Streetbeat News

Revenues

SUPN

Supernus Pharmaceuticals has revised its FY23 revenue forecast from the range of $580M-$620M to $590M-$610M. The new estimate is in line with the market expectation of $594.28M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:56 pm

INFN

Infinera has projected its Q3 2023 revenue to be between $378M and $392M, which is higher than the estimated $376.5M. The company also expects its adjusted EPS to be between $0.03 and $0.08, compared to the estimated $(0.01).

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:56 pm

AFIB

Acutus Medical (NASDAQ:AFIB) has announced a strategic realignment of resources and corporate restructuring, which will result in a workforce reduction of approximately 65%. The company will shift its business model to solely support the manufacturing and distribution of Medtronic's left-heart access products. The restructuring is expected to significantly reduce cash burn and ongoing operating expenses. As of September 30, 2023, the company had $45.5 million in cash and equivalents. Post restructuring, Acutus will become a contract manufacturing business with the potential to generate positive cash flow over the next several years.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:52 pm

AKA

a.k.a. Brands Holding Corp has projected its FY23 revenue to be between $550M and $555M, which is lower than the estimated $557.79M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:50 pm

NTRA

Natera has projected its FY23 revenue to be between $1.035 billion and $1.05 billion, slightly higher than the estimated $1.03 billion.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:49 pm

DIS

Disney CEO announced that over 50% of new U.S. subscribers in Q4 chose an ad-supported Disney+ product. This indicates a strong consumer preference for ad-supported streaming services.

Portfolio Pulse from Charles Gross

November 08, 2023 | 9:46 pm

PAHC

Phibro Animal Health has projected its net sales for FY24 to be between $980 million and $1.02 billion.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:45 pm

ELY

Topgolf Callaway Brands Corp. has revised its Q4 2023 revenue estimate to $847M-$872M, down from the previous estimate of $1.01B. The company also lowered its FY23 EPS from $0.63-$0.69 to $0.39-$0.43 and its revenue from $4.42B-$4.47B to $4.235B-$4.260B. The 2023 projections are based on the company's best estimates at this time.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:45 pm

IONQ

IonQ Inc reported Q3 earnings with a 122% YoY increase in revenue to $6.1 million and a net loss of 22 cents per share. The company reported $26.3 million in new bookings for Q3, bringing YTD bookings to $58.4 million. IonQ ended the quarter with $485.1 million in cash, equivalents, and investments. The company raised its full-year 2023 revenue outlook to $21.2 million to $22 million and lifted its bookings outlook to $60 million to $63 million.

Portfolio Pulse from Adam Eckert

November 08, 2023 | 9:42 pm

PYCR

Paycor HCM has issued its financial guidance for Q2 and FY24. The company expects Q2 revenues to be between $154.5M and $156.5M, compared to estimates of $155.52M. For FY24, the company anticipates revenues in the range of $648M to $654M, against estimates of $649.2M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:30 pm