Streetbeat News

Revenues

GTN

Gray Television anticipates Q4 total revenue to be between $854M-$864M, with core advertising revenue projected to be between $410M-$414M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:10 am

GTN

Gray Television anticipates growth in advertising revenues from its television station operations for the remainder of 2023.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:05 am

LL

LL Flooring has announced that it is not providing financial guidance due to uncertainty in the macroeconomic environment. The company expects revenues to be challenged but is focusing on growth priorities to drive sales. It plans to close 8 underperforming stores in 2023 and early 2024, incurring expenses between $2 million and $3 million. The company has achieved $7.3 million in savings this year and plans to spend approximately $20 million in 2023 to support strategic investments.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:03 am

ADBE

Adobe Inc. (NASDAQ:ADBE) is selling AI-generated images depicting the Israel-Hamas conflict on its stock image service, Adobe Stock. This has raised concerns over the authenticity and ethics of digital media. The AI images are often indistinguishable from real photographs, potentially leading to misinformation. Adobe has responded by stating that all AI content on their platform is clearly labeled and they are combating misinformation through initiatives like the Content Authenticity Initiative. AI images are generating significantly higher revenue than traditional photographs on Adobe Stock.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 10:15 am

BYDDF

LI

NIO

TSLA

XPEV

According to the China Passenger Car Association, car sales in China are expected to rise by over 20% in November. This follows a nearly 10% year-on-year increase in October, marking the third consecutive month of gains.

Portfolio Pulse from Charles Gross

November 08, 2023 | 9:57 am

EVO

Evotec SE has reiterated its FY23 revenue guidance of €750M-€790M, against an estimate of $817.64M. The company also expects its adjusted Group EBITDA to be in the range of €60M-€80M. Unpartnered research and development expenses are expected to be between €60M-€70M. The company's mid-term goals include revenue growth to over €1,000M, adjusted EBITDA of at least €300M, and unpartnered R&D expenses of more than €100M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:37 am

EVO

Evotec SE reported a 14% YoY revenue growth in 9M FY22 to €580.1M, with adjusted group EBITDA increasing by 13% YoY to €50.2M. The company's top-line success reflects strong demand. However, costs of €43.9M were incurred in 2023 due to a cyber-incident. Total EVT Execute revenues were up 3% to €543.4M, while EVT Innovate revenues increased by 64% to €199.9M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:33 am

SSTI

SoundThinking has reaffirmed its FY23 revenue guidance of $92M-$94M, representing a 15% YoY growth. The company expects its annual recurring revenue (ARR) on 12/31/2023 to have increased over 17% to approximately $93.5 million. The company's financial outlook statements are based on current expectations and actual results could differ materially depending on market conditions.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:46 am

OSUR

OraSure Technologies has provided its Q4 2023 revenue guidance, expecting to generate between $71M and $76M. This includes core revenue of $33M to $35M and InteliSwab® revenue of $38M to $41M. The company is also on track to exceed the $15M of annualized cost savings announced in Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:45 am

PSNL

Personalis has updated its Q4 2023 revenue forecast to $19M-$20M, higher than the estimated $18.12M. The company also expects FY23 revenue to be between $73M-$74M, surpassing the $70.6M estimate. The increase in revenue is attributed to pharma tests, enterprise sales, and other customers. The company also expects a net loss of approximately $103M, a reduction from $113M in 2022, due to headcount reduction savings and other factors.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:44 am