Streetbeat News

Earnings

ZIM

ZIM Integrated Shipping Services Ltd. has revised its 2023 outlook downwards due to continued weakness in freight rates. The company now expects to generate Adjusted EBITDA of $1.2 billion to $1.6 billion and Adjusted EBIT loss of $500 million to $100 million, compared to its prior guidance of Adjusted EBITDA of between $1.8 billion and $2.2 billion and Adjusted positive EBIT of between $100 to $500 million.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:09 am

ANGO

AngioDynamics has projected its FY24 sales to be between $328M-$333M, which is higher than the consensus estimate of $323M. The company also expects its adjusted EPS to be between $0.28-$0.34.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:08 am

INMD

InMode has released preliminary Q2 2023 financial results, expecting revenue between $135.7M - $135.9M and adjusted EPS of $0.70 - $0.71, both exceeding estimates. The company also increased its full year 2023 revenue guidance to $530M - $540M, up from $525M - $530M.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:06 am

ANGO

AngioDynamics (NASDAQ:ANGO) reported Q4 earnings of $0.02 per share, meeting analyst consensus. This is a 100% increase from the same period last year. The company also reported quarterly sales of $91.07 million, beating the analyst consensus estimate of $90.73 million by 0.38%, a 4.69% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:02 am

AEL

BNRE

American Equity Investment Life Holding Co (AEL) reported Q2 2023 sales of $2 billion, led by fixed index annuities business which totaled $1.9 billion, up 94% Q/Q and 141% Y/Y. The company also disclosed its acquisition by Brookfield Reinsurance Ltd (BNRE) for $4.3 billion last week. AEL shares closed higher by 0.38% at $53.11 after-hours on Tuesday.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 10:45 am

AMZN

JPM

NVDA

WFC

Ahead of key inflation reports and earnings results from major companies, the S&P 500 settled higher on Tuesday. Consumer price data will be released on Wednesday, with producer prices report due on Thursday. Major banks including JPMorgan Chase, Citigroup, and Wells Fargo will release earnings on Friday. Amazon shares gained 1.3% on Tuesday with the start of the company's Prime Day deal event. The Nasdaq 100 rose 0.49% amid gains in shares of Amazon and NVIDIA.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 9:42 am

ARBK

Argo Blockchain's mining revenue for June 2023 was $3.84 million, down by 19% compared to May 2023. The company mined 139 Bitcoin, a decrease of 17% from the previous month, due to higher network difficulty and increased curtailment of mining operations at the Helios facility in Texas.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:19 am

ANGO

AZTR

DIS

ICCC

MLKN

AngioDynamics is expected to post quarterly earnings of 2 cents per share on revenue of $90.73 million. Disney is exploring strategic options for its India digital and TV business. MillerKnoll is expected to have earned 39 cents per share on revenue of $945.56 million for the latest quarter. ImmuCell reported preliminary sales of $3.53 million for Q2, down from $3.86 million in the previous year. Azitra named Travis Whitfill as Chief Operating Officer.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 8:06 am

ANGO

CRM

MLKN

Investor sentiment in the U.S. improved ahead of key inflation data, with the CNN Money Fear and Greed index showing a rise. U.S. stocks closed higher on Tuesday, with Salesforce, Inc. (NYSE:CRM) gaining around 4% after announcing a price increase for some of its cloud and marketing tools. Investors are also awaiting earnings results from AngioDynamics, Inc. (NASDAQ:ANGO) and MillerKnoll, Inc. (NASDAQ:MLKN).

Portfolio Pulse from Lisa Levin

July 12, 2023 | 6:49 am

MBGYY

Mercedes-Benz Group reported a 123% surge in Q2 EV sales, selling 515,700 vehicles, including 56,300 battery-electric vehicles. The increase was driven by demand for battery electric and top-end vehicles. In the U.S., sales increased by 6% to 88,100 units, with EV sales jumping 697%. However, overall sales outside Europe, Asia, and North America are down 18% due to the company's withdrawal from Russia. Mercedes also announced that North American customers will have access to the Tesla Supercharger network starting in 2024.

Portfolio Pulse from Anan Ashraf

July 12, 2023 | 5:48 am