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ARAY

Accuray Incorporated (NASDAQ:ARAY) reported a larger than expected quarterly loss of $(0.10) per share, missing the consensus estimate of $(0.05) by 100%. This represents a significant decline from the $(0.02) per share loss in the same quarter last year. However, the company's quarterly sales of $107.24 million slightly exceeded expectations of $106.67 million, but still marked a 6.55% decrease from the previous year's sales of $114.76 million.

Portfolio Pulse from mahesh@benzinga.com

January 31, 2024 | 9:23 pm

MXL

MaxLinear (NASDAQ:MXL) reported Q4 adjusted EPS of $0.01, matching analyst estimates, but representing a 99.07% decrease from $1.07 per share a year ago. Sales were $125.35M, slightly above the $125.11M estimate, yet marked a 56.86% decrease from $290.59M in the same quarter last year.

Portfolio Pulse from totan@benzinga.com

January 31, 2024 | 9:23 pm

OGI

VFF

Canadian cannabis companies Organigram Holdings Inc. and Village Farms International, Inc. are expanding their presence in the European market. Organigram has shipped its first batch of dried flower to Germany's Sanity Group, while Village Farms has begun building its first indoor cannabis production facility in the Netherlands. The German Bundestag is considering a cannabis legalization initiative, which could further open the market. Organigram's stock closed higher, while Village Farms' stock closed lower on Wednesday.

Portfolio Pulse from Jelena Martinovic

January 31, 2024 | 9:22 pm

THG

Hanover Insurance Group (NYSE:THG) reported Q4 adjusted earnings of $3.13 per share, surpassing the consensus estimate of $2.73 by 14.65% and marking a significant turnaround from a loss of $(1.05) per share in the same quarter last year. However, the company's quarterly sales of $1.35 billion fell short of the expected $1.41 billion, a 4.54% miss, though it was a 1.51% increase from the previous year's sales of $1.33 billion.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:21 pm

DGII

Digi Intl (NASDAQ:DGII) reported Q1 adjusted EPS of $0.48, surpassing the consensus estimate of $0.44. Sales reached $106.09M, slightly above the estimate of $105.61M. However, this reflects a 2.94% decrease in sales compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

January 31, 2024 | 9:21 pm

CMPR

Cimpress reported Q2 earnings of $2.14 per share, surpassing the $1.24 estimate by 72.58%, and a significant improvement from last year's $5.34 loss per share. Sales reached $921.36M, exceeding estimates by 3.28% and marking a 9.01% increase from the previous year.

Portfolio Pulse from mahesh@benzinga.com

January 31, 2024 | 9:21 pm

QCOM

Qualcomm's stock is trading higher following the release of their Q1 financial results, which surpassed expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:20 pm

LSTR

Landstar System reported Q4 2023 earnings of $1.62 per share, slightly above the consensus estimate of $1.61. However, their quarterly sales of $1.20B fell short of the expected $1.24B, marking a 28.12% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:20 pm

RKLB

Rocket Lab has announced a proposed offering of $275 million in Convertible Senior Notes. These notes are a form of debt that can be converted into equity, typically shares of the company. This move could potentially dilute existing shareholders but also provides the company with additional capital for growth, operations, or debt repayment.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:20 pm

THG

Hanover Insurance Group (NYSE:THG) reported Q4 earnings with an EPS of $3.13, surpassing the estimate of $2.73 by 14.65%. Revenue increased by $20 million from the same period last year. In the previous quarter, a miss on EPS resulted in a 2.38% share price drop the following day. The company's past earnings performance shows mixed results with actual EPS meeting or falling short of estimates in the past four quarters.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 9:20 pm