Streetbeat News

Revenues

IREN

Iris Energy Limited (NASDAQ:IREN) reported $11.2M in mining revenue for October 2023, with a revenue per Bitcoin of $29,673. The company, which operates Bitcoin mining data centers powered by 100% renewable energy, also reported an average operating hashrate of 5,571 PH/s and mined 376 Bitcoins during the month.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:26 am

MPLN

MultiPlan Corporation has increased its FY23 revenue guidance to $960M-$970M, up from the previous estimate of $950M-$980M. The company also expects its adjusted EBITDA to be between $615M-$625M, slightly lower than the previous range of $615M-$635M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:17 am

GEO

GEO Group has lowered its Q4 2023 revenue outlook from $595M-$610M to $590M-$600M due to updated expectations regarding the U.S. Department of Homeland Security's Intensive Supervision and Appearance Program (ISAP). The company now assumes a flat to slightly down ISAP participant count for the rest of the year due to budgetary pressures faced by U.S. Immigration and Customs Enforcement (ICE) and uncertainty over the passage of federal appropriations bills for fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:11 am

ENOV

Enovis has updated its FY23 revenue growth forecast, now expecting an organic growth of 7.4-7.6% year-over-year, up from the previous expectations of 7-7.5% growth.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:10 am

SNCE

Science 37 has revised its revenue guidance for the year, now expecting to generate between $58M-$59M. This is a decrease from the previous estimate of approximately $60M, and also falls short of the consensus estimate of $60.01M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:07 am

AMRX

Amneal Pharmaceuticals has reaffirmed its 2023 net revenue outlook of $2.37 billion to $2.42 billion, with an adjusted EPS of $0.51 to $0.58.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:05 am

ENOV

Enovis has announced double-digit growth in its reconstructive business, including an 18% increase in US hip/knee operations in Q3.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:03 am

ACMR

ACM Research has updated its revenue guidance for fiscal year 2023 to $520 million to $540 million, a narrower range than the previous $515 million to $585 million. The updated guidance is based on the company's assessment of international trade policy impact, customer spending scenarios, supply chain constraints, and other factors.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:03 am

META

Meta Platforms Inc. (NASDAQ:META) has launched a special bonus program for Instagram content creators in the United States, South Korea, and Japan. The program, which runs until the end of the year, allows creators to earn additional income based on the popularity of their posts, provided they adhere to Meta's content monetization policies. Meta is also enhancing subscription features for creators on both Facebook and Instagram, with over 1 million active subscriptions to Instagram creators and the recent expansion of this feature to 35 new countries.

Portfolio Pulse from Benzinga Neuro

November 07, 2023 | 9:27 am

ADTN

ADTRAN has provided its financial outlook for Q4 2023, expecting revenues to be between $210M and $240M, which is below the consensus of $287.83M. The company also anticipates a non-GAAP operating margin between -7% and 0%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:24 am