Streetbeat News

Earnings

DAVA

Endava reported Q3 earnings of $0.72 per share, beating the analyst consensus estimate of $0.66 by 9.09%. However, the company's quarterly sales of $247.21 million missed the estimate of $251.01 million by 1.51%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:08 pm

TTOO

T2 Biosystems reported Q1 losses of $(1.32) per share, missing the $(1.20) estimate by 10%. Sales were $2.08M, missing the $2.33M estimate by 10.82%. This is a 73.6% increase in losses and a 71.27% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:07 pm

ZIM

ZIM Integrated Shipping Services reported a Q1 loss of 50 cents per share and sales of $1.37 billion, missing market expectations of $1.57 billion. Following the earnings announcement, Barclays and Jefferies cut their price targets on the company.

Portfolio Pulse from Lisa Levin

May 23, 2023 | 11:59 am

ACRDF

ACRHF

CGC

Acreage Holdings reported Q1 2023 revenue of $56.0 million, a 1.6% YoY decrease, and adjusted EBITDA of $10.6 million. The decline in revenue was due to industry headwinds, competitive pressures, and the divestiture of Oregon operations, partially offset by a Maine dispensary acquisition in 2022.

Portfolio Pulse from Vuk Zdinjak

May 23, 2023 | 11:52 am

EQIX

Equinix Inc. (NASDAQ:EQIX), a specialized data center REIT, has demonstrated impressive five-year dividend growth. A $10,000 investment in EQIX five years ago would now be worth $20,308, with a total return of 103.08%. The company recently announced strong Q1 operating results, beating analyst consensus estimates, and raised its full-year 2023 revenue guidance.

Portfolio Pulse from Ethan Roberts

May 23, 2023 | 11:35 am

DAVA

Endava expects an adjusted EPS of £0.44-£0.45 for Q4 and £2.15-£2.16 for FY23.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 11:27 am

FORTY

Formula Sys (1985) reported Q1 earnings of $1.01 per share, a 3.81% decrease YoY, and sales of $670.40M, a 1.95% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 11:25 am

DAVA

Endava reported Q3 adjusted earnings of $0.71 per share, beating the analyst consensus estimate of $0.66 by 7.58%. Sales were $247.17 million, inline with estimates, and an 8.83% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 11:24 am

INTU

Intuit Inc. (NASDAQ: INTU) is expected to report higher Q3 earnings of $8.48 per share, up from $7.65 last year, with revenues of $6.1 billion. The company's shares closed at $454.11 on Monday. Several analysts have recently updated their price targets for the stock.

Portfolio Pulse from Lisa Levin

May 23, 2023 | 11:20 am

LOW

Lowe's Companies reported a 5.5% YoY decline in Q1 FY23 sales to $22.35 billion, beating estimates. The decline was driven by lumber deflation, unfavorable weather, and lower DIY discretionary sales. The company cut its FY23 revenue and EPS outlook due to low consumer demand and lumber deflation.

Portfolio Pulse from Shivani Kumaresan

May 23, 2023 | 11:15 am