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GHBWF

Glass House Brands Inc. (OTC:GHBWF) reported strong Q1 2024 financial results, exceeding guidance in cash, sales, production, and EBITDA. The company saw a 9% year-over-year revenue increase to $30.1 million and a 28% increase in biomass production. Despite a decrease in Adjusted EBITDA and gross margin, the company improved its cash position and cost efficiency. Q2 2024 projections are optimistic with expected revenue between $52 million and $54 million.

Portfolio Pulse from Nicolás Jose Rodriguez

May 14, 2024 | 11:27 pm

CURLF

Wedbush Securities upgraded Curaleaf Holdings, Inc. (OTC:CURLF) to Outperform, raising its 12-month price target to $7.00. Curaleaf, the largest U.S. cannabis company by market cap, reported Q1 2024 revenue of $338.9 million and projects $1.5 billion in revenue for 2025. The company is expanding domestically and internationally, with new product lines expected to contribute to long-term growth. Updated guidance anticipates consistent quarterly revenue growth, with a 2025 EBITDA forecast of $404 million.

Portfolio Pulse from Nicolás Jose Rodriguez

May 14, 2024 | 9:32 pm

EA

Electronic Arts Inc's (NASDAQ:EA) Madden NFL 25 is set to release on Aug. 16, with early access starting Aug. 12 for Deluxe Edition purchasers or EA Play subscribers. The game, developed by EA Orlando, will feature two editions and enhancements to its FieldSense technology. A docuseries on the Madden franchise's history by Prime Video was also announced.

Portfolio Pulse from Franca Quarneti

May 14, 2024 | 9:27 pm

HTCR

Heartcore CEO Sumitaka Kanno Yamamoto outlines the company's focus for the remainder of the year on expanding its enterprise software business through cost reduction strategies and seeking synergistic opportunities with its subsidiaries and divisions. The company aims to sustain its growth trajectory into 2024 and expects to announce the completion of several IPOs this year, as part of its strategy towards achieving overall profitability.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:26 pm

LLY

Eli Lilly has settled a lawsuit with Totality Medispa LLC, which was accused of infringing Lilly's trademarks by selling knock-off versions of its diabetes and weight loss drugs, Mounjaro and Zepbound. The settlement includes an undisclosed payment to Lilly and an agreement for Totality Medispa to cease using Lilly's brand names. This marks Lilly's first legal victory in its efforts to combat the sale of alternative versions of its drugs, a battle it shares with competitor Novo Nordisk.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:14 pm

ARQT

Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) reported Q1 earnings of 32 cents per share, surpassing the expected losses of 73 cents. Sales reached $49.57 million, exceeding estimates by 237.66% and marking a 1,680% increase from the previous year. The company highlighted strong sales from its ZORYVE franchise, with significant growth in both its cream and foam products for skin conditions. CEO Frank Watanabe emphasized the successful launch and physician adoption of ZORYVE, anticipating a transformative year ahead with a PDUFA date set for July 7th for ZORYVE cream as a potential atopic dermatitis treatment. Following the announcement, ARQT shares surged 15.01% in after-hours trading.

Portfolio Pulse from Erica Kollmann

May 14, 2024 | 9:11 pm

SONY

Sony Group Corp.'s 'Helldivers 2' has become PlayStation's fastest-selling game, with over 12 million copies sold in its first 12 weeks, surpassing 'God of War Ragnarok.' The game's success on both PS5 and PC, particularly noted for its cross-play capabilities, has significantly contributed to Sony's sales and profits. Its popularity, despite server issues due to high demand, suggests a potential shift in Sony's strategy towards more multiplayer games and budget pricing.

Portfolio Pulse from Franca Quarneti

May 14, 2024 | 9:00 pm

CMCSA

ROKU

Roku Inc (NASDAQ:ROKU) has announced a multi-year partnership with Major League Baseball to carry Sunday Leadoff live games for free on The Roku Channel, starting May 19. This deal marks an expansion of Roku's live sports offerings, following agreements with the NBA and Formula E. The partnership could enhance Roku's advertising revenue and reduce its reliance on other partners. Roku's shares rose 3.49% following the announcement.

Portfolio Pulse from Chris Katje

May 14, 2024 | 8:59 pm

NU

Nu Holdings Ltd. (NYSE:NU) reported Q1 revenue of $2.7 billion, surpassing analyst expectations and marking a 66.77% increase from the previous year. The company added 5.5 million customers, reaching 99.3 million globally. Nu Holdings' Nubank surpassed 100 million customers in May. The company's diverse financial products have seen significant customer growth. CEO David Vélez highlighted a 23% return-on-equity and growth in net income to $379 million. NU shares saw a 1.49% increase at market close but dropped 1.99% after-hours.

Portfolio Pulse from Erica Kollmann

May 14, 2024 | 8:43 pm

TFFP

TFF Pharmaceuticals anticipates receiving feedback from the FDA in the second quarter regarding its clinical development plan and next steps for TFF TAC.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:43 pm