Streetbeat News

Earnings

SOFI

SoFi Technologies Inc's shares are trading slightly lower. The company's subsidiary, Galileo Financial Technologies, announced its Buy Now, Pay Later offering can now be offered by lenders as an option for small business clients. This is part of its partnership with Mastercard. Jim Cramer on CNBC's 'Mad Money' recommended buying and holding SoFi shares. SoFi is set to report its third-quarter financial results this week.

Portfolio Pulse from Adam Eckert

October 05, 2023 | 1:06 pm

CAG

Conagra Brands expects a low-single digit decline in organic net sales for Q2, due to volume declines and inflation-driven pricing actions. Gross and operating margins are also expected to be lower than Q1 due to increased trade and A&P investment. However, the company anticipates low-single digit organic net sales growth in the second half of the year, driven by volume growth.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:59 pm

CMBM

Cambium Networks has revised its Q3 revenue outlook downwards to $40-$45 million from the previous estimate of $62-$70 million. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:58 pm

STZ

Constellation Brands Inc (NYSE:STZ) reported Q2 FY24 net sales growth of 7% YoY to $2.84 billion, beating the analyst consensus estimate of $2.82 billion. The Beer segment's net sales increased 12% YoY, while Wine and Spirits declined 14% YoY. The company raised its FY24 Comparable EPS outlook from $11.70 - $12 to $12 - $12.20. However, STZ shares are trading lower by 0.75% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

October 05, 2023 | 12:57 pm

RGP

Resource Connection (RGP) shares are trading lower following the company's mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:55 pm

MXCT

MaxCyte announced a year-over-year decrease of 25 to 27 percent in preliminary Q3 total revenue, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:54 pm

LGVN

RIVN

VSME

VS Media is expanding into Macau, showing strong growth in digital marketing. Longeveron announced positive results for Lomecel-B™ in its Phase 2a clinical trial for Alzheimer's treatment. Rivian Automotive shares dropped after announcing a $1.5 billion proposed green convertible senior notes offering and preliminary Q3 revenue estimates.

Portfolio Pulse from ryanfaloona@benzinga.com

October 05, 2023 | 12:46 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) CEO Greg Siokas has issued a letter to shareholders outlining the company's strategic plans and financial outlook. The company has introduced its 2026 guidance, expecting to achieve over $180M in gross annual revenue and EBITDA in excess of $20M. The company has completed three acquisitions in 2023 and is making progress in R&D. The company is also considering spinning off its R&D division into a standalone, publicly listed biotech company. The CEO has invested more than $15M since inception, including almost $1M YTD.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:43 pm

DELL

Dell Technologies has updated its long-term value creation framework, which now includes an increase to its adjusted EPS target of 8% annual growth or better over the long term.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:40 pm

RWAY

Runway Growth Finance Corp. (NASDAQ:RWAY) provided an operational and portfolio update for Q3 2023. The company funded six investments, including a $20.0 million investment to Elevate Services, Inc., a $11.1 million follow-on investment to Kin Insurance, and a $5.0 million follow-on investment to an online learning platform. Runway Growth also experienced five prepayments totaling $125.3 million. The company's portfolio included 29 debt investments to 28 portfolio companies and 62 equity investments in 45 portfolio companies.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:40 pm