Impinj Slides 37% After Reporting Q1 Net Loss, Q2 Outlook

Impinj, Inc. (PI) shares are falling more than 37 percent on Thursday morning trade after the company reported net loss of $4.35 million or $0.17 per share for the first quarter. Looking ahead to the second quarter, the company expects net loss of $6.8-$5.3 million or loss of $0.25-$0.20 per share. The company now projects adjusted net profit in a range of $8.2-$9.7 million or $0.28-$0.33 per share.

Currently, shares of the provider of RAIN RFID solutions are at $84.49, down 37.56 percent from the previous close of $135.32 on a volume of 3,328,180.

Heartland Express Q1 Profit Down

Heartland Express Inc. (HTLD) reported that its first quarter net income declined to $12.61 million or $0.16 per share from $16.78 million or $0.21 per share in the first quarter of 2022. Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the first quarter. Analysts’ estimates typically exclude special items.

But operating revenues grew to $330.92 million from $151.28 million last year. Analysts expected revenue of $324.08 million for the quarter.

Operating revenues for the quarter included fuel surcharge revenues of $49.6 million, compared to $24.0 million in the same period of 2022.

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Camden Property Trust Q1 Income Retreats, but beats estimates

Camden Property Trust (CPT) released a profit for first quarter that decreased from the same period last year but beat the Street estimates.

The company’s earnings came in at $41.92 million, or $0.39 per share. This compares with $80.75 million, or $0.76 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 21.5% to $378.16 million from $311.36 million last year.

Camden Property Trust earnings at a glance (GAAP) :

-Earnings (Q1): $41.92 Mln. vs. $80.75 Mln. last year.
-EPS (Q1): $0.39 vs. $0.76 last year.
-Analyst Estimates: $0.32
-Revenue (Q1): $378.16 Mln vs. $311.36 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.38 – $0.42
Full year EPS guidance: $1.57 – $1.81

Columbia Sportswear Company Q1 Income Retreats, misses estimates

Columbia Sportswear Company (COLM) released a profit for first quarter that decreased from the same period last year and missed the Street estimates.

The company’s bottom line came in at $46.2 million, or $0.74 per share. This compares with $66.8 million, or $1.03 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $0.78 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 7.8% to $820.6 million from $761.5 million last year.

Columbia Sportswear Company earnings at a glance (GAAP) :

-Earnings (Q1): $46.2 Mln. vs. $66.8 Mln. last year.
-EPS (Q1): $0.74 vs. $1.03 last year.
-Analyst Estimates: $0.78
-Revenue (Q1): $820.6 Mln vs. $761.5 Mln last year.

-Guidance:
Full year EPS guidance: $5.15 – $5.40
Full year revenue guidance: $3.57 – $3.67 bln

Hartford Financial Services Group Inc. Q1 Profit Increases, but misses estimates

Hartford Financial Services Group Inc. (HIG) revealed a profit for its first quarter that increased from last year but missed the Street estimates.

The company’s earnings came in at $530 million, or $1.66 per share. This compares with $438 million, or $1.30 per share, in last year’s first quarter.

Excluding items, Hartford Financial Services Group Inc. reported adjusted earnings of $536 million or $1.68 per share for the period.

Analysts on average had expected the company to earn $1.72 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 9.6% to $5.91 billion from $5.39 billion last year.

Hartford Financial Services Group Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $530 Mln. vs. $438 Mln. last year.
-EPS (Q1): $1.66 vs. $1.30 last year.
-Analyst Estimate: $1.72
-Revenue (Q1): $5.91 Bln vs. $5.39 Bln last year.

Essex Property Trust, Inc. Bottom Line Advances In Q1, Beats estimates

Essex Property Trust, Inc. (ESS) revealed a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company’s earnings totaled $153.53 million, or $2.38 per share. This compares with $73.25 million, or $1.12 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

Essex Property Trust, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $153.53 Mln. vs. $73.25 Mln. last year.
-EPS (Q1): $2.38 vs. $1.12 last year.
-Analyst Estimate: $1.29

-Guidance:
Full year EPS guidance: $6.36 – $6.74

Vornado Recalls 317K Steamfast And Brookstone Steam Irons

Vornado has recalled over 317,000 Steamfast and Brookstone travel steam irons due to risk of fire, burn and shock.

According to the Consumer Product Safety Commission, the power cord on the recalled irons can become damaged near the cord bushing, which can lead to overheating of the cord, posing fire and burn hazards. In addition, cord damage near the bushing can result in exposed copper wires, posing a shock hazard.

The company said it has received 50 reports of incidents, including 38 reports of the iron’s power cord smoking, sparking, burning or other signs of overheating and 12 reports of cord damage. No injuries have been reported.

The company has asked customers to immediately stop using the recalled irons and visit the Steamfast or Vornado website to register for the recall and receive a refund of $19.99.

The recalled irons were sold at Walmart, Bed Bath & Beyond and other stores nationwide and online at Amazon.com, Vornado.com, Steamfast.com, and other online retailers from January 2009 through May 2018 and Brookstone between 2009 and 2013 for between $13 and $30.