Streetbeat News

Earnings

REUN

Reunion Neuroscience (NASDAQ:REUN) reported its Q4 earnings, missing estimated earnings by 41.38% with an EPS of $-0.41 versus an estimate of $-0.29. Revenue was down $1.36 million from the same period last year. Last quarter, the company also missed on EPS by $0.16, which was followed by a 0.8% increase in the share price the next day.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 12:25 pm

REUN

Reunion Neuroscience (NASDAQ:REUN) reported its Q4 earnings, missing estimated earnings by 41.38% with an EPS of $-0.41 versus an estimate of $-0.29. Revenue was down $1.36 million from the same period last year. Despite missing on EPS last quarter, the share price increased by 0.8% the next day.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 12:25 pm

ASH

Ashland has issued Q3 sales guidance below estimates and cut FY23 sales guidance below estimates, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:21 pm

MRAI

Marpai, Inc. (NASDAQ:MRAI) has confirmed its Q2 2023 revenue guidance of $9.5M-$9.8M. The company also expects an improvement in Q2's EBITDA and net income compared to Q1 2023. This comes after the acquisition of Maestro Health and ongoing integration efforts. Despite flat revenues, cost-cutting efforts are showing results, as evidenced by the expected improvement in EBITDA.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 12:20 pm

BB

CRMD

IMBI

KTRA

NOVN

WAVE

Several stocks experienced significant pre-market movements. Notable gainers include Eco Wave Power Global AB (WAVE), Kintara Therapeutics (KTRA), and BlackBerry Limited (BB), while CorMedix Inc. (CRMD), iMedia Brands (IMBI), and Novan Inc. (NOVN) were among the losers. Factors influencing these movements include recent earnings reports, grant awards, and public offerings.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 12:18 pm

CXXIF

C21 Investments Inc. reported Q1 FY 2024 revenue of $7.7 million, up 9.4% sequentially, and an increase of 3% compared to Q1 FY 2023. However, gross profit decreased by 31.8% to $2.7 million, and gross margin was 35.4%, down from 53.4% in Q1 FY 2023. Adjusted EBITDA was $1.6 million, a 67% increase sequentially, but a 30% decrease compared to Q1 FY 2023. The company ended the period with $1.8 million in cash.

Portfolio Pulse from Vuk Zdinjak

June 29, 2023 | 12:10 pm

MSM

MSC Industrial Direct Company, Inc (NYSE:MSM) reported Q3 FY23 sales growth of 10% YoY to $1.05 billion, beating consensus of $1.02 billion. However, gross margin contracted 220 bps to 40.7% and adjusted operating income decreased 1.2% YoY. Adjusted EPS of $1.74 missed consensus of $1.75. The company's operating cash flow YTD was $567.1 million, compared to $135.3 million a year ago. MSM shares closed lower by 1.08% at $95.95 on Wednesday.

Portfolio Pulse from Anusuya Lahiri

June 29, 2023 | 12:10 pm

RAD

Rite Aid Corp (NYSE:RAD) reported Q1 FY24 sales of $5.65 billion, beating the consensus of $5.32 billion. The company also reported an Adjusted EPS loss of $(0.73), better than the consensus of $(1.46). Rite Aid raised its FY24 revenues outlook to $22.6 billion - $23 billion, with retail pharmacy segment revenue of $18 billion - $18.3 billion and pharmacy services segment revenue of $4.6 billion - $4.7 billion. Adjusted EPS loss is expected to be $4.29-$4.7, better than the prior guidance of $4.44- $4.93 loss.

Portfolio Pulse from Vandana Singh

June 29, 2023 | 11:59 am

FL

HIBB

NKE

Nike, Inc (NYSE:NKE) is expected to forecast full-year profit below Wall Street estimates due to inflation affecting demand for its products from wholesalers like Foot Locker Inc (NYSE:FL) and Hibbett Inc (NASDAQ:HIBB). Several analysts have trimmed their FY24 expectations for Nike's EPS and slashed their price targets on the company's stock. Despite this, analysts expect a robust rebound in China to offset the hit to sales from cooling consumer appetite in the North American region.

Portfolio Pulse from Anusuya Lahiri

June 29, 2023 | 11:44 am

GBX

Greenbrier Companies Inc (NYSE:GBX) reported Q3 FY23 sales growth of 30.8% YoY to $1.04 billion, beating the analyst consensus. Adjusted EPS of $1.02 also beat the consensus of $0.58. The company recorded new railcar orders for 4,600 units valued at $650 million, and deliveries of 6,600 units. The board increased the quarterly dividend by 11% to $0.30 per share and repurchased 1.2 million shares of stock for $32 million. Greenbrier raised its FY23 revenue outlook to $3.8 billion – $3.90 billion.

Portfolio Pulse from Shivani Kumaresan

June 29, 2023 | 11:37 am