Streetbeat News

Stock Prices

WOLF

Wolfspeed Inc (NYSE:WOLF) reported Q1 earnings with losses per share of 53 cents, beating the estimate of losses of 67 cents, and revenue of $197.4 million, missing the $207.64 million estimate. The company also reported device design-ins of $2.2 billion. Wolfspeed anticipates Q2 revenue to be between $192 million and $222 million. Shares of WOLF were up 9.75% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

October 30, 2023 | 9:14 pm

KRG

Kite Realty Group Trust has increased its 2023 NAREIT FFO guidance range to $1.99-$2.03 from the previous $1.96-$2.00.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:10 pm

SIEN

Sientra has withdrawn its FY23 guidance due to expectations of a volatile operating environment in Q4, influenced by macroeconomic and geopolitical factors.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:09 pm

SIEN

Sientra, Inc. (NASDAQ:SIEN) has reported preliminary unaudited financial results for Q3 2023, with expected revenue in the range of $19.2 million to $19.7 million, lower than the estimated $24.25 million. The company attributes the lower revenue to market softness and seasonal headwinds. Sientra has withdrawn its fiscal year 2023 guidance due to expected volatility in Q4. The company is exploring strategic alternatives to improve its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:08 pm

LEG

Leggett & Platt has projected its Q4 sales to be between $1.09B and $1.14B, which is lower than the estimated $1.175B. The company also expects its adjusted EPS to be between $0.22 and $0.32, lower than the estimated $0.36.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:08 pm

SPG

Simon Property Group Inc (NYSE:SPG) reported Q3 earnings with FFO of $1.201 billion, or $3.20 per share, up from $1.099 billion, or $2.93 per share, from the same period last year. Occupancy in U.S. Malls and Premium Outlets was 95.2% by Sept. 30, an increase of 70 basis points from last year. The company estimated net income to be between $6.67 and $6.77. Full-year 2023 FFO was anticipated to be in a range between $12.15 and $12.25. Shares of SPG were up 0.76% at $105.98 in the after-hours session.

Portfolio Pulse from Ryan Gustafson

October 30, 2023 | 9:05 pm

TLT

The U.S. Treasury Department has lowered its Q4 borrowing estimate to $776 billion, down from the previously predicted $852 billion. This reduction is due to substantial deferred tax receipts from states that received extensions because of natural disasters. Despite the lower borrowing estimate, the bond market didn’t rally as expected on Monday. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) experienced a 0.4% drop in value.

Portfolio Pulse from Piero Cingari

October 30, 2023 | 9:05 pm

PSTV

Plus Therapeutics (NASDAQ:PSTV) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $-1.12. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $1.07, down 84.4% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 9:01 pm

FLXS

Flexsteel Industries (NASDAQ:FLXS) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.24. The company's past performance shows a pattern of beating EPS estimates, but this has sometimes been followed by a drop in share price. The company's shares were trading at $19.75 as of October 27, and have seen a 31.99% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 9:01 pm

RGEN

Repligen (NASDAQ:RGEN) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.16. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $119.58, down 38.47% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 9:01 pm