Streetbeat News

Earnings

SDOT

The Sadot Group (SDOT) has not yet reported its earnings. The earnings report is expected to be released on Wednesday, August 9, after the market closes.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:44 am

NVAX

Novavax reported Q2 earnings of $0.58 per share, beating the analyst consensus estimate of $(1.35) by 142.96%. This is a 108.88% increase over losses of $(6.53) per share from the same period last year. The company also reported quarterly sales of $424.43 million, beating the analyst consensus estimate of $237.39 million by 78.79%. This is a 128.28% increase over sales of $185.93 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:43 am

J

Jacobs Solutions (NYSE:J) reported Q3 earnings of $1.82 per share, missing the analyst consensus estimate of $1.84 by 1.09%. This is a 2.15% decrease from the same period last year. However, the company reported quarterly sales of $4.20 billion, beating the analyst consensus estimate of $4.05 billion by 3.70%. This is a 9.75% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:43 am

SEAT

Vivid Seats (NASDAQ:SEAT) reported Q2 earnings of $0.20 per share, beating the analyst consensus estimate of $0.06 by 233.33%. This is a 66.67% increase from the same period last year. The company also reported quarterly sales of $165.38 million, beating the analyst consensus estimate of $149.32 million by 10.76%. This is a 11.97% increase from the same period last year.

Portfolio Pulse from saritha@benzinga.com

August 08, 2023 | 10:39 am

PLTK

Playtika has revised its FY23 revenue forecast to the lower end of the previously provided range of $2.57B-$2.62B, which is slightly below the estimated $2.61B. The company also expects to be at the higher end of the Credit Adj. EBITDA range of $805M-$830M. Capital expenditures are now expected to be between $100M and $105M, down from $115M-$120M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:39 am

OB

Outbrain (NASDAQ:OB) reported Q2 adjusted EPS of $(0.08), beating the estimate of $(0.12) by 33.33%. However, the company's sales of $225.80M missed the estimate of $234.95M by 3.89%. This represents a 57.89% increase in losses and a 10.00% decrease in sales compared to the same period last year.

Portfolio Pulse from bharat@benzinga.com

August 08, 2023 | 10:38 am

EMBC

Embecta has raised its FY2023 adjusted EPS guidance from $2.50-2.60 to $2.75-2.80, and its sales guidance from $1.101B-1.113B to $1.107B-1.113B. The company also expects an increase in contract manufacturing, adjusted gross margin, adjusted operating margin, and adjusted EBITDA margin.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:38 am

AYX

BYND

IFF

PTRA

Several big stocks recorded losses in Tuesday's pre-market trading session. Proterra Inc. filed for Chapter 11 bankruptcy protection, causing its shares to tumble 63%. Alteryx, Inc. declined 25% after reporting weak Q2 results and Q3 revenue guidance. International Flavors & Fragrances Inc. shares tumbled 21.6% after reporting worse-than-expected Q2 results and a reduced FY23 outlook. Beyond Meat, Inc. shares dipped 16% after reporting downbeat Q2 results and a weak revenue forecast for FY23. Other companies that saw their shares decline include Maravai LifeSciences Holdings, Inc., American Superconductor Corporation, RingCentral, Inc., Rigetti Computing, Inc., Upstart Holdings, Inc., Hercules Capital, Inc., Safehold Inc., Coterra Energy Inc., and Li Auto Inc.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 10:37 am

AHCO

AdaptHealth Corp. has updated its FY23 forecast, expecting a net revenue of $3.16B-$3.20B, slightly above the consensus of $3.14B. The company also anticipates an Adjusted EBITDA of $650 million-$680 million, with total capital expenditures representing 10-12% of net revenue.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:37 am

PLTK

Playtika Holding (NASDAQ:PLTK) reported Q2 earnings of $0.21 per share, in line with analyst consensus. This is a 133.33% increase from the same period last year. However, the company's quarterly sales of $642.80 million missed the analyst consensus estimate of $652.87 million by 1.54%, marking a 2.55% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:36 am