Digi International Q4 Results Beat Street View; Shares Up 8%

Thirty-Year Bond Auction Attracts Below Average Demand

After reporting below average demand this month’s three-year and ten-year note auctions, the Treasury Department revealed on Wednesday that this month’s auction of $25 billion worth of thirty-year bonds also attracted below average demand.

The thirty-year bond auction drew a high yield of 1.940 percent and a bid-to-cover ratio of 2.20.

The Treasury sold $24 billion worth of thirty-year bonds last month, drawing a high yield of 2.049 percent and a bid-to-cover ratio of 2.36.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous thirty-year bond auctions had an average bid-to-cover ratio of 2.32.

U.S. judge halts Johnson & Johnson talc litigation for 60 days

CHARLOTTE, N.C., Nov 10 (Reuters) – A U.S. bankruptcy judge on Wednesday put a 60-day halt on tens of thousands of legal claims against Johnson & Johnson alleging that its talc-based products cause cancer.

U.S. Bankruptcy Judge Craig Whitley ordered the halt at a hearing in Charlotte, North Carolina.

Disney's newest 'Star Wars' series is here

New York (CNN Business)Disney’s streaming service continues to grow — just not as strong as investors on Wall Street were hoping.

The streaming service now has 118.1 million subscribers. That’s higher than the 116 million the company reported in August, but a softer-than-expected result that sent shares down as much as 4.5% in after-hours trading.
Overall, Disney (DIS) nabbed $18.5 billion in revenue in the quarter, which was up 26% from last year. That’s slightly worse than the $18.8 billion that analysts were expecting.

    Brooks Automation Inc. Q4 adjusted earnings Beat Estimates

    Brooks Automation Inc. (BRKS) announced a profit for fourth quarter that decreased from last year.

    The company’s bottom line came in at $21.8 million, or $0.29 per share. This compares with $28.9 million, or $0.39 per share, in last year’s fourth quarter.

    Analysts had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

    The company’s revenue for the quarter rose 42.0% to $48.7 million from $34.3 million last year.

    Brooks Automation Inc. earnings at a glance:

    -EPS (Q4): $0.78 vs. $0.47 last year.
    -Analysts Estimate: $0.77
    -Revenue (Q4): $48.7 Mln vs. $34.3 Mln last year.

    Blend Labs, Inc Q3 Earnings Summary

    Below are the earnings highlights for Blend Labs, Inc (..):

    -Earnings: -$76.93 million in Q3 vs. -$15.21 million in the same period last year.
    -EPS: -$0.38 in Q3 vs. -$0.38 in the same period last year.
    -Revenue: $89.57 million in Q3 vs. $27.88 million in the same period last year.

    -Guidance:
    Full year revenue guidance: $229 – $239 Mln

    DHI Group Inc. Q3 adjusted earnings Miss Estimates

    Below are the earnings highlights for DHI Group Inc. (DHX):

    -Earnings: -$2.43 million in Q3 vs. -$27.32 million in the same period last year.
    -EPS: -$0.05 in Q3 vs. -$0.57 in the same period last year.
    -Analysts projected $0.01 per share
    -Revenue: $30.76 million in Q3 vs. $27.15 million in the same period last year.

    Beazer Homes USA Inc. Profit Climbs In Q4, Beats estimates

    Beazer Homes USA Inc. (BZH) announced a profit for its fourth quarter that rose from the same period last year.

    The company’s bottom line came in at $48.36 million, or $1.57 per share. This compares with $23.68 million, or $0.79 per share, in last year’s fourth quarter.

    Analysts had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

    The company’s revenue for the quarter fell 14.0% to $590.94 million from $686.75 million last year.

    Beazer Homes USA Inc. earnings at a glance:

    -Earnings (Q4): $48.36 Mln. vs. $23.68 Mln. last year.
    -EPS (Q4): $1.57 vs. $0.79 last year.
    -Analysts Estimate: $0.82
    -Revenue (Q4): $590.94 Mln vs. $686.75 Mln last year.

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    Kinross Gold Corp. Q3 adjusted earnings Inline With Estimates

    Below are the earnings highlights for Kinross Gold Corp. (K.TO):

    -Earnings: -$44.9 million in Q3 vs. $240.7 million in the same period last year.
    -EPS: -$0.04 in Q3 vs. $0.19 in the same period last year.
    -Excluding items, Kinross Gold Corp. reported adjusted earnings of $90.2 million or $0.07 per share for the period.
    -Analysts projected $0.07 per share
    -Revenue: $0.86 billion in Q3 vs. $1.13 billion in the same period last year.

    Digi International Q4 Results Beat Street View; Shares Up 8%

    Shares of Digi International Inc. (DGII) jumped over 8% in extended trading session on Wednesday after the company’s fourth-quarter profit and revenues trumped Wall Street estimates.

    Fourth-quarter net income was $4.59 million or $0.13 per share, compared to $4.43 million or $0.15 per share last year.

    Adjusted earnings for the quarter were $0.25 per share, up from $0.32 per share last year.

    Revenues for the quarter grew to $79.11 million from $73.17 million last year.

    Analysts polled by Thomson Reuters estimated earnings of $0.08 per share on revenues of $77.20 million for the quarter.

    “Digi grew revenues over 10% despite unprecedented supply chain challenges,” said Ron Konezny, President and Chief Executive Officer. “Annualized Recurring Revenues growth of 30% demonstrates our relentless dedication to adding more value to our customers’ digital transformations. The addition of Ventus to the Digi family further accelerates our transformation to software, services, and subscription offerings. Digi now provides subscription based services to over 250,000 sites.”

    Looking forward to full year 2022, Digi expects adjusted earnings of $0.30 to $0.34 per share. Analysts currently estimate earnings of $0.66 per share.

    DGII closed Wednesday’s trading at $22.53, down $0.15 or 0.66%, on the Nasdaq. The stock, however, gained $1.89 or 8.39% in the after-hours trading.