Streetbeat News

Revenues

CCI

Crown Castle has updated its full-year 2024 outlook, with key changes including a $30 million decrease in site rental revenues, a $95 million decrease in net income due to restructuring charges, a $5 million increase in Adjusted EBITDA, and a $25 million increase in AFFO. The AFFO per share is now expected to be between $6.91 and $7.02.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:44 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) has signed a $500,000 deal with Grotech Farms LLC for turnkey hydrocarbon extraction and lab equipment. This deal will enable Grotech Farms to produce a variety of cannabis concentrates in New Jersey.

Portfolio Pulse from Jelena Martinovic

June 11, 2024 | 1:40 pm

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) has signed a preliminary memorandum with the Department of Commerce to receive up to $23.9 million in funding under the CHIPS and Science Act. This investment will create over 100 manufacturing jobs and enable Rocket Lab to expand its semiconductor production by 50% over the next three years. The company also plans to claim a 25% Investment Tax Credit for qualified capital expenditures.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 1:37 pm

MSTR

MicroStrategy (NASDAQ:MSTR) shares are trading lower due to a drop in Bitcoin prices. The company holds a significant amount of Bitcoin, and its executive chairman recently settled a tax fraud lawsuit. Despite the current dip, analysts predict an 11.9% upside by 2025.

Portfolio Pulse from Erica Kollmann

June 11, 2024 | 1:37 pm

CURLF

Curaleaf International (OTC:CURLF) is expanding its cannabis operations in the UK, Germany, and Poland, aiming to outprice the illegal cannabis market. The company reported a Q1 revenue of $339 million, a 2% increase year-over-year, despite a net loss of $48.3 million. Curaleaf sees significant growth potential in the UK and Germany due to changing regulations and increasing acceptance of medical cannabis. The company is leveraging its cultivation facilities in Portugal and Canada to ensure a consistent supply and is focusing on patient awareness and competitive pricing.

Portfolio Pulse from Nicolás Jose Rodriguez

June 11, 2024 | 1:36 pm

COST

Costco's 2Q 2024 earnings call provided insights into the company's performance and market dynamics. Key topics included membership fee strategy, U.S. and international expansion, competitive pricing, technology use, gross margin adherence, e-commerce strategy, discretionary sales, leadership strategy, vertical sourcing, partnerships with Instacart and Uber, warehouse cannibalization, SG&A rate, gas gallons growth, unit growth, non-foods innovation, and Costco Logistics growth.

Portfolio Pulse from Tornado

June 11, 2024 | 1:33 pm

VRNT

Verint Systems (NASDAQ: VRNT) has secured a $13 million multi-year contract with a Fortune 25 brand to deploy knowledge management solutions, including two AI-powered bots, across 60,000 contact center agents. This initiative aims to enhance customer and agent experiences while reducing operating costs.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:32 pm

CTVA

Corteva continues to see an imbalance in the crop protection market but expects $150 million in tailwinds in its crop protection business in the second half of the year. The company also anticipates low single-digit EBITDA growth in the same period.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:26 pm

GNFT

The FDA has granted accelerated approval for Ipsen and Genfit's new liver disease treatment, Iqirvo, to treat primary biliary cholangitis (PBC). The drug, developed by Genfit and commercialized by Ipsen, is now available for prescription in the U.S. and is expected to generate substantial milestone payments for Genfit.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 1:18 pm

CLSK

MARA

RIOT

Bitcoin mining stocks Marathon Digital, Riot Platforms, and CleanSpark are trading lower due to a pullback in Bitcoin prices. Bitcoin has been volatile ahead of Federal Reserve chair Jerome Powell's comments and the latest consumer price index data. Additionally, Bitcoin ETFs saw net outflows for the first time in nearly three weeks.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 1:15 pm