Streetbeat News

Earnings

LESL

Leslie's Inc (NASDAQ:LESL) shares dropped nearly 20% in after-hours trading following the release of preliminary Q3 results and the announcement of a CFO transition. The company's Q3 revenue is expected to be $611 million, significantly lower than the estimated $703.74 million. Adjusted earnings are anticipated to be between 39 cents and 41 cents per share, compared to estimates of 69 cents per share. The company also lowered its full-year 2023 revenue outlook. CFO Steve Weddell is stepping down and will be replaced by Scott Bowman.

Portfolio Pulse from Adam Eckert

July 13, 2023 | 8:31 pm

HIHO

Highway Holdings (NASDAQ:HIHO) reported a Q4 loss of $(0.28) per share, a 211.11% decrease YoY. Sales also decreased by 43.65% to $1.70 million compared to $3.01 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:20 pm

LESL

Leslie's has released its preliminary Q3 2023 adjusted EPS forecast of $0.39-$0.41, which is lower than the estimated $0.69. The company also expects sales to be $611M, lower than the estimated $703.74M.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:11 pm

AEHR

Aehr Test Systems has projected its FY24 revenue to be at least $100 million, indicating a YoY growth of over 50%. The company also expects its GAAP net income to be at least $28 million, representing a YoY growth of more than 90%.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:08 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) reported Q4 earnings of $0.23 per share, beating the analyst consensus estimate of $0.21 by 9.52%. The company also reported quarterly sales of $22.27 million, surpassing the analyst consensus estimate of $22.01 million by 1.18%. This represents a 9.76% increase over sales of $20.29 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:06 pm

FEIM

Frequency Electronics (NASDAQ:FEIM) reported Q4 earnings of $0.03 per share, a 104.05% increase YoY. The company also reported $13.00 million in sales, a 27.98% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:03 pm

EDUC

Educational Development Corporation (NASDAQ:EDUC) reported Q1 losses of $0.11 per share, a 466.67% decrease YoY. The company's quarterly sales were $14.50 million, missing the analyst consensus estimate of $23.90 million by 39.33%. This represents a 37.50% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:02 pm

NRIX

Nurix Therapeutics reported Q2 earnings per share (EPS) of $(0.45), beating the analyst consensus estimate of $(0.56) by 19.64%. This is a 55.45% increase over losses from the same period last year. The company also reported quarterly sales of $30.68 million, beating the analyst consensus estimate of $26.21 million by 17.04%. This is a 168.33% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:02 pm

AZTA

CYRX

Cryoport Inc's shares are trading lower after the company released preliminary results for Q2 FY23 and updated its revenue expectations for FY23. The company expects Q2 sales of $56.5 million - $57.5 million, a decrease of 11% compared to Q2 2022 and below the consensus of $67.4 million. Cryoport also lowered its FY23 sales outlook to $233 million - $243 million, down from prior guidance of $270 million - $290 million. Despite this, analysts remain bullish on the company's long-term return.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 6:52 pm

CAMT

CYRX

FWBI

JZXN

NKLA

PEP

VSAT

PepsiCo Inc reported better-than-expected Q2 results and raised FY23 outlook, leading to a positive impact on its stock. Energy shares fell by 0.9% while communication services shares climbed by 2.4%. Stocks of Jiuzi Holdings, Nikola Corporation, and Camtek Ltd rose significantly. However, Viasat, Cryoport, and First Wave BioPharma stocks fell due to various reasons.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 6:39 pm