Streetbeat News

Equity Actions

GLAD

Gladstone Capital Corporation has filed with the SEC for a mixed shelf offering, allowing it to issue various types of securities up to a total of $700 million.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:41 pm

GTES

Gates Industrial Corporation (GTES) has announced a secondary offering of 15 million of its ordinary shares. This move could potentially dilute existing shareholders' equity and may affect the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:36 pm

ECL

Ecolab has announced an 8% increase in its cash dividend, raising it to $0.57 per share.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:33 pm

OC

Owens Corning has announced a 15% increase in its quarterly dividend, raising it to $0.60 per share. This decision reflects the company's confidence in its financial strength and commitment to returning value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:31 pm

AMZN

GME

GameStop Corporation (GME) reported a revenue decline of 9% YoY to $1.078 billion in Q3, missing estimates, but improved net loss to $3.1 million from $94.7 million YoY. Adjusted EPS broke even, beating FactSet's estimated 8 cent loss, due to aggressive cost cuts. Sales in Europe increased, but dropped in the U.S., Canada, and Australia. GameStop announced changes to its corporate investment plans, allowing equity purchases and appointing CEO Ryan Cohen to direct investments. Despite competition from Amazon (AMZN) and others, GameStop is attempting to adapt and compete without providing guidance.

Portfolio Pulse from Upwallstreet

December 07, 2023 | 9:27 pm

LULU

Lululemon Athletica Inc (NASDAQ:LULU) reported Q3 earnings with a 19% year-over-year revenue increase to $2.2 billion, surpassing estimates of $2.19 billion. Adjusted EPS was $2.53, beating estimates of $2.28. North America and international revenues grew by 12% and 49%, respectively. Comparable sales rose 13%, with a 9% increase in store sales and 18% in direct-to-consumer sales. The company opened 14 new stores, announced a $1 billion buyback, and provided Q4 and full-year 2023 revenue and earnings guidance slightly below estimates. LULU shares dropped 3.91% after hours to $446.01.

Portfolio Pulse from Adam Eckert

December 07, 2023 | 9:23 pm

GNSS

Genasys expects FY24 software revenues to more than double compared to the previous year, while hardware revenues are projected to be close to FY22 levels. The company also anticipates an improvement in adjusted EBITDA for FY24 compared to FY23.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:22 pm

AVGO

Broadcom Inc. has announced a 14% increase in its quarterly dividend, raising it to $5.25 per share for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:19 pm

FLNC

Fluence Energy Inc (NASDAQ:FLNC) shares are trading lower following the announcement of a secondary offering of 18 million shares by existing controlling stockholders. The company will not sell any shares nor receive proceeds from the offering. J.P. Morgan Securities LLC, Barclays Capital Inc., and Morgan Stanley are managing the offering.

Portfolio Pulse from Henry Khederian

December 07, 2023 | 9:14 pm

LULU

The Board of Directors of lululemon athletica has authorized a $1 billion stock repurchase program on November 29.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:11 pm