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Home Blog Page 8628

Aurinia Pharmaceuticals’ Upcoming Q4 Earnings Preview

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RBC Capital analysts provided their outlook on Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) ahead of the upcoming Q4 earnings, expected to be released on Tuesday.
The company announced preliminary Q4/22 revenues of $28.4 million that were ahead of Street estimates. Management expects LUPKYNIS net revenue in the range of $120-140 million in 2023 (vs. Street’s estimate of $136.5 million).
The analysts expect the focus to remain on LUPKYNIS growth and ring-fencing opportunities around the dosing patent. The management team holds the belief that the new patent application ‘140 has the capability to offer extra patent coverage for LUPKYNIS until 2037.
The analyst reiterated their Outperform – Speculative Risk rating on the stock with a price target of $11.

Here’s Why Fiverr Shares Jump 18 percent

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Fiverr International (NYSE:FVRR) shares jumped more than 18% on Wednesday after the company reported its Q4 earnings results, with EPS coming in at $0.29, beating the Street estimate of $0.18. Revenue was $83.1 million, slightly below the Street estimate of $83.44 million.
The print was somewhat mixed but a strong 2023 EBITDA guide-up appeared well-received by investors. 2023 estimates look somewhat de-risked, marketing expense discipline continues to improve and turns out maybe ChatGPT isn’t a headwind after all.
For Q1/23, the company expects revenue in the range of $86.5-88.5 million, compared to the Street estimate of $87.39 million. For the full year, the company expects revenue in the range of $350-365 million, compared to the Street estimate of $365.92 million.

PGA News: Chris Kirk opens 2-shot lead at Honda Classic

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Chris Kirk birdied his final two holes to shoot 4-under-par 66 on Saturday to open up a two-stroke lead after 54 holes at the Honda Classic in Palm Beach Gardens, Fla.

Kirk sits at 13-under 197 in search of his fifth win on tour and first since 2015.

Kirk overtook second-round leader Justin Suh, who shot 70 and dropped to third at 10 under. PGA Tour rookie Eric Cole sits alone in second at 11 under after his second consecutive 66 at PGA National Resort & Spa.

England’s Ben Taylor (third-round 69) and Ireland’s Shane Lowry (65) are within striking distance in a tie for fourth at 9 under, four shots off the lead.

Kirk posted two birdies on the front and four birdies and two bogeys coming in. He was playing with Suh, who had two bogeys and a chip-in eagle for his round.

“I’m just kind of worried about what I’m doing,” Kirk said. “Justin is a really nice guy, really great guy to play with, but I’m really not paying a whole lot of attention to what he’s doing.

“It was a little bit of a monotonous start I guess for both of us, but you want to go out there and try to make a bunch of birdies and get into the lead, but at the same time, you make a bunch of pars on this golf course, that’s good. … This place is tough.”

Cole took advantage of Suh’s struggles, recording five birdies — four on the back nine — against just one bogey.

“I’m hitting the ball well, which is always good. It’s important around here,” Cole said. “There’s so many tough shots. But I felt good today, which was really nice. I felt relatively comfortable out there and hit some good shots when I needed to.”

Suh’s lone bright spot came at the par-4 12th hole, where he holed out from 153 yards on his second shot.

“I hit an 8-iron. Just cut off an 8-iron. It was in off the left and it came out great,” Suh said. “I was asking for it to sit. My caddie wanted it to go, and it was right in the middle, so it was perfect.”

Ryan Brehm posted a 64, good for low round of the day. He vaulted 45 spots up the leaderboard to put himself at 5 under, tied for 15th.

–Field Level Media

WTA News: Barbora Krejcikova upsets No. 1 Iga Swiatek to win Dubai title

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Barbora Krejcikova of the Czech Republic recorded six aces on Saturday while posting a 6-4, 6-2 upset of World No. 1 Iga Swiatek to win the title match of the Dubai Duty Free Tennis Championships in the United Arab Emirates.

Krejcikova converted five of six break points and won 23 of 33 first-serve points while thoroughly handling the top-seeded Swiatek of Poland. The singles title is the sixth of Krejcikova’s career.

Krejcikova defeated four Top 10 players during her stellar week. She also beat World No. 8 Daria Kasatkina of Russia, No. 3 Jessica Pegula and No. 2 Aryna Sabalenka of Belarus prior to dispatching Swiatek in 91 minutes.

“I think I showed my best tennis this week,” Krejcikova said in her press conference. “I’m really happy with the way how I played, how I was able to play my tennis but also hold the nerves, just enjoy everything that was happening during this week on the court.”

