Streetbeat News

Revenues

GRVY

Gravity Co., Ltd. (GRVY) announced preliminary unaudited results for the fourth quarter, expecting a 17.1% decrease in revenue year-over-year. The company also revealed plans to launch Ragnarok Origin in China during the first half of 2024.

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February 14, 2024 | 11:31 am

SITE

SiteOne Landscape Supply projects its FY24 Adjusted EBITDA to be between $420M-$455M. The company anticipates sales volume growth to counteract price deflation, leading to a low single-digit organic daily sales growth for the full year 2024.

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February 14, 2024 | 11:08 am

GNRC

Generac Holdings forecasts a 3%-7% sales growth for 2024, driven by residential product sales, despite a projected 10% decline in C&I product sales. The company anticipates a net income margin of 6.5-7.5% and an adjusted EBITDA margin of 16.5-17.5%, with strong cash flow generation.

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February 14, 2024 | 11:05 am

LPX

Louisiana-Pacific projects an increase in Siding Net sales by 3%-5% for Q1 and 8%-10% for 2024. The company also forecasts Consolidated Adjusted EBITDA to be between $130 million to $145 million for Q1 and $495 million to $525 million for 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:04 am

VGK

The Eurozone's Gross Domestic Product (GDP) for the quarter showed no growth, coming in at 0.0%, which was in line with estimates. This represents a slight improvement from the previous quarter's -0.1% contraction.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:02 am

VGK

The Eurozone's Gross Domestic Product (GDP) for the fourth quarter showed a year-over-year increase of 0.1%, aligning with estimates and showing a slight improvement from the prior quarter's 0.0% growth.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:01 am

BABA

JD

PDD

Alibaba Group Holding Ltd (NYSE:BABA) is losing ground as merchants in Shaji, China, shift to rival platforms like JD.com Inc. (NASDAQ:JD), Pinduoduo Inc. (NASDAQ:PDD), and ByteDance Ltd.'s Douyin due to a decline in Alibaba's sales guarantee. This shift is attributed to changing consumer behaviors and the rise of cross-platform shopping. Despite Alibaba's restructuring efforts and the growth of its international arm, the company faces challenges in its core e-commerce business as rivals gain momentum.

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February 14, 2024 | 7:04 am

EWU

The U.K. Consumer Price Index (CPI) for January remained steady at 4.0%, aligning with the previous month's figure and slightly below the estimated 4.1%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:01 am

FCPT

FCPT has acquired a primary care property operated by Baptist Medical Group for $9.7 million. The property, part of the Baptist Memorial Health Care system, is located in Tennessee and is under a long-term, triple net lease with about 10 years remaining. The deal was completed at a 6.9% cap rate on rent, excluding transaction costs.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:33 am

INDA

India's Wholesale Price Index (WPI) inflation for January was reported at 0.27%, lower than the estimated 0.53% and the previous month's 0.73%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:30 am