also reported a quarterly loss of 3 cents per share, better than the estimated loss of 14 cents per share. GameStop ended the quarter with $1.195 billion in cash, equivalents and marketable securities. The company's stock was down 1.92% at $18.40 at the time of publication.

Portfolio Pulse from Adam Eckert

September 07, 2023 | 12:46 pm

BRC

GIC

JOB

RBA

VRTV

The article lists five industrials stocks that are considered overbought, indicating they may underperform in the short term. These include Brady Corporation (BRC), Global Industrial Company (GIC), GEE Group Inc. (JOB), Veritiv Corporation (VRTV), and RB Global, Inc. (RBA). All companies have reported better-than-expected results in their recent quarters, but their high Relative Strength Index (RSI) values suggest they are overvalued.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:44 pm

VRNT

Verint Systems Inc. (NASDAQ:VRNT) reported weaker-than-expected Q2 results, with earnings of 48 cents per share and sales of $210.41 million, both below market expectations. Following the announcement, Verint shares dipped 16.8% in pre-market trading. Several analysts, including those from Needham, RBC Capital, Evercore ISI Group, and Oppenheimer, adjusted their price targets and ratings for Verint.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:44 pm

GMGI

Golden Matrix Group (NASDAQ:GMGI) reported Q3 losses of $(0.03) per share, a 250% decrease YoY. However, the company's sales increased by 24.23% to $11.31 million compared to $9.10 million in the same period last year.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:41 pm

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