–Field Level Media

Key Points From Maxar Technologies’ Q4 Earnings Report

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Maxar Technologies Inc. (NYSE:MAXR) reported its Q4 earnings results, with revenue of $326 million, representing a 30% year-over-year decline. Adjusted EBITDA was $27 million, with an 8.3% margin.
Total 2022 revenues were $1.6 billion, down $165 million from 2021, of which $92 million was due to the Jupiter 3 contract adjustments. Total 2022 EBITDA margins in the Earth Intelligence segment were 41.3%, and just (5.1%) in the Space Infrastructure segment. The company exited 2022 with a total backlog of $3.2 billion (with an additional $2.1 billion in unfunded contract options).
With the “go shop” period now ended, analysts at RBC Capital believe the company is on track to be acquired by Advent International by mid-year 2023. The analysts currently do not anticipate regulatory pushback of the acquisition by Advent, and reiterated their Sector Perform rating and $53 price target price on the acquisition assumption.

No. 8 Utah upsets No. 3 Stanford, claims share of Pac-12 crown


Gianna Kneepkens scored a season-best 28 points and No. 8 Utah recorded an 84-78 upset of No. 3 Stanford on Saturday at Salt Lake City to claim a share of the Pac-12 regular-season title for the first time.

The accomplishment comes just two seasons after Utes won only five games.

“Sometimes, people told me I was crazy to think that was possible, but I knew it was and it’s incredibly satisfying to have it happen,” eighth-year Utah coach Lynne Roberts said afterward. “That’s my job, and I’m stubborn, and I wouldn’t believe it couldn’t happen. I knew we could do it, I knew it could happen.

“Salt Lake City’s an incredible place. They love their Utes, and that’s one of the reasons I took this job. I knew it was a challenge, but if you tell me I can’t do something, I’m going to show you that we can.”

The Utes (25-3, 15-3 Pac-12) are in good position to earn a No. 1 seed in the NCAA Tournament. Utah made the tourney last season for the first time since 2011. The Utes finished 21-12.

Hannah Jump scored 24 points for Stanford (27-4, 15-3), which shared the crown with Utah and will be the top seed for the upcoming Pac-12 tournament.

The Cardinal are expected to be a No. 1 seed in the NCAA Tournament.

Utah moved into the Pac-12 for the 2011-12 season.

–Field Level Media

No. 22 San Diego St. sinks New Mexico on buzzer-beater


Lamont Butler sank a 3-pointer at the buzzer to lift No. 22 San Diego State to a 73-71 win against host New Mexico on Saturday night in a Mountain West Conference game in Albuquerque, N.M.

Jaelen House had forced a turnover and scored in transition with six seconds left to give New Mexico a 71-70 lead.

Darrion Trammell scored 18, Matt Bradley had 11 points and seven assists, and Butler finished with 10 for the Aztecs (23-5, 14-2 MWC), who have a two-game lead over second-place Boise State with two games remaining.

Jamal Mashburn Jr. scored 20 points, House had 15, and Morris Udeze finished with 14 points and nine rebounds for New Mexico (20-9, 7-9).

The Lobos led by 13 points early in the second half, but Keshad Johnson made it a one-point game with a 3-pointer with 7:00 left, and the Aztecs moved ahead 59-58 on a layup by Aguek Arop with 5:50 to go.

The score remained within one possession the rest of the way.

San Diego State trailed 37-27 at the half after the Lobos held them to 34.3 percent from the floor.

The Aztecs surged to an 8-2 lead after four minutes and stayed ahead until Javonte Johnson sank a 3-pointer to give New Mexico a 15-13 lead with 10:50 left in the first half.

Both teams traded leads for the next 10 minutes until the Lobos went on a 9-0 run to take a 30-24 lead on a 3-pointer by Jenkins with 2:41 left in the half.

Trammell ended the run with a jumper with 2:24 remaining, but the Aztecs would miss their final five field goals of the half, allowing New Mexico to extend its lead to double figures.

The Lobos extended their lead to 42-29 on a jumper by Mashburn with 17:06 left in the game.

San Diego State strung together a 7-0 run to cut the deficit to 44-38 with 14:59 to go.

Butler sank the seventh straight field goal for the Aztecs, a 3-pointer with 13:11 remaining, to cut the deficit to 52-45.

Trammell sank a baseline 3-pointer to cut the lead to 56-54 with 7:37 remaining.

–Field Level Media

In first game under interim coach, Ole Miss defeats LSU


Jaemyn Brakefield had 23 points and 10 rebounds and hot-shooting Ole Miss won its first game under acting head coach Win Case, defeating LSU 82-69 on Saturday night in Oxford, Miss.

Case, who was elevated from assistant coach when Kermit Davis was fired Friday, guided the Rebels (11-18, 3-13, SEC) to just their third victory in the last 18 games.

Amaree Abram added 14 points, Myles Burns scored 12 and Matthew Murrell had 11. Ole Miss shot 55.2 percent from the floor and 42.9 percent on 3-pointers while compiling its highest point total in an SEC game this season.

KJ Williams scored 29 points and Adam Miller added 15 to lead the Tigers (13-16, 2-14), who lost their first game after ending a 14-game losing streak.

