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Revenues

AAL

American Airlines (NASDAQ:AAL) has increased its baggage fees for the first time in over five years and altered its policy on travel agency bookings, affecting frequent flyer miles earnings. The fee for the first checked bag on domestic flights is now $35 online and $40 at the airport, up from $30. The second bag fee is raised to $45. The changes aim to boost revenue amid declining airfare and rising fuel costs. Other airlines like Alaska Airlines and JetBlue Airways have also increased their bag fees.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 10:58 am

LANV

Lanvin Group announced its preliminary full-year 2023 results, projecting revenues of €426M, a 1% increase year-over-year. The company also anticipates an 8% revenue growth in the Asia-Pacific (APAC) region.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:21 am

DAN

Dana Incorporated (NYSE:DAN) is selling its European hydraulics business to HPI Group, a venture of Apogee Group and EiM Capital. The deal, expected to close in the first half of 2024, includes operations in Italy, France, and Germany. This segment generated about $90 million in sales in 2023.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:01 am

GD

General Dynamics European Land Systems - Steyr has secured a $1.3 billion contract to manufacture 225 PANDUR EVO wheeled armored vehicles for Austria. This significant contract highlights General Dynamics' strength in the defense sector and its ability to secure large-scale international contracts.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 7:29 am

GATO

Gatos Silver anticipates its plant throughput to average between 3,000 and 3,300 tonnes processed per day in 2024, indicating a potential increase in production capacity.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 6:50 am

WIX

Wix.com forecasts for 2024 include total bookings of $1.78B-$1.81B and revenue of $1.73B-$1.76B, surpassing the consensus of $1.75B. Q1 revenue is expected to be $415M-$419M, aligning with the $416.55M consensus. The company anticipates a 12-14% year-over-year growth in bookings, with a stronger acceleration in the second half, particularly in Creative Subscription bookings. Revenue growth is expected to be 11-13% year-over-year. Wix.com also projects significant operating leverage, gross profit growth due to margin improvements, and expects to achieve GAAP profitability with a second consecutive year of GAAP net income. Free cash flow is forecasted at $370M-$400M, with capital expenditures of $7M-$10M, excluding new headquarters costs.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 6:28 am

EWA

The Australia Wage Price Index for Q4 showed a 0.9% increase, matching the estimated 0.9% and showing a decrease from the previous 1.3%.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:39 am

BBJP

DXJ

EWJ

Japan's trade balance for January reported a deficit of -1,758.3 billion yen, better than the estimated -1,925.9 billion yen but a significant drop from the previous 68.9 billion yen surplus.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:39 am

BBJP

DXJ

EWJ

Japan's exports in January increased by 11.9% year-over-year, surpassing the estimated 9.5% and the previous month's revised figure of 9.7%.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:38 am

WBD

Warner Bros. Discovery Inc (NASDAQ:WBD), owner of HBO, is delaying the free streaming of 'Last Week Tonight With John Oliver' on YouTube to drive viewership and revenue growth on its streaming platform, Max. This decision contrasts with the previous approach of uploading the show immediately after airing and aims to increase revenue by encouraging viewers to watch on Max, where HBO can monetize the content. The move is part of broader cost-cutting and revenue-increasing strategies following the acquisition of WarnerMedia by Discovery. Additionally, the article mentions a lawsuit filed by FuboTV against Warner Bros. Discovery and others over a joint venture sport-streaming platform.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 5:07 am