Streetbeat News

Revenues

IMCC

IM Cannabis reported a decrease in Q3 revenues to C$12.37M from C$14.17M year-over-year, indicating a decline in sales.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:01 pm

DTI

Drilling Tools International (DTI) forecasts FY23 revenue to be between $150M and $158M, with net income projected to be $12M to $19M.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:37 pm

TSN

Tyson Foods reported Q4 sales of $13.348 billion, which fell short of the estimated $13.707 billion.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:31 pm

SOHU

Sohu.com Limited (NASDAQ: SOHU) reported a 22% Y/Y revenue decline to $145.4 million for Q3 2023, with a larger than expected adjusted loss per ADS of 30 cents. Brand advertising and online game revenues fell 14% and 21% Y/Y, respectively. Despite this, the adjusted gross margin improved to 76%. The company has $1.4 billion in cash and equivalents. Monthly active users for PC games rose 3% Y/Y, while mobile games saw a 9% Y/Y decline. The company's 'Twin Engine' strategy focuses on short-form content and live broadcasts. Q4 outlook anticipates further declines in brand advertising and online game revenues, with an adjusted net loss projected between $10 million and $20 million. SOHU shares increased by 5.84% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 13, 2023 | 12:28 pm

USO

The OPEC Monthly Report has revised the world oil demand growth forecast for 2023 slightly upwards to 2.5 million barrels per day (mb/d), indicating a marginally stronger demand than previously assessed.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:13 pm

GENI

Genius Sports has increased its FY23 group revenue forecast to $412 million, up from the previous estimate of $410 million. This new projection slightly exceeds the consensus estimate of $410.47 million.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:08 pm

MNDY

monday.com projects Q4 revenue to be between $196M-$198M, surpassing the estimate of $195.16M. For FY23, the company expects revenue of $723M-$725M, exceeding the forecast of $715.53M. The Q4 year-over-year growth is anticipated to be 31%-32%, with a non-GAAP operating income of $7M-$9M and a margin of 4%-5%. For the full year, the expected growth is 39%-40%, with a non-GAAP operating income of $47M-$49M and an operating margin of about 7%.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:06 pm

NABL

N-able, Inc. has provided its financial outlook for FY23, expecting total revenue to be between $420M and $420.5M, which is slightly below the estimated $420.82M by analysts.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:05 pm

NABL

N-able reported Q3 total revenue of $107.6 million, surpassing the estimated $106.82 million.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:03 pm

MDV

Modiv Inc. (MDV) reported a 12.9% increase in Q3 FFO to $0.35 per share, up from $0.31 YoY. Sales for the quarter were $12.50M, surpassing the $12.04M estimate and marking a 22.41% increase from $10.21M in the same period last year.

Portfolio Pulse from saritha@benzinga.com

November 13, 2023 | 12:02 pm