Streetbeat News

Earnings

DAL

Delta Air Lines Inc (NYSE:DAL) reported a Q3 FY23 adjusted operating revenue growth of 13% Y/Y to $14.55 billion, beating the consensus of $14.54 billion. Total passenger revenue was $13.1 billion, a 14% increase Y/Y. Adjusted EPS was $2.03, above the consensus of $1.94. For Q4, Delta expects revenue growth of 9% - 12%, adjusted EPS of $1.05 - $1.30 versus $1.11 estimate. FY23 Outlook was revised with adjusted EPS to $6.00 - $6.25 (prior $6-$7) versus $6.04 estimate. DAL shares are trading higher by 3.17% at $37.12 premarket.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 1:04 pm

FAST

LL

OPGN

Opgen's unit Curetis received a payment of 750,000 Euros related to the sale of Unyvero A50 Systems, causing OPGN's stock to surge by 1200%. LL Flooring received a $180 million takeover offer from Live Ventures, leading to a 45% increase in LL's stock. Fastenal's Q3 EPS beat estimates but sales missed, resulting in a 5% increase in FAST's stock.

Portfolio Pulse from ryanfaloona@benzinga.com

October 12, 2023 | 12:49 pm

AAPL

NVDA

TSM

XIACF

XIACY

Apple Inc and its key suppliers are facing a significant sales slump despite the recent launch of new devices. Taiwan Semiconductor Manufacturing Co experienced a 13.4% sales drop, while the broader group of major assemblers and component makers saw a decline of 16.4%. The overall decline has resulted in an 8.8% slump for the first nine months of the year. The AI industry's growth, particularly in server sales, is anticipated to double in 2024.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 12:45 pm

DPZ

Domino's Pizza's CFO has announced that the company's Q3 U.S. delivery same-store sales have declined by 2.3%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:44 pm

DPZ

Domino's Pizza CFO has announced that the company expects average realized pricing to moderate to slightly below 1% in Q4.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:42 pm

WBA

Walgreens Boots Alliance Inc's Q4 FY23 sales increased 9.2% Y/Y to $35.4 billion, beating the consensus of $34.82 billion. However, adjusted EPS decreased 18% to $0.67, missing the consensus of $0.69 due to lower volumes of COVID-19 vaccinations and testing. The company's FY24 adjusted EPS forecast of $3.20-$3.50 falls short of the consensus of $3.73.

Portfolio Pulse from Vandana Singh

October 12, 2023 | 12:40 pm

CMC

Commercial Metals Company reported mixed Q4 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:39 pm

INMD

InMode has issued Q3 guidance below estimates and lowered its full-year 2023 revenue guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:37 pm

CMC

Commercial Metals Company (NYSE:CMC) reported Q4 FY23 sales of $2.209 billion, beating the consensus of $2.180 billion, but revenues fell 8.2% Y/Y due to lower new contract awards. Adjusted EPS of $1.69 missed the consensus of $1.81. The company expects weaker Q1 compared to Q4 due to seasonally lower shipments, steel product margin compression in North America, and challenging market conditions in Europe. CMC shares are trading lower by 5.67% to $45.60 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 12:35 pm

DSS

PRPH

DSS, Inc. has issued a letter to shareholders providing an update on the company's progress and future expectations. The company is preparing for an IPO of its majority-owned subsidiary, Impact Biomedical, Inc. (IBIO). DSS's product packaging division, Premier Packaging Corporation, Inc., reported a 27% increase in revenue for the first half of 2023. DSS Wealth Management, Inc. has enhanced its management team and plans to launch a Total Return Bond Fund. The company also plans to introduce shareholders to subsequent spinoffs or similar liquidity events after the Impact Biomedical IPO.

Portfolio Pulse from Happy Mohamed

October 12, 2023 | 12:28 pm