Streetbeat News

Assets

HYFM

Hydrofarm Holdings Group has reiterated its FY24 outlook, expecting net sales to decrease in the low to teens percentage terms. The company anticipates positive adjusted EBITDA and free cash flow, with capital expenditures projected between $3.5 million and $4.5 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:12 am

OCGN

Ocugen reported $16 million in cash, cash equivalents, and restricted cash as of June 30, 2024. The company also closed a public offering with net proceeds of $32.6 million, extending its cash runway into Q3 2025.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:54 am

NUVL

Nuvalent has reported having $658 million in cash, cash equivalents, and marketable securities, which is expected to support its operating runway into 2027.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:40 am

AMZN

CMCSA

DIS

WBD

Warner Bros. Discovery (NASDAQ:WBD) is facing a $9 billion write-down due to overvaluation of its TV assets from the 2022 merger with Discovery. This has led to a more than 10% drop in its stock price. The company missed its quarterly sales estimates and reported significant losses. CEO David Zaslav has hinted at potential consolidation or selling smaller parts of the company.

Portfolio Pulse from Navdeep Yadav

August 08, 2024 | 10:00 am

EWJ

A magnitude 7.1 earthquake has struck southwestern Japan, prompting a tsunami advisory for several prefectures. This event could impact various sectors, including those represented by the iShares MSCI Japan ETF (EWJ).

Portfolio Pulse from charles@benzinga.com

August 08, 2024 | 9:22 am

ACDC

ProFrac expects its FY24 capital expenditures to be closer to the lower end of its previously provided guidance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:05 am

NTR

Nutrien has announced its capital expenditures for FY24, which are expected to be between $2.2 billion and $2.3 billion.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:03 pm

TTI

TETRA Technologies, Inc. (NYSE: TTI) has completed a Definitive Feasibility Study (DFS) for its Arkansas Bromine Project, upgrading previously announced bromine resources to reserves. The study indicates a Net Present Value (NPV) of $710 million for a vertically integrated production case, compared to $337 million for third-party bromine purchases. The project is expected to increase TETRA's revenue by $200-$250 million and Adjusted EBITDA by $90-$115 million. The project will be funded through existing credit facilities and cash flow, with a projected payback period of 5.7 years.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:43 pm

EXR

Extra Space Storage has announced the pricing of a $400 million public offering of 5.350% senior notes due in 2035, with the transaction expected to close on August 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:43 pm

IEX

IDEX Corporation has announced the pricing of a $500 million public offering of 4.950% senior notes due in 2029. The offering is expected to close on August 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:41 pm