Streetbeat News

Earnings

QMCO

Quantum (NASDAQ:QMCO) reported Q1 losses of $(0.05) per share, missing the analyst consensus estimate of $(0.01) by 400%. The company also reported quarterly sales of $91.79 million, missing the analyst consensus estimate of $97.03 million by 5.40%. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:44 am

SCU

Sculptor Cap (NYSE:SCU) reported Q2 earnings of $0.00 per share, missing the analyst consensus estimate of $0.25 by 99.6%. This is a 99.82% decrease from the same period last year. The company also reported quarterly sales of $68.30 million, missing the analyst consensus estimate of $76.78 million by 11.04%. This is a 39.29% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:44 am

CRMD

Cormedix reported Q2 losses of $(0.25) per share, missing the analyst consensus estimate of $(0.24) by 4.17 percent. This represents a 31.58 percent increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:42 am

LCID

Lucid Motors CEO Peter Rawlinson discussed the company's pricing strategy during the second-quarter earnings call. He highlighted the importance of getting more vehicles on the roads to build customer confidence. Lucid recently lowered vehicle prices and received positive feedback. The company plans to make 10,000 vehicles in 2023 and expects deliveries to increase in the second half of the year. Last week, Lucid cut the prices of its Air sedans by as much as $12,400.

Portfolio Pulse from Anan Ashraf

August 08, 2023 | 11:40 am

NRGV

Energy Vault has reaffirmed its FY23 outlook, expecting revenues between $325M and $425M, compared to the estimated $377.31M. The company also anticipates an adjusted EBITDA between $(50)M and $(70)M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:39 am

HNI

HNI Corp expects Q3 2023 adjusted EPS to be slightly lower than Q3 2022 due to lower volume in Residential Building Products and normalization of variable compensation, partially offset by higher profitability in Workplace Furnishings. The company also expects the Kimball International acquisition to add $340 to $370 million of revenue and be solidly accretive to non-GAAP EPS in 2023, with the greatest benefit in Q4. The divestiture of Poppin is expected to be completed in Q3 2023, generating an operating loss of $3.5 to $4.0 million and revenue of $7 to $9 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:39 am

HBIO

Harvard Bioscience forecasts its FY23 revenues to be between $116M-$120M, slightly below the consensus estimate of $120.76M. The company anticipates a 4% headwind from discontinued products.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:38 am

XOMA

XOMA reported Q2 losses of $(0.59) per share, missing the analyst consensus estimate of $(0.52) by 13.46%. However, the company's quarterly sales of $1.66 million beat the analyst consensus estimate of $800.00 thousand by 107.25%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:38 am

AYX

Alteryx reported a 4% Y/Y increase in Q2 revenue to $188 million, beating the consensus of $182.2 million. However, the company issued a weak Q3 guidance, expecting revenues of $208 million - $212 million, below the consensus of $233.04 million. Following the earnings announcement, analysts from Piper Sandler, Rosenblatt, and Needham lowered their price targets on Alteryx. Alteryx shares fell 26.1% in pre-market trading.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 11:37 am

CRON

Cronos Group reported Q2 losses of $(0.02) per share, beating the analyst consensus estimate of $(0.03) by 33.33%. This represents a 60% improvement over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:37 am