Streetbeat News

Revenues

PARA

Paramount has reported a 46% increase in global viewing hours across its platforms Paramount+ and Pluto TV.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:05 pm

GLPG

Galapagos has reported a 9% increase in its total net revenues for the first nine months of the year, reaching €448.9 million.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:05 pm

AGL

Agilon Health reported Q3 2023 revenue of $1.22B, surpassing the estimate of $1.137B.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:04 pm

PODD

Insulet Corporation (PODD) has raised its revenue growth forecast for FY23 to 26%-27%, up from the previous 22%-25%. The company also expects Q4 revenue growth of 22%-25%. The growth is expected across all product lines, with the U.S. Omnipod seeing the highest growth of 37%-38%. The company also raised its expected gross margin to 66%-67% and expects an operating margin in the range of 9%-10% for the year ending December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:03 pm

EXPE

Expedia's Q3 revenue was reported at $3.929B, surpassing the estimated $3.857B.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:03 pm

STZ

Constellation Brands, Inc. (NYSE:STZ) has outlined its strategic foundation for continued growth at its 2023 Investor Day. The company expects its Beer Business to see medium-term net sales growth of 7-9% and operating margins of 39-40%. The Wine & Spirits Business now expects medium-term net sales growth of 1-3% and operating margins of 25-26%. The company is targeting annual low double-digit diluted EPS growth over the medium term and expects cumulative $15-17B operating cash flow and $10-12B free cash flow from Fiscal 2024 to Fiscal 2028. The company also announced an additional $2B share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:03 pm

FOXA

Fox Corp reported Q1 FY24 revenue of $3.21 billion, beating the consensus of $3.18 billion. The company's adjusted EPS was $1.09, higher than the consensus of $1.02. Affiliate revenues increased 2% Y/Y to $1.74 billion, led by 8% growth in the Television segment. However, advertising revenues decreased 2% Y/Y to $1.20 billion, despite the broadcast of the FIFA Women's World Cup and growth at Tubi. Adjusted EBITDA was $869 million, down from $1.09 billion a year ago. The company held $3.83 billion in cash and equivalents.

Portfolio Pulse from Anusuya Lahiri

November 02, 2023 | 4:20 pm

ANSS

ANSYS reported a year-over-year decrease in Q3 revenue results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:34 pm

KSS

M

TGT

WMT

The National Retail Federation (NRF) forecasts that U.S. holiday spending will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion. Online and non-store sales are expected to increase between 7% and 9% to between $273.7 billion and $278.8 billion. NRF expects retailers to hire between 345,000 and 450,000 seasonal workers. The forecast is based on indicators including employment, wages, consumer confidence, disposable income, consumer credit, and previous retail sales.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:22 pm

HWM

Howmet Aerospace reported better-than-expected Q3 financial results and raised its FY23 revenue guidance. The company also issued FY23 adjusted EPS guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:17 pm