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Revenues

DLO

DLocal Ltd (NASDAQ:DLO) reported Q3 earnings with revenue and EPS below estimates, and provided soft guidance for full-year 2023. Revenue was $163.92 million versus the expected $168.51 million, and EPS was 13 cents compared to the forecasted 15 cents. Despite a 47% year-over-year revenue increase and a 69% increase in total payment volume, the reaffirmed revenue guidance of $620 million to $640 million falls short of the $645.96 million estimate. Additionally, CFO Diego Cabrera Canay is stepping down but will remain through Q1 2024 for a smooth transition. After the report, DLocal shares dropped significantly in after-hours trading.

Portfolio Pulse from Adam Eckert

November 21, 2023 | 9:54 pm

AGG

BND

MBB

VMBS

Fund managers are recommending a shift from cash and money market funds to Treasury and mortgage bonds, citing decreasing inflation and potential economic slowdown. Money market fund assets have reached a record $5.73 trillion, but with the Federal Reserve's interest rate hikes potentially nearing an end, bonds are becoming more attractive. The two-year Treasury bond yields 4.89%, while the 5- and 10-year bonds yield 4.44%. Economists predict either an imminent recession or a soft-landing scenario. Mortgage bonds are also suggested as a good investment if interest rates decrease, with increased regulation making them safer than in 2008.

Portfolio Pulse from Natan Ponieman

November 21, 2023 | 9:29 pm

IDEX

Ideanomics reported a significant quarterly loss of $(5.39) per share with sales of $665.00K, which is a sharp 91.91% decrease from $8.22M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:26 pm

NVDA

NVIDIA anticipates a significant decline in sales to China and country groups D1, D4, and D5 in the fourth quarter of fiscal 2024, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:25 pm

IPAR

Inter Parfums forecasts a 12% increase in net sales to $1.45B and an 8% rise in EPS to $5.15 for 2024, compared to 2023 guidance of $1.3B in sales and $4.75 EPS. The growth is expected to be driven by a 5% organic growth in established brands.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:17 pm

DLO

dLocal shares dropped following a Q3 earnings report that missed expectations and a reaffirmation of FY23 revenue guidance that fell short of estimates.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:12 pm

FMS

Fresenius Medical Care has reached a settlement agreement with the US government regarding a complaint filed in 2019 to recover monies owed by the U.S. Department of Defense under the Tricare program. The settlement is expected to positively impact the company's revenue and operating income.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:09 pm

JWN

Nordstrom has updated its fiscal 2023 outlook, anticipating a revenue decline of 4%-6% compared to fiscal 2022. This includes a 250 basis point negative impact from the wind-down of its Canadian operations and a 130 basis point positive impact from an additional 53rd week. The company expects an EBIT margin of 1.8-2.1% and an adjusted EBIT margin of 3.8-4.1%, excluding the Canadian wind-down charges. The income tax rate is projected at 21%, with an 800 basis point benefit from one-time Canada charges. EPS is forecasted at $0.74-$0.94, with an adjusted EPS of $1.90-$2.10, not accounting for any share repurchase activity.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:07 pm

SPI

SPI Energy reported a Q3 2023 EPS of $(0.06), an improvement from $(0.48) in the same quarter last year. Revenue increased to $55.9M from $42.8M YoY, indicating growth.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:05 pm

ADSK

Autodesk provided its FY24 adjusted earnings per share (EPS) guidance to be between $7.43 and $7.49, compared to the estimated $7.46. The company also forecasts revenue to be in the range of $5.45 billion to $5.465 billion, which is slightly above the estimated $5.43 billion.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:04 pm