Streetbeat News

Earnings

VFF

Village Farms International, Inc. (NASDAQ:VFF) reported Q2 2023 financial results, showing a gross profit growth of 81.9% YoY, despite a 7% decrease in sales. The company's net loss improved to $1.4 million from a loss of $36.6 million in Q2 2022. The company's Canadian Cannabis business delivered 24% YoY growth in retail branded sales. Village Farms shares were trading 10.74% higher at $0.67 per share.

Portfolio Pulse from Vuk Zdinjak

August 09, 2023 | 1:59 pm

RBLX

Roblox Corp reported Q2 FY23 bookings growth of 22% YoY to $780.7 million, and revenue growth of 15% YoY to $680.8 million, missing the consensus of $784.9 million. EPS loss of $(0.46) also missed the consensus loss of $(0.45). DAUs were 65.5 million, up 25% YoY, and average monthly unique payers were 13.5 million, up 19% YoY. However, average bookings per DAU was $11.92, down 3% YoY. The company's shares traded lower by 20.503% at $30.01.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 1:56 pm

WEN

Wendy's Co reported Q2 FY23 sales growth of 4.4% to $561.57 million, missing the analyst consensus of $566.95 million. Adjusted revenues increased 4.4% to $451.8 million. The company declared its regular quarterly cash dividend to $0.25 per share. Wendy's continues to expect FY23 adjusted EPS of $0.95 - $1.00. WEN shares are trading lower by 0.36% at $21.65.

Portfolio Pulse from Shivani Kumaresan

August 09, 2023 | 1:54 pm

GDRX

GoodRx Holdings Inc (NASDAQ:GDRX) reported Q2 sales of $189.7 million, down 1% Y/Y, beating the consensus of $186.82 million. Prescription transactions revenue increased 2% to $136.5 million, while pharma manufacturer solutions revenue decreased 8% to $24.3 million. The company revised FY23 sales guidance to $750- $760 million, compared to prior guidance of $750-$775 million. GDRX shares are down 4% at $8.39.

Portfolio Pulse from Vandana Singh

August 09, 2023 | 1:43 pm

VTNR

Vertex Energy Inc (NASDAQ:VTNR) reported Q2 FY23 revenue of $734.89 million, beating the consensus of $707.74 million. However, the company missed the EPS estimate due to lower Mobile Refinery margins. The company's Q2 EPS loss was $(1.07), missing the consensus of $(0.28). The Mobile Refinery operations generated a fuel gross margin of $52.7 million, a decline from $103.8 million a year ago. VTNR shares are trading lower by 7.2% at $4.57.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 1:36 pm

G

Genpact Limited (NYSE:G) is set to report its Q2 2023 financial results on Aug. 9, 2023. Analysts predict a slight decrease in earnings per share from 70 cents to 69 cents, but an increase in revenue from $1.09 billion to $1.12 billion. Genpact's stock fell 1.6% to close at $35.66 on Tuesday. Several analysts have recently downgraded the stock and cut their price targets.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 1:34 pm

AAWH

Ascend Wellness Holdings, Inc. (OTCQX:AAWH) (CSE:AAWH) reported Q2 2023 financial results, with net revenue increasing 26.1% YoY and 7.7% QoQ to $123.0 million. Gross profit was $28.3 million, down from $35.7 million in the prior quarter and $33 million in Q2 2022. Net income was $841,000, a significant improvement from a net loss of $21.2 million in Q2 2022 and $18.5 million in Q1 2023. The company's cash and cash equivalents were $68.0 million and net debt was $241.8 million.

Portfolio Pulse from Vuk Zdinjak

August 09, 2023 | 1:25 pm

SBLK

Star Bulk Carriers' President, Hamish Norton, discussed the company's Q2 2023 financial results, business strategy, and outlook for the dry bulk market in a recent podcast. He highlighted fleet renewal, upgrades for fuel efficiency and emission compliance, carbon capture, and capital allocation. He also discussed the supply and demand side of the dry bulk outlook and shipowners investing in dry bulk shipping.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:20 pm

TORO

Toro (NASDAQ:TORO) reported Q2 earnings of $0.92 per share, a 820% increase YoY. However, sales decreased by 3.57% to $24.86 million from $25.78 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:14 pm

TWOU

2U Inc. reported worse-than-expected Q2 financial results and updated its guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:10 pm