Streetbeat News

Stock Prices

SIEGY

Siemens AG reported Q3 FY23 revenue growth of 6% Y/Y to €18.9 billion, missing the consensus estimate of €19.27 billion. Orders rose 10% Y/Y to €24.2 billion, beating the consensus. Profit Industrial Business fell 4% Y/Y to €2.75 billion, missing the consensus of €2.90 billion. Siemens reiterated FY23 guidance of comparable revenue growth at 9% to 11% and a book-to-bill ratio above 1. SIEGY shares closed at $80.27 on Wednesday.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 1:24 pm

CYBR

CyberArk Software Ltd reported Q2 FY23 revenue growth of 24% YoY to $175.8 million, beating the consensus of $173.4 million. Non-GAAP EPS of $0.03 also beat the consensus loss of $(0.12). The company raised its FY23 revenue and non-GAAP EPS outlook. Following the report, CYBR shares traded higher by 6.71% in premarket.

Portfolio Pulse from Anusuya Lahiri

August 10, 2023 | 1:21 pm

G

BMO Capital analyst Keith Bachman has maintained a 'Market Perform' rating on Genpact (NYSE:G) but lowered the price target from $46 to $41.

Portfolio Pulse from richadhand@benzinga.com

August 10, 2023 | 1:16 pm

HIMX

Himax Technologies, Inc (NASDAQ:HIMX) reported a Q2 FY23 revenue decline of 24.8% YoY to $235.03 million, slightly missing the consensus of $235.6 million. Earnings per ADS of $0.005 beat the consensus. Revenue from large display drivers declined by 14.3% Q/Q. Small and medium-sized display drivers' revenue was $150.3 million, down by 2.9% Q/Q. The company sees Q3 revenue to be flat to decline 7.0% Q/Q. HIMX shares traded lower by 1.53% premarket.

Portfolio Pulse from Anusuya Lahiri

August 10, 2023 | 1:16 pm

CMCSA

DIS

NFLX

PENN

Disney reported a mixed fiscal Q3 with revenues of $22.33 billion, slightly below expectations. The company made a rare quarterly net loss of $460 million due to one-time charges and content impairments. Disney+ subscriptions dropped by 7.4%, worse than expected, largely due to losing the rights to Indian Premier League cricket matches. However, the Parks and Experiences division saw a 13% rise in revenue to $8.3 billion. Disney plans to raise the price of its ad-free streaming offering and crack down on password sharing, following Netflix's strategy.

Portfolio Pulse from Upwallstreet

August 10, 2023 | 1:15 pm

SPRC

SciSparc Ltd. has announced the pricing of its underwritten public offering of 6.5 million shares at $0.20 per share, raising a total of $1.3 million.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:14 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares are down after reporting mixed Q2 results and being downgraded by Roth MKM analysts. Q2 revenue increased 72% YoY to $260.18 million, beating estimates. However, the company reported a loss of 40 cents per share, missing estimates. Plug Power reaffirmed its full-year 2023 revenue guidance of $1.2 billion to $1.4 billion. Roth MKM downgraded the stock from Buy to Neutral and lowered the price target from $13 to $7.50.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 1:14 pm

SMCI

Supermicro, Inc. (NASDAQ:SMCI) has announced the high volume production of its E3.S all-flash storage portfolio with new CXL memory expansion offerings. The new systems support the industry's first PCIe Gen5 drives and CXL modules, meeting the demands of large AI Training and HPC clusters. The systems are available with either the 4th Gen Intel Xeon Scalable processors or 4th Gen AMD EPYC processors. The company's Petascale systems are the first in the industry to support up to 4x E3.S 2T (15 mm) CMM devices on Intel and AMD based platforms.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 1:14 pm

DNUT

Krispy Kreme Inc (NASDAQ:DNUT) reported Q2 FY23 sales growth of 9% year-on-year to $408.88 million, missing the analyst consensus of $410.83 million. The company reaffirmed its FY23 outlook, expecting sales of $1.65 billion - $1.68 billion and adjusted EPS of $0.31 - $0.34. DNUT shares closed higher by 0.14% at $14.40 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

August 10, 2023 | 1:13 pm

KIQ

Kelso Technologies (AMEX:KIQ) reported a 24.98% decrease in Q2 sales, down to $2.15 million from $2.87 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:09 pm