Streetbeat News

Revenues

GNTX

Gentex Corp has stated in its SEC Form 10 filing that it is finding it difficult to forecast revenue for the remainder of the year and beyond.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 5:51 pm

EIS

TER

Teradyne has warned that the recent Israel-Hamas conflict could negatively impact its future revenue and supply chain. The company's customers and suppliers in Israel may experience delays due to the conflict, which could materially impact demand for its products. Global economic uncertainty following the start of the conflict could also affect demand.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 5:46 pm

GDYN

Grid Dynamics Holdings reported better-than-expected Q3 revenue results and issued Q4 revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 4:33 pm

TU

Telus Corp (NYSE:TU) reported a 7.2% YoY increase in Q3 FY23 operating revenues to $3.73 billion, driven by higher volumes and project ramp-ups across key clients. The company's Health business unit reported Q3 revenues of $422 million, with a 20% EBITDA growth. Total telecom subscriber connections grew 7.2% YoY to 18.94 million, with 406,000 new customer net additions in the quarter. The company's Board declared a quarterly dividend of $0.3761 per share, reflecting a 7.1% increase from the previous year. Telus reaffirmed its FY23 outlook, expecting operating revenue growth of 9.5%-11.5%, Adjusted EBITDA growth of 7%-8%, and Free cash flow of ~1.5 billion.

Portfolio Pulse from Akanksha Bakshi

November 03, 2023 | 4:11 pm

IT

Gartner, Inc. (NYSE:IT) reported Q3 FY23 revenue growth of 5.8% YoY to $1.409 billion, beating the consensus of $1.390 billion. Revenues from Research rose 6.2% YoY to $1.22 billion, while Consulting revenue grew 24.1% YoY to $133 million. The company raised its FY23 revenue guidance to at least $5.89 billion, up from the previous estimate of $5.85 billion. Gartner's shares traded higher by 15.22% at $388.98 on the last check Friday.

Portfolio Pulse from Nabaparna Bhattacharya

November 03, 2023 | 3:24 pm

TSLA

Tesla Inc's stock is up 1.35% to $221.45, driven by the Federal Reserve's decision to keep interest rates unchanged. Lower interest rates can result in a lower discount rate in a discounted cash flow (DCF) analysis, making future cash flows worth more in today's dollars. This can increase the stock's intrinsic value and share price. Lower interest rates can also increase consumer spending, potentially driving up sales and revenue for Tesla.

Portfolio Pulse from Henry Khederian

November 03, 2023 | 3:05 pm

RCL

Royal Caribbean Group has removed Israel from its 2024 itineraries, according to an email sent to travel agents. The news could potentially impact the company's revenues and stock price.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 3:02 pm

SPY

Federal Reserve's Barkin has stated that middle-income consumers are reducing their spending, while high-end consumers are not. He also mentioned that the consumer economy is likely in a normal place and expressed satisfaction with recent productivity data.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:26 pm

SPT

Sprout Social reported better-than-expected Q3 financial results and issued Q4 revenue and FY23 EPS and revenue guidance above estimates. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:23 pm

RPID

Rapid Micro Biosystems has reaffirmed its FY23 revenue guidance of at least $22M, which is slightly below the estimated $22.26M.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:39 pm