Streetbeat News

Earnings

TECH

Bio-Techne reported its Q4 financial results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 2:57 pm

HYZN

Hyzon Motors Inc (NASDAQ:HYZN) reported a Q2 FY23 net loss of $60.2 million, compared to a net income of $41.99 million in 2Q22. The company's EPS fell to $(0.25), missing the consensus of $(0.18). Total operating expenses doubled to $64.10 million. The company's adjusted EBITDA loss expanded to $(33) million. HYZN's shares are trading lower by 13.1%.

Portfolio Pulse from Akanksha Bakshi

August 08, 2023 | 2:53 pm

AAPL

AMZN

The article discusses the recent earnings reports of Apple (AAPL) and Amazon (AMZN), and the potential impact on the broader market. The author notes a shift from bullish to bearish market breadth indicators, suggesting a potential downturn for growth stocks. Both AAPL and AMZN showed similar technical setups before their earnings reports, but had different reactions afterwards. AAPL gapped down after earnings, while AMZN gapped up but ended the day near its low. The author suggests that the lack of buying power could lead to further downside for these and other growth stocks.

Portfolio Pulse from David Keller

August 08, 2023 | 2:52 pm

BR

Broadridge Financial Solutions reported better-than-expected Q4 adjusted EPS results and issued FY24 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 2:47 pm

ARKR

CHS

CURV

KBH

VIRC

Benzinga Insights has identified five value stocks in the consumer cyclical sector that may be worth watching: Torrid Holdings (NYSE:CURV), KB Home (NYSE:KBH), Chico's FAS (NYSE:CHS), Virco Mfg (NASDAQ:VIRC), and Ark Restaurants (NASDAQ:ARKR). The selection is based on low P/E multiples and recent earnings per share and dividend yield data.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 2:43 pm

J

Jacobs Solutions Inc (NYSE:J) reported Q3 FY23 revenue growth of 9.4% Y/Y to $4.19 billion, beating the consensus of $4.05 billion. However, adjusted EPS from continuing operations declined by 2.2% Y/Y to $1.82, missing the consensus of $1.84. The company's backlog increased by 2.9% Y/Y to $28.9 billion. Jacobs Solutions reaffirmed its FY23 adjusted EBITDA outlook at $1.42 billion-$1.47 billion and adjusted EPS of $7.25-$7.45.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 2:42 pm

HIMX

KOSS

MNDO

RELL

VLD

Benzinga Insights has identified five notable value stocks in the technology sector based on quantified analysis. These include Koss (KOSS), Himax Techs (HIMX), MIND C.T.I. (MNDO), Velo3D (VLD), and Richardson Electronics (RELL). The companies' recent earnings per share and dividend yields have been reported, with some experiencing decreases and others increases.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 2:41 pm

WMG

Warner Music Group reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 2:37 pm

MPW

Medical Properties Trust Inc (MPW) shares dropped by around 12% after the company reported Q2 FY23 earnings. The company missed revenue consensus, reporting $337.4 million against the expected $351.4 million. MPW also reported a net loss of $42 million, compared to a net income of $190 million a year ago. The company revised its 2023 NFFO per share guidance to $1.53-$1.57 from $1.50-$1.61.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 2:34 pm

GOLD

Barrick Gold Corp (NYSE:GOLD) reported a 1% Y/Y decline in Q2 2023 revenue to $2.83 billion, missing the consensus of $3.40 billion. Gold production and sales also decreased by 3% and 4% Y/Y respectively. However, the company saw improved performances at Carlin, Kibali and Lumwana assets. The average realized gold price rose 6% Y/Y to $1,972 per ounce, while copper production declined 11% Y/Y. The company reiterated its 2023 outlook and announced progress on the Pueblo Viejo expansion project.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 2:25 pm