Streetbeat News

Revenues

SPY

U.S. housing starts in October increased to 1.372 million, surpassing the estimate of 1.345 million and the previous month's figure of 1.358 million.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:30 pm

SPY

The number of building permits issued in October was 1.487 million, exceeding the estimate of 1.45 million. This indicates a potential increase in future construction activity, which could have positive implications for the housing market and related industries.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:30 pm

RHE

Regional Health Properties (AMEX:RHE) reported a narrower Q3 loss of $(0.52) per share compared to $(1.48) YoY, but sales declined to $4.14M from $11.03M YoY, indicating a mixed financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:28 pm

STX

UBER

VRTX

WSM

Insiders at Williams-Sonoma, Uber Technologies, Vertex Pharmaceuticals, and Seagate Technology have recently sold shares of their companies. Williams-Sonoma's CEO sold shares after reporting better-than-expected earnings, while Uber's CEO sold shares following a revenue miss. Vertex Pharmaceuticals' EVP and CMO sold shares after a gene therapy received conditional marketing authorization in the UK. Seagate Technology's EVP & Chief Commercial Officer sold shares after reporting a significant revenue decline.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 1:26 pm

LUXH

LuxUrban Hotels Inc. (LUXH) has secured a non-dilutive financing agreement for up to $10 million from its Chairman and Co-CEO, Brian Ferdinand. The financing is structured as a 36-month unsecured advancing term promissory note with a 1% annual interest rate, prepayable at the company's discretion. The funds, raised through the sale of Ferdinand's shares, will be used for growth capital to lease hotels in the U.S. and internationally. The company's growth strategy is supported by proceeds from a recent preferred stock offering and partnership with Wyndham Hotels & Resorts. The financing is not required to meet the company's 2023 and 2024 guidance for net rental revenue, EBITDA, and hotel rooms under long-term Master Lease Agreements.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:09 pm

FMC

FMC Corporation has set new three-year rolling financial goals targeting 2026 revenues of $5.5B-$6.0B and adjusted EBITDA of $1.3B-$1.5B.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:37 pm

TWST

Twist Bioscience forecasts FY24 revenue to be between $285M-$290M, which is below the consensus estimate of $298.79M. The company also anticipates a gross margin of approximately 39%-40% for the same period.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:36 pm

FMC

FMC Corporation has released its preliminary outlook for 2024, projecting revenues between $4.65 billion and $4.85 billion, adjusted EBITDA of $1.025 billion to $1.125 billion, and a free cash flow conversion rate of over 100 percent.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:35 pm

YTRA

Yatra Online reported a 10.2% year-over-year increase in Total Gross Bookings, reaching $210.9 million. This includes revenue from Air Ticketing, Hotels and Packages, and Other Services.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:34 pm

YTRA

Yatra Online (NASDAQ: YTRA) reported a significant decrease in sales for Q2, with $11.40 million in sales compared to $18.63 million in the same quarter last year, marking a 38.78% decline.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:32 pm