Streetbeat News

Earnings

ISPR

Ispire Technology Inc. (NASDAQ:ISPR) has increased its Q4 2023 revenue outlook for its cannabis vaping hardware to $14M-$15M, up from the previous estimate of $12M-$15M. This represents a YoY growth of 247% to 271% from Q4 2022. The company's total revenue for Q4 is projected to be $29M-$31M, a growth of 33% to 42% from Q4 2022.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 12:39 pm

NKE

Nike Inc. (NYSE:NKE) is expected to release its Q4 2023 financial results on June 29, 2023. Options markets are implying a move of around +/-6.38% following the earnings release, which is 2% below its historical average. Traders are buying puts, indicating an expectation of Nike's shares trading lower by the end of the week. Analysts expect Nike to post quarterly earnings at 67 cents per share on revenue of $12.59 billion.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 12:36 pm

PAYX

Paychex (NASDAQ:PAYX) reported Q4 earnings of $0.97 per share, in line with analyst consensus. This is a 19.75% increase from the same period last year. The company also reported quarterly sales of $1.23 billion, beating the analyst consensus estimate of $1.22 billion by 0.74%. This is a 7.43% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:35 pm

MKC

McCormick & Co Inc reported Q2 FY23 sales growth of 8% year-on-year to $1.66 billion, slightly missing the analyst consensus of $1.67 billion. Adjusted EPS of $0.60 beat the consensus of $0.57. The company reaffirmed FY23 revenue growth guidance of 5% - 7% and raised FY23 Adjusted EPS outlook to $2.60 - $2.65 from $2.56 - $2.61. MKC shares closed lower by 1.50% at $91.85 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

June 29, 2023 | 12:29 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. 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