Streetbeat News

Revenues

RMTI

Rockwell Medical has reaffirmed its revenue outlook for the fiscal year 2023, expecting revenues to be between $82 million and $86 million. This projection aligns with the analysts' estimate of $84.51 million.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:04 am

OCSL

Oaktree Specialty Lending (NASDAQ:OCSL) reported Q4 sales of $101.91M, missing the consensus estimate of $103.45M by 1.49%, but marking a 45.28% increase from $70.14M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:02 am

GIPR

Generation Income Properties (NASDAQ:GIPR) reported a Q3 core FFO loss of $(0.03) per share, a significant decrease from the $0.14 per share earned in the same quarter last year. However, the company's sales of $1.84 million exceeded the analyst consensus estimate of $1.41 million by 30.78% and marked a 25.10% increase from the previous year's sales of $1.47 million.

Portfolio Pulse from totan@benzinga.com

November 14, 2023 | 11:00 am

AMD

INTC

NVDA

SOXX

Roth MKM analyst Suji DeSilva initiated coverage of AMD with a Buy rating and a $125 price target, citing the company's differentiated portfolio and strong position in the AI infrastructure market. AMD's data center revenue is expected to grow significantly, with AI Instinct product sales projected to reach $400 million in Q4 and $2 billion in 2024. AMD's market share in x86-based server processors has risen to 25%, outperforming Intel's data center revenue growth. The company is also positioned to compete with Nvidia in AI, leveraging open-source tools as an alternative to Nvidia's CUDA. AMD's stock has risen 80.31% this year, outpacing the iShares Semiconductor ETF's 41.85% gain.

Portfolio Pulse from Shanthi Rexaline

November 14, 2023 | 10:57 am

TME

Tencent Music Entertainment Group (NYSE:TME) reported Q3 earnings with an EPS of $0.12, which was in line with estimates. However, revenue decreased by $135 million compared to the same period last year. Despite missing EPS estimates last quarter, TME's share price increased by 3.39% the following day.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 10:45 am

TSLA

Tesla, Inc.'s (NASDAQ:TSLA) sales in China continue to struggle, with insurance registrations for Tesla vehicles showing a decline. The week of November 6-12 saw 13,000 units, down from 14,000 units the previous week. Despite the launch of the Model 3 refresh, quarter-to-date insured registrations are 7% below Q3. Tesla has recently increased prices for several models in China, which could impact consumer demand amid global economic uncertainty. However, Gary Black views the price hikes as a positive signal that may alleviate investor concerns about shrinking auto gross margins. Tesla's stock rose 1.67% in premarket trading on Tuesday.

Portfolio Pulse from Shanthi Rexaline

November 14, 2023 | 10:08 am

VGK

The preliminary Eurozone Gross Domestic Product (GDP) year-over-year (YoY) growth for Q3 came in at 0.1%, which is in line with the estimates and represents a decrease from the prior 0.5%.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:07 am

ARMK

HD

HROW

SBH

SKIN

U.S. stock futures are trading higher, with investor focus on upcoming earnings reports and financial results. Home Depot (HD) is expected to report earnings of $3.58 per share on revenue of $35.66 billion. Beauty Health (SKIN) reported disappointing Q3 results and suspended its 2025 forecast, causing shares to drop 40.3%. Sally Beauty (SBH) is anticipated to report earnings of 46 cents per share on revenue of $930.47 million. Harrow (HROW) reported lower-than-expected Q3 results and reduced revenue guidance, leading to a 22.1% share price fall. Aramark (ARMK) is expected to report earnings of 64 cents per share on revenue of $4.79 billion.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 10:05 am

VIPS

Vipshop forecasts its Q4 net revenues to be between RMB31.8 billion and RMB33.3 billion.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:04 am

VOD

Vodafone Group has reaffirmed its FY24 guidance, expecting Adjusted EBITDAaL to be 'broadly flat' at approximately €13.3 billion and Adjusted Free Cash Flow to be 'around' €3.3 billion.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:28 am