Streetbeat News

Revenues

MSFT

TSM

OpenAI, backed by Microsoft Corp (NASDAQ:MSFT), has seen its annual revenues exceed $2 billion, attributed to the success of ChatGPT. With Microsoft's $10 billion investment, OpenAI aims to double its revenue by 2025. CEO Sam Altman plans to raise $5-$7 trillion for a global semiconductor project, engaging with investors including the UAE government and discussing ventures with Taiwan Semiconductor Manufacturing Co (NYSE:TSM). MSFT shares rose 0.55% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 09, 2024 | 1:59 pm

CVCY

CWBC

Central Valley Community Bancorp (CVCY) and Community West Bancshares (CWBC) announced shareholder approval for their merger, expected to complete by April 1, 2024. The combined entity will be named Community West Bancshares, with approximately $3.6 billion in assets and 27 banking centers in Central California. The merger has received all required regulatory approvals, with operational system conversion expected by Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:51 pm

INBS

Intelligent Bio Solutions reported a Q2 EPS of $(2.07), with sales reaching $764.06K, an increase from $356.68K year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:34 pm

PYPL

In the last three months, 18 analysts have published diverse ratings on PayPal Holdings (NASDAQ:PYPL), with recent assessments showing a shift towards a more cautious outlook. The average 12-month price target for PYPL has been adjusted to $68.00, down from $77.17, reflecting a decrease of 11.88%. Analyst actions include adjustments to ratings and price targets, with several analysts lowering their price targets. PayPal's financials show solid revenue growth, exceptional net margin, and strong ROE and ROA, indicating a robust financial health despite a cautious market sentiment.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:00 pm

BILL

Four analysts have recently updated their ratings on BILL Holdings (NYSE:BILL), showing a mix of bullish and somewhat bullish sentiments, with an average 12-month price target of $91.25. The company's financial performance indicates strong revenue growth but challenges in profitability and asset utilization. BILL Holdings specializes in cloud-based payments and spend management products, with a market capitalization below industry averages and a notable revenue growth rate of 32.65% as of September 30, 2023.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:00 pm

EFX

Equifax (NYSE:EFX) has been the subject of 13 financial analyst ratings over the last three months, showing a trend towards bullish sentiment. The average 12-month price target is now $267.00, up 36.45% from the previous average of $195.67, indicating a positive outlook on the stock. Analyst actions include maintaining, raising, and announcing ratings, with price targets ranging from $195.00 to $315.00. Equifax's financial performance shows strong revenue growth and net margin, but challenges in ROE and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:00 pm

ROAD

Construction Partners, Inc. (ROAD) has reaffirmed its fiscal year 2024 outlook, expecting revenues between $1.75 billion and $1.825 billion, net income between $63 million and $70 million, and Adjusted EBITDA between $197 million and $219 million, with an EBITDA margin of 11.3% to 12.0%.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:33 pm

NWL

Newell Brands forecasts a revenue decline of 8% to 5% for FY24, with adjusted EPS ranging from $0.52 to $0.62, compared to the estimated $0.77.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:07 pm

CGC

Canopy Growth reported a decrease in its Q3 consolidated net revenue, posting C$78.5M compared to C$84.8M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:04 pm

NWL

Newell Brands forecasts a decline in Q1 revenue between 10% to 8% and anticipates adjusted EPS to range from $(0.09) to $(0.05), compared to the estimated $0.02.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:04 pm