Streetbeat News

Revenues

EWA

Australia's Building Approvals for October showed a significant increase of 7.5% month-over-month, surpassing the estimated 1.4%. This is a notable rebound from the previous month's revised figure of -4%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:53 am

AYRWF

HITI

New York's cannabis retail landscape is expanding with new dispensaries opening, including Dazed Cannabis in Union Square and Good Grades in Queens. The Shinnecock Indian Nation opened Little Beach Harvest, a tribally-owned dispensary in Southampton. In Ohio, AYR Wellness Inc. opened AYR Dispensary Dayton, capitalizing on the state's recent legalization of adult-use cannabis. High Tide Inc. continues its expansion in Canada, opening two more Canna Cabana stores and acquiring assets in Vancouver.

Portfolio Pulse from Jelena Martinovic

November 30, 2023 | 1:39 am

CNTMF

Cansortium Inc. (OTCQB:CNTMF), operating as FLUENT, reported a 14% increase in Q3 2023 revenue to $25.3M, with Florida sales up 17%. Adjusted EBITDA decreased due to higher salaries and lower average ticket per transaction, despite more customer transactions. The company opened a new store in Florida, with plans for another by year-end and a delivery center in Houston in early 2024. As of September 30, 2023, Cansortium had $12.1M in cash and $60.3M in debt. The stock price fell 20.41% to $0.078 per share.

Portfolio Pulse from Joana Scopel

November 29, 2023 | 10:10 pm

PSTG

Pure Storage Inc (NYSE:PSTG) reported Q3 earnings with mixed results, missing revenue estimates but beating EPS expectations. The company's revenue increased by 13% year-over-year, with subscription services revenue up 26%. Despite positive cash flow and a strong cash position, the stock dropped after hours due to weaker-than-expected Q4 and full-year 2024 revenue guidance. Management is set to discuss the results in a conference call.

Portfolio Pulse from Adam Eckert

November 29, 2023 | 10:09 pm

LZB

La-Z-Boy anticipates Q3 sales to range between $515M-$535M, aligning closely with the consensus estimate of $533.06M. The company predicts ongoing challenging consumer trends in its industry and is planning accordingly for the third quarter of fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:08 pm

LIZI

Lizhi Inc. reported a Q3 adjusted loss per ADS of $(1.38) with sales amounting to $58.30 million. The decline in net revenues year-over-year was attributed to a decrease in average paying users and user spending on audio entertainment products.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:04 pm

TRUFF

Red Light Holland Corp. (OTCQB:TRUFF), a Canada-based mushroom producer, reported a 33% increase in revenue and a cash balance of $12M for the quarter ended Sept. 30, 2023. Despite a net loss, the company's management remains confident in their business strategy, emphasizing growth, cautious spending, and revenue generation in the psychedelics sector. The company plans to continue its expansion, including the development of a new farm and distribution of psilocybin microdosing capsules in New Zealand and Australia.

Portfolio Pulse from Lara Goldstein

November 29, 2023 | 10:04 pm

NTNX

Nutanix stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has increased its revenue guidance for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:44 pm

DM

Desktop Health, a brand of Desktop Metal, Inc. (NYSE:DM), announced the first patients have been treated with CMFlex, a 3D printed synthetic bone graft product developed by Dimension Inx. CMFlex, which received FDA clearance in December 2022, has been used in jaw surgeries and dental socket preservation cases. Dimension Inx, which owns four Desktop Health 3D-Bioplotters, has been developing CMFlex since 2009. The product is currently available to select surgeons, with a broader release expected in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:31 pm

AEO

FL

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) rose in response to Foot Locker, Inc.'s (NYSE:FL) positive Q3 financial results, which surpassed analyst expectations. The earnings report from Foot Locker, which showed earnings of 30 cents per share and revenue of $1.99 billion, has positively influenced stocks in the clothing and footwear sector. Additionally, strong Black Friday and Cyber Monday sales, with a record $9.8 billion spent on Black Friday, are likely contributing to the gains in retail stocks like American Eagle.

Portfolio Pulse from Ryan Gustafson

November 29, 2023 | 9:26 pm