Streetbeat News

Earnings

JAMF

Jamf Holding reported its Q2 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:47 pm

VFF

Village Farms International (NASDAQ:VFF) reported a 7% YoY sales decline in Q2 FY23 to $77.21 million, beating the analyst consensus estimate of $70.78 million. The gross profit jumped 81.8% to $11.4 million, with the margin at 14.8%. Adjusted EBITDA was $4.5 million versus $(10.3) million last year. EPS of $(0.01) beat the consensus of $(0.04). The company held $31.7 million in cash and equivalents as of June 30, 2023. VFF shares were up 10.25% at $0.67 at the time of publication.

Portfolio Pulse from Shivani Kumaresan

August 09, 2023 | 2:47 pm

IAC

IAC's shares are trading lower following the company's Q2 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:44 pm

AMZN

ETSY

SHOP

Etsy Inc's shares fell by over 13% following a weak Q3 guidance, despite better-than-expected Q2 results. Q2 revenue rose by 7.5% YoY to $628.9 million, exceeding Refinitiv’s consensus estimate of $619 million. However, net income contracted by 15.3% YoY to $61.9 million. The company's Q3 revenue is expected to fall short of Refinitiv’s forecast of $632 million. Etsy's CFO cited the return of student loan payments and the elimination of child tax credits as factors that could impact Q3 revenue. The company's unique selling point is its ability to offer personalized products and services, a feature not matched by rivals such as Amazon and Shopify.

Portfolio Pulse from Upwallstreet

August 09, 2023 | 2:42 pm

AEL

BAM

BNRE

Brookfield Asset Management Ltd (BAM) reported Q2 2023 revenues of $985 million, missing the consensus of $1.10 billion. EPS of $0.28 also missed the consensus of $0.32. The company raised $17 billion in Q2 and committed to a $50 billion new investment year-to-date. In July, Brookfield Reinsurance Ltd (BNRE) agreed to acquire American Equity Investment Life Holding (AEL) for ~$4.3 billion. BAM shares are trading higher by 1.88% at $33.61.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 2:41 pm

CVU

HHS

PSHG

SCX

TRTN

Benzinga Insights has identified five value stocks in the industrials sector that may be worth watching: CPI Aerostructures (AMEX:CVU), Performance Shipping (NASDAQ:PSHG), L S Starrett (NYSE:SCX), Harte-Hanks (NASDAQ:HHS), and Triton International (NYSE:TRTN). The selection is based on low P/E multiples, indicating potential undervaluation. The report also includes recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 2:41 pm

SLVM

Sylvamo Corporation reported worse-than-expected Q2 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:40 pm

BEPC

ENIC

PAM

Benzinga Insights has identified Brookfield Renewable (BEPC), Enel Chile (ENIC), and Pampa Energia (PAM) as value stocks in the utilities sector. BEPC's earnings per share decreased this quarter, while its dividend yield increased. ENIC's earnings per share decreased, but its dividend yield significantly increased. PAM's earnings per share increased.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 2:38 pm

RPD

Rapid7 reported better-than-expected Q2 financial results and issued Q3 EPS and FY23 EPS guidance above estimates. Morgan Stanley raised its price target from $48 to $52 on the stock, leading to a rise in Rapid7's share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 2:37 pm

INSW

International Seaways Inc (NYSE:INSW) reported Q2 FY23 shipping revenue of $292.2 million, beating the consensus of $253.4 million. Adjusted EPS of $3.12 also beat the consensus of $2.64. Consolidated TCE revenues rose to $288.3 million, reflecting sanctions on Russian oil that led to longer voyages and higher tanker utilization. The company also declared a quarterly dividend per share of $0.12 and a supplemental dividend per share of $1.30. INSW shares are trading higher by 7.88%.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 2:31 pm