Streetbeat News

Partnerships

VUZI

Vuzix has completed the delivery of a customized waveguide-based optics engine to a Tier-1 Aerospace and Defense firm. The engine is designed for use in head worn systems for aerospace applications, offering high brightness, high index waveguide design with a wide field-of-view.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:42 pm

AMZN

SHOP

Shopify Inc (NYSE:SHOP) reported strong Q3 results, with revenue growing 25% YoY to $1.71 billion and net income of $718 million. The company also raised its Q4 guidance. Shopify's shares surged more than 21% following the report. The company has also announced a partnership with Amazon.com Inc (NASDAQ:AMZN) that allows Shopify merchants to use Amazon's Prime delivery service. Shopify also launched Shop AI, an AI-driven marketplace that challenges Amazon's platform.

Portfolio Pulse from Upwallstreet

November 03, 2023 | 6:18 pm

TDS

USM

Telephone And Data Systems, Inc. (TDS) reported Q3 FY23 revenues of $1.278 billion, a decrease of 8% Y/Y, and a loss of $(0.16), missing the consensus of ($0.11) loss. TDS and UScellular (USM) are exploring strategic alternatives for USM, with TDS owning approximately 83% of USM. USM revenues declined 11% to $963 million. TDS exited the quarter with cash and equivalents worth $293 million and long-term debt of $3.840 billion. TDS shares are trading higher by 2.26% to $19.47.

Portfolio Pulse from Nabaparna Bhattacharya

November 03, 2023 | 5:23 pm

AMZN

NFLX

PARA

Netflix Inc is reportedly exploring the possibility of entering the live sports streaming market with a potential boxing match. Discussions are underway about live-streaming a match involving Jake Paul. There are also talks about featuring bouts from Premier Boxing Champions, a series currently aired on Paramount's Showtime. Paramount Global's decision to shutter Showtime Sports has created an opportunity for platforms like Netflix and Amazon.com to consider hosting Premier Boxing Champions matches.

Portfolio Pulse from Vandana Singh

November 03, 2023 | 4:52 pm

FLR

Fluor Corp (NYSE:FLR) reported a Q3 2023 revenue growth of 9.7% YoY to $3.96 billion, beating the consensus of $3.89 billion. The company's Urban Solutions segment saw a significant increase of 32% YoY. Net earnings improved to $206 million from $22 million a year ago. The company also announced that its Mining & Metals business has been selected by BHP Canada to develop Stage 2 of its Jansen potash project. Fluor raised its FY23 outlook and reaffirmed its FY26 guidance.

Portfolio Pulse from Akanksha Bakshi

November 03, 2023 | 4:22 pm

LINC

Lincoln Educational Services Corporation (NASDAQ:LINC) has announced the signing of lease agreements for a new campus in Houston, TX and a new location for its Nashville, TN campus. The Houston campus will be the second Lincoln Tech school in Texas and will feature a 100,000 square foot training center. The Nashville campus will have over 120,000 square feet and will expand the skilled trades training offered. These announcements come as Lincoln nears the completion of its new campus in Atlanta, GA and the relocation of its Philadelphia, PA campus.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 4:15 pm

XRPUSD

Ripple (XRP) saw a 10% surge in its weekly price, followed by significant transfers of XRP tokens to centralized exchanges Bitstamp and Bitso. An unidentified wallet transferred 50 million XRP tokens to these exchanges. Ripple also unlocked 1 billion XRP from its escrow accounts. Meanwhile, Ripple announced partnerships with the National Bank of Georgia for a digital currency project and received approval from the Dubai Financial Services Authority for the use of XRP within the Dubai International Financial Centre.

Portfolio Pulse from Khyathi Dalal

November 03, 2023 | 4:09 pm

PLUG

Plug Power Inc. (NASDAQ:PLUG) shares are trading higher, with a 12% increase over the last five days. The company's shares are moving on above-average volume, with over 15.8 million shares traded in the session. The company recently joined the Department of Energy's Appalachian Regional Clean Hydrogen Hub (ARCH2) as a project partner, vendor, and service provider. Plug Power is set to report its Q3 financial results on Nov. 9, with an expected loss of 31 cents per share and quarterly revenue of $242.24 million.

Portfolio Pulse from Erica Kollmann

November 03, 2023 | 4:07 pm

BCRX

CLSD

BioCryst Pharmaceuticals (BCRX) and Clearside Biomedical (CLSD) have entered into a partnership to develop avoralstat for Diabetic Macular Edema (DME) using Clearside's FDA-approved SCS Microinjector. Under the agreement, Clearside will receive a $5 million upfront license fee from BioCryst, with potential for an additional $30 million in clinical and regulatory milestone payments, and up to $47.5 million in post-approval sales-based milestone payments as annual global net sales progress to $2 billion.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 4:02 pm

CZR

Caesars Entertainment, Inc. (NASDAQ:CZR) has launched its flagship sports wagering platform, Caesars Sportsbook, in Maine. The platform is now accepting sports wagers on mobile and desktop. The launch was made possible through a partnership with three of the Wabanaki Nations: the Houlton Band of Maliseet Indians, the Mi'kmaq Nation, and the Penobscot Nation. The revenues from sports wagering will be used by tribal governments and the State to support various sectors including law enforcement, health care, housing, and education throughout Maine.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:21 pm