Streetbeat News

Earnings

UBER

Uber's CFO, Nelson Chai, plans to leave the company, marking the most significant executive departure since Uber's IPO in 2019. Chai played a crucial role in improving Uber's earnings, cash flow, and operating profitability. Under his tenure, Uber made significant acquisitions and achieved its first-ever quarter of positive adjusted Ebitda. Uber's Q1 FY23 revenue grew by 29% YoY to $8.82 billion, beating the consensus of $8.72 billion.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:20 am

APG

APi Group expects to deliver a strong Q2 with high-single-digit organic net revenue growth, gross and adjusted EBITDA margin expansion, and improved free cash flow conversion compared to the previous year. The company's Q2 2023 adjusted EBITDA is expected to be at or above the midpoint of the financial guidance provided on May 4, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:18 am

GFS

GlobalFoundries has announced that its Q2 guidance, which was provided on May 9, remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:13 am

VOXX

VOXX International Corporation reported a Q1 FY24 revenue decline of 13.1% Y/Y to $111.9 million, missing the consensus of $122.3 million. Net sales declined in both the Automotive Electronics and Consumer Electronics segments. The company reported a loss per share of $(0.45), missing the consensus loss of $(0.22). VOXX shares traded lower by 13.7% to $9.79 premarket on the last check Tuesday.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 10:53 am

NTR

Nutrien has announced a reduction in production at its Cory Potash Mine due to a strike at the Port of Vancouver. This, along with other factors such as the ILWU strike, Portland terminal outage, and lower global potash prices, is expected to cause Nutrien's full-year 2023 Potash adjusted EBITDA to fall below its previous guidance range.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:47 am

CHH

Choice Hotels has projected that it will generate more than 10% adjusted EBITDA growth at the midpoint in 2024.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:37 am

CHH

Choice Hotels has reaffirmed its financial guidance for FY23 and projected continued growth in 2024. The company also provided an update on the rapid integration of the Radisson Hotels Americas portfolio into its franchisee success system.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:32 am

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

C

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