Streetbeat News

Stock Prices

WOR

Worthington Industries' Board of Directors has approved the separation of its Steel Processing business, Worthington Steel, via a tax-free spin-off. The Board declared a pro rata distribution of 100% of the outstanding common shares of Worthington Steel to Worthington Industries shareholders. The distribution is expected to be payable on December 1, 2023. Worthington Steel common shares are expected to begin trading on the NYSE on November 28, 2023, under the symbol “WS WI.”

Portfolio Pulse from Charles Gross

November 09, 2023 | 9:19 pm

GRPN

Groupon has entered into an agreement to sell a portion of its investment in SumUp for approximately $10 million. The sale is on the same economic terms as the October sale.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:17 pm

SYNA

Synaptics has projected its Q2 revenue to be between $220M and $250M, which is in line with the estimated $239.82M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:16 pm

HOLX

Hologic plans to enter into an accelerated share repurchase (ASR) agreement for $500 million of its common stock. The ASR is expected to become effective later this month and be completed in Q2 2024. This is in addition to the company's prior share repurchase authorization, with $499 million remaining as of September 30, 2023. Hologic repurchased 3.2 million shares for $238 million in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:16 pm

TKO

Vincent K. McMahon plans to sell 8.4 million shares of TKO Group's Class A common stock in an underwritten secondary offering.

Portfolio Pulse from Charles Gross

November 09, 2023 | 9:14 pm

LIDR

AEye (NASDAQ:LIDR) reported Q3 2023 earnings with losses of $(0.05) per share, beating the analyst consensus estimate of $(0.06) by 16.67%. However, the company's quarterly sales of $188.00K missed the analyst consensus estimate of $600.00K by 68.67%. This represents a 75.49% decrease in sales compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

November 09, 2023 | 9:11 pm

ORGN

Origin Mat (NASDAQ:ORGN) reported Q3 earnings, beating estimated earnings by 269.23% with an EPS of $0.22 versus an estimate of $-0.13. Revenue was up $7.14 million from the same period last year. However, last quarter's earnings beat was followed by a 66.4% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 9:10 pm

TACT

Transact Technologies (NASDAQ:TACT) reported Q3 2023 earnings of $0.09 per share, beating the analyst consensus estimate of $(0.01) by 1000 percent. This is an 80 percent increase from the same period last year. The company also reported quarterly sales of $17.19 million, beating the analyst consensus estimate of $16.19 million by 6.18 percent, although this is a 3.73 percent decrease from the same period last year.

Portfolio Pulse from totan@benzinga.com

November 09, 2023 | 9:10 pm

ISDR

Issuer Direct (AMEX:ISDR) reported Q3 2023 earnings of $0.27 per share, missing the analyst consensus estimate of $0.35 by 22.86%. The company's quarterly sales were $7.57 million, missing the estimate of $8.90 million by 14.96%. However, this represents a 43.35% increase over the same period last year.

Portfolio Pulse from saritha@benzinga.com

November 09, 2023 | 9:08 pm

CPRI

Capri Holdings (NYSE:CPRI) reported Q2 adjusted earnings of $1.13 per share, missing the analyst consensus estimate of $1.52 by 25.66%. This is a 36.87% decrease from the same period last year. The company also reported quarterly sales of $1.29 billion, missing the analyst consensus estimate of $1.34 billion by 3.51%, a decrease of 8.57% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:07 pm