Streetbeat News

Earnings

Hecla Mining has reported an 8% increase in silver production year-to-date (YTD), but a 14% decrease in gold production. The company's stock symbol is HL.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:06 am

DPZ

Domino's Pizza reported Q3 earnings of $4.18 per share, beating the analyst consensus estimate of $3.30 by 26.67%. However, the company's quarterly sales of $1.03 billion missed the analyst consensus estimate of $1.05 billion by 1.90%. This represents a 49.82% increase in earnings and a 3.64% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:04 am

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CMC

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WBA

Several companies are scheduled to report their quarterly earnings on October 12, 2023. These include Byrna Technologies, Domino's Pizza, Walgreens Boots Alliance, Fastenal, Commercial Metals, Infosys, Delta Air Lines, Sono-Tek, SMART Glb Hldgs, Comtech Telecom, Charles & Colvard, IDT, and Oil-Dri Corp of America.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 9:21 am

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WBA

Walgreens Boots Alliance, Cerevel Therapeutics Holdings, Delta Air Lines, Victoria's Secret & Co., and Domino's Pizza are the stocks to watch heading into Thursday. Walgreens is expected to report quarterly earnings of 69 cents per share on revenue of $34.82 billion. Cerevel Therapeutics has priced its public offering of 19,728,189 shares at $22.81 per share. Delta Air Lines is expected to have earned $1.94 per share on revenue of $14.54 billion. Victoria's Secret has reaffirmed its full-year 2023 guidance and expects an adjusted loss of 70 cents to 90 cents per share for the third quarter. Domino's Pizza is expected to report quarterly earnings of $3.30 per share on revenue of $1.05 billion.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 7:59 am

INFY

Infosys Limited (NYSE:INFY) is set to release its Q2 2024 financial results on Oct. 12, 2023. Analysts predict earnings of 18 cents per share, matching the previous year's earnings, and a slight increase in revenue to $4.61 billion from $4.54 billion. Infosys shares fell 1.3% to close at $17.61 on Wednesday. Recent analyst ratings have varied, with price targets ranging from $13 to $22.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 7:45 am

DOGZ

Dogness reported its financial results for the fiscal year ended June 30, 2023, showing a decrease in revenue from $27.09M to $17.58M YoY. The company also reported a net loss of $7.45M compared to a net income of $3.23M in 2022. The decrease in revenue was primarily due to a significant decrease in both domestic and international markets.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 7:33 am

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XOM

The CNN Money 'Fear and Greed' index showed easing investor fears, but remained in the 'Fear' zone. U.S. stocks settled higher on Wednesday as investors awaited the release of the consumer price index. Exxon Mobil Corporation's shares fell around 3.6% after it signed an agreement to acquire Pioneer Natural Resources Company. Investors are awaiting earnings results from Walgreens Boots Alliance, Inc., Delta Air Lines, Inc., and Domino's Pizza, Inc.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 7:14 am

TSLA

Tesla Inc (NASDAQ:TSLA) is taking questions from shareholders ahead of their Q3 earnings. The most upvoted questions will be addressed by Tesla leadership on Oct. 18th. Questions pertain to Tesla's upcoming Cybertruck, its humanoid robot Optimus, the status of the announcements made on battery day and the availability of the Model 3 Highland in U.S. Tesla's Q3 deliveries missed consensus forecasts earlier this month.

Portfolio Pulse from Anan Ashraf

October 12, 2023 | 6:43 am

TSLA

Morgan Stanley analyst Adam Jonas predicts Tesla's Q3 gross margins to fall to 17.5% and a U.S. GAAP EPS of $0.56, lower than the consensus estimate of $0.65. Jonas notes a cautious sentiment around Tesla's earnings estimates for the last two quarters of 2021. Investors are focusing on the company's forward outlook rather than the result itself. Jonas also mentions a lack of enthusiasm around Tesla's upcoming Cybertruck. If the vehicle's launch is delayed, Tesla might resort to price cuts to maintain demand.

Portfolio Pulse from Anan Ashraf

October 12, 2023 | 5:41 am

ORC

Orchid Island Capital has reported an estimated GAAP net loss of $1.68 per share for Q3 2023. This includes $1.40 per share of net realized and unrealized losses on RMBS and derivative instruments.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:31 pm