Streetbeat News

Earnings

NEON

Neonode (NASDAQ:NEON) reported Q2 earnings per share (EPS) of $(0.10), a 9.09% increase YoY. However, the company's quarterly sales of $1.20 million missed the analyst consensus estimate of $2.00 million by 40.00%, marking a 5.29% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:18 pm

HIMX

Himax Technologies, Inc (NASDAQ:HIMX) reported a Q2 FY23 revenue decline of 24.8% YoY to $235.03 million, slightly missing the consensus of $235.6 million. Earnings per ADS of $0.005 beat the consensus. Revenue from large display drivers declined by 14.3% Q/Q. Small and medium-sized display drivers' revenue was $150.3 million, down by 2.9% Q/Q. The company sees Q3 revenue to be flat to decline 7.0% Q/Q. HIMX shares traded lower by 1.53% premarket.

Portfolio Pulse from Anusuya Lahiri

August 10, 2023 | 1:16 pm

CLRO

ClearOne (NASDAQ:CLRO) reported Q2 earnings per share of $(0.04), unchanged from the same period last year. However, sales decreased by 25.65% to $5.48 million from $7.38 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:15 pm

CMCSA

DIS

NFLX

PENN

Disney reported a mixed fiscal Q3 with revenues of $22.33 billion, slightly below expectations. The company made a rare quarterly net loss of $460 million due to one-time charges and content impairments. Disney+ subscriptions dropped by 7.4%, worse than expected, largely due to losing the rights to Indian Premier League cricket matches. However, the Parks and Experiences division saw a 13% rise in revenue to $8.3 billion. Disney plans to raise the price of its ad-free streaming offering and crack down on password sharing, following Netflix's strategy.

Portfolio Pulse from Upwallstreet

August 10, 2023 | 1:15 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares are down after reporting mixed Q2 results and being downgraded by Roth MKM analysts. Q2 revenue increased 72% YoY to $260.18 million, beating estimates. However, the company reported a loss of 40 cents per share, missing estimates. Plug Power reaffirmed its full-year 2023 revenue guidance of $1.2 billion to $1.4 billion. Roth MKM downgraded the stock from Buy to Neutral and lowered the price target from $13 to $7.50.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 1:14 pm

PULM

Pulmatrix reported Q2 earnings with losses of $(1.04) per share, a 23.53% improvement from $(1.36) per share YoY. Sales also increased by 38.54% to $1.84 million from $1.33 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:14 pm

DNUT

Krispy Kreme Inc (NASDAQ:DNUT) reported Q2 FY23 sales growth of 9% year-on-year to $408.88 million, missing the analyst consensus of $410.83 million. The company reaffirmed its FY23 outlook, expecting sales of $1.65 billion - $1.68 billion and adjusted EPS of $0.31 - $0.34. DNUT shares closed higher by 0.14% at $14.40 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

August 10, 2023 | 1:13 pm

MUX

McEwen Mining (NYSE:MUX) reported Q2 adjusted EPS of $(0.31), beating the estimate of $(0.74) by 58.11%. However, the company's sales of $34.40M missed the estimate of $40.00M by 14.01%. This represents a 19.23% decrease in EPS and a 12.23% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:13 pm

IINN

Inspira Technologies has announced its Q2 2023 financial results, reporting $8.9M in cash, cash equivalents, and short-term bank deposits. The company is in the final stages of developing the INSPIRA ART100, a life support device, and is preparing for its unveiling at the ELSO conference. Inspira is also developing the INSPIRA ART500, an AI and blood sensor technology, and is awaiting potential future patents in the U.S. for this technology.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 1:12 pm

KIQ

Kelso Technologies (AMEX:KIQ) reported a 24.98% decrease in Q2 sales, down to $2.15 million from $2.87 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:09 pm