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Revenues

GRFS

Grifols announces intent to take legal action against Gotham City Research for causing significant financial and reputational damage to the company and its stakeholders, as well as concern to its patients and donors.

Portfolio Pulse from Charles Gross

January 10, 2024 | 10:11 am

SNAP

Snap Inc. CEO Evan Spiegel criticized rival social media platforms in a leaked memo, declaring 'Social Media is Dead. Long Live Snapchat!' He outlined a strategic plan for 2024 to address stagnant growth, focusing on user expansion in developed markets, an iOS-centric approach, improved ad targeting, and AR product development. The memo comes after several quarters of flat revenue growth and recent layoffs, signaling a pivotal moment for Snap's future direction.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 7:28 am

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares rose after the company announced its subsidiary submitted a concept paper for a $50 million DOE grant to support battery manufacturing in the U.S. The funds would be used for plant equipment and tooling at Mullen's new facility in Fullerton, California. The company also reported delivering 241 electric vehicles in December, invoicing $12.55 million, and plans to scale production in 2024.

Portfolio Pulse from Erica Kollmann

January 09, 2024 | 10:23 pm

AEHR

Aehr Test Systems has reduced its full-year revenue guidance due to expected delays in receiving new orders from both existing and potential customers, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 10:14 pm

AHT

Ashford Hospitality Trust anticipates reporting an occupancy rate of 66% for Q4, with an Average Daily Rate (ADR) of $182, leading to a Revenue Per Available Room (RevPAR) of $120.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 10:07 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) reported Q2 earnings of $0.23 per share, surpassing estimates of $0.19, and sales of $21.40 million, beating estimates of $20.89 million. Despite strong growth, AEHR expects delays in new orders to affect full-year revenue, revising its forecast to $75-$85 million. The stock dropped 18.5% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 09, 2024 | 10:03 pm

CAMP

CalAmp anticipates a slight decrease in Q4 revenues compared to the previous quarter, while expecting its adjusted EBITDA to remain stable.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:40 pm

ETWO

E2open Parent Holdings (NYSE:ETWO) reported Q3 adjusted earnings of $0.04 per share, meeting analyst estimates but marking a 33.33% decrease from $0.06 per share last year. Sales were $156.40M, surpassing the $154.46M estimate but showing a 5.15% decrease from $164.90M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:34 pm

ATRO

Astronics Corporation has provided preliminary revenue expectations for the year 2024, projecting revenues to be between $760 million and $795 million. This forecast exceeds the estimated revenue of $755.4 million.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:32 pm

BKD

Brookdale Senior Living Inc. (NYSE:BKD) reported an increase in its weighted average occupancy for Q4 2023 by 80 basis points to 78.4% compared to Q3 2023. The company has seen twenty-six consecutive months of year-over-year occupancy growth, with December's occupancy up 130 basis points from the previous year and nearly 900 basis points since March 2021.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:31 pm