Streetbeat News

Earnings

COHR

Coherent Corp. (NYSE:COHR) shares are trading higher despite a drop after the company posted Q4 results and issued Q1 and full-year 2024 outlook below estimates. The company beat Q4 earnings and sales estimates but issued lower than expected guidance for Q1 and full-year 2024. Several analysts lowered their price targets on Coherent, but the stock has rebounded over 2%.

Portfolio Pulse from Ryan Gustafson

August 17, 2023 | 7:35 pm

WMT

Walmart's shares are trading lower despite the company reporting better than expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:31 pm

AMD

Shares of Advanced Micro Devices (AMD) are trading lower due to weakness in the semiconductor sector following Wolfspeed's earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:26 pm

WSM

Wedbush analyst Seth Basham has reiterated a Neutral rating on Williams-Sonoma, Inc. (WSM) with a price target of $120. Despite low investor expectations, Basham sees potential for an earnings beat in the company's Q2 2023 report due to tight expense management. However, sales pressures, particularly for the West Elm brand, are expected to continue. The analyst also expects WSM to reduce its FY23 revenue growth guidance by ~300 bps due to macro headwinds.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 7:18 pm

WOLF

Wolfspeed reported mixed Q4 financial results and issued Q1 adjusted EPS guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:01 pm

RUN

KeyBanc Capital Markets analyst Sophie Karp has reiterated the Overweight rating on Sunrun Inc. (NASDAQ:RUN), but lowered the price target from $27 to $24. This follows Sunrun's mixed Q2 results, with revenue missing estimates but earnings beating them. Despite satisfactory customer growth, Sunrun's revenues and cash flow generation were lower due to a gradual recovery in CA demand and post-inflationary working capital hangover. The company is sticking to its original 2023 guidance, leading the analyst to pare back 2023 estimates.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 6:55 pm

STNE

StoneCo reported Q2 earnings of $0.198 per share, beating the analyst consensus estimate of $0.17 by 16.47%. This is a 296% increase from the same period last year. The company also reported quarterly sales of $596.92 million, beating the analyst consensus estimate of $585.96 million by 1.87%. This is a 27.11% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 6:55 pm

DBCCF

TSXV:DB

Decibel Cannabis Company Inc. (TSXV:DB) (OTCQB:DBCCF) reported a YoY increase in net revenue to CA$58 million ($42.9 million) in Q2 2023, up from CA$18.5 million in the same quarter of last year. The company also reported a gross profit before fair value adjustments of CA$26.4 million, a gross margin of 46%, and a positive adjusted EBITDA of roughly CA$14 million. The net loss was CA$992,000, down from CA$2.1 million in Q2 2022.

Portfolio Pulse from Jelena Martinovic

August 17, 2023 | 6:44 pm

AHI

CELL

CREX

EMKR

LYTS

TRMR

WMT

US stocks traded lower with the Dow Jones falling more than 100 points. Walmart Inc reported better-than-expected Q2 earnings and raised FY24 outlook. PhenomeX Inc. shares shot up 137% after announcing a $108 million acquisition agreement with Bruker. LSI Industries Inc. shares rose 17% following better-than-expected Q4 results. Advanced Health Intelligence Ltd. shares gained 27% after obtaining overseas R&D reimbursement. Creative Realities, Inc. shares dropped 35% after reporting pricing of $6 million public offering. EMCORE Corporation shares were down 40% after reporting pricing of $15.8 million public offering. Tremor International Ltd was down 30% after reporting financial and operating results.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 6:30 pm

PYCR

Following Paycor HCM Inc's Q4 FY23 results, many analysts have reduced their price targets for the company. Despite beating estimates for adjusted EPS and sales, the company's projected revenues for Q1 and FY24 are below consensus. Analysts cite macroeconomic challenges and a toughening sales environment as reasons for their adjustments. Paycor's shares are currently trading lower by 5.55%.

Portfolio Pulse from Lekha Gupta

August 17, 2023 | 6:23 pm