Streetbeat News

Earnings

AIRS

Airsculpt Technologies forecasts Q2 revenue of about $55.7M, a 12.2% increase year-over-year, beating the consensus estimate of $53.75M.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:05 am

ABNB

ADBE

IEP

JPM

WFC

The S&P 500 settled higher on Monday after a 1.2% loss last week due to the addition of 209,000 jobs in June. Icahn Enterprises L.P. (NASDAQ:IEP) shares gained over 20% after Carl Icahn amended loan agreements. Big banks such as JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Company (NYSE:WFC) will release earnings on Friday. The Nasdaq 100 rose 0.06% despite losses in shares of Adobe Inc (NASDAQ:ADBE) and Airbnb Inc (NASDAQ:ABNB). The CBOE Volatility Index (VIX) rose 1.6%.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 9:46 am

WDFC

WD-40 Co (NASDAQ:WDFC) reported a Q3 FY23 revenue increase of 15% Y/Y at $141.7 million, beating the consensus of $138.4 million. Gross margin expanded to 50.6% from 47.7% in the prior-year quarter. The company also declared a quarterly dividend per share of $0.83 and repurchased shares worth $1.8 million in the quarter. The board approved a new share repurchase plan of buying back up to $50.0 million of common shares through August 31, 2025. The company reiterated its 2023 outlook, expecting net sales of $535 million-$560 million and an EPS of $4.80-$5.00.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 9:42 am

PSMT

PriceSmart Inc reported a Q3 FY23 revenue increase of 6.4% Y/Y to $1.097 billion, slightly missing the consensus of $1.100 billion. Net merchandise sales rose 7.1% Y/Y to $1.07 billion. Adjusted EBITDA stood at $63.2 million vs. $51.3 million a year ago. Adjusted EPS of $1.02 exceeded the consensus of $0.85. The company authorized a share buyback of up to $75 million in the quarter. PSMT shares closed lower by 5.06% at $73.00 after-hours on Monday.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 9:18 am

BYRN

CAMP

IOVA

VOXX

WDFC

CalAmp Corp. reported a loss for Q1 and issued a weak revenue forecast for Q2, causing its shares to fall 1.9%. Byrna Technologies is expected to post quarterly earnings of 1 cent per share on revenue of $12 million. Iovance Biotherapeutics priced its public offering of 20 million shares at $7.50 per share, leading to a 9.9% drop in its shares. WD-40 Company reported better-than-expected Q3 results and announced a 50 million share buyback program, causing its shares to gain 4.1%. VOXX International Corporation reported downbeat Q3 results, leading to a 12.8% dip in its shares.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 8:16 am

BYRN

HELE

The CNN Money Fear and Greed index remained in the 'Extreme Greed' zone on Monday, with U.S. stocks closing higher after a poor performance last week. Helen of Troy Limited (NASDAQ:HELE) shares jumped over 18% after reporting better-than-expected Q1 results and issuing guidance. Investors are awaiting earnings results from Byrna Technologies Inc. (NASDAQ:BYRN).

Portfolio Pulse from Lisa Levin

July 11, 2023 | 6:22 am

Associated Capital (AC) reported its 2Q23 book value to be between $41.35 and $41.55 per share. The company's assets under management were $1.55 billion at the end of June 2023, down from $1.80 billion a year earlier.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 5:36 am

APA

APA Corporation expects its oil production in the US for Q2 to exceed expectations.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 9:54 pm

ETWO

E2Open has reiterated its full year 2024 guidance, expecting GAAP subscription revenue to be between $545M-$555M, total GAAP revenue between $655M-$670M, and Q2 FY24 GAAP subscription revenue between $132M-$135M. The company also expects a non-GAAP gross profit margin of 68%-70% and adjusted EBITDA of $218M-$228M for fiscal 2024.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 8:22 pm

ETWO

E2open Parent Holdings (NYSE:ETWO) reported Q1 earnings of $0.05 per share, in line with analyst consensus. This is a 28.57% decrease from the same period last year. The company's quarterly sales of $160.12M missed the analyst consensus estimate of $160.62M by 0.31%, a 0.17% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 8:19 pm