Streetbeat News

Earnings

EPSN

Epsilon Energy Ltd. (EPSN) has declared a dividend of $0.0625 per share, payable on September 29th, 2023. The company also announced near-term drilling plans in Pennsylvania and Texas, which are expected to add meaningful production volumes and cash flow in 2024. However, Q3 volumes and revenues are expected to be down approximately 5% from original estimates due to the shut-in of approximately 3 MMcf per day of net production for an estimated 45 days.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:48 pm

HPQ

HP Inc. reported better-than-expected Q3 results but issued FY23 EPS guidance below estimates, causing its shares to fall in after-hours trading. The company reported Q3 earnings of 86 cents per share, beating the estimate of 80 cents, and sales of $13.20 billion, beating the estimate of $12.39 billion. However, the company's FY23 EPS is estimated to be between $3.23 and $3.35, lower than the $3.37 estimate.

Portfolio Pulse from Ryan Gustafson

August 29, 2023 | 8:41 pm

HPE

Hewlett Packard's shares are trading lower following the release of their Q3 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:37 pm

AMBA

Ambarella Inc (NASDAQ:AMBA) reported Q2 results and issued weak guidance, causing its shares to trade lower in after-hours session. Q2 revenue was $62.12 million, slightly above estimates, and EPS was a loss of 15 cents, beating estimates for a loss of 21 cents. However, revenues were down 23% YoY and the company ended the quarter with $216.5 million of cash, down from $227.4 million sequentially. The company anticipates Q3 revenue of $50 million, significantly lower than estimates of $67.6 million.

Portfolio Pulse from Adam Eckert

August 29, 2023 | 8:32 pm

UPS

The International Brotherhood of Teamsters union and United Parcel Service (UPS) have reached a deal to create more full-time jobs and raise wages. The deal could boost pay and benefits to an average of $170,000 per year. The agreement, ratified by 86.3% of votes, will raise full-time workers' wages to an average of $49 an hour and part-time workers’ wages to at least $21 an hour. The deal also ends mandatory overtime and increases holiday time. UPS cut its full-year guidance due to volume impacts from labor negotiations and costs associated with the agreement.

Portfolio Pulse from Adam Eckert

August 29, 2023 | 8:28 pm

NCNO

Ncino reported its Q2 financial results and issued guidance, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:26 pm

AMBA

Ambarella has issued Q3 revenue guidance that is below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:25 pm

HPQ

HP has issued its FY23 adjusted EPS guidance below estimates, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:24 pm

BOX

Box Inc's shares fell in after-hours trading following the release of its Q2 results. Despite beating estimates for revenue and earnings per share, the company issued soft guidance for Q3 and full-year revenue and earnings, which appears to be driving the stock price down. Box also announced a $100 million expansion of its stock repurchase program.

Portfolio Pulse from Adam Eckert

August 29, 2023 | 8:21 pm

BOX

Box's shares are trading lower after the company issued Q3 EPS, Q3 sales and FY24 sales guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:21 pm