Streetbeat News

Revenues

PSFE

Paysafe Limited has reiterated its full year 2023 revenue guidance, expecting to generate between $1.595 billion and $1.608 billion. This forecast aligns with the estimated $1.6 billion anticipated by analysts. The company also provided guidance for adjusted EBITDA, projecting it to be in the range of $454 million to $462 million.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:58 am

SBH

Sally Beauty anticipates its fiscal year 2024 revenue to remain unchanged compared to fiscal year 2023, indicating no expected growth in sales for the upcoming year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:53 am

ACI

RGF

STKH

XXII

The article highlights four consumer staples stocks that are considered oversold based on their Relative Strength Index (RSI) values, which are near or below 30. Steakholder Foods Ltd. (STKH) received a Nasdaq minimum bid price notification and closed up 1.4%. The Real Good Food Company, Inc. (RGF) reported strong Q3 sales growth and closed up 0.6%. Albertsons Companies, Inc. (ACI) reported a 2% sales growth in Q2 and closed slightly down. 22nd Century Group, Inc. (XXII) reported downbeat quarterly sales and closed down 7.8%.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 11:51 am

STLA

Stellantis NV (NYSE:STLA) plans to offer voluntary buyouts to 6,400 U.S. salaried employees, which is about half of its non-union salaried workforce, as part of a cost-cutting initiative during its transition to electric vehicles (EVs) and following a new UAW contract. Employees with at least five years of experience are eligible, and those accepting must leave by year-end. This follows previous buyout offers and a tentative labor agreement after U.S. strikes. Stellantis reported a 7% Y/Y net revenue growth for Q3 FY23 and confirmed a positive outlook.

Portfolio Pulse from Lekha Gupta

November 14, 2023 | 11:44 am

ARMK

Aramark has provided its fiscal 2024 outlook, expecting organic revenue growth of 7%-9% year-over-year, adjusted operating income growth of 15%-20%, and adjusted EPS growth of 25%-35%. The company anticipates a leverage ratio of approximately 3.5x, improving from the current 3.9x.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:39 am

AFMD

Affimed N.V. reported that its cash, cash equivalents, and financial assets total €97.5 million, which is expected to provide the company with a cash runway into 2025. This financial position suggests that Affimed has sufficient funds to support its operations and strategic initiatives for the next few years without the immediate need for additional financing.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:35 am

SE

Sea (NYSE:SE) reported Q3 sales of $3.31 billion, surpassing the analyst consensus estimate of $3.12 billion by 6.10% and marking a 4.88% increase from $3.16 billion in the same period last year. Earnings per share (EPS) improved to $(0.26) from $(1.01) year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:34 am

ARMK

Aramark (NYSE:ARMK) reported Q4 adjusted EPS of $0.64, meeting analyst estimates, and sales of $4.90B, surpassing the $4.79B forecast. This represents a 33.33% increase in earnings and an 11.66% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:32 am

CAMT

Camtek Ltd anticipates a record Q4 revenue of $87M-$89M, surpassing the estimated $82.74M, driven by organic growth and contributions from the FRT business.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:21 am

AONC

American Oncology Network (NASDAQ:AONC) reported a 13.11% increase in Q3 sales to $336.31M from $297.32M YoY. However, adjusted net income decreased to $3.59M from $5.76M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:16 am