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Equity Actions

FOXA

Fox Corp (NASDAQ:FOXA) reported Q4 FY23 revenue of $3.03 billion, beating the consensus of $3.02 billion. Affiliate revenues increased 3% Y/Y to $1.77 billion, led by 9% growth in the Television segment. Advertising revenues decreased 4% Y/Y to $1.01 billion. Adjusted EPS of $0.88 beat the consensus of $0.71. Fox raised the quarterly dividend to $0.26 per share, up from $0.25 and authorized a $7 billion stock repurchase program.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 1:16 pm

USO

Saudi Arabia has reaffirmed its commitment to OPEC+ precautionary measures and will continue to boost efforts to support the stability of oil markets, according to the Saudi Cabinet.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:14 pm

MULN

Mullen Automotive (NASDAQ:MULN) has announced a 1 for 9 reverse split and plans to repurchase up to $25 million in shares through a stock buyback program after the filing of its 10-Q and upon expiration of its blackout period. The company believes it is undervalued and sees the buyback as a good use of capital.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:05 pm

GEL

Genesis Energy, L.P. (NYSE:GEL) has announced a common equity repurchase program authorizing the repurchase of up to 10% of its outstanding Class A common units. The company plans to fund the repurchases with a portion of its cash flow and liquidity. The repurchase program is in addition to the company's opportunistic repurchases of its outstanding Class A Convertible Preferred units and open market bond purchases. The program will be reviewed no later than December 31, 2024, and may be suspended or discontinued at any time prior thereto.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:04 pm

NXT

Nextracker Inc. (NXT) and Asteelflash/USI have opened a new electronics manufacturing line for Nextracker in Fremont, California. The facility will produce Nextracker's patented self-powered controller (SPC) and high voltage power supply, key components of the company's solar tracking technology. The joint investment represents a boost to local economic growth and job creation. Clearway Energy has committed to procuring Nextracker's U.S.-made trackers as part of its domestic content strategy. Nextracker has been expanding its manufacturing footprint across the U.S., opening over 10 new production facilities in the past year.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:04 pm

ONCY

Oncolytics Biotech Inc. (NASDAQ:ONCY) has successfully raised $15M in an underwritten public offering. The funds will be used to advance its clinical programs in metastatic breast and pancreatic cancers. The offering included 6,667,000 units at a price of $2.25 per unit, each consisting of one common share and one purchase warrant. The company also granted the underwriter an over-allotment option to purchase additional units, shares, or warrants up to 15% of the aggregate number of units sold.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:01 pm

NPO

EnPro Industries has revised its FY23 guidance, expecting flat revenue growth YoY, compared to the previous forecast of flat to low-single digit growth. Adjusted EBITDA is expected to be between $248 million and $256 million. Adjusted EPS guidance has been increased to $6.70-$7.10, primarily due to lower net interest expense and higher interest income.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:59 pm

SRTS

Sensus Healthcare, Inc. (NASDAQ:SRTS) has announced a new share repurchase program, under which the company may repurchase up to $3.0 million of its common stock. The timing and amount of any share repurchases will be determined by Sensus Healthcare's management based on the capital needs of the business, the market price of Sensus' common stock and general market conditions.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:51 pm

TBLT

ToughBuilt Industries, Inc. (NASDAQ:TBLT) has announced its expansion into the European Union through partnerships with French retailer La Platforme Du Batiment and Prolians. This move will provide access to ToughBuilt products to a potential 600,000+ customers across both retail groups in France and Spain. The expansion includes representation in more than 290 storefronts across the two countries.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:49 pm

CLIR

ClearSign Technologies Corporation (NASDAQ:CLIR) has promoted Brent Hinds to Chief Financial Officer. Hinds, who joined ClearSign in October 2021, has overseen the relocation of the company's head office, a successful equity raise, and improvements to internal systems and accounting controls. Prior to ClearSign, Hinds worked for Enovation Controls, Inc., a subsidiary of Helios Technologies, and Baker Hughes Company.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:48 pm