Streetbeat News

Earnings

NOTV

Inotiv (NASDAQ:NOTV) reported Q3 earnings of $0.07 per share, beating the analyst consensus estimate of $(0.10) by 170 percent. This is a 146.67 percent increase over losses of $(0.15) per share from the same period last year. The company also reported quarterly sales of $157.47 million, beating the analyst consensus estimate of $151.08 million by 4.23 percent, although this is a 8.80 percent decrease over sales of $172.67 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:48 pm

RGF

The Real Good Food Company, Inc. (NASDAQ:RGF) reported a 14.8% YoY increase in Q2 FY23 sales to $35.36 million, beating the consensus of $34.60 million. The increase was primarily due to increases in sales velocities of products in the club channel and distribution growth in the measured channel. Q2 gross profit increased by $2.5 million to $4.8 million, driven by decreases in certain raw material costs and productivity and efficiency improvements. The company maintained its FY23 sales guidance of at least $200 million.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 2:48 pm

INOD

Innodata reported a year-over-year increase in Q2 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:42 pm

CHGG

FDP

PRDO

SANW

VLGEA

Benzinga Insights has identified five value stocks in the consumer defensive sector based on quantified analysis. These include Fresh Del Monte Produce (FDP), Chegg (CHGG), S&W Seed (SANW), Village Super Market (VLGEA), and Perdoceo Education (PRDO). All companies have seen an increase in earnings per share, with FDP and VLGEA also reporting changes in their dividend yields.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:40 pm

OPGN

OpGen's shares are trading lower following the company's report of worse-than-expected Q2 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:39 pm

HDSN

METC

UAN

Benzinga Insights has identified several value stocks in the basic materials sector that may be worth watching, including Ramaco Resources (NASDAQ:METC), CVR Partners (NYSE:UAN), Hudson Technologies (NASDAQ:HDSN), CF Industries Holdings (NYSE:CF), and United States Steel (NYSE:X). These companies have shown changes in their earnings per share and dividend yields in the recent quarter.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:39 pm

OSS

One Stop Systems (OSS) reported lower than expected Q2 revenue and issued Q3 revenue guidance below estimates. This led to multiple firms downgrading the stock and lowering their price targets.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:37 pm

AMZN

BABA

META

MSFT

Alibaba Group Holding Limited (NYSE:BABA) reported strong quarterly results, outperforming both top and bottom line expectations. The company's revenue rose 14% YoY to $32.29 billion, and net income attributable to shareholders rose 51% YoY. Alibaba's main businesses, Taobao and Tmall Group, saw a 12% YoY rise. The company's international commerce retail experienced a 60% YoY rise in revenue. Alibaba is focusing on AI development and has launched its large language model, Tongyi Qianwen, to challenge Microsoft and Meta.

Portfolio Pulse from Upwallstreet

August 11, 2023 | 2:36 pm

IMPP

Imperial Petroleum Inc's (NASDAQ:IMPP) shares fell by 34.7% after the company announced the pricing of approximately $17 million of its units in a registered direct offering at a price of $2 per unit. The company also reported Q2 earnings of $1.46 per share and $59.04 million in sales, a 420% increase over the same period last year.

Portfolio Pulse from Henry Khederian

August 11, 2023 | 2:31 pm

KZR

Kezar Life Sciences reported a year-over-year decrease in Q2 EPS results, leading to a drop in its share price. Additionally, Wells Fargo downgraded the stock from Overweight to Equal-Weight, and HC Wainwright lowered its price target from $19 to $18.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:31 pm