Streetbeat News

Revenues

RENT

Rent The Runway reported Q4 2023 revenue of $74M, slightly above the estimated $73.51M.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:10 pm

PLAY

Dave & Buster's (PLAY) repurchased 2.8 million shares for $100M in Q3, totaling 8.5 million shares for $300M in fiscal 2023, which is 17.5% of shares outstanding at the end of fiscal 2022. The company still has $100M left in its share repurchase authorization. Additionally, PLAY executed a sale leaseback of four properties, generating $85.8M. CEO Chris Morris highlighted progress in growth initiatives and confidence in achieving a $1 billion AEBITDA target in the coming years.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:07 pm

NBIX

Neurocrine Biosciences announced at its Analyst Day that it received FDA Breakthrough Therapy Designation for Crinecerfont in Congenital Adrenal Hyperplasia. The company also shared updates on its R&D portfolio, including plans to advance two gene therapies into the clinic by 2025 and expects to have at least 20 development candidates by 2027.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:04 pm

HQY

HealthEquity projects FY24 adjusted EPS to be between $2.08 and $2.16, surpassing the estimated $2.02. The company also forecasts revenue to range from $985M to $995M, which brackets the estimated $989M.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:03 pm

ACRS

Aclaris Therapeutics has entered into an exclusive patent license agreement with Sun Pharma for the rights to Deuruxolitinib. The deal includes an upfront payment of $15M, along with additional milestone payments and royalties.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:02 pm

HOV

Hovnanian Enterprises' stock is trading higher following the announcement of improved year-over-year Q4 financial results and the issuance of Q1 guidance.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:46 pm

ETSY

Austin Ziegler, a 27-year-old engineer, turned his Etsy Inc (NASDAQ:ETSY) 3D printing side hustle into a booming business by focusing on building strong customer reviews. Initially struggling to sell battery cases, he shifted to selling inexpensive keychains and magnets to garner reviews. This strategy paid off, leading to sales of his other products and two of his items making Etsy's bestsellers list, with one generating $10,000 in a week.

Portfolio Pulse from Adam Eckert

December 05, 2023 | 7:37 pm

SBUX

Starbucks CEO commented at the Morgan Stanley Conference that the recovery in China will be choppy and is normalizing at a slower pace than expected. He also mentioned that demand growth in the next year is anticipated to be more concentrated towards the latter half.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:25 pm

HOOD

Robinhood's stock (HOOD) is trading higher following the release of favorable monthly customer metrics for November 2023. Additionally, a strong performance in the cryptocurrency sector is believed to be positively influencing the company's share price.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:21 pm

GVA

Granite Construction Inc (NYSE:GVA) has acquired Lehman-Roberts Company and Memphis Stone & Gravel Company, enhancing its presence in the Memphis metropolitan area. The acquisition includes strategic assets like asphalt plants and sand and gravel mines, along with significant material reserves. Following the acquisition, GVA raised its FY24 sales outlook from $3.6-$3.9 billion to $3.8-$4.0 billion, while maintaining its adjusted EBITDA margin outlook. The purchase was financed through a new term loan and existing funds. GVA's stock saw a slight decline of 0.72% to $47.10.

Portfolio Pulse from Lekha Gupta

December 05, 2023 | 6:09 pm