Streetbeat News

Earnings

FLXS

Flexsteel Industries (NASDAQ:FLXS) reported Q4 earnings of $0.36 per share, beating the analyst consensus estimate of $0.35 by 2.86%. However, this is a 12.2% decrease from the same period last year. The company also reported quarterly sales of $105.82 million, surpassing the analyst consensus estimate of $103.01 million by 2.73%, but this is a 15.02% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:11 pm

ZM

Zoom Video Communications, Inc. (ZM) reported a 6.9% YoY increase in enterprise customers at the end of Q2, reaching a total of 218,100.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:09 pm

MTRX

Matrix Service Company (NASDAQ:MTRX) announced that it has received fiscal fourth quarter awards of $464 million, resulting in a backlog of $1.1 billion as of June 30, 2023. This is the largest backlog since June 30, 2018. The company also reported total awards in fiscal 2023 of over $1.3 billion, the highest annual total in five years. The company expects its Q4 and full year results for Fiscal 2023 to be in line with consensus.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 8:08 pm

ZM

Zoom has projected its FY24 adjusted EPS to be between $4.63 and $4.67, higher than the estimated $4.30. The company also expects its total revenue to be between $4.485B and $4.495B, slightly above the estimated $4.48B.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:08 pm

ZM

Zoom has projected its Q3 adjusted EPS to be between $1.07 and $1.09, which is higher than the estimated $1.03. However, the total revenue is expected to be between $1.115B and $1.12B, slightly lower than the estimated $1.13B.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:07 pm

MIGI

Mawson Infra Gr (NASDAQ:MIGI) reported Q2 sales of $10.60 million, a 46.41% decrease from $19.78 million in the same period last year. However, the company's self-mined BTC revenue increased by 78% Q/Q to $4.9 million.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:06 pm

ZM

Zoom Video Comms (NASDAQ:ZM) reported Q2 earnings of $1.34 per share, beating the analyst consensus estimate of $1.05 by 27.62%. The company also reported quarterly sales of $1.14 billion, surpassing the analyst consensus estimate of $1.11 billion by 2.59%. Both earnings and sales show an increase compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:06 pm

SGMT

Sagimet Biosciences reported Q2 losses of $(35.80) per share, a 6.7% improvement from $(38.37) per share losses in the same period last year. The company's cash and cash equivalents stood at $18.5M as of June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:03 pm

ZM

Zoom Video Communications, Inc. (NASDAQ:ZM) shares are trading higher ahead of its Q2 earnings report. The company is expected to report earnings of $1.05 per share and revenue of $1.11 billion. The stock has been affected by various factors recently, including rising COVID-19 concerns, Fitch's downgrade of the U.S. long-term credit rating, and weakness in Netflix and Tesla's quarterly reports. However, it has also benefited from the company's increased technical investments in the Asia-Pacific region.

Portfolio Pulse from Ryan Gustafson

August 21, 2023 | 7:50 pm

AMAT

Applied Materials, Inc (NASDAQ:AMAT) has reported Q3 results that beat expectations, with revenue of $6.43 billion and pro forma EPS of $1.90. The company's October quarter guide also came in above consensus estimates. However, Susquehanna analyst Mehdi Hosseini has expressed uncertainty about the company's backlog, noting that it has been declining quarter over quarter and is expected to show a year over year decline soon. Goldman Sachs analyst Toshiya Hari maintained a Buy rating for AMAT and raised the price target from $135 to $155.

Portfolio Pulse from Anusuya Lahiri

August 21, 2023 | 7:24 pm