Streetbeat News

Earnings

STIM

Neuronetics has projected its total operating expenses for FY23 to be between $82M-$86M. The company also expects its Q3 2023 revenue to be in the range of $17M-$18M, compared to the estimated $17.8M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:50 pm

TWKS

Thoughtworks has projected its FY23 revenue to be between $1.137B and $1.157B, which is lower than the estimated $1.26B.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:49 pm

TWKS

Thoughtworks has projected its Q3 2023 revenue to be between $275M-$285M, which is significantly lower than the estimated $326.93M. The company also expects its adjusted EPS to be $0.02-$0.03, compared to the estimated $0.12.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:49 pm

LLY

Eli Lilly and Company (LLY) is set to release its quarterly earnings on Aug. 8, 2023. The options market implies a move of around +/-4.5% following the earnings release. Analysts expect the company to report earnings of $1.99 per share on revenue of $7.58 billion. There was a buyer of 2,300 of the September 450-puts, indicating traders expect the stock to move lower.

Portfolio Pulse from Priya Nigam

August 08, 2023 | 12:48 pm

TPG

TPG (NASDAQ:TPG) reported Q2 earnings of $0.26 per share, missing the analyst consensus estimate of $0.34 by 23.53%. This is a 43.48% decrease from the same period last year. The company also reported quarterly sales of $285.73 million, missing the analyst consensus estimate of $289.25 million by 1.22%. This is a 1.46% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:48 pm

CRON

Cronos Group Inc. reported Q2 2023 net revenue of $19.0 million, a decrease of 11.9% YoY, primarily due to lower cannabis flower sales in Israel and an adverse price/mix in the Canadian cannabis flower category. The company also announced the discontinuation of net revenue guidance and withdrawal of its net revenue target for full-year 2023. Cronos plans to wind down the Cronos Fermentation facility in Winnipeg, Canada, and expects to capture an incremental $10 to $15 million in full-year savings in 2024.

Portfolio Pulse from Vuk Zdinjak

August 08, 2023 | 12:47 pm

IFF

International Flavors & Fragrances Inc. (IFF) reported worse-than-expected Q2 results and lowered its FY23 outlook. The company's shares fell 21.6% in pre-market trading. Analysts from Stifel and Credit Suisse have cut their price targets on IFF following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 12:47 pm

CTV

Innovid Corp has projected its FY23 revenue to be between $132M and $136M, which is higher than the estimated $131.03M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:46 pm

BYND

Beyond Meat Inc (NASDAQ:BYND) reported worse-than-expected Q2 results, with a 30.5% YoY drop in revenue to $102.1 million, missing the consensus estimate of $111.28 million. The company also reported a quarterly loss of 83 cents per share, missing analyst estimates for a loss of 81 cents per share. Following the results, BMO Capital cut its price target for Beyond Meat from $14 to $13. The company's shares were down 17.8% at the time of publication.

Portfolio Pulse from Adam Eckert

August 08, 2023 | 12:46 pm

BYND

Beyond Meat's shares are trading lower following the company's Q2 financial results, which were below expectations. The company also issued FY23 revenue guidance that was lower than estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:45 pm