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Equity Actions

GTN

Gray Television has increased its full-year 2023 political advertising revenue guidance by 33%, expecting at least $80 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:11 am

LL

LL Flooring has announced that it is not providing financial guidance due to uncertainty in the macroeconomic environment. The company expects revenues to be challenged but is focusing on growth priorities to drive sales. It plans to close 8 underperforming stores in 2023 and early 2024, incurring expenses between $2 million and $3 million. The company has achieved $7.3 million in savings this year and plans to spend approximately $20 million in 2023 to support strategic investments.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:03 am

COTY

Coty Inc reported Q1 FY24 sales growth of 18% YoY to $1.64 billion, beating the analyst consensus estimate of $1.58 billion. The sales increase was driven by double-digit LFL growth in Prestige and Consumer Beauty. Adjusted EPS was $0.09, missing the analyst consensus estimate of $0.17. The company also announced its offers to purchase for cash up to $150 million of its 6.500% Senior Notes due 2026 and up to $250 million of 5.000% Senior Notes due 2026. Coty and its counterparties have decided to end the partial sale of its Wella stake.

Portfolio Pulse from Shivani Kumaresan

November 08, 2023 | 10:25 am

AHI

Advanced Health Intelligence Ltd (NASDAQ:AHI) received a deficiency notification from Nasdaq for not complying with the minimum net shareholders' equity requirement of $2.5M. This does not currently affect the company's securities' listing or trading on Nasdaq.

Portfolio Pulse from Charles Gross

November 08, 2023 | 10:12 am

BYDDF

WLTMF

China's electric vehicle (EV) sector is experiencing significant growth despite the country's broader economic challenges, according to Standard Chartered CEO, Bill Winters. In 2022, China accounted for 59% of global EV sales, with local brands such as BYD and Wuling dominating the domestic market. This comes amid a struggling Chinese property market, with firms like Evergrande and Country Garden facing significant debt challenges.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 9:56 am

HTOO

Fusion Fuel (NASDAQ:HTOO) has secured a sales contract with a Portuguese energy company for a 1.25 MW HEVO-Chain Series NC electrolyzer. The system will use Fusion Fuel's HEVO™ technology to deliver green hydrogen solutions. The project, funded by the European Commission, aims to produce, store, and distribute green hydrogen for the transport sector in northern Portugal and is expected to be operational by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:01 am

DDOG

DIS

K

LYFT

RL

UBER

Despite the overall fear level in the market, U.S. stocks closed higher on Tuesday, with the S&P 500 and Dow Jones recording their longest winning streaks in years. Technology stocks gained amid a decline in yields. Datadog shares jumped over 28% after reporting better-than-expected Q3 results and strong guidance, while Uber's Q3 revenue and GAAP EPS missed consensus. The U.S. trade deficit increased to $61.5 billion in September. Investors are awaiting earnings results from Ralph Lauren, Kellanova, The Walt Disney Company, and Lyft.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 8:13 am

IDA

IDACORP has priced its public offering of 2,801,724 common shares at $92.80 per share.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:58 am

CLDX

Celldex Therapeutics has priced its public offering of 7.425 million common shares at $27 per share.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:51 am

DCFC

Tritium DCFC has announced a restructuring plan to improve operational efficiency and drive profitability. The plan involves consolidating its global manufacturing operations into its plant in Lebanon, Tennessee, and reducing selling general & administrative (SG&A) expenses by decreasing specific headcount and professional fees.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:49 am