Streetbeat News

Earnings

BABA

Alibaba's shares dropped after releasing Q4 financial results, with options traders betting on a 17% surge in the stock by September expiration. The company reported a 2% YoY revenue growth to $30.32 billion and non-GAAP earnings per ADS of $1.56, beating the consensus of $1.35.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 12:18 pm

DXC

DXC Technology shares are trading lower by around 5% after the company reported worse-than-expected Q4 results. Other stocks with significant pre-market movements include Monogram Orthopaedics, Lucy Scientific Discovery, SunCar Technology Group, and NovaBay Pharmaceuticals.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 12:17 pm

WMS

Advanced Drainage Systems (NYSE:WMS) reported better-than-expected Q4 EPS and sales results, leading to multiple analysts raising their price targets. The company also announced an increase in its annual dividend.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 12:13 pm

CTLT

Catalent (NYSE: CTLT) has announced a delay in its Q3 2023 results and received an NYSE notice regarding late Form 10-Q filing. The company requires additional time to complete its financial statements and other disclosures. A business update call will be held on May 19, 2023.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 12:12 pm

DE

Deere & Co reported better-than-expected Q2 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:12 pm

RBC

RCB Bearings expects Q1 net sales to be between $380M and $390M, compared to the estimated $380.28M.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:02 pm

RBC

RBC Bearings reported Q4 earnings of $2.13 per share, beating the analyst consensus estimate of $1.99 by 7.04%. Sales reached $394.40M, surpassing the estimate of $381.62M by 3.35%.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:01 pm

DXC

DXC Technology reported a Q4 FY23 revenue decline of 10.4% Y/Y to $3.59 billion, missing the consensus of $3.62 billion. The company also announced the appointment of Rob Del Bene as CFO, effective June 15, 2023. DXC shares are trading lower by 2.27% premarket.

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 11:48 am

GLOB

Globant S.A. (NYSE:GLOB) reported better-than-expected Q1 earnings of $1.28 per share and sales of $472.42 million. The company raised its FY23 adjusted EPS and revenue outlook. Analysts from Keybanc, Piper Sandler, and Needham revised their price targets on Globant following the earnings announcement.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 11:31 am

CINT

CI&T (NYSE:CINT) reported Q1 earnings with in-line EPS of $0.07 and revenue up $23.38 million YoY. Last quarter, the company missed EPS by $0.03, resulting in a 5.95% drop in share price the next day.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 11:30 am