Streetbeat News

Earnings

BAK

Braskem (NYSE:BAK) reported a 30.41% decrease in sales this quarter, with sales of $3.59 billion compared to $5.16 billion in the same period last year. The company also reported a net loss of $156 million.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:47 am

HL

Hecla Mining (NYSE:HL) reported Q2 earnings of $0.03 per share, a 25% decrease YoY. The company's quarterly sales were $178.13M, beating the analyst consensus estimate of $171.36M by 3.95%, but representing a 6.86% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:19 am

CRL

DIS

GS

KBE

UPS

WYNN

Investor sentiment in the US has declined following Moody's downgrade of several US banks' credit ratings. This led to a fall in US stocks, with the SPDR S&P Bank ETF (KBE) dropping around 1.3% and shares of The Goldman Sachs Group, Inc. (GS) falling over 2%. United Parcel Service Inc (UPS) reported mixed Q2 results and issued FY23 revenue guidance below estimates. Investors are awaiting earnings results from Charles River Laboratories International, Inc. (CRL), The Walt Disney Company (DIS), and Wynn Resorts, Limited (WYNN).

Portfolio Pulse from Lisa Levin

August 09, 2023 | 6:10 am

BLTE

Belite Bio (NASDAQ:BLTE) reported Q2 losses of $(0.26) per share, a 116.67% decrease from $(0.12) per share YoY. The company had $57.4 million in cash as of June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 6:05 am

EC

Ecopetrol's Q2 2023 sales have decreased to COP 34.3T from COP 43.89T. The net income attributable to owners also fell to COP 4.08T from COP 10.47T.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:59 am

ATLC

Atlanticus Holdings (NASDAQ:ATLC) reported Q2 earnings of $1.02 per share, beating the analyst consensus estimate of $0.74 by 37.84%. However, this is a 30.14% decrease from the same period last year. The company also reported quarterly sales of $290.84 million, beating the estimate of $270.47 million by 7.53%, and marking a 7.70% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:37 am

HYLN

Hyliion Holdings (NYSE:HYLN) reported Q2 losses of $(0.19) per share, missing the analyst consensus estimate of $(0.18) by 5.56%. The company's quarterly sales were $266.00K, missing the analyst consensus estimate of $590.00K by 54.92%. However, this is a 54.65% increase over sales of $172.00K the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:36 am

HBM

Hudbay Minerals (NYSE:HBM) reported Q2 losses of $(0.07) per share, missing the analyst consensus estimate of $0.06 by 216.67%. This is a 158.33% decrease from last year. The company also reported quarterly sales of $312.17 million, missing the analyst consensus estimate of $349.70 million by 10.73%. This is a 24.86% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:29 am

GATO

Gatos Silver (NYSE:GATO) reported Q2 losses of $(0.05) per share, missing the analyst consensus estimate of $0.01 by 600 percent. This represents a 162.5 percent decrease over earnings of $0.08 per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:27 am

ODV

Osisko Development (NYSE:ODV) reported Q2 sales of $8.04 million. The company also reported a cash position of C$86.9 million as of June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:17 am