Streetbeat News

Earnings

META

Meta Platforms, Inc. (NASDAQ:META) shares are on the rise following the successful launch of the company's new app, Threads. The stock has gained nearly 5% since the app's release on July 6 and is up over 16% in the last 30 days. Threads has received over 100 million sign-ups in the first five days of its release. Meta will announce its Q2 financial results on July 26.

Portfolio Pulse from Erica Kollmann

July 12, 2023 | 3:21 pm

WIT

Wipro (NYSE:WIT) is set to release its quarterly earnings report on July 13, 2023. Analysts estimate an EPS of $0.07. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $4.7, down 5.19% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:00 pm

DAKT

Daktronics, Inc. (NASDAQ:DAKT) reported a 29.4% YoY increase in Q4 FY23 revenue to $209.86 million, beating the analyst consensus. The company's Q4 EPS was $0.47, also surpassing the consensus. Despite a 37.2% slump in quarterly orders, the company's gross margin expanded to 24.8% due to strategic pricing and increased productivity. The company plans to invest in high-return projects and technologies, expecting strong fiscal 2024.

Portfolio Pulse from Nabaparna Bhattacharya

July 12, 2023 | 2:58 pm

SPCE

An option alert has been issued for Virgin Galactic Holdings (SPCE) for January 19 $6 calls at the ask price of $0.68. This is against an open interest of 10,578. The company is expected to release its earnings on August 3 after market close. The reference price is $3.87.

Portfolio Pulse from Charles Gross

July 12, 2023 | 2:48 pm

BEPC

CWEN

ENIC

GNE

PAM

Benzinga Insights has identified Brookfield Renewable (BEPC), Clearway Energy (CWEN), Enel Chile (ENIC), Genie Energy (GNE), and Pampa Energia (PAM) as notable value stocks in the utilities sector. The selection is based on low P/E multiples, indicating that these companies may be undervalued. The report also includes Q1 earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:42 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower after the company announced its Q2 production and delivery numbers. The company produced 2,173 electric vehicles and delivered 1,404 vehicles during the period. Lucid also announced the commencement of material shipments to Saudi Arabia. The company will release its Q2 financial results on August 7.

Portfolio Pulse from Erica Kollmann

July 12, 2023 | 2:21 pm

INMD

InMode has issued Q2 2023 EPS and revenue guidance above estimates and increased full year 2023 revenue guidance. This has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:14 pm

IGC

IGC Pharma, Inc. (AMEX:IGC) reported FY23 financial results, with revenue of $911,000, a 129% increase from FY22. Gross profit was $422,000, R&D expenses were $3.5 million, and net loss was $11.5 million. The company is progressing with its drug formulations through FDA trials, particularly IGC-AD1, which is showing strong results in phase 2B trials. IGC Pharma also secured a $12M credit facility from O-Bank for Alzheimer's research and raised $3M via private placement.

Portfolio Pulse from Vuk Zdinjak

July 12, 2023 | 2:13 pm

LCID

Lucid Motors' shares are trading lower following the announcement of the company's Q2 production and deliveries.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:11 pm

INMD

InMode Ltd. (NASDAQ:INMD) has released its preliminary results for Q2 2023, with expected revenues of $135.7 million-$135.9 million, above the consensus of $130.28 million. The company also raised its FY23 revenue guidance to $530 million-$540 million from the previous guidance of $525 million-$530 million. InMode's shares are trading higher by 2.11% in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

July 12, 2023 | 2:05 pm