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COST

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Costco Wholesale Corporation (NASDAQ:COST) exceeded revenue and earnings estimates in its fiscal 2024 first quarter, with a 6% YoY increase in revenue to $57.8 billion and adjusted EPS of $3.58. Despite a slight miss in same-store sales growth, e-commerce sales grew 6.3%. CFO Richard Galanti highlighted strong performance in non-food categories and high foot traffic. Costco's membership base and private-label brand contributed to its resilience amid inflation. Other retailers like Amazon.com (NASDAQ:AMZN), Foot Locker Inc (NYSE:FL), Walmart Inc (NYSE:WMT), and Target Corporation (NYSE:TGT) also reported a strong start to the holiday season, with record online sales reported by Adobe Analytics.

Portfolio Pulse from Upwallstreet

December 18, 2023 | 3:01 pm

SNYB

Shiny Health & Wellness Corp. has signed an asset purchase agreement to acquire 10 Stash & Co. adult-use cannabis retail stores in Ontario, which are expected to add approximately CA$10 million ($7.5 million) to its top line. The stores will retain the Stash & Co. brand and trademark. The transaction includes a total consideration of CA$1 million, with CA$800,000 in cash and CA$200,000 in common shares. Shiny Health's shares rose 6.6667% to $0.08 after the announcement.

Portfolio Pulse from Jelena Martinovic

December 18, 2023 | 2:24 pm

UL

Unilever PLC (NYSE:UL) has received a binding offer from Yellow Wood Partners LLC to purchase its Elida Beauty business, which includes over 20 brands and generated approximately €0.8 billion in 2022 revenue. The sale is part of Unilever's strategy to optimize its Personal Care portfolio and focus on growing its Power Brands. The transaction is expected to close by mid-2024, pending regulatory approval and other customary conditions. Unilever's stock (UL) saw a slight increase of 0.34% in premarket trading.

Portfolio Pulse from Lekha Gupta

December 18, 2023 | 2:18 pm

ADN

Advent Technologies has signed a €1.8 million frame contract with Volta Energy to supply methanol-powered fuel cell units. Deliveries are scheduled to start in January 2024 and continue throughout the year to meet the customer's timeline.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:17 pm

CRWD

CrowdStrike (NASDAQ:CRWD) and Optiv have surpassed $1 billion in sales of the CrowdStrike Falcon platform through their partnership. This milestone highlights the success of their collaboration in modernizing cybersecurity across various industries. CrowdStrike's Falcon platform, combined with Optiv's partner program, has driven growth and reduced risk for customers. CrowdStrike also achieved over $1 billion in AWS Marketplace sales and was recognized as a growth leader in a Canalys report, with a 39.1% growth rate in channel sales.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:12 pm

FTTUSD

FTX Trading is proposing a plan to return money to creditors as part of its bankruptcy case. The proposal involves liquidating most of the firm's cryptocurrencies and valuing the assets in cash based on their value at the time of the bankruptcy filing on November 11, 2022. Creditors will vote on the proposal before it goes to U.S. Bankruptcy Judge John Dorsey for final approval. Major creditor and customer groups have tentatively approved the plan, but it does not clarify if FTX will resume operations or how much creditors will receive. FTX has been allowed to sell assets, including its subsidiary LedgerX for $50 million.

Portfolio Pulse from Khyathi Dalal

December 18, 2023 | 2:08 pm

ESOA

Energy Services of America reported an increase in FY23 earnings per share (EPS) to $0.44 from $0.24 in the previous year. Revenue also rose to $304.104 million from $197.590 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:03 pm

SGBX

SGD

Safe & Green Holdings Corp. (SGBX) has signed a Master Purchase Agreement with its real estate development subsidiary, Safe and Green Development Corporation (SGD), post-spinout. The agreement, valued over $140M, tasks SG Echo, a subsidiary of SGBX, with manufacturing modular units for SG DevCo's real estate projects. The projects are expected to generate over $800M in gross revenue. The deal is anticipated to maximize factory utilization and improve operating margins for SGBX due to economies of scale.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:34 pm

VCIG

VCI Global Limited (NASDAQ:VCIG) has acquired a 51% stake in a special purpose vehicle (SPV) for CAD$12.1M, which includes assets from Nextech3D.AI Corporation's AI 3D modeling platform. This platform has seen a significant demand with over 50,000 3D models delivered, contributing to a 97% revenue growth for Nextech3D.AI in the first nine months of 2023. The global 3D modeling market is projected to grow at a CAGR of up to 20% until 2030, indicating a substantial market opportunity for VCI Global.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:32 pm

FRSX

Foresight Autonomous Holdings Ltd. (FRSX) has entered into an exclusive agreement with Elbit Systems, which is anticipated to generate $4 million in revenue over a five-year period. This strategic partnership is expected to enhance Foresight's market position and financial performance by providing a steady income stream.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:16 pm