LSU scored the first five points of the second half to get within four, but Ole Miss responded with two layups and three dunks to open a 45-36 lead.

Williams scored six straight Tigers points to get them within five, but Abram made two 3-pointers and Murrell made one as the Rebels opened a 62-50 lead with 8:33 left.

LSU trimmed the lead to seven points three times, the third time on a three-point play by Tyrell Ward with 3:25 left. But Ole Miss regained control by scoring the next four points.

Williams scored the Tigers’ first four points, and they jumped to an 8-2 lead before Brakefield scored the next six points to tie the score.

A basket by Williams started a 7-0 run by LSU, but Ole Miss followed that with a 7-0 run of its own to produce a 15-all tie.

Derek Fountain’s layup broke the tie in the Tigers’ favor, before the Rebels scored the next four points to take their first lead, 19-17.

Williams made two free throws to pull LSU within 22-21, but Abram made two 3-pointers during a 10-0 run by Ole Miss.

A buzzer-beating 3-pointer by Williams trimmed the Rebels’ lead to 35-26 at halftime.

–Field Level Media

Duke uses balanced attack to cruise past Virginia Tech


Jeremy Roach recorded a 19-point, 10-assist double-double to lead Duke to an 81-65 victory over Virginia Tech on Saturday night in Atlantic Coast Conference action.

Roach connected on 8 of 13 shots from the field for the Blue Devils (21-8, 12-6 ACC), who won their fourth straight game. Mark Mitchell finished with 17 points and eight rebounds, Dereck Lively II finished with 13 points and Kyle Filipowski notched 12 as all five Duke starters scored in double figures.

The Blue Devils shot a scorching 56.6 percent (30 of 53) from the field and hit 14 of 17 shots at the free-throw line. They also connected on 7 of 18 (38.9 percent) 3-point attempts.

Grant Basile led the Hokies (16-13, 6-12) with 15 points on 5-for-10 shooting. Sean Pedulla contributed 12 points, while Justyn Mutts and Rodney Rice each chipped in 11.

Virginia Tech converted just 23 of 57 (40.4 percent) shots from the floor, including 8 of 19 (42.1 percent) from beyond the arc. The Hokies also struggled on the glass, getting outrebounded 37-26.

MJ Collins’ layup with 18:22 left to play pulled Virginia Tech within eight points, but it was all downhill from there for the Hokies. Duke responded with a 16-0 run, highlighted by a pair of 3-pointers from Roach, and later extended its lead to 25 with 5:11 remaining after Filipowski hit a pair of free throws.

It was a fast start for the Blue Devils, who went up 19-5 within the first seven minutes of the game. Rice hit a trey with 10:39 left in the first half to cut the Hokies’ deficit to six, but that was as close as they would get, and Duke took an 11-point edge into the break.

Mitchell led all first-half scorers with 11 points, while Mutts paced Virginia Tech with eight. The Blue Devils shot 56.3 percent from the field in the first 20 minutes of action, while the Hokies shot 37.9 percent.

–Field Level Media

USC extends winning streak with 62-49 win at Utah


Boogie Ellis scored 16 points as Southern California continued to help its NCAA Tournament at-large prospects, stretching its winning streak to four games with a 62-49 victory Saturday over host Utah at Salt Lake City.

Drew Peterson added 14 points, seven rebounds and eight assists as the Trojans (21-8, 13-5 Pac-12) earned a road sweep of the Rocky Mountain schools after a victory at Colorado on Thursday.

USC went 4-0 against Utah and Colorado this season.

Marco Anthony scored 11 points for the Utes (17-13, 10-9), who lost their fourth consecutive game to all but end their at-large hopes. Utah leading scorer Branden Carlson (16.3 points per game) was held to 10 points on 4-of-17 shooting from the field, with 10 rebounds.

Utah was playing without starting guards Rollie Worster and Gabe Madsen, with second-leading scorer Madsen (11.7 points per game) missing his seventh consecutive game. The Utes were playing their final home game of the season.

USC twice led by double digits in the first half, going up 19-9 midway through the first half and taking a 28-18 lead 5:27 before halftime. The Trojans led 34-28 at the break as Carlson scored just four points on 2-of-10 shooting in the opening 20 minutes.

Utah pulled within 43-41 with 11:59 remaining in the game before USC grinded its way to the victory. After Utah’s Keba Keita made a layup with 6:57 remaining to pull Utah within 52-46, the Utes scored just three points the rest of the way and didn’t score in the final 5:51.

Kobe Johnson scored 12 points for USC, which finished off the victory despite getting outrebounded 42-36.

Neither team shot 40 percent from the field in the first half, with the Trojans finishing at 42.0 percent for the game. The Utes finished at 31.7 percent.

Utah has just one more regular-season game remaining, at Colorado next weekend. USC can further pad its tournament resume with home games next week against No. 7 Arizona and Arizona State.

–Field Level Media