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Revenues

AMZN

DIS

NFLX

Netflix, Inc's (NASDAQ:NFLX) India operations saw a 24% revenue increase in FY23, reaching roughly $266.67 million, with net profit jumping 75% to about $4.21 million. Despite reduced subscription rates and increased user engagement, Netflix faces tough competition in India, holding a 4% market share against Disney+Hotstar's 33% and Amazon Prime Video's 12%. Netflix has partnered with Jio Platforms to integrate its service with Jio's prepaid plans, adapting to the Indian market's preference for pay-as-you-go models.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 1:34 pm

BTBT

NVDA

SMCI

Bit Digital has expanded a customer contract for its AI division, now worth over $50M in annual revenue for 2,048 GPUs. To meet this demand, the company ordered 64 servers from Super Micro Computer, Inc., containing Nvidia HGX H100 GPUs, to be delivered by January 2024 and deployed in Iceland. Additionally, Bit Digital has entered a sale-leaseback agreement for 96 AI servers to finance this growth.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm

USAU

U.S. Gold Corp. (NASDAQ:USAU) released a CEO update highlighting recent and upcoming milestones for 2024, focusing on the advancement of its CK Gold Project and exploration assets. The company anticipates permit approval and a finalized feasibility study for the CK Gold Project in H1 2024, with the project becoming shovel ready in H2 2024. The update emphasizes robust economics from copper and gold sales, potential environmental benefits, and contributions to Wyoming's economy. Additionally, U.S. Gold Corp. sees value in its exploration assets in Nevada and Idaho and expects to improve its valuation from a currently low share price, with $4.0 million in treasury.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:24 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) stock continues its rally, closing at record highs for a second consecutive session and rising 1.13% in premarket trading to $537.38. Analysts maintain a 'buy' rating on the stock, with a consensus price target of $662.39, indicating a potential 25% upside. Factors contributing to Nvidia's performance include its best-in-class products, strong management, and low headline risk. The company's growth is also supported by its AI technology and expected year-over-year revenue growth of 230% for the December quarter. Despite concerns over the U.S.-China chip ban, Nvidia is expanding its data center presence in India and remains a key player in the AI revolution.

Portfolio Pulse from Shanthi Rexaline

January 10, 2024 | 1:19 pm

BECN

Beacon Roofing Supply (BECN) anticipates low single-digit top line growth in 2024, driven by its Ambition 2025 initiatives, price carryover, and additional selling days, despite potential weather-related demand normalization and a slowdown in certain construction starts. Stable gross margins are expected, with Adjusted EBITDA also projected to grow by low single digits compared to 2023. The company plans to continue its Ambition 2025 strategy, including acquisitions, digital expansion, and productivity improvements, with capital expenditures similar to 2023 levels. Final guidance will be refined after assessing Q4 earnings and macroeconomic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:18 pm

BECN

Beacon Roofing Supply (BECN) reported preliminary Q4 EPS of $1.42-$1.48, below the $1.64 estimate, but revenue exceeded expectations at $2.3B versus the $2.22B estimate. For FY23, the company expects EPS between $(0.48)-$(0.42) and revenue of $9.1B, slightly above the $9.04B estimate. These results are at the high end of the company's guidance, attributed to higher revenue and strong execution. Final results will be announced around February 27, 2024. The preliminary figures are subject to change upon completion of financial closing procedures.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:16 pm

MTD

Mettler-Toledo International, in its presentation slides, indicated that it expects to recover most of the sales it lost in Q1 by Q1 of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:15 pm

MDRX

Veradigm, a healthcare information technology solutions provider, has projected its revenue for the fiscal year 2023 to be between $608 million and $622 million.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:14 pm

STAF

Staffing 360 Solutions projects its revenues to exceed $250M for the fiscal year 2023, despite uncertain industry conditions that are subject to change.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:09 pm

MASI

Masimo Corporation has announced preliminary revenue figures for FY23, expecting to report between $2.04B-$2.05B, which aligns with the consensus estimate of $2.04B. The revenue is split between healthcare, projected at $1.272B-$1.277B, and non-healthcare, estimated at $769M-$774M.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:09 pm