Streetbeat News

Earnings

PLAB

Photronics, Inc. has projected its Q4 revenue for fiscal 2023 to be between $222 million and $232 million, with non-GAAP net income per diluted share expected to range from $0.51 to $0.59. These estimates are slightly below the previous estimate of $231 million in revenue and $0.54 per share.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:26 am

PLAB

Photronics reported Q3 earnings of $0.51 per share, missing the analyst consensus estimate of $0.52 by 1.92%. The company's quarterly sales were $224.21 million, missing the estimate of $230.00 million by 2.52%. However, this represents a 1.94% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:23 am

CNC

Centene Corporation will be presenting at the Wells Fargo 2023 Healthcare Conference today. The company reaffirms its previously issued 2023 adjusted EPS guidance of at least $6.45, slightly below the consensus of $6.5. It also maintains its 2024 adjusted EPS guidance of over $6.60, again slightly below the consensus of $6.69.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:22 am

ASAN

EGHT

ENB

STEM

Several stocks traded lower in Wednesday's pre-market session, including Enbridge, Enel Chile, Hyzon Motors, Stem, 8x8, Asana, Telefónica, and Aehr Test Systems. Enbridge's shares dipped 8% after it announced acquisitions from Dominion Energy. Enel Chile, Hyzon Motors, and Aehr Test Systems also saw declines. Stem's shares fell following a downgrade by Morgan Stanley. 8x8 shares declined despite the announcement of a new solution to safeguard customers from fraudulent SMS activity. Asana's shares declined despite reporting upbeat Q2 results. Telefónica's shares declined after Saudi Telecom Co. bought a stake in the company.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 10:22 am

UAL

United Airlines Holdings has reaffirmed its Q3 capacity, operating revenue, and CASM-ex expectations, consistent with the guidance provided on July 19, 2023, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:18 am

ROKU

Roku Inc has revised its Q3 total net revenue forecast to $835M-$875M, up from the previous estimate of $815M, and above the estimated $829.19M. This comes after the company announced plans for workforce reduction. However, the company expects its total gross profit and net income to be impacted by restructuring and impairment charges, with an adjusted EBITDA in the range of negative $40M to negative $20M.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:14 am

ZFOX

ZeroFox ended Q2 FY24 with 1,304 subscription customers, including 175 customers with an annual recurring revenue (ARR) over $100,000. This represents a year-over-year increase of 35%.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:10 am

ZFOX

ZeroFox expects Q3 2024 revenue to be between $55.0M-$57.0M, higher than the estimated $50.37M. The company also forecasts FY24 revenue to be $214.0M-$217.0M, surpassing the $200.68M estimate. However, it anticipates a non-GAAP loss from operations of $6.2M-$5.4M for Q3 and $27.0M-$25.0M for FY24.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:08 am

ZFOX

ZeroFox Holdings (NASDAQ:ZFOX) reported Q2 losses of $(0.14) per share, missing the analyst consensus estimate of $(0.09) by 55.56%. However, the company's quarterly sales of $62.20 million beat the analyst consensus estimate of $51.82 million by 20.03%.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:03 am

MITK

Mitek Systems Inc's shares surged over 15% following its Q1 FY23 results. The company reported a 41% Y/Y increase in total revenue to $45.7 million, partly due to a large, multi-year mobile deposit contract. Adjusted EPS of $0.31 surpassed the consensus of $0.20. The company also raised its FY23 revenue outlook to $169.0 million-$171.0 million, up from $162.0 million-$165.0 million. The Nasdaq hearings panel has granted its request for continued listing pending its return to compliance with the filing requirement.

Portfolio Pulse from Lekha Gupta

September 06, 2023 | 9:54 am