Streetbeat News

Revenues

PFE

Pfizer projects FY24 revenues of $58.5B-$61.5B, factoring in contributions from its Seagen acquisition and reclassification of royalty income. This forecast falls short of the consensus estimate of $63.17B. Expected revenues include $8B from Comirnaty and Paxlovid, and $3.1B from Seagen.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:49 am

LUV

Southwest Airlines anticipates a capacity increase of 10%-12% in Q1 2024 and a full-year capacity increase of 6%-8% for 2024, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:38 am

LUV

Southwest Airlines has reported that travel demand and yields for Q4 2023 remain healthy. The company now anticipates Q4 unit revenues to be at the higher end of its previously provided guidance range, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:36 am

STNG

Scorpio Tankers Inc. (NYSE:STNG) has provided an update on its fourth quarter of 2023 Daily Time Charter Equivalent (TCE) revenues and recent debt and lease activities. The company reported average daily TCE revenues for LR2, MR, and Handymax vessel classes, with LR2 earning $38,000 per day for 92% of the days and $30,750 for 100% of the days out of the pool. MR vessels earned $32,500 per day for 87% of the days and $21,800 for 100% of the days out of the pool. Handymax vessels earned $30,000 per day for 84% of the days, with no data available for time charters out of the pool.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:35 am

CNTG

Centogene announced that it has reached its initial recruitment and genetic testing milestone in the observational EFRONT study. The company will proceed with patient enrollment through its network of 30,000 physicians as part of the Cento-FTD Program, aiming to provide timely diagnosis and insights into neurodegenerative disorders.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:32 am

PLAB

Photronics, Inc. reported its fourth quarter fiscal 2023 results with a revenue of $227.5 million, an 8% increase YoY and a 1% increase sequentially. GAAP net income for shareholders was $44.6 million ($0.72 per diluted share), up from $37.1 million ($0.60 per diluted share) in Q4 2022. Non-GAAP net income was $37.2 million ($0.60 per diluted share), compared to $31.2 million ($0.51 per diluted share) in Q4 2022. IC revenue rose 5% YoY to $164.5 million, and FPD revenue hit a record $63.0 million, a 17% increase YoY. Operating activities generated $106.6 million in cash, with $52.5 million invested in capital expenditures. The cash balance at quarter's end was $499.3 million, with $12.9 million in short-term investments and $24.6 million in debt.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:26 am

ABNB

Airbnb Ireland has reached a settlement with the Italian Revenue Agency, agreeing to pay 576 million euros. This settlement covers withholding tax obligations on host income, including taxes, interest, and penalties for the audited periods.

Portfolio Pulse from Charles Gross

December 13, 2023 | 11:09 am

QSG

QuantaSing Group reported a 14.6% YoY increase in Q1 gross billings for individual online learning services, totaling $104.5M. The number of paying learners grew by 18.2% YoY to 0.3M, while total registered users surged by 51.9% to 103.3M.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 10:07 am

QSG

QuantaSing Group (NASDAQ:QSG) reported Q1 earnings of $0.07 per share with sales reaching $119.13M, marking a 31.8% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 10:02 am

FXI

China's new loans for November amounted to 1,090.0 billion, falling short of the estimated 1,300.0 billion and higher than the previous 738.4 billion.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 10:02 am